CGGE vs SPY
CGGE vs SPY
Capital Group Global Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CGGE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.09% | |
| AUM | $2.9B | $789.1B | |
| Dividend Yield | 0.37% | 1.01% | |
| Holdings | 122 | 505 | |
| YTD Return | +11.92% | +13.79% | |
| 1Y Return | +21.40% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 11.1% | 15.3% | |
| Max Drawdown | -14.4% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Jan 22, 1993 |
CGGE vs SPY Performance
Capital Group Global Equity ETF (CGGE) 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 CGGE returned +21.40% while SPY returned +23.66%. Year to date, CGGE is up 11.92% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.1% for CGGE. 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 -14.4% for CGGE 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGGE charges 0.47% per year while SPY charges 0.09%. On a $10,000 position that is $47 vs $9 annually, a gap of $38 per year that compounds over a long holding period. On income, CGGE currently yields 0.37% against 1.01% for SPY.
Holdings Overlap
CGGE and SPY share 50 holdings out of 569 unique holdings combined, representing a 32.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CGGE | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 3.52% | 7.09% | 3.57% |
| NVDA | 2.10% | 7.31% | 5.21% |
| GOOGL | 4.59% | 3.32% | 1.27% |
| MSFT | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GE | Pro | Pro | Pro |
See all 10 holdings CGGE shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CGGE or SPY?
CGGE has an expense ratio of 0.47% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, CGGE or SPY?
Over the past year CGGE returned +21.40% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), CGGE annualized +18.89% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CGGE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.1% for CGGE. Worst drawdown: CGGE -14.4% vs SPY -56.5%.
Should I hold both CGGE and SPY?
CGGE and SPY have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGGE and SPY?
CGGE and SPY share 50 common holdings with a 32.7% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, CGGE or SPY?
CGGE yields 0.37% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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