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ETFs

Capital Group Global Growth Equity ETF

CGGO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 22 2022
Expense Ratio
0.47%
Type
Global Equities
Fund Owner
Capital Group
Volume (1m avg. daily)
$11,873,943
AUM
$1,902,388,009
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with CGGO

What is CGGO?

CGGO takes a bottom-up approach, analyzing all aspects of companies with significant growth potential, including where they do business, their position in their industry, their products and the health of their supply chains.

ETFs related toCGGO

ETFs correlated to CGGO include CRBN, ACWI, VT

CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
IOO
BlackRock Institutional Trust Company N.A. - iShares Global 100 ETF
DSI
BlackRock Institutional Trust Company N.A. - iShares MSCI KLD 400 Social Index Fund
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
USXF
iShares Trust - iShares ESG Advanced MSCI USA ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCGGO

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CGGO using Composer

FAQ

CGGO is a Global Equities ETF. CGGO takes a bottom-up approach, analyzing all aspects of companies with significant growth potential, including where they do business, their position in their industry, their products and the health of their supply chains.

Yes, CGGO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CGGO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CGGO is -0.0271%. This is the percent change in the value of CGGO over the most recent 1-month period. The 3-month return on CGGO is -0.0312%. This is the percent change in the value of CGGO over the most recent 3-month period.

The standard deviation of CGGO for the past year is 0.1723%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CGGO include EZU, VEA, and EFA.

ETFs correlated to CGGO include CRBN, ACWI, and VT.

ETFs that are inversely correlated to CGGO include SH, SPXS, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.