CGDV vs. IAUM

Last updated Jun 13, 2026

CGDV (Capital Group Dividend Value ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while IAUM is a Gold fund tracking the LBMA Gold Price PM. CGDV is actively managed, while IAUM is passively managed. Over the past 3 years, CGDV returned 24.15%/yr vs 29.28%/yr for IAUM. At a 0.17 correlation, their price movements are largely independent. CGDV charges 0.33%/yr vs 0.09%/yr for IAUM.

Performance

CGDV vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and iShares Gold Trust Micro (IAUM). 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 IAUM's -2.40% return.

CGDV

• 1D: 0.66%
• 1M: 0.35%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 28.33%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

IAUM

• 1D: 0.10%
• 1M: -9.51%
• YTD: -2.40%
• 6M: -2.08%
• 1Y: 22.55%
• 3Y*: 29.28%
• 5Y*: —
• 10Y*: —

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

CGDV vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%
IAUM iShares Gold Trust Micro	-2.40%	64.27%	27.04%	13.12%	-4.63%

Correlation

The correlation between CGDV and IAUM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.17

CGDV vs. IAUM - Sectors Allocation Comparison

Sectors	CGDV	IAUM
Technology	34.1%	-
Industrials	13.2%	-
Healthcare	11.5%	-
Consumer Cyclical	10.6%	-
Communication Services	8.4%	-
Financial Services	6.8%	-
Consumer Defensive	5.5%	-
Energy	3.8%	-
Basic Materials	2.9%	-
Utilities	2.1%	-
Real Estate	1.1%	100.0%

Return for Risk

CGDV vs. IAUM — 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

IAUM

IAUM Risk / Return Rank: 27
IAUM Sharpe Ratio Rank: 28
IAUM Sortino Ratio Rank: 25
IAUM Omega Ratio Rank: 31
IAUM Calmar Ratio Rank: 24
IAUM Martin Ratio Rank: 25

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. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and iShares Gold Trust Micro (IAUM). 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	IAUM	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.90	+1.37
Sortino ratio: Return per unit of downside risk	3.11	1.26	+1.85
Omega ratio: Gain probability vs. loss probability	1.42	1.19	+0.24
Calmar ratio: Return relative to maximum drawdown	2.83	1.00	+1.83
Martin ratio: Return relative to average drawdown	13.19	2.87	+10.32

CGDV vs. IAUM - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.27, which is higher than the IAUM Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CGDV and IAUM, 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. IAUM - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum IAUM drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for CGDV and IAUM.

Drawdown Indicators

	CGDV	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-24.37%	+2.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-24.37%	+14.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-24.37%	+10.09%
Current Drawdown Current decline from peak	-0.98%	-21.99%	+21.01%
Average Drawdown Average peak-to-trough decline	-3.60%	-5.38%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	8.46%	-6.37%

Volatility

CGDV vs. IAUM - Volatility Comparison

The current volatility for Capital Group Dividend Value ETF (CGDV) is 4.52%, while iShares Gold Trust Micro (IAUM) has a volatility of 7.71%. This indicates that CGDV experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	7.71%	-3.19%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	23.82%	-14.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	27.06%	-14.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	18.05%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	18.05%	-2.48%

CGDV vs. IAUM - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is higher than IAUM's 0.09% expense ratio.

Dividends

CGDV vs. IAUM - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, while IAUM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGDV and IAUM in my portfolio?

CGDV and IAUM have a correlation of 0.24, 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 IAUM?

IAUM has higher volatility (7.71%) compared to CGDV (4.52%). In terms of maximum drawdown, CGDV dropped -21.82% vs IAUM's -24.37%.

Which ETF is better, CGDV or IAUM?

On 3-year performance, IAUM leads with 29.28% vs 24.15% for CGDV. On fees, IAUM is cheaper at 0.09% per year. On volatility, CGDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or IAUM?

Over the 3-year period, IAUM has performed better with a 29.28% return vs 24.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or IAUM?

IAUM is cheaper with a 0.09% expense ratio, compared with 0.33% for CGDV.

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

CGDV has the higher dividend yield at 1.17%, compared with 0.00% for IAUM.

What is the main difference between CGDV and IAUM?

CGDV is categorized as Large Cap Value Equities, while IAUM is Gold. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.33% for CGDV and 0.09% for IAUM.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs 0.90), 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.