AIVL vs. CGDV

Last updated Aug 2, 2026

AIVL (WisdomTree U.S. Al Enhanced Value Fund) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - AIVL is a Mid Cap Value Equities fund actively managed by WisdomTree, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Both are actively managed. Over the past 3 years, AIVL returned 13.45%/yr vs 22.55%/yr for CGDV. Their correlation of 0.84 means they have usually moved in the same direction. AIVL charges 0.38%/yr vs 0.33%/yr for CGDV.

Performance

AIVL vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Al Enhanced Value Fund (AIVL) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVL achieves a 16.26% return, which is significantly higher than CGDV's 14.16% return.

AIVL

• 1D: 0.41%
• 1M: 0.73%
• 6M: 11.74%
• YTD: 16.26%
• 1Y: 21.46%
• 3Y*: 13.45%
• 5Y*: 8.79%
• 10Y*: 8.44%
• ALL TIME*: 8.37%

CGDV

• 1D: 0.63%
• 1M: 1.21%
• 6M: 11.03%
• YTD: 14.16%
• 1Y: 25.16%
• 3Y*: 22.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIVL WisdomTree U.S. Al Enhanced Value Fund	$552.10K	$822.97K	$521.55K
CGDV Capital Group Dividend Value ETF	$192.53M	$192.47M	$184.78M

AIVL vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AIVL WisdomTree U.S. Al Enhanced Value Fund	16.26%	9.72%	13.49%	7.17%	-2.20%
CGDV Capital Group Dividend Value ETF	14.16%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between AIVL and CGDV is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.84

The correlation between AIVL and CGDV shifts across timeframes, from 0.67 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

AIVL vs. CGDV - Sectors Allocation Comparison

Sectors	AIVL	CGDV
Technology	22.4%	34.5%
Financial Services	17.3%	6.7%
Industrials	15.2%	13.6%
Healthcare	11.9%	8.2%
Utilities	8.9%	1.0%
Consumer Defensive	7.8%	5.8%
Basic Materials	4.8%	2.8%
Communication Services	3.8%	9.8%
Energy	3.2%	3.9%
Consumer Cyclical	3.1%	12.6%
Real Estate	1.4%	1.0%

Return for Risk

AIVL vs. CGDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIVL

AIVL Risk / Return Rank: 74
AIVL Sharpe Ratio Rank: 73
AIVL Sortino Ratio Rank: 75
AIVL Omega Ratio Rank: 71
AIVL Calmar Ratio Rank: 72
AIVL Martin Ratio Rank: 80

CGDV

CGDV Risk / Return Rank: 80
CGDV Sharpe Ratio Rank: 83
CGDV Sortino Ratio Rank: 82
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 71
CGDV Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIVL vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Al Enhanced Value Fund (AIVL) and Capital Group Dividend Value ETF (CGDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIVL	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.90	-0.23
Sortino ratio: Return per unit of downside risk	2.44	2.65	-0.20
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.52	2.44	+0.08
Martin ratio: Return relative to average drawdown	10.46	11.39	-0.93

AIVL vs. CGDV - Sharpe Ratio Comparison

The current AIVL Sharpe Ratio is 1.66, which is comparable to the CGDV Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of AIVL and CGDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVL vs. CGDV - Drawdown Comparison

The maximum AIVL drawdown since its inception was -62.48%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for AIVL and CGDV.

Drawdown Indicators

	AIVL	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-21.82%	-40.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-9.75%	+1.90%
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	-14.28%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-19.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.16%	—	—
Current Drawdown Current decline from peak	-1.05%	0.00%	-1.05%
Average Drawdown Average peak-to-trough decline	-7.85%	-3.52%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.09%	-0.19%

Volatility

AIVL vs. CGDV - Volatility Comparison

WisdomTree U.S. Al Enhanced Value Fund (AIVL) and Capital Group Dividend Value ETF (CGDV) have volatilities of 3.29% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVL	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.28%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	10.06%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	12.55%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	15.48%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	15.48%	+1.85%

AIVL vs. CGDV - Expense Ratio Comparison

AIVL has a 0.38% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

AIVL vs. CGDV - Dividend Comparison

AIVL's dividend yield for the trailing twelve months is around 1.45%, more than CGDV's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVL WisdomTree U.S. Al Enhanced Value Fund	1.45%	1.61%	2.13%	2.43%	2.08%	2.75%	3.55%	3.25%	4.18%	3.16%	3.20%	3.41%
CGDV Capital Group Dividend Value ETF	1.18%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVL and CGDV in my portfolio?

AIVL and CGDV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVL or CGDV?

AIVL has higher volatility (3.29%) compared to CGDV (3.28%). In terms of maximum drawdown, AIVL dropped -62.48% vs CGDV's -21.82%.

Which ETF is better, AIVL or CGDV?

On 3-year performance, CGDV leads with 22.55% vs 13.45% for AIVL. On fees, CGDV is cheaper at 0.33% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVL or CGDV?

Over the 3-year period, CGDV has performed better with a 22.55% return vs 13.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVL or CGDV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.38% for AIVL.

Which ETF pays a higher dividend yield, AIVL or CGDV?

AIVL has the higher dividend yield at 1.45%, compared with 1.18% for CGDV.

What is the main difference between AIVL and CGDV?

AIVL is categorized as Mid Cap Value Equities, while CGDV is Large Cap Value Equities. They also come from different issuers: WisdomTree and Capital Group. Their fees differ too: 0.38% for AIVL and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (1.90 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.