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Relative Intelligence · US Dividend Equity

How Capital Group Dividend Value ETF (CGDV) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on CGDV alone. It places CGDV (Capital Group Dividend Value ETF) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where CGDV stands in the market, and of the alternatives worth a closer look.

Period covered: CGDV's full trading record, from February 2022 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against CGDV →Chart CGDV vs. 24 alternatives →
On this page12 sections

Key findings

How much would $10,000 in CGDV have grown?

This chart tracks a hypothetical $10,000 investment in CGDV over the past 4 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of CGDV over the same span and CGDV's popular alternatives, among those that traded for the entire period. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: CGDV began trading on February 24, 2022, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or six other sell-offs. It covers the most recent 4 years of CGDV's record, starting at the end of September 2022.

From the end of September 2022 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 738 of the 3,774 stocks and funds worth at least $500 million that traded the whole period ended ahead of CGDV; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,00020222023202420252026$10,000$20,000$50,000$100,00020222023202420252026
  • NVDA$188,900+1,789% total · +108% a year
  • TSM$69,947+599% total · +62.6% a year
  • GOOG$35,776+258% total · +37.5% a year
  • WCCB$27,989+180% total · +29.3% a year
  • TDIV$27,664+177% total · +29.0% a year
  • CGDV$25,482+155% total · +26.3% a year
  • SPY (S&P 500)$22,487+125% total · +22.5% a year
  • IWD$19,657+96.6% total · +18.4% a year
  • VTV$19,218+92.2% total · +17.7% a year
  • HDV$17,629+76.3% total · +15.2% a year
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CGDV at a glance

This section summarizes the key facts about the fund, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: CGDV began trading on February 24, 2022, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or six other sell-offs.

The fund

Issuer
Capital Group
Began trading
February 2022
Expense ratio
0.33%per year
Assets
$39B
Category
Dividend & Income

Returns

Past 1 year
+18.2%total return
Past 3 years
+97.2%+25.4% a year
Best calendar year
+28.8%2023
Worst calendar year
+20.1%2024
Losing years
0 of 3full calendar years

Risk

Volatility
13.7%typical yearly swing, 3 years
Sharpe ratio
1.73return per unit of risk, 3 years
Worst decline ever
−21.8%Mar 2022 to Sep 2022
From its all-time high
−4.1%below the peak

CGDV against the whole market

Where CGDV ranks among every stock and fund, and what across the market has done better.

How does CGDV rank among all ETFs?

This section ranks CGDV on return, volatility, risk-adjusted return and worst decline against every ETF worth at least $100 million with enough history. Where the comparisons with its popular alternatives show how CGDV stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed ETFs with at least $100M in assets that have enough history for each measure, so the count changes from row to row; smaller ETFs and leveraged funds are left out. Lower volatility and smaller declines rank higher.

MeasureCGDVRankStanding
1-year return+18.2%539 of 2,485top 22%
3-year return+97.2%252 of 1,949top 13%
Volatility, 3 years13.7%829 of 1,949top 43%
Sharpe ratio, 3 years1.73255 of 1,949top 13%

What has beaten CGDV on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 3 years (higher is better) and how much its price swung, its volatility (further left is calmer). CGDV sits where the dashed lines cross. Anything in the green box above and to the left earned more than CGDV with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 3 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to CGDV. 3,928 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

13.0%14.0%15.0%16.0%22.0%24.0%26.0%28.0%30.0%32.0%34.0%36.0%38.0%40.0%Volatility over 3 years (annualized)Annual return over 3 yearsMore return, less volatility than CGDVCGDV: +25.4% a year, volatility 13.7%SPY (S&P 500): +23.7% a year, volatility 15.2%CLSE: +29.1% a year, volatility 13.8%WCCB: +37.6% a year, volatility 13.8%JIVE: +29.0% a year, volatility 14.9%SEIV: +28.9% a year, volatility 14.7%CGDVSPY (S&P 500)CLSEWCCBJIVESEIV13.0%14.0%15.0%16.0%20.0%25.0%30.0%35.0%40.0%Volatility over 3 years (annualized)Annual return over 3 yearsMore return, less volatility than CGDVCGDV: +25.4% a year, volatility 13.7%SPY (S&P 500): +23.7% a year, volatility 15.2%CLSE: +29.1% a year, volatility 13.8%WCCB: +37.6% a year, volatility 13.8%JIVE: +29.0% a year, volatility 14.9%SEIV: +28.9% a year, volatility 14.7%CGDVSPY (S&P 500)CLSEWCCBJIVESEIV
  • The whole market

