CGDV vs. NGD

Last updated Jun 9, 2026

CGDV (Capital Group Dividend Value ETF) is Large Cap Value Equities fund actively managed by Capital Group, while NGD (New Gold Inc.) is a stock. At a 0.27 correlation, their price movements are largely independent.

Performance

CGDV vs. NGD - Performance Comparison

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

Returns By Period

CGDV

• 1D: 0.13%
• 1M: 1.46%
• YTD: 10.15%
• 6M: 10.88%
• 1Y: 27.58%
• 3Y*: 24.27%
• 5Y*: —
• 10Y*: —

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGDV vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	10.15%	25.50%	20.10%	28.81%	-2.89%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-40.61%

Correlation

The correlation between CGDV and NGD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.27

Return for Risk

CGDV vs. NGD — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 76
CGDV Sharpe Ratio Rank: 81
CGDV Sortino Ratio Rank: 80
CGDV Omega Ratio Rank: 81
CGDV Calmar Ratio Rank: 63
CGDV Martin Ratio Rank: 77

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. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and New Gold Inc. (NGD). 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.

	CGDV	NGD	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.20	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	2.84	—	—
Martin ratio: Return relative to average drawdown	13.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CGDV	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	—	—

Drawdowns

Drawdown Indicators

	CGDV	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	—	—
Current Drawdown Current decline from peak	-2.22%	—	—
Average Drawdown Average peak-to-trough decline	-3.61%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	—	—

Volatility

Volatility by Period

	CGDV	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	—	—

Dividends

CGDV vs. NGD - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.19%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.19%	1.29%	1.60%	1.65%	1.36%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGDV and NGD in my portfolio?

CGDV and NGD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.