CGIC vs SPY
Capital Group International Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CGIC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CGIC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.09% | |
| AUM | $2.2B | $789.1B | |
| Dividend Yield | 1.67% | 1.01% | |
| Holdings | 202 | 505 | |
| YTD Return | +12.01% | +13.75% | |
| 1Y Return | +26.61% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 11.2% | 15.3% | |
| Max Drawdown | -13.1% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Jan 22, 1993 |
CGIC vs SPY Performance
Capital Group International Core Equity ETF (CGIC) 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 CGIC returned +26.61% while SPY returned +22.91%. Year to date, CGIC is up 12.01% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.2% for CGIC. 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 -13.1% for CGIC 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGIC charges 0.54% per year while SPY charges 0.09%. On a $10,000 position that is $54 vs $9 annually, a gap of $45 per year that compounds over a long holding period. On income, CGIC currently yields 1.67% against 1.01% for SPY.
Holdings Overlap
CGIC and SPY share 4 holdings out of 692 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGIC or SPY?
CGIC has an expense ratio of 0.54% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, CGIC or SPY?
Over the past year CGIC returned +26.61% vs +22.91% for SPY, so CGIC leads on 1-year performance. Over the longest common window we track (2 years), CGIC annualized +22.06% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CGIC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.2% for CGIC. Worst drawdown: CGIC -13.1% vs SPY -56.5%.
Should I hold both CGIC and SPY?
CGIC and SPY have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGIC and SPY?
CGIC and SPY share 4 common holdings with a 1.4% weight overlap. Combined, they hold 692 unique securities.
Which pays a higher dividend, CGIC or SPY?
CGIC yields 1.67% while SPY yields 1.01%, so CGIC currently pays the higher dividend yield.
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