CGGO vs SPY
Capital Group Global Growth Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CGGO delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CGGO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.09% | |
| AUM | $12.0B | $821.1B | |
| Dividend Yield | 1.02% | 1.01% | |
| Holdings | 119 | 505 | |
| YTD Return | +16.02% | +12.68% | |
| 1Y Return | +26.87% | +21.82% | |
| 3Y Return (annualized) | +21.20% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 17.6% | 15.3% | |
| Max Drawdown | -24.9% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 22, 2022 | Jan 22, 1993 |
CGGO vs SPY Performance
Capital Group Global Growth Equity ETF (CGGO) is a ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CGGO returned +26.87% while SPY returned +21.82%. Year to date, CGGO is up 16.02% versus a gain of 12.68% for SPY.
Over three years, CGGO compounded at +21.20% per year against +21.98% for SPY. Across the full 5-year window we track, CGGO has the edge at +13.35% annualized vs +8.81%. 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 15.3% for SPY. 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $47 vs $9 annually, a gap of $38 per year that compounds over a long holding period. On income, CGGO currently yields 1.02% against 1.01% for SPY.
Holdings Overlap
CGGO and SPY share 41 holdings out of 568 unique holdings combined, representing a 22.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGGO or SPY?
CGGO has an expense ratio of 0.47% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, CGGO or SPY?
Over the past year CGGO returned +26.87% vs +21.82% for SPY, so CGGO leads on 1-year performance. Over the longest common window we track (5 years), CGGO annualized +13.35% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, CGGO or SPY?
CGGO has been the more volatile fund at 17.6% annualized versus 15.3% for SPY. Worst drawdown: CGGO -24.9% vs SPY -56.5%.
Should I hold both CGGO and SPY?
CGGO and SPY 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 SPY?
CGGO and SPY share 41 common holdings with a 22.8% weight overlap. Combined, they hold 568 unique securities.
Which pays a higher dividend, CGGO or SPY?
CGGO yields 1.02% while SPY yields 1.01%, so CGGO currently pays the higher dividend yield.
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