CGCV vs. SPYV

Last updated Jun 5, 2026

CGCV (Capital Group Conservative Equity ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - CGCV is a Large Cap Value Equities fund actively managed by Capital Group, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. CGCV is actively managed, while SPYV is passively managed. Over the past year, CGCV returned 17.48% vs 22.72% for SPYV. Their correlation of 0.89 suggests significant overlap in exposure. CGCV charges 0.33%/yr vs 0.04%/yr for SPYV.

Performance

CGCV vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Conservative Equity ETF (CGCV) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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 SPYV's 8.45% return.

CGCV

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

SPYV

• 1D: 0.92%
• 1M: 2.35%
• YTD: 8.45%
• 6M: 9.05%
• 1Y: 22.72%
• 3Y*: 16.16%
• 5Y*: 10.89%
• 10Y*: 11.90%

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

CGCV vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCV Capital Group Conservative Equity ETF	6.45%	16.62%	7.44%
SPYV SPDR Portfolio S&P 500 Value ETF	8.45%	13.18%	6.22%

Correlation

The correlation between CGCV and SPYV 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 28, 2024	0.89

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

CGCV vs. SPYV - Sectors Allocation Comparison

Sectors	CGCV	SPYV
Technology	23.6%	21.2%
Healthcare	13.9%	11.6%
Financial Services	12.2%	14.7%
Consumer Defensive	10.0%	9.2%
Industrials	9.9%	10.6%
Utilities	8.6%	4.4%
Consumer Cyclical	7.0%	10.9%
Energy	5.4%	7.4%
Communication Services	4.9%	3.2%
Basic Materials	2.9%	3.4%
Real Estate	1.8%	3.3%

Return for Risk

CGCV vs. SPYV — 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

SPYV

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

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. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Conservative Equity ETF (CGCV) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.31	-0.51
Sortino ratio: Return per unit of downside risk	2.54	3.24	-0.70
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.21	3.67	-1.45
Martin ratio: Return relative to average drawdown	8.94	14.06	-5.12
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. SPYV - Sharpe Ratio Comparison

The current CGCV Sharpe Ratio is 1.81, which is comparable to the SPYV Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of CGCV and SPYV, 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	SPYV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.31	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.43	+0.85

Drawdowns

CGCV vs. SPYV - Drawdown Comparison

The maximum CGCV drawdown since its inception was -13.13%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for CGCV and SPYV.

Drawdown Indicators

	CGCV	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-13.13%	-58.45%	+45.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-6.22%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.89%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.67%	-8.72%	+7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.62%	+0.34%

Volatility

CGCV vs. SPYV - Volatility Comparison

Capital Group Conservative Equity ETF (CGCV) has a higher volatility of 2.39% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.03%. This indicates that CGCV's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCV	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	2.03%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	7.09%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	9.87%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.64%	14.40%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.64%	16.94%	-4.30%

CGCV vs. SPYV - Expense Ratio Comparison

CGCV has a 0.33% expense ratio, which is higher than SPYV's 0.04% expense ratio.

Dividends

CGCV vs. SPYV - Dividend Comparison

CGCV's dividend yield for the trailing twelve months is around 1.45%, less than SPYV's 1.68% 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%
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both CGCV and SPYV in my portfolio?

CGCV and SPYV 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 SPYV?

CGCV has higher volatility (2.39%) compared to SPYV (2.03%). In terms of maximum drawdown, CGCV dropped -13.13% vs SPYV's -58.45%.

Which ETF is better, CGCV or SPYV?

On 1-year performance, SPYV leads with 22.72% vs 17.48% for CGCV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCV or SPYV?

Over the 1-year period, SPYV has performed better with a 22.72% return vs 17.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCV or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.33% for CGCV.

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

SPYV has the higher dividend yield at 1.68%, compared with 1.45% for CGCV.

What is the main difference between CGCV and SPYV?

CGCV is categorized as Large Cap Value Equities, while SPYV is S&P 500. They also come from different issuers: Capital Group and State Street. Their fees differ too: 0.33% for CGCV and 0.04% for SPYV.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.31 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.