CGMM vs. CGDV

Last updated Jun 24, 2026

CGMM (Capital Group U.S. Small and Mid Cap ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - CGMM is a Mid Cap Blend Equities fund actively managed by Capital Group, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Both are actively managed. Over the past year, CGMM returned 22.70% vs 27.24% for CGDV. Their correlation of 0.81 suggests significant overlap in exposure. CGMM charges 0.51%/yr vs 0.33%/yr for CGDV.

Performance

CGMM vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Small and Mid Cap ETF (CGMM) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CGMM having a 11.23% return and CGDV slightly lower at 11.07%.

CGMM

• 1D: -0.96%
• 1M: 1.62%
• YTD: 11.23%
• 6M: 9.09%
• 1Y: 22.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGDV

• 1D: -1.04%
• 1M: 0.75%
• YTD: 11.07%
• 6M: 10.39%
• 1Y: 27.24%
• 3Y*: 24.17%
• 5Y*: —
• 10Y*: —

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

CGMM vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025
CGMM Capital Group U.S. Small and Mid Cap ETF	11.23%	12.15%
CGDV Capital Group Dividend Value ETF	11.07%	24.51%

Correlation

The correlation between CGMM and CGDV is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.81

The correlation between CGMM and CGDV has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

CGMM vs. CGDV - Sectors Allocation Comparison

Sectors	CGMM	CGDV
Industrials	21.5%	12.9%
Technology	19.9%	33.1%
Financial Services	16.1%	6.6%
Consumer Cyclical	13.8%	11.3%
Healthcare	9.7%	10.4%
Consumer Defensive	4.9%	6.0%
Energy	3.1%	4.4%
Utilities	3.1%	1.0%
Communication Services	2.8%	8.3%
Real Estate	2.6%	1.1%
Basic Materials	2.6%	2.8%

Return for Risk

CGMM vs. CGDV — Risk / Return Rank

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

CGMM

CGMM Risk / Return Rank: 45
CGMM Sharpe Ratio Rank: 43
CGMM Sortino Ratio Rank: 43
CGMM Omega Ratio Rank: 39
CGMM Calmar Ratio Rank: 49
CGMM Martin Ratio Rank: 53

CGDV

CGDV Risk / Return Rank: 69
CGDV Sharpe Ratio Rank: 72
CGDV Sortino Ratio Rank: 71
CGDV Omega Ratio Rank: 73
CGDV Calmar Ratio Rank: 59
CGDV Martin Ratio Rank: 72

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.

CGMM vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Small and Mid Cap ETF (CGMM) and Capital Group Dividend Value ETF (CGDV). 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.

	CGMM	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.23	-0.82
Sortino ratio: Return per unit of downside risk	2.06	3.06	-1.00
Omega ratio: Gain probability vs. loss probability	1.24	1.41	-0.17
Calmar ratio: Return relative to maximum drawdown	2.26	2.81	-0.55
Martin ratio: Return relative to average drawdown	8.62	13.07	-4.45

CGMM vs. CGDV - Sharpe Ratio Comparison

The current CGMM Sharpe Ratio is 1.41, which is lower than the CGDV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of CGMM and CGDV, 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

CGMM vs. CGDV - Drawdown Comparison

The maximum CGMM drawdown since its inception was -21.04%, roughly equal to the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for CGMM and CGDV.

Drawdown Indicators

	CGMM	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-21.04%	-21.82%	+0.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-9.75%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.28%	—
Current Drawdown Current decline from peak	-0.96%	-1.79%	+0.83%
Average Drawdown Average peak-to-trough decline	-3.17%	-3.59%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.09%	+0.55%

Volatility

CGMM vs. CGDV - Volatility Comparison

Capital Group U.S. Small and Mid Cap ETF (CGMM) and Capital Group Dividend Value ETF (CGDV) have volatilities of 4.69% and 4.64%, 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

	CGMM	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.64%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	9.92%	+2.29%
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	12.28%	+3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	15.57%	+4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	15.57%	+4.66%

CGMM vs. CGDV - Expense Ratio Comparison

CGMM has a 0.51% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

CGMM vs. CGDV - Dividend Comparison

CGMM's dividend yield for the trailing twelve months is around 0.36%, less than CGDV's 1.18% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.18%	1.29%	1.60%	1.65%	1.36%
CGMM Capital Group U.S. Small and Mid Cap ETF	0.36%	0.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGMM and CGDV in my portfolio?

CGMM and CGDV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGMM or CGDV?

CGMM has higher volatility (4.69%) compared to CGDV (4.64%). In terms of maximum drawdown, CGMM dropped -21.04% vs CGDV's -21.82%.

Which ETF is better, CGMM or CGDV?

On 1-year performance, CGDV leads with 27.24% vs 22.70% for CGMM. 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, CGMM or CGDV?

Over the 1-year period, CGDV has performed better with a 27.24% return vs 22.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGMM or CGDV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.51% for CGMM.

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

CGDV has the higher dividend yield at 1.18%, compared with 0.36% for CGMM.

What is the main difference between CGMM and CGDV?

CGMM is categorized as Mid Cap Blend Equities, while CGDV is Large Cap Value Equities. Their fees differ too: 0.51% for CGMM and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.23 vs 1.41), 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.