CGVV vs. HDV

Last updated Jul 14, 2026

CGVV (Capital Group U.S. Large Value ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - CGVV is a Large Cap Value Equities fund actively managed by Capital Group, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. CGVV is actively managed, while HDV is passively managed. Over the past year, CGVV returned 20.14% vs 20.23% for HDV. At a 0.35 correlation, their price movements are largely independent. CGVV charges 0.33%/yr vs 0.08%/yr for HDV.

Performance

CGVV vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Large Value ETF (CGVV) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGVV achieves a 14.56% return, which is significantly lower than HDV's 16.32% return.

CGVV

• 1D: -0.29%
• 1M: 0.78%
• 6M: 9.87%
• YTD: 14.56%
• 1Y: 20.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.83%
• 1M: 0.89%
• 6M: 14.11%
• YTD: 16.32%
• 1Y: 20.23%
• 3Y*: 15.49%
• 5Y*: 11.37%
• 10Y*: 9.07%

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

CGVV vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025
CGVV Capital Group U.S. Large Value ETF	14.56%	6.55%
HDV iShares Core High Dividend ETF	16.32%	6.85%

Correlation

The correlation between CGVV and HDV is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.35

Return for Risk

CGVV vs. HDV — Risk / Return Rank

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

CGVV

CGVV Risk / Return Rank: 53
CGVV Sharpe Ratio Rank: 54
CGVV Sortino Ratio Rank: 53
CGVV Omega Ratio Rank: 51
CGVV Calmar Ratio Rank: 50
CGVV Martin Ratio Rank: 57

HDV

HDV Risk / Return Rank: 78
HDV Sharpe Ratio Rank: 77
HDV Sortino Ratio Rank: 82
HDV Omega Ratio Rank: 71
HDV Calmar Ratio Rank: 87
HDV Martin Ratio Rank: 73

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.

CGVV vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Large Value ETF (CGVV) and iShares Core High Dividend ETF (HDV). 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	HDV	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.95	-0.49
Sortino ratio: Return per unit of downside risk	2.08	2.90	-0.81
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.00	3.92	-1.92
Martin ratio: Return relative to average drawdown	7.80	10.74	-2.94

CGVV vs. HDV - Sharpe Ratio Comparison

The current CGVV Sharpe Ratio is 1.46, which is comparable to the HDV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of CGVV and HDV, 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. HDV - Drawdown Comparison

The maximum CGVV drawdown since its inception was -10.11%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for CGVV and HDV.

Drawdown Indicators

	CGVV	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-10.11%	-37.04%	+26.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-5.18%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-0.61%	-0.57%	-0.04%
Average Drawdown Average peak-to-trough decline	-1.56%	-3.07%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	1.89%	+0.70%

Volatility

CGVV vs. HDV - Volatility Comparison

Capital Group U.S. Large Value ETF (CGVV) and iShares Core High Dividend ETF (HDV) have volatilities of 4.34% and 4.56%, 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

	CGVV	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.56%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	8.27%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	10.46%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	12.89%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.74%	15.75%	-2.01%

CGVV vs. HDV - Expense Ratio Comparison

CGVV has a 0.33% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

CGVV vs. HDV - Dividend Comparison

CGVV's dividend yield for the trailing twelve months is around 0.85%, less than HDV's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGVV Capital Group U.S. Large Value ETF	0.85%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.84%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both CGVV and HDV in my portfolio?

CGVV and HDV have a correlation of 0.33, 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 HDV?

HDV has higher volatility (4.56%) compared to CGVV (4.34%). In terms of maximum drawdown, CGVV dropped -10.11% vs HDV's -37.04%.

Which ETF is better, CGVV or HDV?

On 1-year performance, HDV leads with 20.23% vs 20.14% for CGVV. On fees, HDV is cheaper at 0.08% per year. On volatility, CGVV has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGVV or HDV?

Over the 1-year period, HDV has performed better with a 20.23% return vs 20.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGVV or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.33% for CGVV.

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

HDV has the higher dividend yield at 2.84%, compared with 0.85% for CGVV.

What is the main difference between CGVV and HDV?

CGVV is categorized as Large Cap Value Equities, while HDV is Dividend. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.33% for CGVV and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (1.95 vs 1.46), 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.