CGIC vs SPY
Capital Group International Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CGIC or SPY?
CGIC has been ahead.
SPY has a lower expense ratio. CGIC led over 1Y and the full window. CGIC is less concentrated, with 23.3% 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 | CGIC | SPY |
|---|---|---|
| Expense Ratio | 0.54% | 0.09%Best |
| AUM | $2.5B | $804.7B |
| Dividend Yield | 1.64% | 0.98% |
| Holdings | 207 | 505 |
| YTD Return | +11.64%Best | +11.52% |
| 1Y Return | +22.66%Best | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 11.1%Best | 12.0% |
| Max Drawdown | -13.1%Best | -18.8% |
| $10,000 over 2.2 years | $15,196Best | $14,189 |
| Top 10 Weight | 23.3%Best | 38.0% |
| Fund Family | Capital Group (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 27, 2024 to Sep 10, 2026 (2.2 years).
CGIC 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 2.2 years both funds cover.
CGIC vs SPY Performance
Capital Group International Core Equity ETF (CGIC) 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 CGIC returned +22.66% while SPY returned +17.48%. Year to date, CGIC is up 11.64% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 11.1% 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 -18.8% 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 0.58. They move together some of the time, and apart the rest.
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 1.64% against 0.98% for SPY.
Holdings Overlap
2.2% of CGIC's money is in holdings SPY also owns. 3.8% of SPY's money is in holdings CGIC also owns.
SPY and CGIC share little of their money.
4 positions in common, counted across the 193 positions we hold weights for in CGIC and 504 in SPY, against full books of 207 and 505.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for CGIC (95.7% of the fund), and 9 for CGIC that do not appear in SPY (4.7%).
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.
You are not choosing between two funds in isolation.
Whichever of CGIC and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $45 a year on a $10,000 investment.
Which performed better, CGIC or SPY?
Over the past year CGIC returned +22.66% vs +17.48% for SPY, so CGIC leads on 1-year performance. Over the longest common window we track (2 years), CGIC annualized +20.95% vs +17.24% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGIC or SPY?
SPY has been the more volatile fund at 12.0% annualized versus 11.1% for CGIC. Worst drawdown: CGIC -13.1% vs SPY -18.8%.
Should I hold both CGIC and SPY?
CGIC and SPY have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGIC and SPY?
3.8% of SPY's money is in holdings CGIC also owns. 3.8% of SPY's is in holdings CGIC also owns. They hold 4 positions in common, counted across the 193 positions we hold weights for in CGIC and 504 in SPY.
Which pays a higher dividend, CGIC or SPY?
CGIC yields 1.64% while SPY yields 0.98%, so CGIC currently pays the higher dividend yield.
Is SPY better than CGIC?
SPY has a lower expense ratio. CGIC led over 1Y and the full window. CGIC is less concentrated, with 23.3% 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.