CGDV vs. ELCV

Last updated Jun 25, 2026

CGDV (Capital Group Dividend Value ETF) and ELCV (Eventide High Dividend ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, CGDV returned 26.38% vs 31.18% for ELCV. A 0.71 correlation means they provide meaningful diversification when combined. CGDV charges 0.33%/yr vs 0.49%/yr for ELCV.

Performance

CGDV vs. ELCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and Eventide High Dividend ETF (ELCV). 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 lower than ELCV's 22.93% return.

CGDV

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

ELCV

• 1D: -0.15%
• 1M: 3.14%
• YTD: 22.93%
• 6M: 21.76%
• 1Y: 31.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGDV vs. ELCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGDV Capital Group Dividend Value ETF	11.43%	25.50%	-2.74%
ELCV Eventide High Dividend ETF	22.93%	9.96%	-0.64%

Correlation

The correlation between CGDV and ELCV is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.71

The correlation between CGDV and ELCV has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.

Return for Risk

CGDV vs. ELCV — 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

ELCV

ELCV Risk / Return Rank: 90
ELCV Sharpe Ratio Rank: 89
ELCV Sortino Ratio Rank: 88
ELCV Omega Ratio Rank: 85
ELCV Calmar Ratio Rank: 94
ELCV Martin Ratio Rank: 93

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. ELCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Eventide High Dividend ETF (ELCV). 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	ELCV	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.62	-0.46
Sortino ratio: Return per unit of downside risk	2.98	3.56	-0.58
Omega ratio: Gain probability vs. loss probability	1.40	1.46	-0.06
Calmar ratio: Return relative to maximum drawdown	2.72	6.20	-3.48
Martin ratio: Return relative to average drawdown	12.64	21.67	-9.02

CGDV vs. ELCV - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.17, which is comparable to the ELCV Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CGDV and ELCV, 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. ELCV - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, which is greater than ELCV's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for CGDV and ELCV.

Drawdown Indicators

	CGDV	ELCV	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-18.38%	-3.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-5.05%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	—	—
Current Drawdown Current decline from peak	-1.46%	-0.97%	-0.49%
Average Drawdown Average peak-to-trough decline	-3.58%	-3.65%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.44%	+0.65%

Volatility

CGDV vs. ELCV - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) and Eventide High Dividend ETF (ELCV) have volatilities of 4.64% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	ELCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	4.51%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	9.25%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	11.96%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	15.44%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	15.44%	+0.13%

CGDV vs. ELCV - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is lower than ELCV's 0.49% expense ratio.

Dividends

CGDV vs. ELCV - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than ELCV's 1.74% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%
ELCV Eventide High Dividend ETF	1.74%	2.34%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGDV and ELCV in my portfolio?

CGDV and ELCV have a correlation of 0.71, 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 ELCV?

CGDV has higher volatility (4.64%) compared to ELCV (4.51%). In terms of maximum drawdown, CGDV dropped -21.82% vs ELCV's -18.38%.

Which ETF is better, CGDV or ELCV?

On 1-year performance, ELCV leads with 31.18% vs 26.38% for CGDV. On fees, CGDV is cheaper at 0.33% per year. On volatility, ELCV has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or ELCV?

Over the 1-year period, ELCV has performed better with a 31.18% return vs 26.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or ELCV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.49% for ELCV.

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

ELCV has the higher dividend yield at 1.74%, compared with 1.17% for CGDV.

What is the main difference between CGDV and ELCV?

They also come from different issuers: Capital Group and Eventide. Their fees differ too: 0.33% for CGDV and 0.49% for ELCV.

Which has better risk-adjusted returns?

ELCV currently has the higher Sharpe Ratio (2.62 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.