CGDG vs. SPMD
CGDG (Capital Group Dividend Growers ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both exchange-traded funds - CGDG is a Global Equities fund actively managed by Capital Group, while SPMD is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. CGDG is actively managed, while SPMD is passively managed. Over the past year, CGDG returned 14.02% vs 22.99% for SPMD. Their correlation of 0.81 suggests significant overlap in exposure. CGDG charges 0.47%/yr vs 0.05%/yr for SPMD.
Performance
CGDG vs. SPMD - Performance Comparison
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Returns By Period
In the year-to-date period, CGDG achieves a 4.06% return, which is significantly lower than SPMD's 12.58% return.
CGDG
- 1D
- -0.11%
- 1M
- -0.38%
- YTD
- 4.06%
- 6M
- 5.30%
- 1Y
- 14.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMD
- 1D
- 0.23%
- 1M
- 0.17%
- YTD
- 12.58%
- 6M
- 12.81%
- 1Y
- 22.99%
- 3Y*
- 15.03%
- 5Y*
- 7.88%
- 10Y*
- 11.34%
CGDG vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGDG Capital Group Dividend Growers ETF | 4.06% | 22.74% | 11.52% | 10.17% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 12.58% | 7.44% | 13.91% | 12.52% |
Correlation
The correlation between CGDG and SPMD is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023 | 0.81 |
The correlation between CGDG and SPMD has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
CGDG vs. SPMD — Risk / Return Rank
CGDG
SPMD
CGDG vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Growers ETF (CGDG) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| CGDG | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.61 | -0.78 |
| Martin ratioReturn relative to average drawdown | 7.01 | 9.55 | -2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGDG | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.48 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 0.45 | +1.04 |
Drawdowns
CGDG vs. SPMD - Drawdown Comparison
The maximum CGDG drawdown since its inception was -10.52%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for CGDG and SPMD.
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Drawdown Indicators
| CGDG | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.52% | -57.62% | +47.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -8.86% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -2.28% | -1.71% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -8.12% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.41% | -0.41% |
Volatility
CGDG vs. SPMD - Volatility Comparison
The current volatility for Capital Group Dividend Growers ETF (CGDG) is 2.82%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 4.16%. This indicates that CGDG experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGDG | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.16% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 11.53% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 15.66% | -4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 19.71% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.16% | 21.19% | -9.03% |
CGDG vs. SPMD - Expense Ratio Comparison
CGDG has a 0.47% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Dividends
CGDG vs. SPMD - Dividend Comparison
CGDG's dividend yield for the trailing twelve months is around 1.90%, more than SPMD's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGDG Capital Group Dividend Growers ETF | 1.90% | 1.95% | 2.15% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.24% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
CGDG and SPMD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMD has higher volatility (4.16%) compared to CGDG (2.82%). In terms of maximum drawdown, CGDG dropped -10.52% vs SPMD's -57.62%.
On 1-year performance, SPMD leads with 22.99% vs 14.02% for CGDG. On fees, SPMD is cheaper at 0.05% per year. On volatility, CGDG has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPMD has performed better with a 22.99% return vs 14.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.47% for CGDG.
CGDG has the higher dividend yield at 1.90%, compared with 1.24% for SPMD.
CGDG is categorized as Global Equities, while SPMD is Mid Cap Blend Equities. They also come from different issuers: Capital Group and State Street. Their fees differ too: 0.47% for CGDG and 0.05% for SPMD.
SPMD currently has the higher Sharpe Ratio (1.48 vs 1.31), 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.
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