Is there a better investment than CGDV?

Investments that beat CGDV over the past 3 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat CGDV over the past 3 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes, and, for funds, the same exposure at a lower expense ratio. It checks CGDV's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 3 years; the worst decline covers the past 10 years. Green marks a better figure than CGDV's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× CGDV's volatility counts as better.

These figures cover the past 3 years. Green marks a better figure than CGDV's.

Screen the whole market against CGDV for any period in BetterThanSPYOpen these 5 in EasyCompare
InvestmentWhy it is betterPast 3 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years3Y returntotalCorr. with CGDV?lower diversifies moreExpenseper year
CGDVCapital Group Dividend Value ETF · this page
+25.4%13.7%1.73−21.8%+97.2%1.000.33%
SPYState Street SPDR S&P 500 ETF · S&P 500
+23.7%15.2%1.48−33.7%+89.3%0.870.09%
The whole marketbest 4 shownEvery other stock and fund worth at least $500 million. 4 of 3,877 passed at least one test.
CLSEConvergence Long/Short Equity ETF · Broad Market
On the frontierHigher return, similar volatilityHigher Sharpe, smaller worst decline+29.1%13.8%1.93−16.4%+115%0.621.52%
WCCBWest Coast Community Bancorp · Banks - Regional
On the frontierHigher return, similar volatility+37.6%13.8%2.39−70.8%+161%0.19—
JIVEJPMorgan International Value ETF · International
Higher return, similar volatility+29.0%14.9%1.80−13.8%+115%0.690.55%
SEIVSEI QiM U.S. Large Cap Value Active ETF · Broad Market
Higher return, similar volatility+28.9%14.7%1.81−18.2%+114%0.870.15%
What these numbers mean for CGDV
Annual return
CGDV returned 25.4% a year over the past 3 years with dividends reinvested, against 23.7% a year for the S&P 500. At that pace, $10,000 became about $19,700. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
CGDV's volatility over the past 3 years was 13.7%, 90% of the S&P 500's 15.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CGDV's return lands within 13.7% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
CGDV's Sharpe ratio over the past 3 years was 1.73, against 1.48 for the S&P 500, so CGDV earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
CGDV's worst fall from a peak to a low over the past 10 years was 21.8%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 21.8% fall takes a 27.9% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 3 years, CGDV's monthly returns had a correlation of 0.87 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They move almost in lockstep, so holding both adds little diversification. In the table, the correlation column measures each option against CGDV instead: the lower it is, the more that option would diversify a CGDV holding. Guide: Correlation and diversification →

CGDV against its popular alternatives

The investments people most often weigh against CGDV, compared period by period and year by year.

How do CGDV's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 3 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at CGDV, which divides the map into what did better or worse on each measure.

Green points earned more than CGDV with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

