RMFGX vs. CGCV

Last updated Jun 3, 2026

RMFGX (American Mutual Fund Class R-6) and CGCV (Capital Group Conservative Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, RMFGX returned 17.42% vs 17.78% for CGCV. With a 0.99 correlation, they move nearly in lockstep. RMFGX charges 0.27%/yr vs 0.33%/yr for CGCV.

Performance

RMFGX vs. CGCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Mutual Fund Class R-6 (RMFGX) and Capital Group Conservative Equity ETF (CGCV). 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 RMFGX having a 6.13% return and CGCV slightly higher at 6.22%.

RMFGX

• 1D: -0.51%
• 1M: 1.78%
• YTD: 6.13%
• 6M: 6.90%
• 1Y: 17.42%
• 3Y*: 15.62%
• 5Y*: 10.54%
• 10Y*: 11.45%

CGCV

• 1D: 0.72%
• 1M: 2.38%
• YTD: 6.22%
• 6M: 7.01%
• 1Y: 17.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RMFGX vs. CGCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RMFGX American Mutual Fund Class R-6	6.13%	16.43%	7.04%
CGCV Capital Group Conservative Equity ETF	6.22%	16.62%	7.44%

Correlation

The correlation between RMFGX and CGCV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.99

The correlation between RMFGX and CGCV has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

RMFGX vs. CGCV — Risk / Return Rank

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

RMFGX

RMFGX Risk / Return Rank: 41
RMFGX Sharpe Ratio Rank: 42
RMFGX Sortino Ratio Rank: 40
RMFGX Omega Ratio Rank: 41
RMFGX Calmar Ratio Rank: 36
RMFGX Martin Ratio Rank: 44

CGCV

CGCV Risk / Return Rank: 52
CGCV Sharpe Ratio Rank: 53
CGCV Sortino Ratio Rank: 53
CGCV Omega Ratio Rank: 53
CGCV Calmar Ratio Rank: 46
CGCV Martin Ratio Rank: 54

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.

RMFGX vs. CGCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Mutual Fund Class R-6 (RMFGX) and Capital Group Conservative Equity ETF (CGCV). 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.

	RMFGX	CGCV	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.84	+0.05
Sortino ratio Return per unit of downside risk	2.65	2.58	+0.07
Omega ratio Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio Return relative to maximum drawdown	2.31	2.31	0.00
Martin ratio Return relative to average drawdown	9.30	9.35	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMFGX vs. CGCV - Sharpe Ratio Comparison

The current RMFGX Sharpe Ratio is 1.89, which is comparable to the CGCV Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of RMFGX and CGCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RMFGX	CGCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.84	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.27	-0.45

Drawdowns

RMFGX vs. CGCV - Drawdown Comparison

The maximum RMFGX drawdown since its inception was -29.79%, which is greater than CGCV's maximum drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for RMFGX and CGCV.

Drawdown Indicators

	RMFGX	CGCV	Difference
Max Drawdown Largest peak-to-trough decline	-29.79%	-13.13%	-16.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-7.93%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-12.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.79%	—	—
Current Drawdown Current decline from peak	-0.51%	0.00%	-0.51%
Average Drawdown Average peak-to-trough decline	-2.72%	-1.67%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.96%	0.00%

Volatility

RMFGX vs. CGCV - Volatility Comparison

The current volatility for American Mutual Fund Class R-6 (RMFGX) is 2.29%, while Capital Group Conservative Equity ETF (CGCV) has a volatility of 2.51%. This indicates that RMFGX experiences smaller price fluctuations and is considered to be less risky than CGCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMFGX	CGCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.51%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	7.34%	7.56%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	9.73%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	12.66%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.12%	12.66%	+1.46%

RMFGX vs. CGCV - Expense Ratio Comparison

RMFGX has a 0.27% expense ratio, which is lower than CGCV's 0.33% expense ratio.

Dividends

RMFGX vs. CGCV - Dividend Comparison

RMFGX's dividend yield for the trailing twelve months is around 7.43%, more than CGCV's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGCV Capital Group Conservative Equity ETF	1.45%	1.44%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RMFGX American Mutual Fund Class R-6	7.43%	7.85%	6.59%	4.06%	5.20%	4.88%	2.30%	4.89%	6.75%	6.23%	4.54%	6.84%

Frequently Asked Questions

Can I hold both RMFGX and CGCV in my portfolio?

With a correlation of 0.99, RMFGX and CGCV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RMFGX or CGCV?

CGCV has higher volatility (2.51%) compared to RMFGX (2.29%). In terms of maximum drawdown, RMFGX dropped -29.79% vs CGCV's -13.13%.

Which has better risk-adjusted returns?

RMFGX currently has the higher Sharpe Ratio (1.89 vs 1.84), 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.