PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CGDV vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGDV vs. IWX

Last updated Aug 4, 2026
Documentation

CGDV (Capital Group Dividend Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. CGDV is actively managed, while IWX is passively managed. Over the past 3 years, CGDV returned 23.86%/yr vs 19.92%/yr for IWX. Their correlation of 0.87 means they have usually moved in the same direction. CGDV charges 0.33%/yr vs 0.20%/yr for IWX.

Performance

CGDV vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CGDV achieves a 15.82% return, which is significantly lower than IWX's 22.04% 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%

IWX

1D
0.94%
1M
3.56%
6M
15.64%
YTD
22.04%
1Y
36.20%
3Y*
19.92%
5Y*
12.91%
10Y*
12.05%
ALL TIME*
11.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CGDV

Capital Group Dividend Value ETF
$196.47M$192.49M$185.79M

IWX

iShares Russell Top 200 Value ETF
$52.73M$47.86M$34.45M

CGDV vs. IWX - Yearly Performance Comparison

2026 (YTD)2025202420232022
CGDV
Capital Group Dividend Value ETF		15.82%25.50%20.10%28.81%-0.44%
IWX
iShares Russell Top 200 Value ETF		22.04%18.23%14.89%10.45%-0.54%

Correlation

The correlation between CGDV and IWX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.76

Correlation (3Y)
Balances recent behavior with more history.

0.82

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2022

0.87

The correlation between CGDV and IWX shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

CGDV vs. IWX - Sectors Allocation Comparison

Sectors
CGDV
IWX

Technology

34.5%
22.6%

Industrials

13.6%
8.3%

Consumer Cyclical

12.6%
11.6%

Communication Services

9.8%
3.5%

Healthcare

8.2%
13.6%

Financial Services

6.7%
20.0%

Consumer Defensive

5.8%
8.2%

Energy

3.9%
5.1%

Basic Materials

2.8%
2.8%

Utilities

1.0%
2.6%

Real Estate

1.0%
1.8%

Technology

CGDV
34.5%
IWX
22.6%

Industrials

CGDV
13.6%
IWX
8.3%

Consumer Cyclical

CGDV
12.6%
IWX
11.6%

Communication Services

CGDV
9.8%
IWX
3.5%

Healthcare

CGDV
8.2%
IWX
13.6%

Financial Services

CGDV
6.7%
IWX
20.0%

Consumer Defensive

CGDV
5.8%
IWX
8.2%

Energy

CGDV
3.9%
IWX
5.1%

Basic Materials

CGDV
2.8%
IWX
2.8%

Utilities

CGDV
1.0%
IWX
2.6%

Real Estate

CGDV
1.0%
IWX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Capital Group Dividend Value ETF

iShares Russell Top 200 Value ETF

Often compared with CGDV:
CGDV vs. SCHDCGDV vs. SPYCGDV vs. DIVOCGDV vs. SCHGCGDV vs. FDVVCGDV vs. VOOCGDV vs. FDV
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

CGDV vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
CGDV
CGDV Risk / Return Rank: 8585
Overall Rank
CGDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CGDV Sortino Ratio Rank: 8787
Sortino Ratio Rank
CGDV Omega Ratio Rank: 8888
Omega Ratio Rank
CGDV Calmar Ratio Rank: 7777
Calmar Ratio Rank
CGDV Martin Ratio Rank: 8787
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9696
Overall Rank
IWX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9696
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGDV vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and iShares Russell Top 200 Value ETF (IWX). 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.

CGDVIWXDifference
Sharpe ratioReturn per unit of total volatility
2.16
3.40

-1.24

Sortino ratioReturn per unit of downside risk
2.99
4.70

-1.71

Omega ratioGain probability vs. loss probability

1.40

1.61

-0.22

Calmar ratioReturn relative to maximum drawdown

2.78

5.52

-2.74

Martin ratioReturn relative to average drawdown

12.97

24.26

-11.29

CGDV vs. IWX - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.16, which is lower than the IWX Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of CGDV and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

CGDV vs. IWX - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for CGDV and IWX.

Loading charts...

Drawdown Indicators

CGDVIWXDifference

Max Drawdown

Largest peak-to-trough decline

-21.82%

-35.76%

+13.94%

Max Drawdown (1Y)

Largest decline over 1 year

-9.75%

-6.59%

-3.16%

Max Drawdown (3Y)

Largest decline over 3 years

-14.28%

-13.37%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.52%

-3.79%

+0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

1.50%

+0.58%

Volatility

CGDV vs. IWX - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 3.54% compared to iShares Russell Top 200 Value ETF (IWX) at 2.94%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CGDVIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.54%

2.94%

+0.60%

Volatility (6M)

Calculated over the trailing 6-month period

10.15%

8.50%

+1.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.57%

10.71%

+1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.49%

13.89%

+1.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.49%

16.49%

-1.00%

CGDV vs. IWX - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

CGDV vs. IWX - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than IWX's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWX
iShares Russell Top 200 Value ETF		1.38%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

CGDV and IWX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CGDV has higher volatility (3.54%) compared to IWX (2.94%). In terms of maximum drawdown, CGDV dropped -21.82% vs IWX's -35.76%.

On 3-year performance, CGDV leads with 23.86% vs 19.92% for IWX. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 2.94%. 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 19.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.33% for CGDV.

IWX has the higher dividend yield at 1.38%, compared with 1.17% for CGDV.

They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.33% for CGDV and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.40 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.

Portfolio Optimizer

Find the right allocation for CGDV and IWX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer