CGVV vs. TVAL

Last updated Jul 15, 2026

CGVV (Capital Group U.S. Large Value ETF) and TVAL (T. Rowe Price Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, CGVV returned 19.83% vs 28.66% for TVAL. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.33% expense ratio.

Performance

CGVV vs. TVAL - Performance Comparison

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

Returns By Period

In the year-to-date period, CGVV achieves a 14.38% return, which is significantly lower than TVAL's 19.25% return.

CGVV

• 1D: -0.16%
• 1M: 0.62%
• 6M: 10.00%
• YTD: 14.38%
• 1Y: 19.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TVAL

• 1D: -0.40%
• 1M: 1.60%
• 6M: 15.48%
• YTD: 19.25%
• 1Y: 28.66%
• 3Y*: 18.99%
• 5Y*: —
• 10Y*: —

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

CGVV vs. TVAL - Yearly Performance Comparison

	2026 (YTD)	2025
CGVV Capital Group U.S. Large Value ETF	14.38%	6.55%
TVAL T. Rowe Price Value ETF	19.25%	10.29%

Correlation

The correlation between CGVV and TVAL is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.90

The correlation between CGVV and TVAL has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

CGVV vs. TVAL — Risk / Return Rank

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

CGVV

CGVV Risk / Return Rank: 51
CGVV Sharpe Ratio Rank: 52
CGVV Sortino Ratio Rank: 52
CGVV Omega Ratio Rank: 48
CGVV Calmar Ratio Rank: 49
CGVV Martin Ratio Rank: 56

TVAL

TVAL Risk / Return Rank: 91
TVAL Sharpe Ratio Rank: 93
TVAL Sortino Ratio Rank: 93
TVAL Omega Ratio Rank: 91
TVAL Calmar Ratio Rank: 88
TVAL Martin Ratio Rank: 91

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. TVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Large Value ETF (CGVV) and T. Rowe Price Value ETF (TVAL). 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	TVAL	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.63	-1.19
Sortino ratio: Return per unit of downside risk	2.05	3.67	-1.62
Omega ratio: Gain probability vs. loss probability	1.25	1.47	-0.22
Calmar ratio: Return relative to maximum drawdown	1.97	4.03	-2.06
Martin ratio: Return relative to average drawdown	7.69	16.91	-9.22

CGVV vs. TVAL - Sharpe Ratio Comparison

The current CGVV Sharpe Ratio is 1.43, which is lower than the TVAL Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of CGVV and TVAL, 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. TVAL - Drawdown Comparison

The maximum CGVV drawdown since its inception was -10.11%, smaller than the maximum TVAL drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for CGVV and TVAL.

Drawdown Indicators

	CGVV	TVAL	Difference
Max Drawdown Largest peak-to-trough decline	-10.11%	-14.84%	+4.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-7.15%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.84%	—
Current Drawdown Current decline from peak	-0.78%	-0.64%	-0.14%
Average Drawdown Average peak-to-trough decline	-1.56%	-2.00%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	1.70%	+0.89%

Volatility

CGVV vs. TVAL - Volatility Comparison

Capital Group U.S. Large Value ETF (CGVV) has a higher volatility of 3.78% compared to T. Rowe Price Value ETF (TVAL) at 2.64%. This indicates that CGVV's price experiences larger fluctuations and is considered to be riskier than TVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGVV	TVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.64%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	8.39%	+2.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.90%	10.95%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.72%	12.53%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	12.53%	+1.19%

CGVV vs. TVAL - Expense Ratio Comparison

Both CGVV and TVAL have an expense ratio of 0.33%.

Dividends

CGVV vs. TVAL - Dividend Comparison

CGVV's dividend yield for the trailing twelve months is around 0.85%, less than TVAL's 0.97% yield.

Position	TTM	2025	2024	2023
CGVV Capital Group U.S. Large Value ETF	0.85%	0.57%	0.00%	0.00%
TVAL T. Rowe Price Value ETF	0.97%	1.15%	1.16%	0.64%

Frequently Asked Questions

Can I hold both CGVV and TVAL in my portfolio?

With a correlation of 0.91, CGVV and TVAL 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, CGVV or TVAL?

CGVV has higher volatility (3.78%) compared to TVAL (2.64%). In terms of maximum drawdown, CGVV dropped -10.11% vs TVAL's -14.84%.

Which ETF is better, CGVV or TVAL?

On 1-year performance, TVAL leads with 28.66% vs 19.83% for CGVV. Both ETFs have the same 0.33% expense ratio. On volatility, TVAL has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGVV or TVAL?

Over the 1-year period, TVAL has performed better with a 28.66% return vs 19.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGVV or TVAL?

CGVV and TVAL have the same expense ratio: 0.33% per year.

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

TVAL has the higher dividend yield at 0.97%, compared with 0.85% for CGVV.

What is the main difference between CGVV and TVAL?

They also come from different issuers: Capital Group and T. Rowe Price.

Which has better risk-adjusted returns?

TVAL currently has the higher Sharpe Ratio (2.63 vs 1.43), 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.