CGDV vs. HIGH

Last updated Jun 14, 2026

CGDV (Capital Group Dividend Value ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while HIGH is a Derivative Income fund actively managed by Simplify. Both are actively managed. Over the past 3 years, CGDV returned 24.15%/yr vs 2.92%/yr for HIGH. At a 0.41 correlation, their price movements are largely independent. CGDV charges 0.33%/yr vs 0.51%/yr for HIGH.

Performance

CGDV vs. HIGH - Performance Comparison

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

Returns By Period

In the year-to-date period, CGDV achieves a 11.55% return, which is significantly higher than HIGH's -0.45% return.

CGDV

• 1D: 0.66%
• 1M: 1.53%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 28.33%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

HIGH

• 1D: 0.16%
• 1M: 0.39%
• YTD: -0.45%
• 6M: -0.49%
• 1Y: -2.23%
• 3Y*: 2.92%
• 5Y*: —
• 10Y*: —

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

CGDV vs. HIGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	6.56%
HIGH Simplify Enhanced Income ETF	-0.45%	4.35%	1.52%	7.70%	0.47%

Correlation

The correlation between CGDV and HIGH is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.41

Over the past year, CGDV and HIGH have become more correlated (0.68) than their long-term average of 0.41, meaning their price movements have been converging.

Return for Risk

CGDV vs. HIGH — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

HIGH

HIGH Risk / Return Rank: 6
HIGH Sharpe Ratio Rank: 6
HIGH Sortino Ratio Rank: 6
HIGH Omega Ratio Rank: 6
HIGH Calmar Ratio Rank: 7
HIGH Martin Ratio Rank: 8

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. HIGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Simplify Enhanced Income ETF (HIGH). 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	HIGH	Difference
Sharpe ratio: Return per unit of total volatility	2.27	-0.34	+2.61
Sortino ratio: Return per unit of downside risk	3.11	-0.42	+3.53
Omega ratio: Gain probability vs. loss probability	1.42	0.95	+0.48
Calmar ratio: Return relative to maximum drawdown	2.83	-0.31	+3.13
Martin ratio: Return relative to average drawdown	13.19	-0.44	+13.63

CGDV vs. HIGH - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.27, which is higher than the HIGH Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of CGDV and HIGH, 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. HIGH - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for CGDV and HIGH.

Drawdown Indicators

	CGDV	HIGH	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-9.50%	-12.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-9.50%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-9.50%	-4.78%
Current Drawdown Current decline from peak	-0.98%	-7.18%	+6.20%
Average Drawdown Average peak-to-trough decline	-3.60%	-2.41%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	6.64%	-4.55%

Volatility

CGDV vs. HIGH - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.52% compared to Simplify Enhanced Income ETF (HIGH) at 1.61%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	HIGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	1.61%	+2.91%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	3.67%	+6.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	8.74%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	9.54%	+6.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	9.54%	+6.03%

CGDV vs. HIGH - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is lower than HIGH's 0.51% expense ratio.

Dividends

CGDV vs. HIGH - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than HIGH's 7.34% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%
HIGH Simplify Enhanced Income ETF	7.34%	7.71%	8.34%	9.40%	0.62%

Frequently Asked Questions

Can I hold both CGDV and HIGH in my portfolio?

CGDV and HIGH have a correlation of 0.68, 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 HIGH?

CGDV has higher volatility (4.52%) compared to HIGH (1.61%). In terms of maximum drawdown, CGDV dropped -21.82% vs HIGH's -9.50%.

Which ETF is better, CGDV or HIGH?

On 3-year performance, CGDV leads with 24.15% vs 2.92% for HIGH. On fees, CGDV is cheaper at 0.33% per year. On volatility, HIGH has been the lower-risk option at 1.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or HIGH?

Over the 3-year period, CGDV has performed better with a 24.15% return vs 2.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or HIGH?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.51% for HIGH.

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

HIGH has the higher dividend yield at 7.34%, compared with 1.17% for CGDV.

What is the main difference between CGDV and HIGH?

CGDV is categorized as Large Cap Value Equities, while HIGH is Derivative Income. They also come from different issuers: Capital Group and Simplify. Their fees differ too: 0.33% for CGDV and 0.51% for HIGH.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs -0.34), 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.