CGDV vs. RWK

Last updated Jul 21, 2026

CGDV (Capital Group Dividend Value ETF) and RWK (Invesco S&P MidCap 400 Revenue ETF) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while RWK is a Small Cap Blend Equities fund tracking the S&P MidCap 400 Revenue-Weighted Index. CGDV is actively managed, while RWK is passively managed. Over the past 3 years, CGDV returned 22.33%/yr vs 15.35%/yr for RWK. Their correlation of 0.83 suggests significant overlap in exposure. CGDV charges 0.33%/yr vs 0.39%/yr for RWK.

Performance

CGDV vs. RWK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and Invesco S&P MidCap 400 Revenue ETF (RWK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDV achieves a 12.11% return, which is significantly lower than RWK's 16.44% return.

CGDV

• 1D: -0.29%
• 1M: -0.40%
• 6M: 9.82%
• YTD: 12.11%
• 1Y: 21.34%
• 3Y*: 22.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.22%

RWK

• 1D: -0.93%
• 1M: 1.82%
• 6M: 10.32%
• YTD: 16.44%
• 1Y: 22.46%
• 3Y*: 15.35%
• 5Y*: 12.20%
• 10Y*: 12.69%
• ALL TIME*: 11.47%

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

CGDV vs. RWK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	12.11%	25.50%	20.10%	28.81%	-0.44%
RWK Invesco S&P MidCap 400 Revenue ETF	16.44%	10.27%	11.94%	23.76%	-0.53%

Correlation

The correlation between CGDV and RWK is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.83

The correlation between CGDV and RWK shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

CGDV vs. RWK - Sectors Allocation Comparison

Sectors	CGDV	RWK
Technology	34.5%	11.8%
Industrials	13.6%	23.3%
Consumer Cyclical	12.6%	21.0%
Communication Services	9.8%	1.4%
Healthcare	8.2%	4.7%
Financial Services	6.7%	13.0%
Consumer Defensive	5.8%	11.1%
Energy	3.9%	4.9%
Basic Materials	2.8%	4.4%
Utilities	1.0%	1.6%
Real Estate	1.0%	2.9%

Return for Risk

CGDV vs. RWK — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 70
CGDV Sharpe Ratio Rank: 72
CGDV Sortino Ratio Rank: 72
CGDV Omega Ratio Rank: 73
CGDV Calmar Ratio Rank: 58
CGDV Martin Ratio Rank: 75

RWK

RWK Risk / Return Rank: 54
RWK Sharpe Ratio Rank: 53
RWK Sortino Ratio Rank: 59
RWK Omega Ratio Rank: 51
RWK Calmar Ratio Rank: 53
RWK Martin Ratio Rank: 52

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. RWK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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	RWK	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.37	+0.36
Sortino ratio: Return per unit of downside risk	2.44	2.12	+0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.20	2.03	+0.17
Martin ratio: Return relative to average drawdown	10.17	6.54	+3.64

CGDV vs. RWK - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 1.73, which is comparable to the RWK Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of CGDV and RWK, 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. RWK - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, smaller than the maximum RWK drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for CGDV and RWK.

Drawdown Indicators

	CGDV	RWK	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-56.49%	+34.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-11.14%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-24.58%	+10.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.20%	—
Current Drawdown Current decline from peak	-1.72%	-1.68%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.54%	-7.51%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	3.45%	-1.35%

Volatility

CGDV vs. RWK - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) and Invesco S&P MidCap 400 Revenue ETF (RWK) have volatilities of 3.20% and 3.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	RWK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.12%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	11.96%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	16.49%	-4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.50%	20.94%	-5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	22.88%	-7.38%

CGDV vs. RWK - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is lower than RWK's 0.39% expense ratio.

Dividends

CGDV vs. RWK - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.20%, more than RWK's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.20%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWK Invesco S&P MidCap 400 Revenue ETF	1.02%	1.25%	1.11%	1.05%	1.18%	0.85%	0.96%	1.09%	1.22%	0.99%	1.30%	0.92%

Frequently Asked Questions

Can I hold both CGDV and RWK in my portfolio?

CGDV and RWK have a correlation of 0.69, 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 RWK?

CGDV has higher volatility (3.20%) compared to RWK (3.12%). In terms of maximum drawdown, CGDV dropped -21.82% vs RWK's -56.49%.

Which ETF is better, CGDV or RWK?

On 3-year performance, CGDV leads with 22.33% vs 15.35% for RWK. On fees, CGDV is cheaper at 0.33% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or RWK?

Over the 3-year period, CGDV has performed better with a 22.33% return vs 15.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or RWK?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.39% for RWK.

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

CGDV has the higher dividend yield at 1.20%, compared with 1.02% for RWK.

What is the main difference between CGDV and RWK?

CGDV is categorized as Large Cap Value Equities, while RWK is Small Cap Blend Equities. They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.33% for CGDV and 0.39% for RWK.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (1.73 vs 1.37), 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.