CGCV vs. FITLX

Last updated Jun 5, 2026

CGCV (Capital Group Conservative Equity ETF) and FITLX (Fidelity US Sustainability Index Fund) are both funds - CGCV is a Large Cap Value Equities fund actively managed by Capital Group, while FITLX is a Large Cap Blend Equities fund managed by Fidelity. Over the past year, CGCV returned 17.48% vs 27.50% for FITLX. A 0.76 correlation means they provide meaningful diversification when combined. CGCV charges 0.33%/yr vs 0.11%/yr for FITLX.

Performance

CGCV vs. FITLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Conservative Equity ETF (CGCV) and Fidelity US Sustainability Index Fund (FITLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCV achieves a 6.45% return, which is significantly lower than FITLX's 9.39% return.

CGCV

• 1D: 0.47%
• 1M: 2.73%
• YTD: 6.45%
• 6M: 6.68%
• 1Y: 17.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FITLX

• 1D: -0.98%
• 1M: 3.90%
• YTD: 9.39%
• 6M: 9.77%
• 1Y: 27.50%
• 3Y*: 22.32%
• 5Y*: 13.74%
• 10Y*: —

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

CGCV vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCV Capital Group Conservative Equity ETF	6.45%	16.62%	7.44%
FITLX Fidelity US Sustainability Index Fund	9.39%	18.77%	6.20%

Correlation

The correlation between CGCV and FITLX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.76

The correlation between CGCV and FITLX has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

Return for Risk

CGCV vs. FITLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGCV

CGCV Risk / Return Rank: 52
CGCV Sharpe Ratio Rank: 54
CGCV Sortino Ratio Rank: 54
CGCV Omega Ratio Rank: 53
CGCV Calmar Ratio Rank: 45
CGCV Martin Ratio Rank: 53

FITLX

FITLX Risk / Return Rank: 50
FITLX Sharpe Ratio Rank: 53
FITLX Sortino Ratio Rank: 51
FITLX Omega Ratio Rank: 50
FITLX Calmar Ratio Rank: 42
FITLX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGCV vs. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Conservative Equity ETF (CGCV) and Fidelity US Sustainability Index Fund (FITLX). 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.

	CGCV	FITLX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.16	-0.36
Sortino ratio: Return per unit of downside risk	2.54	3.02	-0.48
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.21	2.48	-0.27
Martin ratio: Return relative to average drawdown	8.94	10.77	-1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGCV vs. FITLX - Sharpe Ratio Comparison

The current CGCV Sharpe Ratio is 1.81, which is comparable to the FITLX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of CGCV and FITLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGCV	FITLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.16	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.82	+0.46

Drawdowns

CGCV vs. FITLX - Drawdown Comparison

The maximum CGCV drawdown since its inception was -13.13%, smaller than the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for CGCV and FITLX.

Drawdown Indicators

	CGCV	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-13.13%	-34.35%	+21.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-11.15%	+3.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.91%	—
Current Drawdown Current decline from peak	0.00%	-1.42%	+1.42%
Average Drawdown Average peak-to-trough decline	-1.67%	-5.07%	+3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.56%	-0.60%

Volatility

CGCV vs. FITLX - Volatility Comparison

The current volatility for Capital Group Conservative Equity ETF (CGCV) is 2.39%, while Fidelity US Sustainability Index Fund (FITLX) has a volatility of 3.68%. This indicates that CGCV experiences smaller price fluctuations and is considered to be less risky than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCV	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	3.68%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	9.82%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	12.81%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.64%	17.58%	-4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.64%	19.10%	-6.46%

CGCV vs. FITLX - Expense Ratio Comparison

CGCV has a 0.33% expense ratio, which is higher than FITLX's 0.11% expense ratio.

Dividends

CGCV vs. FITLX - Dividend Comparison

CGCV's dividend yield for the trailing twelve months is around 1.45%, more than FITLX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGCV Capital Group Conservative Equity ETF	1.45%	1.44%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FITLX Fidelity US Sustainability Index Fund	1.01%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%

Frequently Asked Questions

Can I hold both CGCV and FITLX in my portfolio?

CGCV and FITLX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGCV or FITLX?

FITLX has higher volatility (3.68%) compared to CGCV (2.39%). In terms of maximum drawdown, CGCV dropped -13.13% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

FITLX currently has the higher Sharpe Ratio (2.16 vs 1.81), 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.