CGGO vs SPY
Capital Group Global Growth Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CGGO or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. CGGO led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. CGGO is less concentrated, with 30.9% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGGO | SPY |
|---|---|---|
| Expense Ratio | 0.47% | 0.09%Best |
| AUM | $11.8B | $804.7B |
| Dividend Yield | 0.99% | 0.98% |
| Holdings | 120 | 505 |
| YTD Return | +13.60%Best | +12.47% |
| 1Y Return | +20.30%Best | +17.51% |
| 3Y Return (annualized) | +20.21% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 17.5% | 15.6%Best |
| Max Drawdown | -24.9% | -22.1%Best |
| $10,000 over 4.5 years | $17,085 | $18,844Best |
| Top 10 Weight | 30.9%Best | 38.0% |
| Fund Family | Capital Group (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Feb 22, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 11, 2026 (4.5 years).
CGGO vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
CGGO vs SPY Performance
Capital Group Global Growth Equity ETF (CGGO) is an ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CGGO returned +20.30% while SPY returned +17.51%. Year to date, CGGO is up 13.60% versus a gain of 12.47% for SPY.
Over three years, CGGO compounded at +20.21% per year against +21.18% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGGO has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.6% 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 -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.99% against 0.98% for SPY.
Holdings Overlap
44.2% of CGGO's money is in holdings SPY also owns. 43.6% of SPY's money is in holdings CGGO also owns.
The two portfolios partly overlap.
41 positions in common, counted across the 105 positions we hold weights for in CGGO and 504 in SPY, against full books of 120 and 505.
What only one of them owns
Our book lists 453 positions for SPY that do not appear in our book for CGGO (55.9% of the fund), and 13 for CGGO that do not appear in SPY (8.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CGGO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.33% | 7.71% | 6.38% |
| AAPLApple, Inc | 0.96% | 6.83% | 5.87% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.94% | 5.50% | 3.56% |
| GOOGLAlphabet A Usd 0.001 | 3.52% | 3.33% | 0.19% |
| AVGOBroadcom Inc | 3.48% | 2.97% | 0.51% |
| AMZNAmazon.Com Inc | 1.45% | 4.08% | 2.63% |
| MUMicron Technology, Inc. | 3.39% | 1.51% | 1.88% |
| METAMeta Platforms, Inc. | 1.26% | 1.94% | 0.68% |
| WDCWestern Digital Corp. | 2.63% | 0.28% | 2.35% |
| LLYEli Lilly & Co. | 0.98% | 1.33% | 0.35% |
44.2% of CGGO is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $38 a year on a $10,000 investment.
Which performed better, CGGO or SPY?
Over the past year CGGO returned +20.30% vs +17.51% for SPY, so CGGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGGO or SPY?
CGGO has been the more volatile fund at 17.5% annualized versus 15.6% for SPY. Worst drawdown: CGGO -24.9% vs SPY -22.1%.
Should I hold both CGGO and SPY?
CGGO and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CGGO and SPY?
44.2% of CGGO's money is in holdings SPY also owns. 43.6% of SPY's is in holdings CGGO also owns. They hold 41 positions in common, counted across the 105 positions we hold weights for in CGGO and 504 in SPY.
Which pays a higher dividend, CGGO or SPY?
CGGO yields 0.99% while SPY yields 0.98%, so CGGO currently pays the higher dividend yield.
Is SPY better than CGGO?
SPY has a lower expense ratio. CGGO led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. CGGO is less concentrated, with 30.9% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.