CGNG vs FFEM: Grades, Fees and Holdings Compared

Capital Group New Geography Equity ETF

CGNGANYSE Arca

Fidelity Fundamental Emerging Markets ETF

FFEMACboe

Overlap

22.5%by weight

Expense ratio

FFEM −0.04pt a year

CGNG0.64%FFEM0.60%

Avg volume · 30D

CGNG 41.7×the volume

CGNG592KFFEM14.2K

CGNG vs FFEM Performance

Oct 31, 2025 – Oct 30, 2026

+4.9%CGNG+15.5%FFEM

Expense ratio: CGNG 0.64%; FFEM 0.60%, better
Fund size: CGNG $3.15B; FFEM $67M
1Y total return: CGNG +4.9%; FFEM +15.5%, better
Yield (12M): CGNG 0.65%; FFEM 1.71%, better
Holdings: CGNG 244; FFEM 120
Avg volume (30D): CGNG 592K sh, better; FFEM 14.2K sh
NAV per share: CGNG $36.47; FFEM $38.12
52W range

ETF.net Grade

Pillar letters and Scores for CGNG, FFEM, with each pillar’s weight
Pillar	CGNG	FFEM
Cost30% weight	A78	A88Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B65Higher	C54
Tradability15% weight	A84Higher	A76
Holdings10% weight	A81Higher	B63
Durability5% weight	A80Higher	B68

Rank among Emerging Markets Active Growth funds

How we build Categories ›

Same Category. CGNG and FFEM are both graded against the same 9 Emerging Markets Active Growth funds, so their Grades compare head to head.

Emerging Markets Active Growth⁠

Category · 9 funds

See all 9 ›

CGNG ranks 1st and FFEM 2nd of 9 funds in the Emerging Markets Active Growth Category.

Rank 1ACGNGCapital Group New Geography Equity ETFScore 77
Rank 2AFFEMFidelity Fundamental Emerging Markets ETFScore 74
Rank 3CEMMGlobal X Emerging Markets ex-China ETFScore 53

Our read on each fund

ETF.net Research

CGNGACapital Group New Geography Equity ETF

FFEMAFidelity Fundamental Emerging Markets ETF

In short

CGNG Most emerging-markets funds sort companies by headquarters address. CGNG sorts by where the money is made, so a developed-country firm earning heavily in developing economies can qualify. Capital Group runs it actively against the MSCI EM benchmark.

FFEM No data

Stated mandate

CGNG The fund seeks long-term capital appreciation by investing primarily in common stocks of companies with significant exposure to developing economies or markets, including companies domiciled in developed countries when a significant share of their assets or revenues is attributable to developing countries.

FFEM No data

Why people hold it

CGNG The mandate counts companies domiciled in developed countries when a significant share of their assets or revenues comes from developing ones. A revenue map, not a passport check.capitalgroup.com
Actively managed by Capital Group, holding roughly 220 stocks and measured against the MSCI Emerging Markets Index rather than tracking it.
Easy to deal in for an active EM strategy: a multi-billion-dollar fund that trades actively, which tends to keep entry and exit costs modest.
Sits in the top quartile of the active emerging-markets ETFs we grade, one of the stronger overall builds in a crowded field.

FFEM No data

Worth knowing

CGNG 0.64% a year is right at the middle for active EM funds, but systematic rivals such as AVEM, JEMA and AVXC charge 0.33%.
Launched in 2024, so the record is short and has not been tested across a full emerging-markets cycle.
Because eligibility follows revenue, the country mix can look quite different from a standard EM index, including names based in developed markets.

FFEM No data

Full CGNG profile⁠

Full FFEM profile⁠

CGNG vs FFEM Holdings

How CGNG and FFEM differ

Overlap by weight

22.5%

Shared holdings make up 45.4% of FFEM and 24.3% of CGNG.

