CGDV vs. LQD
CGDV (Capital Group Dividend Value ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. CGDV is actively managed, while LQD is passively managed. Over the past 3 years, CGDV returned 24.15%/yr vs 5.30%/yr for LQD. At a 0.35 correlation, their price movements are largely independent. CGDV charges 0.33%/yr vs 0.15%/yr for LQD.
Performance
CGDV vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, CGDV achieves a 11.55% return, which is significantly higher than LQD's 0.82% return.
CGDV
- 1D
- 0.66%
- 1M
- 0.35%
- YTD
- 11.55%
- 6M
- 12.50%
- 1Y
- 28.33%
- 3Y*
- 24.15%
- 5Y*
- —
- 10Y*
- —
LQD
- 1D
- -0.06%
- 1M
- 0.80%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.80%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
CGDV vs. LQD - 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 0.86% | 9.40% | -11.30% |
Correlation
The correlation between CGDV and LQD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.35 |
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Return for Risk
CGDV vs. LQD — Risk / Return Rank
CGDV
LQD
CGDV vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.17 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.55 | +1.27 |
| Martin ratioReturn relative to average drawdown | 13.19 | 4.37 | +8.82 |
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Drawdowns
CGDV vs. LQD - Drawdown Comparison
The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for CGDV and LQD.
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Drawdown Indicators
| CGDV | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.82% | -24.95% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -3.34% | -6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -8.43% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -0.98% | -3.37% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -3.99% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.19% | +0.90% |
Volatility
CGDV vs. LQD - Volatility Comparison
Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.52% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.78%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGDV | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 1.78% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 4.02% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 5.37% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 8.65% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 8.69% | +6.88% |
CGDV vs. LQD - Expense Ratio Comparison
CGDV has a 0.33% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
CGDV vs. LQD - Dividend Comparison
CGDV's dividend yield for the trailing twelve months is around 1.17%, less than LQD's 4.55% 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
CGDV and LQD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGDV has higher volatility (4.52%) compared to LQD (1.78%). In terms of maximum drawdown, CGDV dropped -21.82% vs LQD's -24.95%.
On 3-year performance, CGDV leads with 24.15% vs 5.30% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.78%. 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 24.15% return vs 5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.33% for CGDV.
LQD has the higher dividend yield at 4.55%, compared with 1.17% for CGDV.
CGDV is categorized as Large Cap Value Equities, while LQD is Corporate Bonds. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.33% for CGDV and 0.15% for LQD.
CGDV currently has the higher Sharpe Ratio (2.27 vs 0.97), 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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