CGGR vs SPY
Capital Group Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CGGR or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. CGGR led over 3Y and the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.8%.
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 | CGGR | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $25.1B | $804.7B |
| Dividend Yield | 0.15% | 0.98% |
| Holdings | 103 | 505 |
| YTD Return | +4.53% | +11.97%Best |
| 1Y Return | +5.57% | +16.40%Best |
| 3Y Return (annualized) | +22.80%Best | +21.10% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 19.4% | 15.6%Best |
| Max Drawdown | -28.9% | -22.1%Best |
| $10,000 over 4.6 years | $19,326Best | $19,005 |
| Top 10 Weight | 39.8% | 37.8%Best |
| 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 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 14, 2026 (4.6 years).
CGGR 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 4.6 years both funds cover.
CGGR vs SPY Performance
Capital Group Growth ETF (CGGR) 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 CGGR returned +5.57% while SPY returned +16.40%. Year to date, CGGR is up 4.53% versus a gain of 11.97% for SPY.
Over three years, CGGR compounded at +22.80% per year against +21.10% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGGR has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -28.9% for CGGR 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CGGR charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, CGGR currently yields 0.15% against 0.98% for SPY.
Holdings Overlap
79.3% of CGGR's money is in holdings SPY also owns. 51.8% of SPY's money is in holdings CGGR also owns.
Most of CGGR is already inside SPY. Owning both mostly buys the same companies twice.
64 positions in common, counted across the 96 positions we hold weights for in CGGR and 504 in SPY, against full books of 103 and 505.
What only one of them owns
Our book lists 433 positions for SPY that do not appear in our book for CGGR (47.5% of the fund), and 19 for CGGR that do not appear in SPY (11.9%).
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 CGGR | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.11% | 8.01% | 2.90% |
| MSFTMicrosoft Corp | 4.62% | 5.66% | 1.04% |
| AAPLApple, Inc | 2.37% | 7.26% | 4.89% |
| METAMeta Platforms Inc | 5.49% | 1.93% | 3.56% |
| AVGOBroadcom Inc | 4.73% | 2.66% | 2.07% |
| AMZNAmazon.Com Inc | 2.46% | 3.79% | 1.33% |
| GOOGLAlphabet Inc,class A | 3.05% | 2.99% | 0.06% |
| TSLATesla Inc | 4.09% | 1.52% | 2.57% |
| GOOGAlphabet Inc | 3.21% | 2.39% | 0.82% |
| MUMicron Technology, Inc. | 3.51% | 1.60% | 1.91% |
79.3% of CGGR 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, CGGR or SPY?
CGGR has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, CGGR or SPY?
Over the past year CGGR returned +5.57% vs +16.40% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGGR or SPY?
CGGR has been the more volatile fund at 19.4% annualized versus 15.6% for SPY. Worst drawdown: CGGR -28.9% vs SPY -22.1%.
Should I hold both CGGR and SPY?
CGGR and SPY have a monthly-return correlation of 0.95, 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 CGGR and SPY?
79.3% of CGGR's money is in holdings SPY also owns. 51.8% of SPY's is in holdings CGGR also owns. They hold 64 positions in common, counted across the 96 positions we hold weights for in CGGR and 504 in SPY.
Which pays a higher dividend, CGGR or SPY?
CGGR yields 0.15% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than CGGR?
SPY has a lower expense ratio. CGGR led over 3Y and the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.