CGCV vs. IWX

Last updated Aug 2, 2026

CGCV (Capital Group Conservative Equity ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. CGCV is actively managed, while IWX is passively managed. Over the past year, CGCV returned 16.85% vs 34.92% for IWX. Their correlation of 0.88 means they have usually moved in the same direction. CGCV charges 0.33%/yr vs 0.20%/yr for IWX.

Performance

CGCV vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Conservative Equity ETF (CGCV) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCV achieves a 9.48% return, which is significantly lower than IWX's 20.90% return.

CGCV

• 1D: -0.06%
• 1M: 0.42%
• 6M: 7.36%
• YTD: 9.48%
• 1Y: 16.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.19%

IWX

• 1D: 0.74%
• 1M: 2.59%
• 6M: 15.57%
• YTD: 20.90%
• 1Y: 34.92%
• 3Y*: 18.98%
• 5Y*: 12.65%
• 10Y*: 12.13%
• ALL TIME*: 11.70%

*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)
CGCV Capital Group Conservative Equity ETF	$9.30M	$11.27M	$10.55M
IWX iShares Russell Top 200 Value ETF	$55.11M	$49.72M	$33.93M

CGCV vs. IWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCV Capital Group Conservative Equity ETF	9.48%	16.62%	7.21%
IWX iShares Russell Top 200 Value ETF	20.90%	18.23%	6.55%

Correlation

The correlation between CGCV and IWX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.88

The correlation between CGCV and IWX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

CGCV vs. IWX - Sectors Allocation Comparison

Sectors	CGCV	IWX
Technology	26.3%	22.6%
Healthcare	13.1%	13.6%
Financial Services	11.3%	20.0%
Industrials	11.1%	8.3%
Consumer Defensive	10.4%	8.2%
Utilities	7.5%	2.6%
Consumer Cyclical	7.0%	11.6%
Energy	4.5%	5.1%
Communication Services	4.3%	3.5%
Basic Materials	2.7%	2.8%
Real Estate	1.7%	1.8%

Return for Risk

CGCV vs. IWX — Risk / Return Rank

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

CGCV

CGCV Risk / Return Rank: 67
CGCV Sharpe Ratio Rank: 71
CGCV Sortino Ratio Rank: 70
CGCV Omega Ratio Rank: 69
CGCV Calmar Ratio Rank: 57
CGCV Martin Ratio Rank: 68

IWX

IWX Risk / Return Rank: 95
IWX Sharpe Ratio Rank: 96
IWX Sortino Ratio Rank: 96
IWX Omega Ratio Rank: 95
IWX Calmar Ratio Rank: 95
IWX Martin Ratio Rank: 96

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.

CGCV vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Conservative Equity ETF (CGCV) and iShares Russell Top 200 Value ETF (IWX). 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	IWX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	3.10	-1.48
Sortino ratio: Return per unit of downside risk	2.27	4.28	-2.01
Omega ratio: Gain probability vs. loss probability	1.29	1.55	-0.26
Calmar ratio: Return relative to maximum drawdown	2.01	5.05	-3.04
Martin ratio: Return relative to average drawdown	8.16	22.22	-14.05

CGCV vs. IWX - Sharpe Ratio Comparison

The current CGCV Sharpe Ratio is 1.61, which is lower than the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of CGCV and IWX, 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. IWX - Drawdown Comparison

The maximum CGCV drawdown since its inception was -13.13%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for CGCV and IWX.

Drawdown Indicators

	CGCV	IWX	Difference
Max Drawdown Largest peak-to-trough decline	-13.13%	-35.76%	+22.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-6.59%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.76%	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.57%	-3.79%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.50%	+0.45%

Volatility

CGCV vs. IWX - Volatility Comparison

The current volatility for Capital Group Conservative Equity ETF (CGCV) is 2.17%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 3.10%. This indicates that CGCV experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCV	IWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	3.10%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	8.46%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.89%	10.81%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.37%	13.89%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.37%	16.48%	-4.11%

CGCV vs. IWX - Expense Ratio Comparison

CGCV has a 0.33% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

CGCV vs. IWX - Dividend Comparison

CGCV's dividend yield for the trailing twelve months is around 1.44%, more than IWX's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGCV Capital Group Conservative Equity ETF	1.44%	1.44%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWX iShares Russell Top 200 Value ETF	1.39%	1.59%	1.97%	2.13%	2.07%	1.79%	2.12%	2.60%	2.66%	2.12%	2.22%	2.77%

Frequently Asked Questions

Can I hold both CGCV and IWX in my portfolio?

CGCV and IWX have a correlation of 0.82, 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 IWX?

IWX has higher volatility (3.10%) compared to CGCV (2.17%). In terms of maximum drawdown, CGCV dropped -13.13% vs IWX's -35.76%.

Which ETF is better, CGCV or IWX?

On 1-year performance, IWX leads with 34.92% vs 16.85% for CGCV. On fees, IWX is cheaper at 0.20% per year. On volatility, CGCV has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCV or IWX?

Over the 1-year period, IWX has performed better with a 34.92% return vs 16.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCV or IWX?

IWX is cheaper with a 0.20% expense ratio, compared with 0.33% for CGCV.

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

CGCV has the higher dividend yield at 1.44%, compared with 1.39% for IWX.

What is the main difference between CGCV and IWX?

They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.33% for CGCV and 0.20% for IWX.

Which has better risk-adjusted returns?

IWX currently has the higher Sharpe Ratio (3.10 vs 1.61), 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.