CGGO vs CNXT
Capital Group Global Growth Equity ETF vs VanEck ChiNext ETF
Which is better, CGGO or CNXT?
CGGO has been ahead.
CGGO has a lower expense ratio. CGGO led over 1Y, 3Y and the full window. CGGO is less concentrated, with 34.9% of the fund in its ten largest positions against 54.4%.
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 | CGGO | CNXT |
|---|---|---|
| Expense Ratio | 0.47%Best | 0.65% |
| AUM | $11.9B | $83M |
| Dividend Yield | 1.00% | 0.18% |
| Holdings | 106 | 196 |
| YTD Return | +8.88%Best | -9.60% |
| 1Y Return | +12.88%Best | +1.51% |
| 3Y Return (annualized) | +19.50%Best | +17.72% |
| 5Y Return (annualized) | - | -2.73% |
| Volatility (annualized) | 17.5%Best | 37.3% |
| Max Drawdown | -24.9%Best | -53.3% |
| $10,000 over 4.6 years | $16,404Best | $9,945 |
| Top 10 Weight | 34.9%Best | 54.4% |
| Fund Family | Capital Group (US) | VanEck |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 22, 2022 | Jul 23, 2014 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Oct 14, 2026 (4.6 years).
CGGO vs CNXT 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 4.6 years both funds cover.
CGGO vs CNXT Performance
Capital Group Global Growth Equity ETF (CGGO) is an ETF from Capital Group (US) and VanEck ChiNext ETF (CNXT) is an ETF from VanEck. Over the past year CGGO returned +12.88% while CNXT returned +1.51%. Year to date, CGGO is up 8.88% versus a loss of 9.60% for CNXT.
Over three years, CGGO compounded at +19.50% per year against +17.72% for CNXT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNXT has been the more volatile fund, with annualized monthly volatility of 37.3% compared with 17.5% for CGGO. 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 -24.9% for CGGO and -53.3% for CNXT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGGO charges 0.47% per year while CNXT charges 0.65%. On a $10,000 position that is $47 vs $65 annually, a gap of $18 per year that compounds over a long holding period. On income, CGGO currently yields 1.00% against 0.18% for CNXT.
Holdings Overlap
We hold position weights for 100 holdings in CGGO and 97 in CNXT, totalling 100.2% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in CGGO and 97 in CNXT, against full books of 106 and 196.
What only one of them owns
Our book lists 0 positions for CNXT that do not appear in our book for CGGO (0.0% of the fund), and 49 for CGGO that do not appear in CNXT (53.1%).
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 CGGO and CNXT 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, CGGO or CNXT?
CGGO has an expense ratio of 0.47% while CNXT charges 0.65%. CGGO is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, CGGO or CNXT?
Over the past year CGGO returned +12.88% vs +1.51% for CNXT, so CGGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGGO or CNXT?
CNXT has been the more volatile fund at 37.3% annualized versus 17.5% for CGGO. Worst drawdown: CGGO -24.9% vs CNXT -53.3%.
Should I hold both CGGO and CNXT?
CGGO and CNXT have a monthly-return correlation of 0.39, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CGGO or CNXT?
CGGO yields 1.00% while CNXT yields 0.18%, so CGGO currently pays the higher dividend yield.
Is CNXT better than CGGO?
CGGO has a lower expense ratio. CGGO led over 1Y, 3Y and the full window. CGGO is less concentrated, with 34.9% of the fund in its ten largest positions against 54.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.