Level by level

Holdings41 in both22.5%
Countryby domicile64.7%
Sector11 Sectors88.2%
Asset classEquity100%

Sector

Sector weights in CGNG and FFEM, widest gap first
Sector	More in CGNGMore in FFEM	CGNG	FFEM
Technology	FFEM +7.3 points	36.8%	44.1%
Materials	CGNG +3.7 points	8.5%	4.8%
Financials	FFEM +3.6 points	15.7%	19.3%
Industrials	CGNG +3.3 points	10.5%	7.2%
Communication	CGNG +1.5 points	8.9%	7.4%
Utilities	CGNG +1.1 points	2.0%	1.0%
Consumer Staples	CGNG +0.9 points	2.5%	1.6%
Real Estate	CGNG +0.7 points	1.2%	0.5%
Energy	CGNG +0.6 points	2.6%	2.0%
Health Care	FFEM +0.5 points	4.0%	4.5%
Consumer Discretionary	FFEM +0.4 points	7.3%	7.7%

Country, concentration and asset class

Country by domicile

Country weights in CGNG and FFEM, widest gap first
Country	More in CGNGMore in FFEM	CGNG	FFEM
United States	CGNG +14.5 points	16.8%	2.3%
Taiwan	FFEM +12.5 points	15.1%	27.6%
China	FFEM +9.3 points	11.1%	20.4%
South Korea	FFEM +4.2 points	14.2%	18.4%
Japan	CGNG +3.7 points	3.7%	0.0%
United Kingdom	CGNG +3.2 points	3.2%	0.0%
South Africa	FFEM +2.8 points	3.4%	6.2%
Canada	CGNG +2.5 points	2.5%	0.0%
Other countries (23)	CGNG +4.9 points	29.9%	25.0%

Outside the US: CGNG 21% developed, 79% emerging. FFEM 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

CGNG31.2%
FFEM47.8%

Securities held

CGNG235
FFEM112

Asset class

CGNG: Equity
FFEM: Equity

Holdings

Only in CGNG194
In both41
Only in FFEM71

Only in CGNG

194 securities, 73.6% of CGNG by weight

Taiwan Semiconductor Sp Adr Adr11.48%
Microsoft Corp Common Stock USD.000006251.50%
NVIDIA Corp Common Stock USD.0011.44%
Broadcom Inc Common Stock1.41%
Mercadolibre Inc Common Stock USD.0011.26%
Banco Bilbao Vizcaya Argenta Common Stock EUR.491.13%
Grupo Mexico Sab De Cv Ser B Common Stock1.12%
Alibaba Group Holding Sp Adr Adr USD.0000251.11%
Alphabet Inc Class A Common Stock USD.0011.08%
Midea Group Co Ltd A Common Stock CNY1.01.04%
First Quantum Minerals Ltd Common Stock1.02%
Meta Platforms Inc Class A Common Stock USD.0000061.02%
Asml Holding NV Common Stock EUR.090.98%
Laurus Labs Ltd Common Stock INR2.00.80%
Airbus SE Common Stock EUR1.00.80%
Rolls Royce Holdings PLC Common Stock GBP.20.78%
Vale SA Sp Adr Adr0.78%
Petroleo Brasileiro Spon Adr Adr0.72%
Adani Ports and Special Econ Common Stock INR2.00.71%
Abu Dhabi Islamic Bank Common Stock AED1.00.70%
Mastercard Inc A Common Stock USD.00010.70%
Hitachi Ltd Common Stock0.68%
Standard Chartered PLC Common Stock USD.50.66%
Samsung Life Insurance Co Lt Common Stock KRW500.00.62%
Hana Financial Group Common Stock KRW5000.00.61%
Lodha Developers Ltd Common Stock INR10.00.58%
Apl Apollo Tubes Ltd Common Stock INR2.00.56%
Tokyo Electron Ltd Common Stock0.55%
Eli Lilly & Co Common Stock0.54%
Barrick Mining Corp Common Stock0.53%
Intl Container Term Svcs Inc Common Stock PHP1.00.49%
Gulf Development Pcl Foreign Foreign Sh. A0.48%
Unicredit Spa Common Stock0.48%
Alphabet Inc Class C Common Stock USD.0010.46%
Lenovo Group Ltd Common Stock0.45%
Picc Property & Casualty H Common Stock CNY1.00.45%
Copa Holdings SA Class A Common Stock0.44%
Techtronic Industries Co Ltd Common Stock0.44%
Abu Dhabi Commercial Bank Common Stock AED1.00.44%
Astrazeneca PLC Common Stock USD.250.43%
Arca Continental Sab De Cv Common Stock0.43%
Kla Corp Common Stock USD.0010.43%
Public Power Corp Common Stock EUR2.480.41%
Shinhan Financial Group Ltd Common Stock KRW5000.00.39%
Southern Copper Corp Common Stock USD.010.39%
Intel Corp Common Stock USD.0010.38%
Cloudflare Inc Class A Common Stock USD.0010.38%
Bae Systems PLC Common Stock GBP.0250.38%
Axis Bank Ltd Common Stock INR2.00.38%
Ryohin Keikaku Co Ltd Common Stock0.38%

