NUDV vs. CGDV

Last updated Aug 2, 2026

NUDV (Nuveen ESG Dividend ETF) and CGDV (Capital Group Dividend Value ETF) are both Large Cap Value Equities funds. NUDV is passively managed, while CGDV is actively managed. Over the past 3 years, NUDV returned 14.23%/yr vs 22.55%/yr for CGDV. Their correlation of 0.82 means they have usually moved in the same direction. NUDV charges 0.26%/yr vs 0.33%/yr for CGDV.

Performance

NUDV vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Dividend ETF (NUDV) 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 investments are quite close, with NUDV having a 13.60% return and CGDV slightly higher at 14.16%.

NUDV

• 1D: -0.11%
• 1M: 1.31%
• 6M: 8.66%
• YTD: 13.60%
• 1Y: 23.02%
• 3Y*: 14.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.89%

CGDV

• 1D: 0.63%
• 1M: 1.21%
• 6M: 11.03%
• YTD: 14.16%
• 1Y: 25.16%
• 3Y*: 22.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGDV Capital Group Dividend Value ETF	$192.53M	$192.47M	$184.78M
NUDV Nuveen ESG Dividend ETF	$309.43K	$235.58K	$178.17K

NUDV vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NUDV Nuveen ESG Dividend ETF	13.60%	10.77%	14.02%	10.13%	0.83%
CGDV Capital Group Dividend Value ETF	14.16%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between NUDV and CGDV is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.82

Over the past year, the correlation between NUDV and CGDV has dropped to 0.54 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

NUDV vs. CGDV - Sectors Allocation Comparison

Sectors	NUDV	CGDV
Financial Services	23.4%	6.7%
Healthcare	13.7%	8.2%
Technology	13.3%	34.5%
Industrials	12.2%	13.6%
Consumer Defensive	10.3%	5.8%
Utilities	6.6%	1.0%
Consumer Cyclical	5.7%	12.6%
Real Estate	4.5%	1.0%
Basic Materials	4.2%	2.8%
Communication Services	3.4%	9.8%
Energy	2.6%	3.9%

Return for Risk

NUDV vs. CGDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUDV

NUDV Risk / Return Rank: 87
NUDV Sharpe Ratio Rank: 88
NUDV Sortino Ratio Rank: 89
NUDV Omega Ratio Rank: 85
NUDV Calmar Ratio Rank: 86
NUDV Martin Ratio Rank: 86

CGDV

CGDV Risk / Return Rank: 80
CGDV Sharpe Ratio Rank: 83
CGDV Sortino Ratio Rank: 82
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 71
CGDV Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUDV vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) 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.

	NUDV	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.90	+0.22
Sortino ratio: Return per unit of downside risk	3.10	2.65	+0.46
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	3.34	2.44	+0.90
Martin ratio: Return relative to average drawdown	12.23	11.39	+0.85

NUDV vs. CGDV - Sharpe Ratio Comparison

The current NUDV Sharpe Ratio is 2.12, which is comparable to the CGDV Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of NUDV 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

NUDV vs. CGDV - Drawdown Comparison

The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for NUDV and CGDV.

Drawdown Indicators

	NUDV	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-21.82%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-9.75%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-14.28%	-2.20%
Current Drawdown Current decline from peak	-1.71%	0.00%	-1.71%
Average Drawdown Average peak-to-trough decline	-4.78%	-3.52%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	2.09%	-0.29%

Volatility

NUDV vs. CGDV - Volatility Comparison

Nuveen ESG Dividend ETF (NUDV) and Capital Group Dividend Value ETF (CGDV) have volatilities of 3.29% and 3.28%, 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

	NUDV	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.28%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	10.06%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	12.55%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	15.48%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	15.48%	-0.64%

NUDV vs. CGDV - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

NUDV vs. CGDV - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.26%, more than CGDV's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021
CGDV Capital Group Dividend Value ETF	1.18%	1.29%	1.60%	1.65%	1.36%	0.00%
NUDV Nuveen ESG Dividend ETF	2.26%	2.36%	6.18%	2.48%	2.96%	0.60%

Frequently Asked Questions

Can I hold both NUDV and CGDV in my portfolio?

NUDV 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, NUDV or CGDV?

NUDV has higher volatility (3.29%) compared to CGDV (3.28%). In terms of maximum drawdown, NUDV dropped -20.10% vs CGDV's -21.82%.

Which ETF is better, NUDV or CGDV?

On 3-year performance, CGDV leads with 22.55% vs 14.23% for NUDV. On fees, NUDV is cheaper at 0.26% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUDV or CGDV?

Over the 3-year period, CGDV has performed better with a 22.55% return vs 14.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUDV or CGDV?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.33% for CGDV.

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

NUDV has the higher dividend yield at 2.26%, compared with 1.18% for CGDV.

What is the main difference between NUDV and CGDV?

They also come from different issuers: Nuveen and Capital Group. Their fees differ too: 0.26% for NUDV and 0.33% for CGDV.

Which has better risk-adjusted returns?

NUDV currently has the higher Sharpe Ratio (2.12 vs 1.90), 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.