CGNAX vs. CGDV

Last updated Jun 5, 2026

CGNAX (American Funds Growth and Income Portfolio) and CGDV (Capital Group Dividend Value ETF) are both funds - CGNAX is a Diversified Portfolio fund managed by American Funds, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Over the past 3 years, CGNAX returned 17.32%/yr vs 25.65%/yr for CGDV. Their correlation of 0.94 suggests significant overlap in exposure. CGNAX charges 0.36%/yr vs 0.33%/yr for CGDV.

Performance

CGNAX vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Growth and Income Portfolio (CGNAX) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGNAX achieves a 8.42% return, which is significantly lower than CGDV's 12.65% return.

CGNAX

• 1D: -0.52%
• 1M: 2.81%
• YTD: 8.42%
• 6M: 8.82%
• 1Y: 20.84%
• 3Y*: 17.32%
• 5Y*: 9.12%
• 10Y*: 10.77%

CGDV

• 1D: 0.68%
• 1M: 5.08%
• YTD: 12.65%
• 6M: 13.07%
• 1Y: 31.52%
• 3Y*: 25.65%
• 5Y*: —
• 10Y*: —

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

CGNAX vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGNAX American Funds Growth and Income Portfolio	8.42%	17.85%	14.51%	18.73%	-8.13%
CGDV Capital Group Dividend Value ETF	12.65%	25.50%	20.10%	28.81%	-2.89%

Correlation

The correlation between CGNAX and CGDV is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.94

The correlation between CGNAX and CGDV has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

CGNAX vs. CGDV — Risk / Return Rank

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

CGNAX

CGNAX Risk / Return Rank: 52
CGNAX Sharpe Ratio Rank: 51
CGNAX Sortino Ratio Rank: 51
CGNAX Omega Ratio Rank: 51
CGNAX Calmar Ratio Rank: 46
CGNAX Martin Ratio Rank: 59

CGDV

CGDV Risk / Return Rank: 80
CGDV Sharpe Ratio Rank: 84
CGDV Sortino Ratio Rank: 85
CGDV Omega Ratio Rank: 85
CGDV Calmar Ratio Rank: 66
CGDV Martin Ratio Rank: 80

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.

CGNAX vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Growth and Income Portfolio (CGNAX) 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.

	CGNAX	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.73	-0.62
Sortino ratio: Return per unit of downside risk	3.00	3.75	-0.75
Omega ratio: Gain probability vs. loss probability	1.39	1.51	-0.12
Calmar ratio: Return relative to maximum drawdown	2.58	3.25	-0.67
Martin ratio: Return relative to average drawdown	11.69	15.36	-3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGNAX vs. CGDV - Sharpe Ratio Comparison

The current CGNAX Sharpe Ratio is 2.11, which is comparable to the CGDV Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of CGNAX 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.

Sharpe Ratios by Period

	CGNAX	CGDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.73	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.25	-0.39

Drawdowns

CGNAX vs. CGDV - Drawdown Comparison

The maximum CGNAX drawdown since its inception was -26.56%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for CGNAX and CGDV.

Drawdown Indicators

	CGNAX	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-26.56%	-21.82%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-9.75%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-13.09%	-14.28%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	-23.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.56%	—	—
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-3.45%	-3.61%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.06%	-0.24%

Volatility

CGNAX vs. CGDV - Volatility Comparison

American Funds Growth and Income Portfolio (CGNAX) and Capital Group Dividend Value ETF (CGDV) have volatilities of 3.08% and 3.08%, 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

	CGNAX	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.08%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	9.15%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.10%	11.58%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.60%	15.48%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.19%	15.48%	-2.29%

CGNAX vs. CGDV - Expense Ratio Comparison

CGNAX has a 0.36% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

CGNAX vs. CGDV - Dividend Comparison

CGNAX's dividend yield for the trailing twelve months is around 5.05%, more than CGDV's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.16%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CGNAX American Funds Growth and Income Portfolio	5.05%	5.48%	4.79%	2.78%	6.42%	5.11%	3.97%	5.48%	6.06%	3.40%	4.30%	4.51%

Frequently Asked Questions

Can I hold both CGNAX and CGDV in my portfolio?

With a correlation of 0.92, CGNAX and CGDV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CGNAX or CGDV?

CGDV has higher volatility (3.08%) compared to CGNAX (3.08%). In terms of maximum drawdown, CGNAX dropped -26.56% vs CGDV's -21.82%.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.73 vs 2.11), 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.