8.0%10.0%12.0%14.0%16.0%18.0%20.0%22.0%10.0%12.5%15.0%17.5%20.0%22.5%25.0%27.5%30.0%Volatility over 3 years (annualized)Annual return over 3 yearsHigher return, lower volatilityLower return, higher volatilityCGDV: 25.4% a year, volatility 13.7%SPY (S&P 500): 23.7% a year, volatility 15.2%TCAF: 21.4% a year, volatility 14.0%QUAL: 20.9% a year, volatility 14.4%DFAU: 23.1% a year, volatility 15.1%RDVY: 23.4% a year, volatility 16.5%SPYD: 17.4% a year, volatility 14.1%TDIV: 29.5% a year, volatility 20.8%IWD: 22.6% a year, volatility 13.0%VTV: 21.2% a year, volatility 12.2%HDV: 19.8% a year, volatility 11.6%SCHD: 18.8% a year, volatility 13.2%DGRO: 20.3% a year, volatility 11.7%DHS: 19.4% a year, volatility 12.5%SDY: 14.7% a year, volatility 12.2%VYM: 20.0% a year, volatility 12.4%DVY: 19.3% a year, volatility 13.7%VIG: 18.6% a year, volatility 12.2%DGRW: 18.2% a year, volatility 12.6%DIVO: 17.8% a year, volatility 10.8%NOBL: 12.7% a year, volatility 12.8%JEPI: 11.4% a year, volatility 10.0%CGDG: 18.3% a year, volatility 11.8%FVD: 13.3% a year, volatility 11.3%FDVV: 21.3% a year, volatility 12.5%CGDVSPY (S&P 500)TCAFDFAUSPYDTDIVIWDVTVHDVSCHDDGRODHSSDYVIGDIVONOBLJEPIFVD7.5%10.0%12.5%15.0%17.5%20.0%22.5%10.0%15.0%20.0%25.0%30.0%Volatility over 3 years (annualized)Annual return over 3 yearsHigher return, lower volatilityLower return, higher volatilityCGDV: 25.4% a year, volatility 13.7%SPY (S&P 500): 23.7% a year, volatility 15.2%TCAF: 21.4% a year, volatility 14.0%QUAL: 20.9% a year, volatility 14.4%DFAU: 23.1% a year, volatility 15.1%RDVY: 23.4% a year, volatility 16.5%SPYD: 17.4% a year, volatility 14.1%TDIV: 29.5% a year, volatility 20.8%IWD: 22.6% a year, volatility 13.0%VTV: 21.2% a year, volatility 12.2%HDV: 19.8% a year, volatility 11.6%SCHD: 18.8% a year, volatility 13.2%DGRO: 20.3% a year, volatility 11.7%DHS: 19.4% a year, volatility 12.5%SDY: 14.7% a year, volatility 12.2%VYM: 20.0% a year, volatility 12.4%DVY: 19.3% a year, volatility 13.7%VIG: 18.6% a year, volatility 12.2%DGRW: 18.2% a year, volatility 12.6%DIVO: 17.8% a year, volatility 10.8%NOBL: 12.7% a year, volatility 12.8%JEPI: 11.4% a year, volatility 10.0%CGDG: 18.3% a year, volatility 11.8%FVD: 13.3% a year, volatility 11.3%FDVV: 21.3% a year, volatility 12.5%CGDVSPY (S&P 500)TCAFQUALDFAUSPYDTDIVIWDVTVHDVSCHDSDYVIGDIVONOBLJEPICGDGFVD
All figures
InvestmentAnnual returnVolatility
TDIV First Trust NASDAQ Technology Dividend Index Fund+29.5%20.8%
CGDV This pageCapital Group Dividend Value ETF+25.4%13.7%
SPY S&P 500State Street SPDR S&P 500 ETF+23.7%15.2%
RDVY First Trust Rising Dividend Achievers ETF+23.4%16.5%
DFAU Dimensional - US Core Equity Market ETF+23.1%15.1%
IWD iShares Russell 1000 Value ETF+22.6%13.0%
TCAF T. Rowe Capital Appreciation Equity ETF+21.4%14.0%
FDVV Fidelity High Dividend ETF+21.3%12.5%
VTV Vanguard Morningstar Value ETF+21.2%12.2%
QUAL iShares MSCI USA Quality Factor ETF+20.9%14.4%
DGRO iShares Core Dividend Growth ETF+20.3%11.7%
VYM Vanguard High Dividend Yield ETF+20.0%12.4%
HDV iShares Core High Dividend ETF+19.8%11.6%
DHS WisdomTree U.S. High Dividend Fund+19.4%12.5%
DVY iShares Select Dividend ETF+19.3%13.7%
SCHD Schwab U.S. Dividend Equity ETF+18.8%13.2%
VIG Vanguard Dividend Appreciation ETF+18.6%12.2%
CGDG Capital Group Dividend Growers ETF+18.3%11.8%
DGRW WisdomTree U.S. Quality Dividend Growth Fund+18.2%12.6%
DIVO Amplify CWP Enhanced Dividend Income ETF+17.8%10.8%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF+17.4%14.1%
SDY State Street SPDR S&P Dividend ETF+14.7%12.2%
FVD First Trust Value Line Dividend Index Fund+13.3%11.3%
NOBL ProShares - S&P 500 Dividend Aristocrats ETF+12.7%12.8%
JEPI JPMorgan Equity Premium Income ETF+11.4%10.0%
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Has CGDV consistently beaten its popular alternatives?

