CGGO vs IVV
Capital Group Global Growth Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CGGO delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CGGO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.03% | |
| AUM | $12.0B | $907.0B | |
| Dividend Yield | 1.02% | 1.10% | |
| Holdings | 119 | 508 | |
| YTD Return | +16.02% | +12.71% | |
| 1Y Return | +26.87% | +21.89% | |
| 3Y Return (annualized) | +21.20% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 17.6% | 15.1% | |
| Max Drawdown | -24.9% | -56.5% | |
| Fund Family | Capital Group (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 22, 2022 | May 15, 2000 |
CGGO vs IVV Performance
Capital Group Global Growth Equity ETF (CGGO) is a ETF from Capital Group (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CGGO returned +26.87% while IVV returned +21.89%. Year to date, CGGO is up 16.02% versus a gain of 12.71% for IVV.
Over three years, CGGO compounded at +21.20% per year against +22.08% for IVV. Across the full 5-year window we track, CGGO has the edge at +13.35% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGGO has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.9% for CGGO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CGGO charges 0.47% per year while IVV charges 0.03%. On a $10,000 position that is $47 vs $3 annually, a gap of $44 per year that compounds over a long holding period. On income, CGGO currently yields 1.02% against 1.10% for IVV.
Holdings Overlap
CGGO and IVV share 41 holdings out of 569 unique holdings combined, representing a 22.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGGO or IVV?
CGGO has an expense ratio of 0.47% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, CGGO or IVV?
Over the past year CGGO returned +26.87% vs +21.89% for IVV, so CGGO leads on 1-year performance. Over the longest common window we track (5 years), CGGO annualized +13.35% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CGGO or IVV?
CGGO has been the more volatile fund at 17.6% annualized versus 15.1% for IVV. Worst drawdown: CGGO -24.9% vs IVV -56.5%.
Should I hold both CGGO and IVV?
CGGO and IVV have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CGGO and IVV?
CGGO and IVV share 41 common holdings with a 22.9% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, CGGO or IVV?
CGGO yields 1.02% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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