RWMGX vs. TDVG

Last updated Jun 24, 2026

RWMGX (American Funds Washington Mutual Investors Fund Class R-6) and TDVG (T. Rowe Price Dividend Growth ETF) are both funds - RWMGX is a Large Cap Blend Equities fund managed by American Funds, while TDVG is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 5 years, RWMGX returned 12.50%/yr vs 10.19%/yr for TDVG. Their correlation of 0.94 suggests significant overlap in exposure. RWMGX charges 0.27%/yr vs 0.50%/yr for TDVG.

Performance

RWMGX vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Washington Mutual Investors Fund Class R-6 (RWMGX) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWMGX achieves a 5.61% return, which is significantly lower than TDVG's 8.04% return.

RWMGX

• 1D: -0.45%
• 1M: 0.26%
• YTD: 5.61%
• 6M: 4.87%
• 1Y: 16.74%
• 3Y*: 18.23%
• 5Y*: 12.50%
• 10Y*: 13.40%

TDVG

• 1D: -0.55%
• 1M: 1.22%
• YTD: 8.04%
• 6M: 7.41%
• 1Y: 17.57%
• 3Y*: 15.55%
• 5Y*: 10.19%
• 10Y*: —

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

RWMGX vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RWMGX American Funds Washington Mutual Investors Fund Class R-6	5.61%	17.56%	19.35%	17.58%	-8.17%	28.84%	13.29%
TDVG T. Rowe Price Dividend Growth ETF	8.04%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%

Correlation

The correlation between RWMGX and TDVG is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.94

The correlation between RWMGX and TDVG has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

RWMGX vs. TDVG — Risk / Return Rank

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

RWMGX

RWMGX Risk / Return Rank: 39
RWMGX Sharpe Ratio Rank: 39
RWMGX Sortino Ratio Rank: 38
RWMGX Omega Ratio Rank: 38
RWMGX Calmar Ratio Rank: 35
RWMGX Martin Ratio Rank: 46

TDVG

TDVG Risk / Return Rank: 56
TDVG Sharpe Ratio Rank: 56
TDVG Sortino Ratio Rank: 58
TDVG Omega Ratio Rank: 54
TDVG Calmar Ratio Rank: 52
TDVG Martin Ratio Rank: 59

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.

RWMGX vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Washington Mutual Investors Fund Class R-6 (RWMGX) and T. Rowe Price Dividend Growth ETF (TDVG). 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.

	RWMGX	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.81	-0.13
Sortino ratio: Return per unit of downside risk	2.40	2.60	-0.20
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	2.12	2.44	-0.32
Martin ratio: Return relative to average drawdown	9.15	10.01	-0.86

RWMGX vs. TDVG - Sharpe Ratio Comparison

The current RWMGX Sharpe Ratio is 1.68, which is comparable to the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of RWMGX and TDVG, 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

RWMGX vs. TDVG - Drawdown Comparison

The maximum RWMGX drawdown since its inception was -34.64%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for RWMGX and TDVG.

Drawdown Indicators

	RWMGX	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-19.20%	-15.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-7.24%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-14.61%	-14.02%	-0.59%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	-19.20%	+0.74%
Max Drawdown (10Y) Largest decline over 10 years	-34.64%	—	—
Current Drawdown Current decline from peak	-1.01%	-0.82%	-0.19%
Average Drawdown Average peak-to-trough decline	-3.11%	-3.73%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.76%	+0.17%

Volatility

RWMGX vs. TDVG - Volatility Comparison

American Funds Washington Mutual Investors Fund Class R-6 (RWMGX) and T. Rowe Price Dividend Growth ETF (TDVG) have volatilities of 2.89% and 2.78%, 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

	RWMGX	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	2.78%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.04%	7.61%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	9.79%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	13.92%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	13.90%	+2.44%

RWMGX vs. TDVG - Expense Ratio Comparison

RWMGX has a 0.27% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

RWMGX vs. TDVG - Dividend Comparison

RWMGX's dividend yield for the trailing twelve months is around 10.10%, more than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RWMGX American Funds Washington Mutual Investors Fund Class R-6	10.10%	10.36%	10.36%	6.42%	6.63%	6.33%	3.35%	6.91%	4.67%	7.52%	6.66%	6.55%
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RWMGX and TDVG in my portfolio?

With a correlation of 0.91, RWMGX and TDVG 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, RWMGX or TDVG?

RWMGX has higher volatility (2.89%) compared to TDVG (2.78%). In terms of maximum drawdown, RWMGX dropped -34.64% vs TDVG's -19.20%.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.81 vs 1.68), 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.