CGDV vs. VBTLX

Last updated Jun 14, 2026

CGDV (Capital Group Dividend Value ETF) and VBTLX (Vanguard Total Bond Market Index Fund Admiral Shares) are both funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while VBTLX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. CGDV is actively managed, while VBTLX is passively managed. Over the past 3 years, CGDV returned 24.15%/yr vs 4.05%/yr for VBTLX. At a 0.17 correlation, their price movements are largely independent. CGDV charges 0.33%/yr vs 0.04%/yr for VBTLX.

Performance

CGDV vs. VBTLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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 VBTLX's 0.42% return.

CGDV

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

VBTLX

• 1D: 0.52%
• 1M: 0.55%
• YTD: 0.42%
• 6M: 0.97%
• 1Y: 4.90%
• 3Y*: 4.05%
• 5Y*: 0.05%
• 10Y*: 1.54%

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

CGDV vs. VBTLX - 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%
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares	0.42%	7.17%	1.26%	5.74%	-9.25%

Correlation

The correlation between CGDV and VBTLX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.17

The correlation between CGDV and VBTLX shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CGDV vs. VBTLX — 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

VBTLX

VBTLX Risk / Return Rank: 30
VBTLX Sharpe Ratio Rank: 30
VBTLX Sortino Ratio Rank: 33
VBTLX Omega Ratio Rank: 29
VBTLX Calmar Ratio Rank: 31
VBTLX 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. VBTLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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	VBTLX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.25	+1.02
Sortino ratio: Return per unit of downside risk	3.11	1.89	+1.22
Omega ratio: Gain probability vs. loss probability	1.42	1.22	+0.20
Calmar ratio: Return relative to maximum drawdown	2.83	1.70	+1.12
Martin ratio: Return relative to average drawdown	13.19	4.93	+8.26

CGDV vs. VBTLX - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.27, which is higher than the VBTLX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of CGDV and VBTLX, 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. VBTLX - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for CGDV and VBTLX.

Drawdown Indicators

	CGDV	VBTLX	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-18.81%	-3.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-2.89%	-6.86%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-6.00%	-8.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.81%	—
Current Drawdown Current decline from peak	-0.98%	-2.18%	+1.20%
Average Drawdown Average peak-to-trough decline	-3.60%	-2.67%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.00%	+1.09%

Volatility

CGDV vs. VBTLX - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.52% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.33%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	VBTLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	1.33%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	2.85%	+6.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	3.93%	+8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	6.01%	+9.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	4.98%	+10.59%

CGDV vs. VBTLX - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is higher than VBTLX's 0.04% expense ratio.

Dividends

CGDV vs. VBTLX - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than VBTLX's 3.98% 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%
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares	3.98%	3.87%	3.69%	3.10%	2.59%	1.96%	2.39%	2.74%	2.57%	2.56%	2.53%	2.82%

Frequently Asked Questions

Can I hold both CGDV and VBTLX in my portfolio?

CGDV and VBTLX have a correlation of 0.29, 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 VBTLX?

CGDV has higher volatility (4.52%) compared to VBTLX (1.33%). In terms of maximum drawdown, CGDV dropped -21.82% vs VBTLX's -18.81%.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs 1.25), 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.