This section compares CGDV with the investments people most often weigh against it, checking each one over six periods from one month to three years. Counting how often an alternative earned more than CGDV helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than CGDV over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 1 of 1 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 3 yearsFund
1M3M6MYTD1Y3YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
CGDV Capital Group Dividend Value ETF (this page)—−0.8%+1.4%+7.7%+12.8%+18.2%+97.2%13.7%1.73−21.8%0.33%$39B—
TDIV QualifiedFirst Trust NASDAQ Technology Dividend Index Fund3/5 short1/1 long−1.7%+5.3%+8.6%+17.7%+15.2%+117%20.8%1.36−32.0%0.50%$4.4B52%
IWD Broad MarketiShares Russell 1000 Value ETF5/5 short0/1 long+1.7%+4.7%+14.2%+22.7%+27.7%+84.4%13.0%1.65−38.5%0.18%$84B69%
VTV Broad MarketVanguard Morningstar Value ETF5/5 short0/1 long+1.6%+4.0%+11.0%+18.2%+22.5%+77.9%12.2%1.65−36.8%0.03%$252B60%
HDV Dividend & IncomeiShares Core High Dividend ETF5/5 short0/1 long+5.7%+7.5%+14.6%+25.9%+26.8%+71.8%11.6%1.62−37.0%0.08%$16B40%
SCHD Dividend & IncomeSchwab U.S. Dividend Equity ETF5/5 short0/1 long+3.7%+6.8%+13.6%+28.2%+33.0%+67.5%13.2%1.38−33.4%0.06%$115B58%
TCAF Broad MarketT. Rowe Capital Appreciation Equity ETF4/5 short0/1 long+1.2%+5.8%+11.5%+14.0%+13.7%+78.8%14.0%1.47−16.4%0.31%$8.8B78%
QUAL Broad MarketiShares MSCI USA Quality Factor ETF4/5 short0/1 long+1.2%+4.3%+9.7%+14.0%+16.4%+76.9%14.4%1.40−34.1%0.15%$48B89%
DGRO Dividend & IncomeiShares Core Dividend Growth ETF4/5 short0/1 long+2.8%+3.9%+9.4%+15.1%+18.1%+74.2%11.7%1.65−35.1%0.08%$44B61%
SPY Broad MarketState Street SPDR S&P 500 ETF3/5 short0/1 long−0.6%+3.9%+9.1%+13.5%+15.8%+89.3%15.2%1.48−33.7%0.09%$823B89%
DFAU Broad MarketDimensional - US Core Equity Market ETF3/5 short0/1 long−0.5%+3.3%+8.4%+13.5%+16.2%+86.3%15.1%1.46−23.6%0.12%$13B87%
DHS Dividend & IncomeWisdomTree U.S. High Dividend Fund3/5 short0/1 long+1.9%+1.8%+7.5%+16.9%+19.9%+70.3%12.5%1.49−37.4%0.38%$1.6B50%
SDY Dividend & IncomeState Street SPDR S&P Dividend ETF3/5 short0/1 long+4.2%+2.0%+6.0%+13.6%+14.3%+51.0%12.2%1.20−36.7%0.35%$21B57%
RDVY Dividend & IncomeFirst Trust Rising Dividend Achievers ETF2/5 short0/1 long−0.4%0.0%+7.3%+14.2%+20.0%+87.7%16.5%1.36−40.6%0.47%$25B65%
VYM Dividend & IncomeVanguard High Dividend Yield ETF2/5 short0/1 long+1.1%+1.7%+5.1%+13.3%+16.9%+72.8%12.4%1.54−35.2%0.04%$96B65%
DVY Dividend & IncomeiShares Select Dividend ETF2/5 short0/1 long+1.5%0.0%+5.7%+14.5%+16.9%+69.9%13.7%1.37−41.6%0.38%$23B42%
VIG Dividend & IncomeVanguard Dividend Appreciation ETF2/5 short0/1 long+2.4%+3.4%+7.8%+11.5%+13.7%+67.0%12.2%1.47−31.7%0.04%$128B68%
DGRW Dividend & IncomeWisdomTree U.S. Quality Dividend Growth Fund2/5 short0/1 long+0.6%+4.3%+6.5%+11.7%+12.8%+65.2%12.6%1.40−32.0%0.28%$17B89%
DIVO Dividend & IncomeAmplify CWP Enhanced Dividend Income ETF2/5 short0/1 long+1.4%+5.1%+6.3%+11.4%+14.6%+63.4%10.8%1.58−30.0%0.56%$8.0B69%
NOBL Dividend & IncomeProShares - S&P 500 Dividend Aristocrats ETF2/5 short0/1 long+4.1%+2.2%+6.6%+11.8%+14.1%+43.3%12.8%1.00−35.4%0.35%$12B50%
JEPI Dividend & IncomeJPMorgan Equity Premium Income ETF2/5 short0/1 long+1.9%+3.7%+3.4%+6.2%+8.7%+38.1%10.0%1.14−13.7%0.35%$46B67%
CGDG Dividend & IncomeCapital Group Dividend Growers ETF1/5 short0/1 long+0.2%+1.0%+3.0%+7.3%+10.6%+65.4%11.8%1.49−10.5%0.47%$5.8B64%
SPYD Dividend & IncomeState Street SPDR Portfolio S&P 500 High Dividend ETF1/5 short0/1 long+1.3%−2.2%+4.6%+12.8%+14.1%+61.6%14.1%1.21−46.4%0.07%$7.3B48%
FVD Dividend & IncomeFirst Trust Value Line Dividend Index Fund1/5 short0/1 long+2.9%+1.0%+3.7%+9.2%+10.2%+45.3%11.3%1.17−35.3%0.62%$7.9B51%
FDVV Dividend & IncomeFidelity High Dividend ETF0/5 short0/1 long−1.1%+0.7%+6.0%+10.8%+13.7%+78.5%12.5%1.62−40.2%0.15%$10B62%
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How did CGDV do year by year?

