Skip to content
etf.net

CGNG vs PEMX

Capital Group New Geography Equity ETF

CGNGANYSE Arca

Putnam Emerging Markets Ex-China ETF

PEMXCNYSE Arca

Overlap

Expense ratio

CGNG −0.06pt a year

CGNG0.64%PEMX0.70%

Avg volume · 30D

CGNG 418.9×the volume

CGNG592KPEMX1.41K

CGNG vs PEMX Performance

Oct 31, 2025 – Oct 30, 2026

+4.9%CGNG+23.2%PEMX

Oct 31, 2025 to Oct 30, 2026. CGNG +4.9%. PEMX +23.2%. Use the arrow keys to read each point.30%40%50%Oct 2025Apr 2026Oct 2026
Expense ratio
CGNG 0.64%, better
PEMX 0.70%
Fund size
CGNG $3.15B
PEMX $30M
1Y total return
CGNG +4.9%
PEMX +23.2%, better
Yield (12M)
CGNG 0.65%
PEMX 5.83%, better
Holdings
CGNG 244
PEMX 55
Avg volume (30D)
CGNG 592K sh, better
PEMX 1.41K sh
NAV per share
CGNG $36.47
PEMX $78.33
52W range

ETF.net Grade

CGNG: Cost 78, Risk 65, Mission not scored, Tradability 84, Holdings 81, Durability 80. PEMX: Cost 58, Risk 52, Mission 100, Tradability 19, Holdings 43, Durability 63.
Pillar letters and Scores for CGNG, PEMX, with each pillar’s weight
PillarCGNGPEMX
Cost30% weightA78HigherB58
Mission25% weightNot scoredA100
Risk15% weightB65HigherC52
Tradability15% weightA84HigherF19
Holdings10% weightA81HigherC43
Durability5% weightA80HigherB63

Rank among Emerging Markets Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CGNG and PEMX 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 PEMX 4th of 9 funds in the Emerging Markets Active Growth Category.

  1. Rank 1ACGNGCapital Group New Geography Equity ETFScore 77
  2. Rank 2AFFEMFidelity Fundamental Emerging Markets ETFScore 74
  3. Rank 3CEMMGlobal X Emerging Markets ex-China ETFScore 53
  4. Rank 4CPEMXPutnam Emerging Markets Ex-China ETFScore 47
  5. Rank 5CBCEMBaron Emerging Markets Select ETFScore 41

Our read on each fund

ETF.net Research

CGNGACapital Group New Geography Equity ETF

PEMXCPutnam Emerging Markets Ex-China 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.

PEMX China swamps most emerging-market funds. PEMX cuts it out entirely and runs an active, roughly 60-stock book across the rest of the developing world, priced well below the typical active EM manager.

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.

PEMX The fund seeks long-term capital appreciation. It invests primarily in emerging-market common stocks outside China and Hong Kong, using active fundamental research to identify companies with favorable investment potential.

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.
  • PEMX 0.70% a year against a 0.95% median for its active peer group. Cheap freight for a stock-picking mandate.
  • About 60 names, not 600. Concentrated enough that the managers' calls actually show up in the portfolio.
  • Does what the label says: an ex-China portfolio measured against the MSCI Emerging Markets ex-China Index, with no China drift in the holdings.franklintempleton.com
  • Trading since 2023 under Franklin Templeton, and it sits in the upper half of the small group of active EM ex-China funds we track.

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.
  • PEMX Not the cheapest door into ex-China: Global X's EMM charges 0.66%.
  • Small and thinly traded. Spreads can widen, so limit orders do the heavy lifting.
  • Zero China by design, so results diverge from a broad EM fund and any China sleeve has to come from somewhere else.franklintempleton.com

Full CGNG profile⁠

Full PEMX profile⁠

CGNG vs PEMX 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 PEMX Cost

Overpaying PEMX vs CGNG

$1,068

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

  • CGNG 0.64%

    $12,538

  • PEMX 0.70%

    $13,606

$10,000
30 years

Cost over time

  • CGNG 0.64%
  • PEMX 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PEMX $13,606CGNG $12,538

Year by year

YearCGNGPEMXOverpaying
10$1,145$1,250$105
20$4,375$4,760$385
30$12,538$13,606$1,068

Expense ratio

  • 0.64%CGNG, cheaper
  • 0.70%PEMX
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

CGNG 2nd cheapest of 9 funds

PEMX 4th cheapest of 9 funds

CGNG vs PEMX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CGNG 0.65%
PEMX 5.83%, better
Payout (12M)
CGNG $0.22
PEMX $4.50
Last payment
CGNG $0.22
PEMX $4.50
Ex-dividend
CGNG Dec 26, 2025
PEMX Dec 19, 2025
Paid on
CGNG Dec 29, 2025
PEMX Dec 23, 2025
Frequency
CGNG Annual
PEMX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

CGNGAnnual · 2 paymentsAll CGNG payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 26, 2024 $0.07; Dec 26, 2025 $0.22. Use the arrow keys to read each point.$0$520232026YTD
PEMXAnnual · 3 paymentsAll PEMX payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.33; Dec 27, 2024 $2.57; Dec 19, 2025 $4.50. Use the arrow keys to read each point.$0$520232026YTD

CGNG vs PEMX 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 2024PEMX 19.8%
Return per unit of riskSharpe ratio, 3 years
CGNG 0.64since Jul 2024PEMX 1.21
Worst fallMax drawdown, 5 years
CGNG −15.9%since Jun 2024PEMX −19.0%since May 2023
Market sensitivityBeta, 5 years
CGNG 0.85PEMX 1.18

Popular comparisons

  • CGNGAvsFFEMA

    Capital Group New Geography Equity ETF · Fidelity Fundamental Emerging Markets ETF

    Expense ratio
    0.64% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PEMXCvsFFEMA

    Putnam Emerging Markets Ex-China ETF · Fidelity Fundamental Emerging Markets ETF

    Expense ratio
    0.70% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CGNGAvsEMMC

    Capital Group New Geography Equity ETF · Global X Emerging Markets ex-China ETF

    Expense ratio
    0.64% · 0.66%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PEMXCvsEMMC

    Putnam Emerging Markets Ex-China ETF · Global X Emerging Markets ex-China ETF

    Expense ratio
    0.70% · 0.66%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CGNGAvsBCEMC

    Capital Group New Geography Equity ETF · Baron Emerging Markets Select ETF

    Expense ratio
    0.64% · 0.80%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PEMXCvsBCEMC

    Putnam Emerging Markets Ex-China ETF · Baron Emerging Markets Select ETF

    Expense ratio
    0.70% · 0.80%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.