CGDV vs. DLN

Last updated Jun 25, 2026

CGDV (Capital Group Dividend Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. CGDV is actively managed, while DLN is passively managed. Over the past 3 years, CGDV returned 24.31%/yr vs 18.05%/yr for DLN. Their correlation of 0.90 suggests significant overlap in exposure. CGDV charges 0.33%/yr vs 0.28%/yr for DLN.

Performance

CGDV vs. DLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and WisdomTree U.S. LargeCap Dividend Fund (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDV achieves a 11.43% return, which is significantly higher than DLN's 9.74% return.

CGDV

• 1D: 0.33%
• 1M: 1.08%
• YTD: 11.43%
• 6M: 10.45%
• 1Y: 26.38%
• 3Y*: 24.31%
• 5Y*: —
• 10Y*: —

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

CGDV vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	11.43%	25.50%	20.10%	28.81%	-0.44%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	19.66%	9.95%	1.52%

Correlation

The correlation between CGDV and DLN is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.90

The correlation between CGDV and DLN shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

CGDV vs. DLN - Sectors Allocation Comparison

Sectors	CGDV	DLN
Technology	33.1%	22.8%
Industrials	12.9%	7.8%
Consumer Cyclical	11.3%	4.9%
Healthcare	10.4%	12.6%
Communication Services	8.3%	7.5%
Financial Services	6.6%	17.4%
Consumer Defensive	6.0%	8.9%
Energy	4.4%	7.9%
Basic Materials	2.8%	1.0%
Real Estate	1.1%	3.9%
Utilities	1.0%	5.5%

Return for Risk

CGDV vs. DLN — 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: 76
CGDV Sortino Ratio Rank: 74
CGDV Omega Ratio Rank: 76
CGDV Calmar Ratio Rank: 61
CGDV Martin Ratio Rank: 75

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.28	-0.12
Sortino ratio: Return per unit of downside risk	2.98	3.26	-0.28
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	2.72	3.37	-0.65
Martin ratio: Return relative to average drawdown	12.64	14.09	-1.45

CGDV vs. DLN - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.17, which is comparable to the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of CGDV and DLN, 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. DLN - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for CGDV and DLN.

Drawdown Indicators

	CGDV	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-57.84%	+36.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-6.10%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-13.71%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-1.46%	-1.31%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.58%	-7.50%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.45%	+0.64%

Volatility

CGDV vs. DLN - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.64% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	2.70%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	6.99%	+2.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	9.01%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	13.26%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	16.14%	-0.57%

CGDV vs. DLN - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

CGDV vs. DLN - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DLN WisdomTree U.S. LargeCap Dividend Fund	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%

Frequently Asked Questions

Can I hold both CGDV and DLN in my portfolio?

CGDV and DLN have a correlation of 0.79, 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 DLN?

CGDV has higher volatility (4.64%) compared to DLN (2.70%). In terms of maximum drawdown, CGDV dropped -21.82% vs DLN's -57.84%.

Which ETF is better, CGDV or DLN?

On 3-year performance, CGDV leads with 24.31% vs 18.05% for DLN. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or DLN?

Over the 3-year period, CGDV has performed better with a 24.31% return vs 18.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.33% for CGDV.

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

DLN has the higher dividend yield at 1.80%, compared with 1.17% for CGDV.

What is the main difference between CGDV and DLN?

They also come from different issuers: Capital Group and WisdomTree. Their fees differ too: 0.33% for CGDV and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.28 vs 2.17), 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.