CGDV vs. FDL
CGDV (Capital Group Dividend Value ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both Large Cap Value Equities funds. CGDV is actively managed, while FDL is passively managed. Over the past 3 years, CGDV returned 23.86%/yr vs 19.02%/yr for FDL. Their 0.64 correlation means they have sometimes moved together and sometimes differently. CGDV charges 0.33%/yr vs 0.43%/yr for FDL.
Performance
CGDV vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, CGDV achieves a 15.82% return, which is significantly lower than FDL's 18.62% return.
CGDV
- 1D
- 1.45%
- 1M
- 2.68%
- 6M
- 12.47%
- YTD
- 15.82%
- 1Y
- 26.98%
- 3Y*
- 23.86%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.91%
FDL
- 1D
- 0.39%
- 1M
- 3.67%
- 6M
- 9.83%
- YTD
- 18.62%
- 1Y
- 28.15%
- 3Y*
- 19.02%
- 5Y*
- 14.10%
- 10Y*
- 11.08%
- ALL TIME*
- 8.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $196.47M | $192.49M | $185.79M | |
| $51.38M | $49.50M | $43.21M |
CGDV vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGDV Capital Group Dividend Value ETF | 15.82% | 25.50% | 20.10% | 28.81% | -0.44% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.62% | 14.79% | 17.98% | 2.94% | 6.45% |
Correlation
The correlation between CGDV and FDL is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.64 |
Over the past year, the correlation between CGDV and FDL has dropped to 0.15 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
CGDV vs. FDL - Sectors Allocation Comparison
Sectors
CGDV
FDL
Technology
Industrials
Consumer Cyclical
Communication Services
Healthcare
Financial Services
Consumer Defensive
Energy
Basic Materials
Utilities
Real Estate
-
Technology
CGDV
FDL
Industrials
CGDV
FDL
Consumer Cyclical
CGDV
FDL
Communication Services
CGDV
FDL
Healthcare
CGDV
FDL
Financial Services
CGDV
FDL
Consumer Defensive
CGDV
FDL
Energy
CGDV
FDL
Basic Materials
CGDV
FDL
Utilities
CGDV
FDL
Real Estate
CGDV
FDL
-
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Return for Risk
CGDV vs. FDL — Risk / Return Rank
CGDV
FDL
CGDV vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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 | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 6.62 | -3.84 |
| Martin ratioReturn relative to average drawdown | 12.97 | 15.62 | -2.64 |
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Drawdowns
CGDV vs. FDL - Drawdown Comparison
The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for CGDV and FDL.
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Drawdown Indicators
| CGDV | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.82% | -65.93% | +44.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -4.27% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -12.24% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -9.59% | +6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.81% | +0.27% |
Volatility
CGDV vs. FDL - Volatility Comparison
The current volatility for Capital Group Dividend Value ETF (CGDV) is 3.54%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 4.65%. This indicates that CGDV experiences smaller price fluctuations and is considered to be less risky than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGDV | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 4.65% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 8.75% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 11.89% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 14.44% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 17.16% | -1.67% |
CGDV vs. FDL - Expense Ratio Comparison
CGDV has a 0.33% expense ratio, which is lower than FDL's 0.43% expense ratio.
Dividends
CGDV vs. FDL - Dividend Comparison
CGDV's dividend yield for the trailing twelve months is around 1.17%, less than FDL's 3.58% 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% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.58% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
Frequently Asked Questions
CGDV and FDL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (4.65%) compared to CGDV (3.54%). In terms of maximum drawdown, CGDV dropped -21.82% vs FDL's -65.93%.
On 3-year performance, CGDV leads with 23.86% vs 19.02% for FDL. On fees, CGDV is cheaper at 0.33% per year. On volatility, CGDV has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGDV has performed better with a 23.86% return vs 19.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGDV is cheaper with a 0.33% expense ratio, compared with 0.43% for FDL.
FDL has the higher dividend yield at 3.58%, compared with 1.17% for CGDV.
They also come from different issuers: Capital Group and First Trust. Their fees differ too: 0.33% for CGDV and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (2.38 vs 2.16), 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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