This table shows each investment's total return in every full calendar year since 2023, along with where CGDV ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with CGDV and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: CGDV began trading on February 24, 2022, so the table starts with 2023, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or six other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of CGDV; gray means the two finished within a fraction of a point. The rank row places CGDV among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of CGDV202520242023
CGDV This pageCapital Group Dividend Value ETF—+25.5%+20.1%+28.8%
Rank among alternativesTop quarter in 3 of 31 of 246 of 243 of 22
SPY S&P 500State Street SPDR S&P 500 ETF1 of 3+17.7%+24.9%+26.2%
TDIV First Trust NASDAQ Technology Dividend Index Fund2 of 3+25.3%+24.4%+36.7%
IWD iShares Russell 1000 Value ETF0 of 3+15.7%+14.2%+11.3%
VTV Vanguard Morningstar Value ETF0 of 3+15.3%+16.0%+9.3%
HDV iShares Core High Dividend ETF0 of 3+11.9%+14.1%+1.8%
SCHD Schwab U.S. Dividend Equity ETF0 of 3+4.3%+11.7%+4.5%
TCAF T. Rowe Capital Appreciation Equity ETF1 of 2+15.4%+20.9%—
QUAL iShares MSCI USA Quality Factor ETF2 of 3+12.7%+22.3%+30.9%
DGRO iShares Core Dividend Growth ETF0 of 3+15.7%+16.6%+10.5%
DFAU Dimensional - US Core Equity Market ETF1 of 3+16.8%+23.2%+24.8%
DHS WisdomTree U.S. High Dividend Fund0 of 3+12.9%+17.5%−0.2%
SDY State Street SPDR S&P Dividend ETF0 of 3+8.2%+8.4%+2.6%
RDVY First Trust Rising Dividend Achievers ETF0 of 3+18.9%+16.4%+20.4%
VYM Vanguard High Dividend Yield ETF0 of 3+15.4%+17.6%+6.6%
DVY iShares Select Dividend ETF0 of 3+11.6%+16.2%+1.1%
VIG Vanguard Dividend Appreciation ETF0 of 3+14.2%+17.0%+14.5%
DGRW WisdomTree U.S. Quality Dividend Growth Fund0 of 3+12.2%+16.8%+18.7%
DIVO Amplify CWP Enhanced Dividend Income ETF0 of 3+17.4%+16.2%+7.0%
NOBL ProShares - S&P 500 Dividend Aristocrats ETF0 of 3+6.8%+6.7%+8.1%
JEPI JPMorgan Equity Premium Income ETF0 of 3+8.1%+12.6%+9.8%
CGDG Capital Group Dividend Growers ETF0 of 2+22.8%+11.5%—
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF0 of 3+4.7%+15.3%+3.9%
FVD First Trust Value Line Dividend Index Fund0 of 3+8.2%+10.0%+4.1%
FDVV Fidelity High Dividend ETF1 of 3+17.1%+21.8%+18.0%
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Risk and diversification

