NGD vs. CGDV

Last updated Jun 9, 2026

NGD (New Gold Inc.) is a stock, while CGDV (Capital Group Dividend Value ETF) is Large Cap Value Equities fund actively managed by Capital Group. At a 0.27 correlation, their price movements are largely independent.

Performance

NGD vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Gold Inc. (NGD) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGDV

• 1D: 0.13%
• 1M: 1.46%
• YTD: 10.15%
• 6M: 10.88%
• 1Y: 27.58%
• 3Y*: 24.27%
• 5Y*: —
• 10Y*: —

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

NGD vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-40.61%
CGDV Capital Group Dividend Value ETF	10.15%	25.50%	20.10%	28.81%	-2.89%

Correlation

The correlation between NGD and CGDV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.27

Return for Risk

NGD vs. CGDV — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 76
CGDV Sharpe Ratio Rank: 81
CGDV Sortino Ratio Rank: 80
CGDV Omega Ratio Rank: 81
CGDV Calmar Ratio Rank: 63
CGDV Martin Ratio Rank: 77

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.

NGD vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NGD	CGDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.21	—

Drawdowns

Drawdown Indicators

	NGD	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	—	-21.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.28%	—
Current Drawdown Current decline from peak	—	-2.22%	—
Average Drawdown Average peak-to-trough decline	—	-3.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	NGD	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.51%	—

Dividends

NGD vs. CGDV - Dividend Comparison

NGD has not paid dividends to shareholders, while CGDV's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.19%	1.29%	1.60%	1.65%	1.36%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NGD and CGDV in my portfolio?

NGD and CGDV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.