CGDV vs. VFLO

Last updated Jul 15, 2026

CGDV (Capital Group Dividend Value ETF) and VFLO (VictoryShares Free Cash Flow ETF) are both Large Cap Value Equities funds. CGDV is actively managed, while VFLO is passively managed. Over the past 3 years, CGDV returned 23.13%/yr vs 24.21%/yr for VFLO. A 0.71 correlation means they provide meaningful diversification when combined. CGDV charges 0.33%/yr vs 0.39%/yr for VFLO.

Performance

CGDV vs. VFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) and VictoryShares Free Cash Flow ETF (VFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDV achieves a 12.94% return, which is significantly lower than VFLO's 20.99% return.

CGDV

• 1D: -0.10%
• 1M: 1.25%
• 6M: 10.91%
• YTD: 12.94%
• 1Y: 22.12%
• 3Y*: 23.13%
• 5Y*: —
• 10Y*: —

VFLO

• 1D: -0.79%
• 1M: 2.58%
• 6M: 18.70%
• YTD: 20.99%
• 1Y: 34.44%
• 3Y*: 24.21%
• 5Y*: —
• 10Y*: —

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

CGDV vs. VFLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGDV Capital Group Dividend Value ETF	12.94%	25.50%	20.10%	13.42%
VFLO VictoryShares Free Cash Flow ETF	20.99%	17.51%	21.83%	15.05%

Correlation

The correlation between CGDV and VFLO is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.71

The correlation between CGDV and VFLO shifts across timeframes, from 0.53 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

CGDV vs. VFLO - Sectors Allocation Comparison

Sectors	CGDV	VFLO
Technology	35.8%	44.4%
Industrials	12.6%	3.6%
Consumer Cyclical	10.9%	15.9%
Healthcare	10.2%	17.9%
Communication Services	8.9%	4.2%
Financial Services	6.4%	0.0%
Consumer Defensive	6.1%	0.0%
Energy	4.4%	8.6%
Basic Materials	2.8%	4.1%
Real Estate	1.1%	0.0%
Utilities	1.0%	1.3%

Return for Risk

CGDV vs. VFLO — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 68
CGDV Sharpe Ratio Rank: 70
CGDV Sortino Ratio Rank: 70
CGDV Omega Ratio Rank: 71
CGDV Calmar Ratio Rank: 57
CGDV Martin Ratio Rank: 73

VFLO

VFLO Risk / Return Rank: 88
VFLO Sharpe Ratio Rank: 87
VFLO Sortino Ratio Rank: 87
VFLO Omega Ratio Rank: 83
VFLO Calmar Ratio Rank: 94
VFLO Martin Ratio Rank: 91

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. VFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) and VictoryShares Free Cash Flow ETF (VFLO). 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	VFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.21	-0.41
Sortino ratio: Return per unit of downside risk	2.53	3.14	-0.61
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.28	5.37	-3.09
Martin ratio: Return relative to average drawdown	10.57	16.75	-6.18

CGDV vs. VFLO - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 1.80, which is comparable to the VFLO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of CGDV and VFLO, 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. VFLO - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, which is greater than VFLO's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for CGDV and VFLO.

Drawdown Indicators

	CGDV	VFLO	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-17.79%	-4.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-6.44%	-3.31%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-17.79%	+3.51%
Current Drawdown Current decline from peak	-0.99%	-1.34%	+0.35%
Average Drawdown Average peak-to-trough decline	-3.55%	-2.46%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.08%	+0.02%

Volatility

CGDV vs. VFLO - Volatility Comparison

The current volatility for Capital Group Dividend Value ETF (CGDV) is 3.54%, while VictoryShares Free Cash Flow ETF (VFLO) has a volatility of 4.29%. This indicates that CGDV experiences smaller price fluctuations and is considered to be less risky than VFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDV	VFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	4.29%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	12.11%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	15.65%	-3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	16.00%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	16.00%	-0.48%

CGDV vs. VFLO - Expense Ratio Comparison

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

Dividends

CGDV vs. VFLO - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.20%, more than VFLO's 1.13% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.20%	1.29%	1.60%	1.65%	1.36%
VFLO VictoryShares Free Cash Flow ETF	1.13%	1.60%	1.20%	0.71%	0.00%

Frequently Asked Questions

Can I hold both CGDV and VFLO in my portfolio?

CGDV and VFLO have a correlation of 0.53, 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 VFLO?

VFLO has higher volatility (4.29%) compared to CGDV (3.54%). In terms of maximum drawdown, CGDV dropped -21.82% vs VFLO's -17.79%.

Which ETF is better, CGDV or VFLO?

On 3-year performance, VFLO leads with 24.21% vs 23.13% for CGDV. On fees, CGDV is cheaper at 0.33% per year. On volatility, CGDV has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or VFLO?

Over the 3-year period, VFLO has performed better with a 24.21% return vs 23.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or VFLO?

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

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

CGDV has the higher dividend yield at 1.20%, compared with 1.13% for VFLO.

What is the main difference between CGDV and VFLO?

They also come from different issuers: Capital Group and Victory. Their fees differ too: 0.33% for CGDV and 0.39% for VFLO.

Which has better risk-adjusted returns?

VFLO currently has the higher Sharpe Ratio (2.21 vs 1.80), 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.