How CGDV has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were CGDV's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents CGDV's five deepest drawdowns since it began trading in 2022, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: CGDV began trading on February 24, 2022, so this list cannot include the dot-com bust, the 2008 financial crisis or six other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means CGDV fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringCGDV fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2022 bear market−21.8%−22.0%Mar 2022Sep 20226 monthsJun 20239 months
No named crash−14.3%−18.3%Feb 2025Apr 20252 monthsMay 20251 month
No named crash−9.8%−8.6%Feb 2026Mar 20261 monthApr 20261 month
No named crash−9.0%−10.0%Jul 2023Oct 20233 monthsNov 20231 month
No named crash−5.6%−3.1%Aug 2026Sep 20261 monthNot yet—

How did CGDV do in stock market crashes?

This section measures how far CGDV, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: CGDV began trading on February 24, 2022, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or seven other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than CGDV.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
CGDV This pageCapital Group Dividend Value ETF—−2.6%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF0 of 1−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
TDIV First Trust NASDAQ Technology Dividend Index Fund0 of 1−2.4%−32.0%−30.6%−18.5%−6.3%−14.7%————
IWD iShares Russell 1000 Value ETF0 of 1−4.6%−19.0%−38.4%−18.0%−6.4%−14.3%−19.5%−1.6%−59.9%—
VTV Vanguard Morningstar Value ETF0 of 1−4.0%−17.0%−36.4%−17.3%−6.5%−11.6%−18.8%−1.1%−59.2%—
HDV iShares Core High Dividend ETF0 of 1−2.2%−15.4%−35.3%−12.9%−6.8%−9.8%−10.9%———
SCHD Schwab U.S. Dividend Equity ETF0 of 1−4.5%−16.9%−32.8%−17.1%−6.5%−10.5%————
QUAL iShares MSCI USA Quality Factor ETF0 of 1−3.3%−27.5%−34.1%−20.5%−6.1%−11.2%————
DGRO iShares Core Dividend Growth ETF0 of 1−3.4%−19.3%−34.8%−16.7%−6.3%−10.6%————
DFAU Dimensional - US Core Equity Market ETF0 of 1−4.2%−23.6%————————
DHS WisdomTree U.S. High Dividend Fund0 of 1−5.0%−15.3%−37.0%−14.2%−6.1%−10.3%−12.8%−1.2%−67.2%—
SDY State Street SPDR S&P Dividend ETF0 of 1−3.7%−15.2%−36.6%−14.2%−5.3%−10.0%−14.8%−1.6%−52.8%—
RDVY First Trust Rising Dividend Achievers ETF0 of 1−6.8%−25.3%−40.4%−21.9%−5.8%−18.6%————
VYM Vanguard High Dividend Yield ETF0 of 1−3.9%−15.8%−34.6%−16.1%−6.3%−10.9%−14.3%−1.1%−57.0%—
DVY iShares Select Dividend ETF0 of 1−5.4%−17.3%−41.0%−15.3%−5.7%−9.1%−14.5%−1.4%−61.1%—
VIG Vanguard Dividend Appreciation ETF0 of 1−3.1%−20.4%−31.6%−17.3%−6.3%−10.1%−15.6%−1.4%−46.8%—
DGRW WisdomTree U.S. Quality Dividend Growth Fund0 of 1−3.2%−17.3%−31.9%−18.6%−6.6%−11.8%————
DIVO Amplify CWP Enhanced Dividend Income ETF0 of 1−2.6%−13.7%−29.7%−15.1%−5.4%—————
NOBL ProShares - S&P 500 Dividend Aristocrats ETF0 of 1−3.0%−17.9%−35.1%−15.3%−5.8%−9.8%————
JEPI JPMorgan Equity Premium Income ETF0 of 1−2.6%−13.7%————————
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF0 of 1−6.6%−20.3%−46.1%−13.4%−5.4%—————
