CGV vs. DFIV

Last updated Jun 24, 2026

CGV (Conductor Global Equity Value ETF) and DFIV (Dimensional International Value ETF) are both exchange-traded funds - CGV is a Foreign Small & Mid Cap Equities fund actively managed by Conductor Fund, while DFIV is a Foreign Large Cap Equities fund actively managed by Dimensional. Both are actively managed. Over the past 3 years, CGV returned 11.34%/yr vs 22.72%/yr for DFIV. A 0.79 correlation means they provide meaningful diversification when combined. CGV charges 1.25%/yr vs 0.27%/yr for DFIV.

Performance

CGV vs. DFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Conductor Global Equity Value ETF (CGV) and Dimensional International Value ETF (DFIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGV achieves a 7.53% return, which is significantly lower than DFIV's 8.43% return.

CGV

• 1D: -1.57%
• 1M: -3.07%
• YTD: 7.53%
• 6M: 6.77%
• 1Y: 21.28%
• 3Y*: 11.34%
• 5Y*: —
• 10Y*: —

DFIV

• 1D: -2.74%
• 1M: -2.79%
• YTD: 8.43%
• 6M: 8.10%
• 1Y: 30.90%
• 3Y*: 22.72%
• 5Y*: —
• 10Y*: —

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

CGV vs. DFIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGV Conductor Global Equity Value ETF	7.53%	23.11%	-3.34%	5.72%	3.64%
DFIV Dimensional International Value ETF	8.43%	45.36%	7.26%	17.75%	3.84%

Correlation

The correlation between CGV and DFIV is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 1, 2022	0.79

The correlation between CGV and DFIV has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

CGV vs. DFIV - Sectors Allocation Comparison

Sectors	CGV	DFIV
Basic Materials	21.2%	11.4%
Industrials	14.3%	9.8%
Consumer Defensive	12.6%	4.9%
Energy	11.7%	15.3%
Technology	11.7%	3.2%
Consumer Cyclical	10.3%	10.0%
Financial Services	5.2%	32.4%
Healthcare	4.2%	4.9%
Utilities	4.0%	2.2%
Communication Services	3.6%	4.3%
Real Estate	1.2%	1.7%

Return for Risk

CGV vs. DFIV — Risk / Return Rank

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

CGV

CGV Risk / Return Rank: 42
CGV Sharpe Ratio Rank: 45
CGV Sortino Ratio Rank: 42
CGV Omega Ratio Rank: 43
CGV Calmar Ratio Rank: 38
CGV Martin Ratio Rank: 40

DFIV

DFIV Risk / Return Rank: 68
DFIV Sharpe Ratio Rank: 70
DFIV Sortino Ratio Rank: 67
DFIV Omega Ratio Rank: 68
DFIV Calmar Ratio Rank: 67
DFIV Martin Ratio Rank: 69

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.

CGV vs. DFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conductor Global Equity Value ETF (CGV) and Dimensional International Value ETF (DFIV). 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.

	CGV	DFIV	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.17	-0.73
Sortino ratio: Return per unit of downside risk	1.97	2.95	-0.97
Omega ratio: Gain probability vs. loss probability	1.26	1.39	-0.13
Calmar ratio: Return relative to maximum drawdown	1.76	3.21	-1.45
Martin ratio: Return relative to average drawdown	5.96	12.28	-6.31

CGV vs. DFIV - Sharpe Ratio Comparison

The current CGV Sharpe Ratio is 1.44, which is lower than the DFIV Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CGV and DFIV, 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

CGV vs. DFIV - Drawdown Comparison

The maximum CGV drawdown since its inception was -16.64%, smaller than the maximum DFIV drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for CGV and DFIV.

Drawdown Indicators

	CGV	DFIV	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-25.42%	+8.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-9.66%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-16.64%	-14.72%	-1.92%
Current Drawdown Current decline from peak	-7.59%	-3.78%	-3.81%
Average Drawdown Average peak-to-trough decline	-3.67%	-4.45%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	2.52%	+1.06%

Volatility

CGV vs. DFIV - Volatility Comparison

Conductor Global Equity Value ETF (CGV) has a higher volatility of 5.95% compared to Dimensional International Value ETF (DFIV) at 4.96%. This indicates that CGV's price experiences larger fluctuations and is considered to be riskier than DFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGV	DFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	4.96%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	11.79%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	14.32%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.68%	16.67%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.68%	16.67%	-2.99%

CGV vs. DFIV - Expense Ratio Comparison

CGV has a 1.25% expense ratio, which is higher than DFIV's 0.27% expense ratio.

Dividends

CGV vs. DFIV - Dividend Comparison

CGV's dividend yield for the trailing twelve months is around 5.10%, more than DFIV's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021
CGV Conductor Global Equity Value ETF	5.10%	4.58%	2.87%	4.56%	0.71%	0.00%
DFIV Dimensional International Value ETF	2.63%	2.92%	3.88%	3.93%	3.84%	2.30%

Frequently Asked Questions

Can I hold both CGV and DFIV in my portfolio?

CGV and DFIV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGV or DFIV?

CGV has higher volatility (5.95%) compared to DFIV (4.96%). In terms of maximum drawdown, CGV dropped -16.64% vs DFIV's -25.42%.

Which ETF is better, CGV or DFIV?

On 3-year performance, DFIV leads with 22.72% vs 11.34% for CGV. On fees, DFIV is cheaper at 0.27% per year. On volatility, DFIV has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGV or DFIV?

Over the 3-year period, DFIV has performed better with a 22.72% return vs 11.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGV or DFIV?

DFIV is cheaper with a 0.27% expense ratio, compared with 1.25% for CGV.

Which ETF pays a higher dividend yield, CGV or DFIV?

CGV has the higher dividend yield at 5.10%, compared with 2.63% for DFIV.

What is the main difference between CGV and DFIV?

CGV is categorized as Foreign Small & Mid Cap Equities, while DFIV is Foreign Large Cap Equities. They also come from different issuers: Conductor Fund and Dimensional. Their fees differ too: 1.25% for CGV and 0.27% for DFIV.

Which has better risk-adjusted returns?

DFIV currently has the higher Sharpe Ratio (2.17 vs 1.44), 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.