CGDV vs. VCSH

Last updated Jun 14, 2026

CGDV (Capital Group Dividend Value ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while VCSH is a Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index. CGDV is actively managed, while VCSH is passively managed. Over the past 3 years, CGDV returned 24.15%/yr vs 5.69%/yr for VCSH. At a 0.30 correlation, their price movements are largely independent. CGDV charges 0.33%/yr vs 0.04%/yr for VCSH.

Performance

CGDV vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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 VCSH's 0.80% return.

CGDV

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

VCSH

• 1D: -0.03%
• 1M: 0.30%
• YTD: 0.80%
• 6M: 1.22%
• 1Y: 4.60%
• 3Y*: 5.69%
• 5Y*: 2.33%
• 10Y*: 2.70%

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

CGDV vs. VCSH - 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%
VCSH Vanguard Short-Term Corporate Bond ETF	0.80%	6.77%	4.91%	6.20%	-3.37%

Correlation

The correlation between CGDV and VCSH is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.30

Return for Risk

CGDV vs. VCSH — 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

VCSH

VCSH Risk / Return Rank: 82
VCSH Sharpe Ratio Rank: 85
VCSH Sortino Ratio Rank: 90
VCSH Omega Ratio Rank: 87
VCSH Calmar Ratio Rank: 72
VCSH Martin Ratio Rank: 78

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. VCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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	VCSH	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.37	-0.10
Sortino ratio: Return per unit of downside risk	3.11	3.71	-0.61
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.04
Calmar ratio: Return relative to maximum drawdown	2.83	3.18	-0.35
Martin ratio: Return relative to average drawdown	13.19	12.95	+0.24

CGDV vs. VCSH - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.27, which is comparable to the VCSH Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of CGDV and VCSH, 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. VCSH - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for CGDV and VCSH.

Drawdown Indicators

	CGDV	VCSH	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-12.86%	-8.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-1.40%	-8.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-1.40%	-12.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-9.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-12.86%	—
Current Drawdown Current decline from peak	-0.98%	-0.17%	-0.81%
Average Drawdown Average peak-to-trough decline	-3.60%	-0.97%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	0.34%	+1.75%

Volatility

CGDV vs. VCSH - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.52% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.66%. This indicates that CGDV's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	VCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	0.66%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	1.42%	+8.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	1.88%	+10.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	2.88%	+12.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	3.35%	+12.22%

CGDV vs. VCSH - Expense Ratio Comparison

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

Dividends

CGDV vs. VCSH - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than VCSH's 4.45% 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%
VCSH Vanguard Short-Term Corporate Bond ETF	4.45%	4.35%	3.96%	3.09%	2.01%	1.81%	2.27%	2.87%	2.65%	2.26%	2.10%	2.08%

Frequently Asked Questions

Can I hold both CGDV and VCSH in my portfolio?

CGDV and VCSH have a correlation of 0.38, 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 VCSH?

CGDV has higher volatility (4.52%) compared to VCSH (0.66%). In terms of maximum drawdown, CGDV dropped -21.82% vs VCSH's -12.86%.

Which ETF is better, CGDV or VCSH?

On 3-year performance, CGDV leads with 24.15% vs 5.69% for VCSH. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or VCSH?

Over the 3-year period, CGDV has performed better with a 24.15% return vs 5.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or VCSH?

VCSH is cheaper with a 0.04% expense ratio, compared with 0.33% for CGDV.

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

VCSH has the higher dividend yield at 4.45%, compared with 1.17% for CGDV.

What is the main difference between CGDV and VCSH?

CGDV is categorized as Large Cap Value Equities, while VCSH is Corporate Bonds. They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.33% for CGDV and 0.04% for VCSH.

Which has better risk-adjusted returns?

VCSH currently has the higher Sharpe Ratio (2.37 vs 2.27), 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.