IFED vs. CGDV

Last updated Jun 13, 2026

IFED (ETRACS IFED Invest with the Fed TR Index ETN) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. IFED is passively managed, while CGDV is actively managed. Over the past 3 years, IFED returned 15.81%/yr vs 24.15%/yr for CGDV. A 0.80 correlation means they provide meaningful diversification when combined. IFED charges 0.45%/yr vs 0.33%/yr for CGDV.

Performance

IFED vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFED achieves a -3.01% return, which is significantly lower than CGDV's 11.55% return.

IFED

• 1D: -0.09%
• 1M: 6.53%
• YTD: -3.01%
• 6M: -3.81%
• 1Y: 2.77%
• 3Y*: 15.81%
• 5Y*: —
• 10Y*: —

CGDV

• 1D: 0.66%
• 1M: 1.57%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 27.43%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

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

IFED vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.01%	15.02%	23.04%	20.78%	-1.75%
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between IFED and CGDV is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.80

Over the past year, the correlation between IFED and CGDV has dropped to 0.54 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

IFED vs. CGDV — Risk / Return Rank

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

IFED

IFED Risk / Return Rank: 12
IFED Sharpe Ratio Rank: 12
IFED Sortino Ratio Rank: 12
IFED Omega Ratio Rank: 12
IFED Calmar Ratio Rank: 12
IFED Martin Ratio Rank: 12

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

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.

IFED vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) 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.

	IFED	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	0.17	2.27	-2.11
Sortino ratio: Return per unit of downside risk	0.37	3.11	-2.74
Omega ratio: Gain probability vs. loss probability	1.04	1.42	-0.38
Calmar ratio: Return relative to maximum drawdown	0.19	2.83	-2.64
Martin ratio: Return relative to average drawdown	0.48	13.19	-12.71

IFED vs. CGDV - Sharpe Ratio Comparison

The current IFED Sharpe Ratio is 0.17, which is lower than the CGDV Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IFED 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

IFED vs. CGDV - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, roughly equal to the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for IFED and CGDV.

Drawdown Indicators

	IFED	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-21.82%	-0.54%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-9.75%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-14.28%	-8.08%
Current Drawdown Current decline from peak	-5.00%	-0.98%	-4.02%
Average Drawdown Average peak-to-trough decline	-5.84%	-3.60%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.84%	2.09%	+3.75%

Volatility

IFED vs. CGDV - Volatility Comparison

ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a higher volatility of 6.34% compared to Capital Group Dividend Value ETF (CGDV) at 4.52%. This indicates that IFED'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

	IFED	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	4.52%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	13.63%	9.80%	+3.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	12.13%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	15.57%	+4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	15.57%	+4.36%

IFED vs. CGDV - Expense Ratio Comparison

IFED has a 0.45% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

IFED vs. CGDV - Dividend Comparison

IFED has not paid dividends to shareholders, while CGDV's dividend yield for the trailing twelve months is around 1.17%.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IFED and CGDV in my portfolio?

IFED and CGDV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFED or CGDV?

IFED has higher volatility (6.34%) compared to CGDV (4.52%). In terms of maximum drawdown, IFED dropped -22.36% vs CGDV's -21.82%.

Which ETF is better, IFED or CGDV?

On 3-year performance, CGDV leads with 24.15% vs 15.81% for IFED. On fees, CGDV is cheaper at 0.33% per year. On volatility, CGDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFED or CGDV?

Over the 3-year period, CGDV has performed better with a 24.15% return vs 15.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFED or CGDV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.45% for IFED.

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

CGDV has the higher dividend yield at 1.17%, compared with 0.00% for IFED.

What is the main difference between IFED and CGDV?

IFED is categorized as Leveraged Equities, while CGDV is Large Cap Value Equities. They also come from different issuers: UBS and Capital Group. Their fees differ too: 0.45% for IFED and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs 0.17), 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.