CGCV vs. SWDSX

Last updated Jun 5, 2026

CGCV (Capital Group Conservative Equity ETF) and SWDSX (Schwab Dividend Equity Fund™) are both Large Cap Value Equities funds. Over the past year, CGCV returned 17.48% vs 14.28% for SWDSX. Their correlation of 0.88 suggests significant overlap in exposure. CGCV charges 0.33%/yr vs 0.89%/yr for SWDSX.

Performance

CGCV vs. SWDSX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with CGCV having a 6.45% return and SWDSX slightly higher at 6.71%.

CGCV

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

SWDSX

• 1D: -0.37%
• 1M: 1.22%
• YTD: 6.71%
• 6M: 4.44%
• 1Y: 14.28%
• 3Y*: 14.89%
• 5Y*: 8.69%
• 10Y*: 9.10%

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

CGCV vs. SWDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCV Capital Group Conservative Equity ETF	6.45%	16.62%	7.44%
SWDSX Schwab Dividend Equity Fund™	6.71%	12.31%	10.28%

Correlation

The correlation between CGCV and SWDSX is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.88

The correlation between CGCV and SWDSX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

CGCV vs. SWDSX — 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

SWDSX

SWDSX Risk / Return Rank: 30
SWDSX Sharpe Ratio Rank: 27
SWDSX Sortino Ratio Rank: 25
SWDSX Omega Ratio Rank: 28
SWDSX Calmar Ratio Rank: 36
SWDSX Martin Ratio Rank: 35

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. SWDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Conservative Equity ETF (CGCV) and Schwab Dividend Equity Fund™ (SWDSX). 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	SWDSX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.51	+0.29
Sortino ratio: Return per unit of downside risk	2.54	2.10	+0.44
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	2.21	2.27	-0.06
Martin ratio: Return relative to average drawdown	8.94	7.68	+1.26
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. SWDSX - Sharpe Ratio Comparison

The current CGCV Sharpe Ratio is 1.81, which is comparable to the SWDSX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of CGCV and SWDSX, 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	SWDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.51	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.49	+0.79

Drawdowns

CGCV vs. SWDSX - Drawdown Comparison

The maximum CGCV drawdown since its inception was -13.13%, smaller than the maximum SWDSX drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for CGCV and SWDSX.

Drawdown Indicators

	CGCV	SWDSX	Difference
Max Drawdown Largest peak-to-trough decline	-13.13%	-50.01%	+36.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-6.16%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.20%	—
Current Drawdown Current decline from peak	0.00%	-0.57%	+0.57%
Average Drawdown Average peak-to-trough decline	-1.67%	-6.78%	+5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.81%	+0.15%

Volatility

CGCV vs. SWDSX - Volatility Comparison

Capital Group Conservative Equity ETF (CGCV) has a higher volatility of 2.39% compared to Schwab Dividend Equity Fund™ (SWDSX) at 2.09%. This indicates that CGCV's price experiences larger fluctuations and is considered to be riskier than SWDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCV	SWDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	2.09%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	7.38%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	9.25%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.64%	13.20%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.64%	16.90%	-4.26%

CGCV vs. SWDSX - Expense Ratio Comparison

CGCV has a 0.33% expense ratio, which is lower than SWDSX's 0.89% expense ratio.

Dividends

CGCV vs. SWDSX - Dividend Comparison

CGCV's dividend yield for the trailing twelve months is around 1.45%, more than SWDSX's 1.16% 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%
SWDSX Schwab Dividend Equity Fund™	1.16%	1.22%	2.59%	2.25%	6.83%	16.25%	2.09%	6.86%	11.63%	10.24%	1.68%	14.46%

Frequently Asked Questions

Can I hold both CGCV and SWDSX in my portfolio?

CGCV and SWDSX have a correlation of 0.86, 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 SWDSX?

CGCV has higher volatility (2.39%) compared to SWDSX (2.09%). In terms of maximum drawdown, CGCV dropped -13.13% vs SWDSX's -50.01%.

Which has better risk-adjusted returns?

CGCV currently has the higher Sharpe Ratio (1.81 vs 1.51), 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.