FVD First Trust Value Line Dividend Index Fund0 of 1−2.7%−16.4%−35.1%−12.9%−5.2%−9.1%−14.2%−1.4%−49.9%—
FDVV Fidelity High Dividend ETF0 of 1−3.5%−20.2%−40.2%−15.0%−5.6%—————
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How closely does CGDV move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares CGDV with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 3 years.

Monthly total returns over the past 3 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than CGDV's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
CGDV This pageCapital Group Dividend Value ETF99%80%1.240.84
CGDG Capital Group Dividend Growers ETF65%41%1.590.50
HDV iShares Core High Dividend ETF65%47%1.380.28
DHS WisdomTree U.S. High Dividend Fund73%66%1.100.45
QUAL iShares MSCI USA Quality Factor ETF90%90%1.000.90
VTV Vanguard Morningstar Value ETF84%87%0.980.68
FDVV Fidelity High Dividend ETF89%91%0.980.76
TDIV First Trust NASDAQ Technology Dividend Index Fund126%134%0.941.38
DIVO Amplify CWP Enhanced Dividend Income ETF75%81%0.930.54
TCAF T. Rowe Capital Appreciation Equity ETF92%99%0.920.94
DGRO iShares Core Dividend Growth ETF82%89%0.920.66
IWD iShares Russell 1000 Value ETF92%102%0.910.79
DFAU Dimensional - US Core Equity Market ETF100%110%0.911.01
DVY iShares Select Dividend ETF76%84%0.910.54
VYM Vanguard High Dividend Yield ETF83%92%0.900.68
RDVY First Trust Rising Dividend Achievers ETF98%111%0.890.94
VIG Vanguard Dividend Appreciation ETF79%91%0.870.74
JEPI JPMorgan Equity Premium Income ETF50%61%0.820.43
DGRW WisdomTree U.S. Quality Dividend Growth Fund84%103%0.810.81
SCHD Schwab U.S. Dividend Equity ETF80%105%0.760.56
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF75%103%0.730.60
FVD First Trust Value Line Dividend Index Fund56%78%0.720.45
SDY State Street SPDR S&P Dividend ETF63%93%0.680.54
NOBL ProShares - S&P 500 Dividend Aristocrats ETF62%111%0.560.56
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What diversifies CGDV?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with CGDV's. Because such investments tend not to fall at the same time, pairing CGDV with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 3 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The last two columns show a portfolio that is 80% CGDV and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation3Y returnSharpe80/20 mix volatility80/20 mix annual return
CGDV Capital Group Dividend Value ETF (this page)1.00+97.2%1.7312.1%+24.5%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.49+92.3%2.1210.5%+24.1%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.46+80.4%1.6011.1%+23.6%
EFAV InternationaliShares MSCI EAFE Min Vol Factor ETF0.42+64.8%1.6010.7%+22.8%
EWS Broad MarketiShares MSCI Singapore ETF0.46+105%1.5310.9%+25.2%
SHLD IndustrialsGlobal X - Defense Tech ETF0.22+147%1.5211.4%+27.2%
GCOW InternationalPacer Global Cash Cows Dividend ETF0.45+67.4%1.5110.9%+22.9%
HGER CommoditiesHarbor Commodity All-Weather Strategy ETF (HGER)-0.15+85.0%1.469.6%+24.4%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.24+127%1.4610.5%+25.8%