Only in FFEM

71 securities, 55.1% of FFEM by weight

Taiwan Semiconductor Mfg Co Lt18.19%
China Construction Bank Corp H1.93%
Alibaba Group Holding Ltd1.78%
Hdfc Bank Ltd Spon Adr1.72%
Icici Bank Ltd Spons Adr1.51%
America Movil Sab De Cv Ser B1.31%
Ase Tech Holding Co Spon Adr1.19%
Prio SA1.11%
Zijin Mining Group Co Ltd H1.10%
Bank Central Asia0.92%
Hansoh Pharmacetical Group0.92%
China Life Ins Co Ltd H0.90%
Securities Lending Cf0.90%
Abu Dhabi Commercial Bank0.83%
Haier Smart Home Co Ltd0.77%
Richter Gedeon Nyrt0.77%
Sk Square Co Ltd0.75%
Adnoc Drilling Company Pjsc0.67%
Airtac International Group0.66%
Luxshare Precision Industry A0.61%
Coal India Ltd0.60%
Samsung Biologics Co Ltd0.58%
Bank of Chengdu Co Ltd A0.57%
Sasol Ltd0.56%
Shenzhen Inovance Tec Co Ltd A0.55%
Mmg Ltd0.53%
Aluminum Corp of China Ltd H0.52%
Ypf SA Class D Sponsored Adr0.52%
Grupo Financiero Banorte Sab D0.51%
Sabesp(Cia Saneam Basic)sp Adr0.50%
Bizlink Holding Inc0.47%
Fomento Economico Mexicano Sab0.47%
Unimicron Technology Corp0.46%
Genscript Biotech Corporation0.46%
Mahindra & Mahindra Ltd(Demat)0.45%
Eternal Ltd0.45%
Korea Aerospace Industries Ltd0.43%
Axia Energia Adr0.41%
Impala Platinum Holdings Ltd0.40%
Shoprite Hldgs Ltd0.40%
Hindustan Aeronautics Limited0.39%
Kweichow Moutai Co Ltd A0.37%
Prologis Property Mexico SA0.36%
Woori Financial Group Inc0.36%
Allegro.eu0.35%
Yageo Corp0.35%
Apr Corp/Korea0.33%
Apt Medical Inc0.33%
Sieyuan Electric Co Ltd A0.33%
Jk Cement Ltd0.32%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in CGNG and FFEM, widest gap first
Holding	More in CGNGMore in FFEM	CGNG	FFEM
Samsung Electronics Co Ltd Common Stock KRW100.0	FFEM +4.15 points	4.05%	8.20%
Tencent Holdings Ltd Common Stock HKD.00002	FFEM +2.78 points	1.47%	4.25%
Mediatek Inc Common Stock TWD10.0	FFEM +1.75 points	0.91%	2.66%
Credicorp Ltd Common Stock USD5.0	FFEM +1.34 points	0.18%	1.52%
Al Rajhi Bank Common Stock SAR10.0	FFEM +1.21 points	0.16%	1.37%
Sk Hynix Inc Common Stock KRW5000.0	FFEM +1.05 points	5.02%	6.07%
Wuxi Apptec Co Ltd H Common Stock CNY1.0	FFEM +0.86 points	0.12%	0.98%
Larsen & Toubro Ltd Common Stock INR2.0	FFEM +0.82 points	0.50%	1.32%
Byd Co Ltd H Common Stock CNY1.0	FFEM +0.79 points	0.16%	0.95%
Anglogold Ashanti PLC Common Stock	FFEM +0.74 points	0.06%	0.80%
Delta Electronics Inc Common Stock TWD10.0	FFEM +0.71 points	0.57%	1.28%
Eurobank SA Common Stock EUR.22	FFEM +0.69 points	0.30%	0.99%
Contemporary Amperex Techn A Common Stock CNY1.0	FFEM +0.67 points	0.70%	1.37%
Firstrand Ltd Common Stock ZAR.01	FFEM +0.64 points	0.23%	0.87%
Naspers Ltd N Shs Common Stock ZAR.02	FFEM +0.64 points	0.11%	0.75%
Mtn Group Ltd Common Stock ZAR.0001	CGNG +0.62 points	0.82%	0.20%
Pko Bank Polski SA Common Stock PLN1.0	FFEM +0.54 points	0.23%	0.77%
Walmart De Mexico Sab De Cv Common Stock	FFEM +0.49 points	0.11%	0.60%
Aselsan Elektronik Sanayi Common Stock TRY1.0	FFEM +0.43 points	0.29%	0.72%
Ememory Technology Inc Common Stock TWD10.0	FFEM +0.41 points	0.14%	0.55%
Banco Btg Pactual SA Unit Unit	FFEM +0.32 points	0.30%	0.62%
Otp Bank PLC Common Stock HUF100.0	FFEM +0.32 points	0.35%	0.67%
Bbb Foods Inc Class A Common StockTBBB	FFEM +0.28 points	0.27%	0.55%
Bharti Airtel Ltd Common Stock INR5.0	CGNG +0.27 points	1.30%	1.03%
Itau Unibanco H Spon Prf Adr AdrITUB	FFEM +0.24 points	0.29%	0.53%
Hanwha Aerospace Co Ltd Common Stock KRW5000.0	CGNG +0.25 points	0.33%	0.08%
Bajaj Finance Ltd Common Stock INR1.0	FFEM +0.24 points	0.40%	0.64%
Capitec Limited Common Stock ZAR.01	CGNG +0.19 points	0.69%	0.51%
Nu Holdings Ltd/Cayman Isl A Common Stock USD.000006667NU	FFEM +0.16 points	0.52%	0.68%
Kb Financial Group Inc Common Stock KRW5000.0	FFEM +0.15 points	0.47%	0.62%
Beone Medicines Ltd Adr Adr USD.0001ONC	CGNG +0.15 points	0.47%	0.32%
Localiza Rent A Car Common Stock	CGNG +0.14 points	0.23%	0.09%
H World Group Ltd Adr AdrHTHT	FFEM +0.13 points	0.30%	0.43%
Vibra Energia SA Common Stock	FFEM +0.13 points	0.16%	0.29%
Netease Inc Common Stock USD.0001	FFEM +0.10 points	0.40%	0.50%
Max Healthcare Institute Ltd Common Stock INR10.0	CGNG +0.09 points	0.45%	0.36%
The Saudi National Bank Common Stock SAR10.0	CGNG +0.07 points	0.19%	0.12%
Elite Material Co Ltd Common Stock TWD10.0	FFEM +0.05 points	0.56%	0.61%
National Bank of Greece Common Stock EUR3.0	CGNG +0.02 points	0.23%	0.21%
Innovent Biologics Inc Common Stock USD.00001	CGNG +0.02 points	0.23%	0.21%
Xiaomi Corp Class B Common Stock USD.0000025	FFEM +0.01 points	0.09%	0.10%

