RECS vs. CGDV

Last updated Jun 24, 2026

RECS (Columbia Research Enhanced Core ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - RECS is a Large Cap Growth Equities fund tracking the Beta Advantage Research Enhanced U.S. Equity Index, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. RECS is passively managed, while CGDV is actively managed. Over the past 3 years, RECS returned 20.55%/yr vs 24.17%/yr for CGDV. Their correlation of 0.89 suggests significant overlap in exposure. RECS charges 0.15%/yr vs 0.33%/yr for CGDV.

Performance

RECS vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Core ETF (RECS) 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, RECS achieves a 4.95% return, which is significantly lower than CGDV's 11.07% return.

RECS

• 1D: -0.60%
• 1M: -0.92%
• YTD: 4.95%
• 6M: 3.98%
• 1Y: 21.27%
• 3Y*: 20.55%
• 5Y*: 13.53%
• 10Y*: 9.72%

CGDV

• 1D: -1.04%
• 1M: 0.75%
• YTD: 11.07%
• 6M: 10.39%
• 1Y: 27.24%
• 3Y*: 24.17%
• 5Y*: —
• 10Y*: —

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

RECS vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RECS Columbia Research Enhanced Core ETF	4.95%	19.30%	26.27%	23.19%	-6.01%
CGDV Capital Group Dividend Value ETF	11.07%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between RECS and CGDV is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.89

The correlation between RECS and CGDV has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

RECS vs. CGDV - Sectors Allocation Comparison

Sectors	RECS	CGDV
Technology	32.9%	33.1%
Financial Services	16.9%	6.6%
Consumer Cyclical	10.4%	11.3%
Healthcare	9.2%	10.4%
Communication Services	7.6%	8.3%
Industrials	7.3%	12.9%
Consumer Defensive	4.8%	6.0%
Energy	3.5%	4.4%
Utilities	2.3%	1.0%
Real Estate	2.3%	1.1%
Basic Materials	2.2%	2.8%

Return for Risk

RECS vs. CGDV — Risk / Return Rank

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

RECS

RECS Risk / Return Rank: 55
RECS Sharpe Ratio Rank: 55
RECS Sortino Ratio Rank: 54
RECS Omega Ratio Rank: 52
RECS Calmar Ratio Rank: 52
RECS Martin Ratio Rank: 60

CGDV

CGDV Risk / Return Rank: 69
CGDV Sharpe Ratio Rank: 72
CGDV Sortino Ratio Rank: 71
CGDV Omega Ratio Rank: 73
CGDV Calmar Ratio Rank: 59
CGDV Martin Ratio Rank: 72

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.

RECS vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) 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.

	RECS	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.23	-0.46
Sortino ratio: Return per unit of downside risk	2.47	3.06	-0.59
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	2.42	2.81	-0.38
Martin ratio: Return relative to average drawdown	10.23	13.07	-2.84

RECS vs. CGDV - Sharpe Ratio Comparison

The current RECS Sharpe Ratio is 1.77, which is comparable to the CGDV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of RECS 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

RECS vs. CGDV - Drawdown Comparison

The maximum RECS drawdown since its inception was -34.29%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for RECS and CGDV.

Drawdown Indicators

	RECS	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-21.82%	-12.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-9.75%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-18.60%	-14.28%	-4.32%
Max Drawdown (5Y) Largest decline over 5 years	-22.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.29%	—	—
Current Drawdown Current decline from peak	-2.48%	-1.79%	-0.69%
Average Drawdown Average peak-to-trough decline	-1.28%	-3.59%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.09%	-0.01%

Volatility

RECS vs. CGDV - Volatility Comparison

The current volatility for Columbia Research Enhanced Core ETF (RECS) is 3.90%, while Capital Group Dividend Value ETF (CGDV) has a volatility of 4.64%. This indicates that RECS experiences smaller price fluctuations and is considered to be less risky than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RECS	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.64%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	9.92%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	12.28%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	15.57%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	15.57%	+0.69%

RECS vs. CGDV - Expense Ratio Comparison

RECS has a 0.15% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

RECS vs. CGDV - Dividend Comparison

RECS's dividend yield for the trailing twelve months is around 1.06%, less than CGDV's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CGDV Capital Group Dividend Value ETF	1.18%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%
RECS Columbia Research Enhanced Core ETF	1.06%	1.11%	1.09%	1.00%	1.41%	20.64%	1.09%	0.49%

Frequently Asked Questions

Can I hold both RECS and CGDV in my portfolio?

RECS and CGDV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RECS or CGDV?

CGDV has higher volatility (4.64%) compared to RECS (3.90%). In terms of maximum drawdown, RECS dropped -34.29% vs CGDV's -21.82%.

Which ETF is better, RECS or CGDV?

On 3-year performance, CGDV leads with 24.17% vs 20.55% for RECS. On fees, RECS is cheaper at 0.15% per year. On volatility, RECS has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RECS or CGDV?

Over the 3-year period, CGDV has performed better with a 24.17% return vs 20.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RECS or CGDV?

RECS is cheaper with a 0.15% expense ratio, compared with 0.33% for CGDV.

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

CGDV has the higher dividend yield at 1.18%, compared with 1.06% for RECS.

What is the main difference between RECS and CGDV?

RECS is categorized as Large Cap Growth Equities, while CGDV is Large Cap Value Equities. They also come from different issuers: Ameriprise Financial and Capital Group. Their fees differ too: 0.15% for RECS and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.23 vs 1.77), 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.