QLC vs. CGDV

Last updated Jun 13, 2026

QLC (FlexShares US Quality Large Cap Index Fund) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - QLC is a Large Cap Blend Equities fund tracking the Northern Trust Quality Large Cap Index, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. QLC is passively managed, while CGDV is actively managed. Over the past 3 years, QLC returned 23.94%/yr vs 24.15%/yr for CGDV. Their correlation of 0.91 suggests significant overlap in exposure. QLC charges 0.25%/yr vs 0.33%/yr for CGDV.

Performance

QLC vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares US Quality Large Cap Index Fund (QLC) 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, QLC achieves a 10.17% return, which is significantly lower than CGDV's 11.55% return.

QLC

• 1D: 0.56%
• 1M: 1.18%
• YTD: 10.17%
• 6M: 10.47%
• 1Y: 30.01%
• 3Y*: 23.94%
• 5Y*: 14.95%
• 10Y*: 14.89%

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)

QLC vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QLC FlexShares US Quality Large Cap Index Fund	10.17%	23.26%	26.71%	26.02%	-7.96%
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between QLC and CGDV is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.91

The correlation between QLC and CGDV has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

QLC vs. CGDV - Sectors Allocation Comparison

Sectors	QLC	CGDV
Technology	34.8%	34.1%
Financial Services	13.8%	6.8%
Communication Services	13.8%	8.4%
Healthcare	10.1%	11.5%
Consumer Cyclical	7.9%	10.6%
Industrials	6.6%	13.2%
Utilities	3.4%	2.1%
Consumer Defensive	3.2%	5.5%
Real Estate	2.3%	1.1%
Basic Materials	2.2%	2.9%
Energy	2.0%	3.8%

Return for Risk

QLC vs. CGDV — Risk / Return Rank

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

QLC

QLC Risk / Return Rank: 82
QLC Sharpe Ratio Rank: 83
QLC Sortino Ratio Rank: 82
QLC Omega Ratio Rank: 81
QLC Calmar Ratio Rank: 75
QLC Martin Ratio Rank: 86

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.

QLC vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Large Cap Index Fund (QLC) 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.

	QLC	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.27	+0.07
Sortino ratio: Return per unit of downside risk	3.20	3.11	+0.09
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.41	2.83	+0.58
Martin ratio: Return relative to average drawdown	15.58	13.19	+2.40

QLC vs. CGDV - Sharpe Ratio Comparison

The current QLC Sharpe Ratio is 2.34, which is comparable to the CGDV Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of QLC 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

QLC vs. CGDV - Drawdown Comparison

The maximum QLC drawdown since its inception was -35.86%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for QLC and CGDV.

Drawdown Indicators

	QLC	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-35.86%	-21.82%	-14.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-9.75%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-14.28%	-4.21%
Max Drawdown (5Y) Largest decline over 5 years	-23.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.86%	—	—
Current Drawdown Current decline from peak	-1.82%	-0.98%	-0.84%
Average Drawdown Average peak-to-trough decline	-4.53%	-3.60%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.09%	-0.16%

Volatility

QLC vs. CGDV - Volatility Comparison

FlexShares US Quality Large Cap Index Fund (QLC) and Capital Group Dividend Value ETF (CGDV) have volatilities of 4.51% and 4.52%, 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

	QLC	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	4.52%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	9.80%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	12.13%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	15.57%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.44%	15.57%	+2.87%

QLC vs. CGDV - Expense Ratio Comparison

QLC has a 0.25% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

QLC vs. CGDV - Dividend Comparison

QLC's dividend yield for the trailing twelve months is around 0.89%, less than CGDV's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLC FlexShares US Quality Large Cap Index Fund	0.89%	0.94%	1.03%	1.26%	1.46%	0.96%	1.40%	1.91%	1.82%	1.29%	1.80%	0.64%

Frequently Asked Questions

Can I hold both QLC and CGDV in my portfolio?

QLC and CGDV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QLC or CGDV?

CGDV has higher volatility (4.52%) compared to QLC (4.51%). In terms of maximum drawdown, QLC dropped -35.86% vs CGDV's -21.82%.

Which ETF is better, QLC or CGDV?

On 3-year performance, CGDV leads with 24.15% vs 23.94% for QLC. On fees, QLC is cheaper at 0.25% 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, QLC or CGDV?

Over the 3-year period, CGDV has performed better with a 24.15% return vs 23.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLC or CGDV?

QLC is cheaper with a 0.25% expense ratio, compared with 0.33% for CGDV.

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

CGDV has the higher dividend yield at 1.17%, compared with 0.89% for QLC.

What is the main difference between QLC and CGDV?

QLC is categorized as Large Cap Blend Equities, while CGDV is Large Cap Value Equities. They also come from different issuers: Northern Trust and Capital Group. Their fees differ too: 0.25% for QLC and 0.33% for CGDV.

Which has better risk-adjusted returns?

QLC currently has the higher Sharpe Ratio (2.34 vs 2.27), 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.