CGDG vs. CCLFX
CGDG (Capital Group Dividend Growers ETF) and CCLFX (Cliffwater Corporate Lending Fund) are both funds - CGDG is a Global Equities fund actively managed by Capital Group, while CCLFX is a High Yield Bonds fund managed by Cliffwater. Over the past year, CGDG returned 15.36% vs 7.38% for CCLFX. At a 0.12 correlation, their price movements are largely independent. CGDG charges 0.47%/yr vs 3.42%/yr for CCLFX.
Performance
CGDG vs. CCLFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGDG achieves a 6.59% return, which is significantly higher than CCLFX's 2.43% return.
CGDG
- 1D
- 0.77%
- 1M
- 1.37%
- YTD
- 6.59%
- 6M
- 7.53%
- 1Y
- 15.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CCLFX
- 1D
- 0.10%
- 1M
- 0.38%
- YTD
- 2.43%
- 6M
- 2.94%
- 1Y
- 7.38%
- 3Y*
- 10.50%
- 5Y*
- 8.75%
- 10Y*
- —
CGDG vs. CCLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGDG Capital Group Dividend Growers ETF | 6.59% | 22.74% | 11.52% | 10.17% |
CCLFX Cliffwater Corporate Lending Fund | 2.43% | 8.93% | 12.62% | 3.26% |
Correlation
The correlation between CGDG and CCLFX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGDG vs. CCLFX — Risk / Return Rank
CGDG
CCLFX
CGDG vs. CCLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Growers ETF (CGDG) and Cliffwater Corporate Lending Fund (CCLFX). 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.
| CGDG | CCLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.18 | ||
| Sortino ratioReturn per unit of downside risk | -18.84 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 7.79 | -6.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 39.24 | -37.24 |
| Martin ratioReturn relative to average drawdown | 7.69 | 218.88 | -211.20 |
Loading charts...
Drawdowns
CGDG vs. CCLFX - Drawdown Comparison
The maximum CGDG drawdown since its inception was -10.52%, which is greater than CCLFX's maximum drawdown of -3.91%. Use the drawdown chart below to compare losses from any high point for CGDG and CCLFX.
Loading charts...
Drawdown Indicators
| CGDG | CCLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.52% | -3.91% | -6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -0.19% | -7.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -0.16% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.03% | +1.98% |
Volatility
CGDG vs. CCLFX - Volatility Comparison
Capital Group Dividend Growers ETF (CGDG) has a higher volatility of 3.46% compared to Cliffwater Corporate Lending Fund (CCLFX) at 0.23%. This indicates that CGDG's price experiences larger fluctuations and is considered to be riskier than CCLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGDG | CCLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 0.23% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 0.65% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 0.87% | +10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.18% | 1.73% | +10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.18% | 1.87% | +10.31% |
CGDG vs. CCLFX - Expense Ratio Comparison
CGDG has a 0.47% expense ratio, which is lower than CCLFX's 3.42% expense ratio.
Dividends
CGDG vs. CCLFX - Dividend Comparison
CGDG's dividend yield for the trailing twelve months is around 1.85%, less than CCLFX's 10.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CCLFX Cliffwater Corporate Lending Fund | 10.27% | 10.47% | 11.27% | 10.96% | 3.96% | 7.03% | 6.90% | 0.61% |
CGDG Capital Group Dividend Growers ETF | 1.85% | 1.95% | 2.15% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGDG and CCLFX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGDG has higher volatility (3.46%) compared to CCLFX (0.23%). In terms of maximum drawdown, CGDG dropped -10.52% vs CCLFX's -3.91%.
CCLFX currently has the higher Sharpe Ratio (8.60 vs 1.42), 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.
Find the right allocation for CGDG and CCLFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer