CGNG vs IVV
Capital Group New Geography Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CGNG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CGNG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.03% | |
| AUM | $2.9B | $907.0B | |
| Dividend Yield | 0.62% | 1.10% | |
| Holdings | 239 | 508 | |
| YTD Return | +13.32% | +12.71% | |
| 1Y Return | +27.38% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 13.7% | 15.1% | |
| Max Drawdown | -15.9% | -56.5% | |
| Fund Family | Capital Group (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | May 15, 2000 |
CGNG vs IVV Performance
Capital Group New Geography Equity ETF (CGNG) is a ETF from Capital Group (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CGNG returned +27.38% while IVV returned +21.89%. Year to date, CGNG is up 13.32% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.7% for CGNG. 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 -15.9% for CGNG and -56.5% for IVV. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGNG charges 0.64% per year while IVV charges 0.03%. On a $10,000 position that is $64 vs $3 annually, a gap of $61 per year that compounds over a long holding period. On income, CGNG currently yields 0.62% against 1.10% for IVV.
Holdings Overlap
CGNG and IVV share 30 holdings out of 718 unique holdings combined, representing a 11.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGNG or IVV?
CGNG has an expense ratio of 0.64% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, CGNG or IVV?
Over the past year CGNG returned +27.38% vs +21.89% for IVV, so CGNG leads on 1-year performance. Over the longest common window we track (2 years), CGNG annualized +20.24% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CGNG or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.7% for CGNG. Worst drawdown: CGNG -15.9% vs IVV -56.5%.
Should I hold both CGNG and IVV?
CGNG and IVV have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGNG and IVV?
CGNG and IVV share 30 common holdings with a 11.4% weight overlap. Combined, they hold 718 unique securities.
Which pays a higher dividend, CGNG or IVV?
CGNG yields 0.62% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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