All 223 CGNG holdings⁠All 129 FFEM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGNG vs FFEM Cost

Overpaying CGNG vs FFEM

$721

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CGNG 0.64%
$12,538
FFEM 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

CGNG 0.64%
FFEM 0.60%
Overpaying

Year by year

Year	CGNG	FFEM	Overpaying
10	$1,145	$1,076	$69
20	$4,375	$4,116	$259
30	$12,538	$11,817	$721

Expense ratio

0.64%CGNG
0.60%FFEM, cheaper

FFEM0.60%CGNG0.64%

0.60%0.95%

Middle half of Emerging Markets Active Growth funds
Median 0.79%

FFEM cheapest of 9 funds

CGNG 2nd cheapest of 9 funds

CGNG vs FFEM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CGNG 0.65%; FFEM 1.71%, better
Payout (12M): CGNG $0.22; FFEM $0.64
Last payment: CGNG $0.22; FFEM $0.19
Ex-dividend: CGNG Dec 26, 2025; FFEM Sep 18, 2026
Paid on: CGNG Dec 29, 2025; FFEM Sep 22, 2026
Frequency: CGNG Annual; FFEM Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

CGNGAnnual · 2 paymentsAll CGNG payments⁠

FFEMQuarterly · 8 paymentsAll FFEM payments⁠

CGNG vs FFEM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CGNG 14.9%since Jul 2024FFEM 19.5%since Dec 2024
Return per unit of riskSharpe ratio, 3 years: CGNG 0.64since Jul 2024FFEM 1.10since Dec 2024
Worst fallMax drawdown, 5 years: CGNG −15.9%since Jun 2024FFEM −16.6%since Nov 2024
Market sensitivityBeta, 5 years: CGNG 0.85FFEM 1.02; Market = 1

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