CGCV vs. FNDX

Last updated Jun 23, 2026

CGCV (Capital Group Conservative Equity ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both Large Cap Value Equities funds. CGCV is actively managed, while FNDX is passively managed. Over the past year, CGCV returned 17.41% vs 31.80% for FNDX. Their correlation of 0.89 suggests significant overlap in exposure. CGCV charges 0.33%/yr vs 0.25%/yr for FNDX.

Performance

CGCV vs. FNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Conservative Equity ETF (CGCV) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCV achieves a 6.25% return, which is significantly lower than FNDX's 14.79% return.

CGCV

• 1D: -0.15%
• 1M: 0.28%
• YTD: 6.25%
• 6M: 6.03%
• 1Y: 17.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: 0.19%
• 1M: 0.94%
• YTD: 14.79%
• 6M: 14.33%
• 1Y: 31.80%
• 3Y*: 20.50%
• 5Y*: 13.48%
• 10Y*: 14.53%

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

CGCV vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCV Capital Group Conservative Equity ETF	6.25%	16.62%	7.21%
FNDX Schwab Fundamental U.S. Large Company Index ETF	14.79%	16.94%	7.19%

Correlation

The correlation between CGCV and FNDX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.89

The correlation between CGCV and FNDX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

CGCV vs. FNDX - Sectors Allocation Comparison

Sectors	CGCV	FNDX
Technology	24.4%	22.1%
Healthcare	12.8%	11.9%
Financial Services	11.7%	13.3%
Industrials	11.5%	9.1%
Consumer Defensive	10.6%	7.0%
Utilities	7.5%	3.0%
Consumer Cyclical	6.4%	9.1%
Energy	4.8%	9.3%
Communication Services	4.4%	9.9%
Basic Materials	2.7%	3.6%
Real Estate	1.7%	1.7%

Return for Risk

CGCV vs. FNDX — Risk / Return Rank

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

CGCV

CGCV Risk / Return Rank: 51
CGCV Sharpe Ratio Rank: 53
CGCV Sortino Ratio Rank: 53
CGCV Omega Ratio Rank: 51
CGCV Calmar Ratio Rank: 46
CGCV Martin Ratio Rank: 53

FNDX

FNDX Risk / Return Rank: 91
FNDX Sharpe Ratio Rank: 92
FNDX Sortino Ratio Rank: 92
FNDX Omega Ratio Rank: 90
FNDX Calmar Ratio Rank: 90
FNDX Martin Ratio Rank: 91

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. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Conservative Equity ETF (CGCV) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.

	CGCV	FNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	3.06	-1.29
Sortino ratio: Return per unit of downside risk	2.48	4.22	-1.74
Omega ratio: Gain probability vs. loss probability	1.32	1.56	-0.24
Calmar ratio: Return relative to maximum drawdown	2.20	5.27	-3.06
Martin ratio: Return relative to average drawdown	8.89	20.40	-11.51

CGCV vs. FNDX - Sharpe Ratio Comparison

The current CGCV Sharpe Ratio is 1.77, which is lower than the FNDX Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of CGCV and FNDX, 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

CGCV vs. FNDX - Drawdown Comparison

The maximum CGCV drawdown since its inception was -13.13%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for CGCV and FNDX.

Drawdown Indicators

	CGCV	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-13.13%	-37.72%	+24.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-6.06%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.72%	—
Current Drawdown Current decline from peak	-0.68%	-1.02%	+0.34%
Average Drawdown Average peak-to-trough decline	-1.64%	-3.55%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.56%	+0.40%

Volatility

CGCV vs. FNDX - Volatility Comparison

The current volatility for Capital Group Conservative Equity ETF (CGCV) is 2.72%, while Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a volatility of 3.29%. This indicates that CGCV experiences smaller price fluctuations and is considered to be less risky than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCV	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	3.29%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	7.61%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	9.92%	10.47%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.60%	15.18%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.60%	17.52%	-4.92%

CGCV vs. FNDX - Expense Ratio Comparison

CGCV has a 0.33% expense ratio, which is higher than FNDX's 0.25% expense ratio.

Dividends

CGCV vs. FNDX - Dividend Comparison

CGCV's dividend yield for the trailing twelve months is around 1.45%, which matches FNDX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.45%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%

Frequently Asked Questions

Can I hold both CGCV and FNDX in my portfolio?

CGCV and FNDX have a correlation of 0.85, 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 FNDX?

FNDX has higher volatility (3.29%) compared to CGCV (2.72%). In terms of maximum drawdown, CGCV dropped -13.13% vs FNDX's -37.72%.

Which ETF is better, CGCV or FNDX?

On 1-year performance, FNDX leads with 31.80% vs 17.41% for CGCV. On fees, FNDX is cheaper at 0.25% per year. On volatility, CGCV has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCV or FNDX?

Over the 1-year period, FNDX has performed better with a 31.80% return vs 17.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCV or FNDX?

FNDX is cheaper with a 0.25% expense ratio, compared with 0.33% for CGCV.

Which ETF pays a higher dividend yield, CGCV or FNDX?

CGCV and FNDX have nearly identical dividend yields, around 1.45%.

What is the main difference between CGCV and FNDX?

They also come from different issuers: Capital Group and Charles Schwab. Their fees differ too: 0.33% for CGCV and 0.25% for FNDX.

Which has better risk-adjusted returns?

FNDX currently has the higher Sharpe Ratio (3.06 vs 1.77), 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.