Stocks

InvestmentCorrelation3Y returnSharpe80/20 mix volatility80/20 mix annual return
CGDV Capital Group Dividend Value ETF (this page)1.00+97.2%1.7312.1%+24.5%
TIGO Telecommunications ServicesMillicom International Cellular S.A.0.21+540%1.9912.0%+36.2%
CIB Banks - RegionalGrupo Cibest S.A.0.18+398%1.9512.4%+32.9%
NTRA Medical - Diagnostics & ResearchNatera, Inc.0.33+896%1.9116.2%+40.8%
WELL REIT - Healthcare FacilitiesWelltower Inc.0.42+201%1.8611.9%+28.5%
LITE Communication EquipmentLumentum Holdings Inc.0.32+2,029%1.7419.5%+50.8%
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Common questions

What was CGDV's worst drawdown?

CGDV's deepest decline since it began trading in 2022 was 21.8%, from March to September 2022. It took nine months from the low to climb back to its old high. Because CGDV launched in February 2022, that record does not include the dot-com bust, the 2008 financial crisis or six other sell-offs.

What were CGDV's best and worst years?

Over three full calendar years, CGDV's best year was 2023, when it returned 28.8%. Its worst was 2024, with a return of +20.1%.

Is there a better investment than CGDV?

Nothing in the whole market did better on both counts: none of the 3,928 stocks and funds worth at least $500 million earned more than CGDV with less volatility over the past 3 years.

Is CGDV more volatile than the S&P 500?

No. CGDV's volatility over the past 3 years was 13.7%, 90% of the S&P 500's 15.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CGDV's return lands within 13.7% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is CGDV's Sharpe ratio?

CGDV's Sharpe ratio over the past 3 years was 1.73, against 1.48 for the S&P 500, so CGDV earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is CGDV with the S&P 500?

Over the past 3 years, CGDV's monthly returns had a correlation of 0.87 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They move almost in lockstep, so holding both adds little diversification. In the table, the correlation column measures each option against CGDV instead: the lower it is, the more that option would diversify a CGDV holding.

What are the best alternatives to CGDV?

Of the 24 popular alternatives we compared, one outperformed CGDV in at least 3 of 5 short-term and 1 of 1 long-term timeframes, with dividends reinvested: TDIV.

Did CGDV outperform the S&P 500?

CGDV finished ahead of the S&P 500 (SPY) in two of three full calendar years. In 2025, it returned +25.5%, against +17.7% for the index.

What diversifies CGDV?

These had a low correlation with CGDV over the past 3 years and still earned a positive 3-year return: among large ETFs, LVHI (correlation 0.49), EMLP (correlation 0.46) and EFAV (correlation 0.42); among large stocks, TIGO (correlation 0.21), CIB (correlation 0.18) and NTRA (correlation 0.33). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to CGDV

Other stocks and ETFs