CGVV vs. DFRA

Last updated Aug 4, 2026

CGVV (Capital Group U.S. Large Value ETF) and DFRA (Donoghue Forlines Yield Enhanced Real Asset ETF) are both Large Cap Value Equities funds. CGVV is actively managed, while DFRA is passively managed. Over the past year, CGVV returned 29.35% vs 13.37% for DFRA. Their 0.70 correlation means they have sometimes moved together and sometimes differently. CGVV charges 0.33%/yr vs 0.69%/yr for DFRA.

Performance

CGVV vs. DFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Large Value ETF (CGVV) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGVV achieves a 18.48% return, which is significantly higher than DFRA's 9.19% return.

CGVV

• 1D: 1.76%
• 1M: 3.35%
• 6M: 11.37%
• YTD: 18.48%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.51%

DFRA

• 1D: 0.58%
• 1M: 3.74%
• 6M: 1.27%
• YTD: 9.19%
• 1Y: 13.37%
• 3Y*: 10.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGVV Capital Group U.S. Large Value ETF	$1.16M	$1.65M	$1.67M
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF	$251.33K	$270.09K	$369.62K

CGVV vs. DFRA - Yearly Performance Comparison

	2026 (YTD)	2025
CGVV Capital Group U.S. Large Value ETF	18.48%	6.55%
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF	9.19%	5.52%

Correlation

The correlation between CGVV and DFRA is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.70

The correlation between CGVV and DFRA has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

Return for Risk

CGVV vs. DFRA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGVV

CGVV Risk / Return Rank: 82
CGVV Sharpe Ratio Rank: 85
CGVV Sortino Ratio Rank: 84
CGVV Omega Ratio Rank: 82
CGVV Calmar Ratio Rank: 77
CGVV Martin Ratio Rank: 82

DFRA

DFRA Risk / Return Rank: 33
DFRA Sharpe Ratio Rank: 34
DFRA Sortino Ratio Rank: 33
DFRA Omega Ratio Rank: 34
DFRA Calmar Ratio Rank: 33
DFRA Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGVV vs. DFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Large Value ETF (CGVV) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA). 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.

	CGVV	DFRA	Difference
Sharpe ratio: Return per unit of total volatility	2.13	0.90	+1.23
Sortino ratio: Return per unit of downside risk	2.96	1.29	+1.66
Omega ratio: Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	2.92	1.15	+1.76
Martin ratio: Return relative to average drawdown	11.97	2.67	+9.29

CGVV vs. DFRA - Sharpe Ratio Comparison

The current CGVV Sharpe Ratio is 2.13, which is higher than the DFRA Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CGVV and DFRA, 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

CGVV vs. DFRA - Drawdown Comparison

The maximum CGVV drawdown since its inception was -10.11%, smaller than the maximum DFRA drawdown of -19.35%. Use the drawdown chart below to compare losses from any high point for CGVV and DFRA.

Drawdown Indicators

	CGVV	DFRA	Difference
Max Drawdown Largest peak-to-trough decline	-10.11%	-19.35%	+9.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-11.64%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.35%	—
Current Drawdown Current decline from peak	0.00%	-6.80%	+6.80%
Average Drawdown Average peak-to-trough decline	-1.53%	-4.15%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	5.01%	-2.55%

Volatility

CGVV vs. DFRA - Volatility Comparison

Capital Group U.S. Large Value ETF (CGVV) has a higher volatility of 3.78% compared to Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) at 2.51%. This indicates that CGVV's price experiences larger fluctuations and is considered to be riskier than DFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGVV	DFRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.51%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	12.74%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.90%	14.96%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.73%	17.35%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.73%	17.35%	-3.62%

CGVV vs. DFRA - Expense Ratio Comparison

CGVV has a 0.33% expense ratio, which is lower than DFRA's 0.69% expense ratio.

Dividends

CGVV vs. DFRA - Dividend Comparison

CGVV's dividend yield for the trailing twelve months is around 0.82%, less than DFRA's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021
CGVV Capital Group U.S. Large Value ETF	0.82%	0.57%	0.00%	0.00%	0.00%	0.00%
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF	3.52%	2.86%	10.13%	4.70%	8.40%	0.08%

Frequently Asked Questions

Can I hold both CGVV and DFRA in my portfolio?

CGVV and DFRA have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGVV or DFRA?

CGVV has higher volatility (3.78%) compared to DFRA (2.51%). In terms of maximum drawdown, CGVV dropped -10.11% vs DFRA's -19.35%.

Which ETF is better, CGVV or DFRA?

On 1-year performance, CGVV leads with 29.35% vs 13.37% for DFRA. On fees, CGVV is cheaper at 0.33% per year. On volatility, DFRA has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGVV or DFRA?

Over the 1-year period, CGVV has performed better with a 29.35% return vs 13.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGVV or DFRA?

CGVV is cheaper with a 0.33% expense ratio, compared with 0.69% for DFRA.

Which ETF pays a higher dividend yield, CGVV or DFRA?

DFRA has the higher dividend yield at 3.52%, compared with 0.82% for CGVV.

What is the main difference between CGVV and DFRA?

They also come from different issuers: Capital Group and Donoghue Forlines. Their fees differ too: 0.33% for CGVV and 0.69% for DFRA.

Which has better risk-adjusted returns?

CGVV currently has the higher Sharpe Ratio (2.13 vs 0.90), 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.