CGDV vs. DIVO

Last updated Jul 29, 2026

CGDV (Capital Group Dividend Value ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while DIVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past 3 years, CGDV returned 22.15%/yr vs 14.61%/yr for DIVO. Their correlation of 0.83 means they have usually moved in the same direction. CGDV charges 0.33%/yr vs 0.56%/yr for DIVO.

Performance

CGDV vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDV achieves a 13.17% return, which is significantly higher than DIVO's 8.56% return.

CGDV

• 1D: 0.31%
• 1M: 1.58%
• 6M: 10.02%
• YTD: 13.17%
• 1Y: 20.76%
• 3Y*: 22.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.37%

DIVO

• 1D: 0.86%
• 1M: 3.65%
• 6M: 5.76%
• YTD: 8.56%
• 1Y: 16.70%
• 3Y*: 14.61%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 12.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGDV Capital Group Dividend Value ETF	$172.40M	$189.16M	$179.87M
DIVO Amplify CWP Enhanced Dividend Income ETF	$35.76M	$34.78M	$38.04M

CGDV vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	13.17%	25.50%	20.10%	28.81%	-0.44%
DIVO Amplify CWP Enhanced Dividend Income ETF	8.56%	17.40%	16.22%	6.95%	4.58%

Correlation

The correlation between CGDV and DIVO is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.83

The correlation between CGDV and DIVO shifts across timeframes, from 0.66 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

CGDV vs. DIVO - Sectors Allocation Comparison

Sectors	CGDV	DIVO
Technology	34.5%	17.4%
Industrials	13.6%	16.7%
Consumer Cyclical	12.6%	11.4%
Communication Services	9.8%	1.0%
Healthcare	8.2%	8.2%
Financial Services	6.7%	23.2%
Consumer Defensive	5.8%	8.2%
Energy	3.9%	7.2%
Basic Materials	2.8%	4.5%
Utilities	1.0%	2.2%
Real Estate	1.0%	-

Return for Risk

CGDV vs. DIVO — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 72
CGDV Sharpe Ratio Rank: 74
CGDV Sortino Ratio Rank: 74
CGDV Omega Ratio Rank: 73
CGDV Calmar Ratio Rank: 61
CGDV Martin Ratio Rank: 78

DIVO

DIVO Risk / Return Rank: 79
DIVO Sharpe Ratio Rank: 80
DIVO Sortino Ratio Rank: 84
DIVO Omega Ratio Rank: 77
DIVO Calmar Ratio Rank: 77
DIVO Martin Ratio Rank: 78

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.

CGDV vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.

	CGDV	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.83	-0.15
Sortino ratio: Return per unit of downside risk	2.37	2.73	-0.35
Omega ratio: Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	2.14	2.82	-0.68
Martin ratio: Return relative to average drawdown	9.96	9.98	-0.02

CGDV vs. DIVO - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 1.68, which is comparable to the DIVO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of CGDV and DIVO, 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

CGDV vs. DIVO - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for CGDV and DIVO.

Drawdown Indicators

	CGDV	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-30.04%	+8.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-5.95%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-12.12%	-2.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.72%	—
Current Drawdown Current decline from peak	-0.79%	0.00%	-0.79%
Average Drawdown Average peak-to-trough decline	-3.53%	-2.58%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.68%	+0.43%

Volatility

CGDV vs. DIVO - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 2.90% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.24%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.24%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	7.04%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	9.17%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	11.90%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	14.77%	+0.70%

CGDV vs. DIVO - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

CGDV vs. DIVO - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.19%, less than DIVO's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGDV Capital Group Dividend Value ETF	1.19%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.30%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Frequently Asked Questions

Can I hold both CGDV and DIVO in my portfolio?

CGDV and DIVO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGDV or DIVO?

CGDV has higher volatility (2.90%) compared to DIVO (2.24%). In terms of maximum drawdown, CGDV dropped -21.82% vs DIVO's -30.04%.

Which ETF is better, CGDV or DIVO?

On 3-year performance, CGDV leads with 22.15% vs 14.61% for DIVO. On fees, CGDV is cheaper at 0.33% per year. On volatility, DIVO has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or DIVO?

Over the 3-year period, CGDV has performed better with a 22.15% return vs 14.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or DIVO?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.56% for DIVO.

Which ETF pays a higher dividend yield, CGDV or DIVO?

DIVO has the higher dividend yield at 6.30%, compared with 1.19% for CGDV.

What is the main difference between CGDV and DIVO?

CGDV is categorized as Large Cap Value Equities, while DIVO is Derivative Income. They also come from different issuers: Capital Group and Amplify. Their fees differ too: 0.33% for CGDV and 0.56% for DIVO.

Which has better risk-adjusted returns?

DIVO currently has the higher Sharpe Ratio (1.83 vs 1.68), 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.