CGUS vs. FDGFX

Last updated Jun 4, 2026

CGUS (Capital Group Core Equity ETF) and FDGFX (Fidelity Dividend Growth Fund) are both funds - CGUS is a Large Cap Blend Equities fund actively managed by Capital Group, while FDGFX is a Large Cap Value Equities fund managed by Fidelity. Over the past 3 years, CGUS returned 22.34%/yr vs 27.43%/yr for FDGFX. Their correlation of 0.94 suggests significant overlap in exposure. CGUS charges 0.33%/yr vs 0.48%/yr for FDGFX.

Performance

CGUS vs. FDGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Equity ETF (CGUS) and Fidelity Dividend Growth Fund (FDGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGUS achieves a 9.93% return, which is significantly lower than FDGFX's 17.51% return.

CGUS

• 1D: -0.74%
• 1M: 3.74%
• YTD: 9.93%
• 6M: 10.08%
• 1Y: 25.53%
• 3Y*: 22.34%
• 5Y*: —
• 10Y*: —

FDGFX

• 1D: -0.08%
• 1M: 5.10%
• YTD: 17.51%
• 6M: 19.03%
• 1Y: 39.07%
• 3Y*: 27.43%
• 5Y*: 16.05%
• 10Y*: 14.19%

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

CGUS vs. FDGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGUS Capital Group Core Equity ETF	9.93%	16.21%	24.89%	27.72%	-7.94%
FDGFX Fidelity Dividend Growth Fund	17.51%	22.48%	27.58%	17.86%	-2.13%

Correlation

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

Return for Risk

CGUS vs. FDGFX — Risk / Return Rank

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

CGUS

CGUS Risk / Return Rank: 60
CGUS Sharpe Ratio Rank: 61
CGUS Sortino Ratio Rank: 59
CGUS Omega Ratio Rank: 61
CGUS Calmar Ratio Rank: 53
CGUS Martin Ratio Rank: 67

FDGFX

FDGFX Risk / Return Rank: 86
FDGFX Sharpe Ratio Rank: 90
FDGFX Sortino Ratio Rank: 84
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 84
FDGFX Martin Ratio Rank: 89

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.

CGUS vs. FDGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Equity ETF (CGUS) and Fidelity Dividend Growth Fund (FDGFX). 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.

	CGUS	FDGFX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.98	-0.90
Sortino ratio: Return per unit of downside risk	2.83	3.97	-1.14
Omega ratio: Gain probability vs. loss probability	1.38	1.53	-0.15
Calmar ratio: Return relative to maximum drawdown	2.67	3.96	-1.28
Martin ratio: Return relative to average drawdown	12.44	17.79	-5.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGUS vs. FDGFX - Sharpe Ratio Comparison

The current CGUS Sharpe Ratio is 2.08, which is lower than the FDGFX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of CGUS and FDGFX, 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

	CGUS	FDGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.98	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.97	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.53	+0.45

Drawdowns

CGUS vs. FDGFX - Drawdown Comparison

The maximum CGUS drawdown since its inception was -21.86%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for CGUS and FDGFX.

Drawdown Indicators

	CGUS	FDGFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-60.77%	+38.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-10.16%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	-21.37%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.29%	—
Current Drawdown Current decline from peak	-0.74%	-0.08%	-0.66%
Average Drawdown Average peak-to-trough decline	-4.65%	-7.52%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.26%	-0.20%

Volatility

CGUS vs. FDGFX - Volatility Comparison

The current volatility for Capital Group Core Equity ETF (CGUS) is 2.89%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 4.03%. This indicates that CGUS experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGUS	FDGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	4.03%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	10.59%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	13.48%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	16.59%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	19.22%	-2.84%

CGUS vs. FDGFX - Expense Ratio Comparison

CGUS has a 0.33% expense ratio, which is lower than FDGFX's 0.48% expense ratio.

Dividends

CGUS vs. FDGFX - Dividend Comparison

CGUS's dividend yield for the trailing twelve months is around 0.87%, less than FDGFX's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGUS Capital Group Core Equity ETF	0.87%	0.95%	1.02%	1.22%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDGFX Fidelity Dividend Growth Fund	8.12%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%

Frequently Asked Questions

Can I hold both CGUS and FDGFX in my portfolio?

With a correlation of 0.92, CGUS and FDGFX 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, CGUS or FDGFX?

FDGFX has higher volatility (4.03%) compared to CGUS (2.89%). In terms of maximum drawdown, CGUS dropped -21.86% vs FDGFX's -60.77%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.98 vs 2.08), 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.