CGDG vs. HERD

Last updated Jun 25, 2026

CGDG (Capital Group Dividend Growers ETF) and HERD (Pacer Cash Cows Fund of Funds ETF) are both Global Equities funds. CGDG is actively managed, while HERD is passively managed. Over the past year, CGDG returned 13.75% vs 22.59% for HERD. A 0.77 correlation means they provide meaningful diversification when combined. CGDG charges 0.47%/yr vs 0.73%/yr for HERD.

Performance

CGDG vs. HERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Growers ETF (CGDG) and Pacer Cash Cows Fund of Funds ETF (HERD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDG achieves a 5.07% return, which is significantly lower than HERD's 7.84% return.

CGDG

• 1D: 0.00%
• 1M: -0.53%
• YTD: 5.07%
• 6M: 4.44%
• 1Y: 13.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HERD

• 1D: 0.46%
• 1M: -2.39%
• YTD: 7.84%
• 6M: 6.91%
• 1Y: 22.59%
• 3Y*: 15.62%
• 5Y*: 9.22%
• 10Y*: —

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

CGDG vs. HERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGDG Capital Group Dividend Growers ETF	5.07%	22.74%	11.52%	10.17%
HERD Pacer Cash Cows Fund of Funds ETF	7.84%	19.07%	2.91%	9.97%

Correlation

The correlation between CGDG and HERD is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.77

The correlation between CGDG and HERD has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

CGDG vs. HERD - Sectors Allocation Comparison

Sectors	CGDG	HERD
Financial Services	20.0%	0.0%
Technology	14.0%	20.7%
Industrials	11.9%	13.3%
Healthcare	10.7%	14.4%
Consumer Defensive	9.9%	7.8%
Consumer Cyclical	7.9%	15.8%
Utilities	7.8%	0.7%
Energy	6.7%	14.3%
Basic Materials	5.0%	4.8%
Real Estate	3.3%	0.3%
Communication Services	2.0%	8.0%

Return for Risk

CGDG vs. HERD — Risk / Return Rank

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

CGDG

CGDG Risk / Return Rank: 40
CGDG Sharpe Ratio Rank: 40
CGDG Sortino Ratio Rank: 38
CGDG Omega Ratio Rank: 37
CGDG Calmar Ratio Rank: 39
CGDG Martin Ratio Rank: 45

HERD

HERD Risk / Return Rank: 71
HERD Sharpe Ratio Rank: 66
HERD Sortino Ratio Rank: 66
HERD Omega Ratio Rank: 64
HERD Calmar Ratio Rank: 83
HERD 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.

CGDG vs. HERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Growers ETF (CGDG) and Pacer Cash Cows Fund of Funds ETF (HERD). 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	HERD	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.90	-0.62
Sortino ratio: Return per unit of downside risk	1.83	2.69	-0.87
Omega ratio: Gain probability vs. loss probability	1.23	1.34	-0.11
Calmar ratio: Return relative to maximum drawdown	1.79	4.00	-2.21
Martin ratio: Return relative to average drawdown	6.86	12.58	-5.72

CGDG vs. HERD - Sharpe Ratio Comparison

The current CGDG Sharpe Ratio is 1.28, which is lower than the HERD Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of CGDG and HERD, 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

CGDG vs. HERD - Drawdown Comparison

The maximum CGDG drawdown since its inception was -10.52%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for CGDG and HERD.

Drawdown Indicators

	CGDG	HERD	Difference
Max Drawdown Largest peak-to-trough decline	-10.52%	-39.41%	+28.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-5.68%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.60%	—
Current Drawdown Current decline from peak	-1.43%	-4.40%	+2.97%
Average Drawdown Average peak-to-trough decline	-1.31%	-4.54%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.80%	+0.21%

Volatility

CGDG vs. HERD - Volatility Comparison

The current volatility for Capital Group Dividend Growers ETF (CGDG) is 2.95%, while Pacer Cash Cows Fund of Funds ETF (HERD) has a volatility of 3.83%. This indicates that CGDG experiences smaller price fluctuations and is considered to be less risky than HERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDG	HERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.83%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	8.27%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	11.95%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.14%	17.75%	-5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	20.46%	-8.32%

CGDG vs. HERD - Expense Ratio Comparison

CGDG has a 0.47% expense ratio, which is lower than HERD's 0.73% expense ratio.

Dividends

CGDG vs. HERD - Dividend Comparison

CGDG's dividend yield for the trailing twelve months is around 1.88%, less than HERD's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CGDG Capital Group Dividend Growers ETF	1.88%	1.95%	2.15%	0.39%	0.00%	0.00%	0.00%	0.00%
HERD Pacer Cash Cows Fund of Funds ETF	2.91%	3.75%	2.43%	2.54%	2.50%	2.02%	1.95%	1.69%

Frequently Asked Questions

Can I hold both CGDG and HERD in my portfolio?

CGDG and HERD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGDG or HERD?

HERD has higher volatility (3.83%) compared to CGDG (2.95%). In terms of maximum drawdown, CGDG dropped -10.52% vs HERD's -39.41%.

Which ETF is better, CGDG or HERD?

On 1-year performance, HERD leads with 22.59% vs 13.75% for CGDG. On fees, CGDG is cheaper at 0.47% per year. On volatility, CGDG has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDG or HERD?

Over the 1-year period, HERD has performed better with a 22.59% return vs 13.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDG or HERD?

CGDG is cheaper with a 0.47% expense ratio, compared with 0.73% for HERD.

Which ETF pays a higher dividend yield, CGDG or HERD?

HERD has the higher dividend yield at 2.91%, compared with 1.88% for CGDG.

What is the main difference between CGDG and HERD?

They also come from different issuers: Capital Group and Pacer. Their fees differ too: 0.47% for CGDG and 0.73% for HERD.

Which has better risk-adjusted returns?

HERD currently has the higher Sharpe Ratio (1.90 vs 1.28), 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.