GPIQ vs. CGDV

Last updated Jul 21, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Both are actively managed. Over the past year, GPIQ returned 24.18% vs 21.34% for CGDV. A 0.77 correlation means they provide meaningful diversification when combined. GPIQ charges 0.29%/yr vs 0.33%/yr for CGDV.

Performance

GPIQ vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GPIQ having a 12.69% return and CGDV slightly lower at 12.11%.

GPIQ

• 1D: 0.09%
• 1M: -4.82%
• 6M: 11.30%
• YTD: 12.69%
• 1Y: 24.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.86%

CGDV

• 1D: -0.29%
• 1M: -0.40%
• 6M: 9.82%
• YTD: 12.11%
• 1Y: 21.34%
• 3Y*: 22.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.22%

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

GPIQ vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	12.69%	19.77%	23.22%	15.17%
CGDV Capital Group Dividend Value ETF	12.11%	25.50%	20.10%	15.45%

Correlation

The correlation between GPIQ and CGDV is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.77

The correlation between GPIQ and CGDV has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

GPIQ vs. CGDV - Sectors Allocation Comparison

Sectors	GPIQ	CGDV
Technology	60.4%	34.5%
Communication Services	12.5%	9.8%
Consumer Cyclical	10.5%	12.6%
Consumer Defensive	6.2%	5.8%
Industrials	4.1%	13.6%
Healthcare	3.6%	8.2%
Utilities	1.3%	1.0%
Basic Materials	1.1%	2.8%
Energy	0.4%	3.9%
Financial Services	0.1%	6.7%
Real Estate	0.1%	1.0%

Return for Risk

GPIQ vs. CGDV — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 64
GPIQ Sharpe Ratio Rank: 61
GPIQ Sortino Ratio Rank: 57
GPIQ Omega Ratio Rank: 59
GPIQ Calmar Ratio Rank: 69
GPIQ Martin Ratio Rank: 75

CGDV

CGDV Risk / Return Rank: 70
CGDV Sharpe Ratio Rank: 72
CGDV Sortino Ratio Rank: 72
CGDV Omega Ratio Rank: 73
CGDV Calmar Ratio Rank: 58
CGDV Martin Ratio Rank: 75

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.

GPIQ vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Capital Group Dividend Value ETF (CGDV). 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.

	GPIQ	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.73	-0.21
Sortino ratio: Return per unit of downside risk	2.07	2.44	-0.37
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.55	2.20	+0.36
Martin ratio: Return relative to average drawdown	10.12	10.17	-0.05

GPIQ vs. CGDV - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 1.52, which is comparable to the CGDV Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GPIQ and CGDV, 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

GPIQ vs. CGDV - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, roughly equal to the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for GPIQ and CGDV.

Drawdown Indicators

	GPIQ	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-21.82%	+0.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-9.75%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.28%	—
Current Drawdown Current decline from peak	-5.03%	-1.72%	-3.31%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.54%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.10%	+0.29%

Volatility

GPIQ vs. CGDV - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 6.63% compared to Capital Group Dividend Value ETF (CGDV) at 3.20%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIQ	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	3.20%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	10.12%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	12.41%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	15.50%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	15.50%	+2.45%

GPIQ vs. CGDV - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

GPIQ vs. CGDV - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 10.02%, more than CGDV's 1.20% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.20%	1.29%	1.60%	1.65%	1.36%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.02%	9.81%	9.18%	1.74%	0.00%

Frequently Asked Questions

Can I hold both GPIQ and CGDV in my portfolio?

GPIQ and CGDV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIQ or CGDV?

GPIQ has higher volatility (6.63%) compared to CGDV (3.20%). In terms of maximum drawdown, GPIQ dropped -21.06% vs CGDV's -21.82%.

Which ETF is better, GPIQ or CGDV?

On 1-year performance, GPIQ leads with 24.18% vs 21.34% for CGDV. On fees, GPIQ is cheaper at 0.29% per year. On volatility, CGDV has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIQ or CGDV?

Over the 1-year period, GPIQ has performed better with a 24.18% return vs 21.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIQ or CGDV?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.33% for CGDV.

Which ETF pays a higher dividend yield, GPIQ or CGDV?

GPIQ has the higher dividend yield at 10.02%, compared with 1.20% for CGDV.

What is the main difference between GPIQ and CGDV?

GPIQ is categorized as Nasdaq-100, while CGDV is Large Cap Value Equities. They also come from different issuers: Goldman Sachs and Capital Group. Their fees differ too: 0.29% for GPIQ and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (1.73 vs 1.52), 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.