CGNG vs SPY
Capital Group New Geography Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CGNG delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CGNG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.09% | |
| AUM | $2.9B | $821.1B | |
| Dividend Yield | 0.62% | 1.01% | |
| Holdings | 239 | 505 | |
| YTD Return | +13.14% | +14.24% | |
| 1Y Return | +26.31% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 13.7% | 15.3% | |
| Max Drawdown | -15.9% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Jan 22, 1993 |
CGNG vs SPY Performance
Capital Group New Geography Equity ETF (CGNG) 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 CGNG returned +26.31% while SPY returned +21.71%. Year to date, CGNG is up 13.14% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGNG charges 0.64% per year while SPY charges 0.09%. On a $10,000 position that is $64 vs $9 annually, a gap of $55 per year that compounds over a long holding period. On income, CGNG currently yields 0.62% against 1.01% for SPY.
Holdings Overlap
CGNG and SPY share 29 holdings out of 718 unique holdings combined, representing a 11.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGNG or SPY?
CGNG has an expense ratio of 0.64% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, CGNG or SPY?
Over the past year CGNG returned +26.31% vs +21.71% for SPY, so CGNG leads on 1-year performance. Over the longest common window we track (2 years), CGNG annualized +20.35% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, CGNG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.7% for CGNG. Worst drawdown: CGNG -15.9% vs SPY -56.5%.
Should I hold both CGNG and SPY?
CGNG and SPY 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 SPY?
CGNG and SPY share 29 common holdings with a 11.1% weight overlap. Combined, they hold 718 unique securities.
Which pays a higher dividend, CGNG or SPY?
CGNG yields 0.62% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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