CGCV vs. QQQ

Last updated Jun 4, 2026

CGCV (Capital Group Conservative Equity ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - CGCV is a Large Cap Value Equities fund actively managed by Capital Group, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. CGCV is actively managed, while QQQ is passively managed. Over the past year, CGCV returned 16.96% vs 41.82% for QQQ. A 0.67 correlation means they provide meaningful diversification when combined. CGCV charges 0.33%/yr vs 0.18%/yr for QQQ.

Performance

CGCV vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, CGCV achieves a 5.95% return, which is significantly lower than QQQ's 21.30% return.

CGCV

• 1D: -0.25%
• 1M: 2.81%
• YTD: 5.95%
• 6M: 6.19%
• 1Y: 16.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

CGCV vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCV Capital Group Conservative Equity ETF	5.95%	16.62%	7.44%
QQQ Invesco QQQ ETF	21.30%	20.77%	6.47%

Correlation

The correlation between CGCV and QQQ is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.67

The correlation between CGCV and QQQ has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.

CGCV vs. QQQ - Sectors Allocation Comparison

Sectors	CGCV	QQQ
Technology	23.6%	53.8%
Healthcare	13.9%	4.2%
Financial Services	12.2%	0.2%
Consumer Defensive	10.0%	7.7%
Industrials	9.9%	2.8%
Utilities	8.6%	1.4%
Consumer Cyclical	7.0%	12.3%
Energy	5.4%	0.6%
Communication Services	4.9%	15.8%
Basic Materials	2.9%	1.1%
Real Estate	1.8%	0.1%

Return for Risk

CGCV vs. QQQ — Risk / Return Rank

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

CGCV

CGCV Risk / Return Rank: 49
CGCV Sharpe Ratio Rank: 50
CGCV Sortino Ratio Rank: 50
CGCV Omega Ratio Rank: 50
CGCV Calmar Ratio Rank: 43
CGCV Martin Ratio Rank: 51

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Conservative Equity ETF (CGCV) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio Return per unit of total volatility	1.75	2.64	-0.88
Sortino ratio Return per unit of downside risk	2.47	3.45	-0.98
Omega ratio Gain probability vs. loss probability	1.32	1.45	-0.14
Calmar ratio Return relative to maximum drawdown	2.15	3.51	-1.36
Martin ratio Return relative to average drawdown	8.67	13.49	-4.82
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. QQQ - Sharpe Ratio Comparison

The current CGCV Sharpe Ratio is 1.75, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of CGCV and QQQ, 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	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.64	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.41	+0.85

Drawdowns

CGCV vs. QQQ - Drawdown Comparison

The maximum CGCV drawdown since its inception was -13.13%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CGCV and QQQ.

Drawdown Indicators

	CGCV	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.13%	-82.97%	+69.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-11.96%	+4.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-0.25%	-0.26%	+0.01%
Average Drawdown Average peak-to-trough decline	-1.67%	-32.79%	+31.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	3.11%	-1.15%

Volatility

CGCV vs. QQQ - Volatility Comparison

The current volatility for Capital Group Conservative Equity ETF (CGCV) is 2.41%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that CGCV experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCV	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	4.49%	-2.08%
Volatility (6M) Calculated over the trailing 6-month period	7.45%	12.10%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	15.94%	-6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	22.38%	-9.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	22.29%	-9.64%

CGCV vs. QQQ - Expense Ratio Comparison

CGCV has a 0.33% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

CGCV vs. QQQ - Dividend Comparison

CGCV's dividend yield for the trailing twelve months is around 1.46%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGCV Capital Group Conservative Equity ETF	1.46%	1.44%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both CGCV and QQQ in my portfolio?

CGCV and QQQ have a correlation of 0.64, 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 QQQ?

QQQ has higher volatility (4.49%) compared to CGCV (2.41%). In terms of maximum drawdown, CGCV dropped -13.13% vs QQQ's -82.97%.

Which ETF is better, CGCV or QQQ?

On 1-year performance, QQQ leads with 41.82% vs 16.96% for CGCV. On fees, QQQ is cheaper at 0.18% per year. On volatility, CGCV has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCV or QQQ?

Over the 1-year period, QQQ has performed better with a 41.82% return vs 16.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCV or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.33% for CGCV.

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

CGCV has the higher dividend yield at 1.46%, compared with 0.38% for QQQ.

What is the main difference between CGCV and QQQ?

CGCV is categorized as Large Cap Value Equities, while QQQ is Nasdaq-100. They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.33% for CGCV and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 1.75), 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.