SPDG vs. CGDV

Last updated Jun 24, 2026

SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. SPDG is passively managed, while CGDV is actively managed. Over the past year, SPDG returned 24.68% vs 27.24% for CGDV. Their correlation of 0.81 suggests significant overlap in exposure. SPDG charges 0.05%/yr vs 0.33%/yr for CGDV.

Performance

SPDG vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) 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, SPDG achieves a 14.47% return, which is significantly higher than CGDV's 11.07% return.

SPDG

• 1D: -0.52%
• 1M: -0.52%
• YTD: 14.47%
• 6M: 13.49%
• 1Y: 24.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

SPDG vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	14.47%	11.66%	20.22%	8.09%
CGDV Capital Group Dividend Value ETF	11.07%	25.50%	20.10%	9.96%

Correlation

The correlation between SPDG and CGDV is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.81

The correlation between SPDG and CGDV shifts across timeframes, from 0.67 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

SPDG vs. CGDV - Sectors Allocation Comparison

Sectors	SPDG	CGDV
Technology	37.4%	33.1%
Financial Services	11.8%	6.6%
Consumer Cyclical	9.3%	11.3%
Healthcare	9.0%	10.4%
Communication Services	8.8%	8.3%
Industrials	8.8%	12.9%
Consumer Defensive	5.1%	6.0%
Energy	3.8%	4.4%
Utilities	2.4%	1.0%
Real Estate	2.2%	1.1%
Basic Materials	1.6%	2.8%

Return for Risk

SPDG vs. CGDV — Risk / Return Rank

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

SPDG

SPDG Risk / Return Rank: 63
SPDG Sharpe Ratio Rank: 64
SPDG Sortino Ratio Rank: 66
SPDG Omega Ratio Rank: 62
SPDG Calmar Ratio Rank: 63
SPDG Martin Ratio Rank: 59

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.

SPDG vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) 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.

	SPDG	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.23	-0.23
Sortino ratio: Return per unit of downside risk	2.87	3.06	-0.19
Omega ratio: Gain probability vs. loss probability	1.35	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.97	2.81	+0.17
Martin ratio: Return relative to average drawdown	9.82	13.07	-3.25

SPDG vs. CGDV - Sharpe Ratio Comparison

The current SPDG Sharpe Ratio is 2.00, which is comparable to the CGDV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of SPDG 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

SPDG vs. CGDV - Drawdown Comparison

The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for SPDG and CGDV.

Drawdown Indicators

	SPDG	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-21.82%	+6.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-9.75%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.28%	—
Current Drawdown Current decline from peak	-2.56%	-1.79%	-0.77%
Average Drawdown Average peak-to-trough decline	-2.19%	-3.59%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.09%	+0.43%

Volatility

SPDG vs. CGDV - Volatility Comparison

SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Capital Group Dividend Value ETF (CGDV) have volatilities of 4.69% and 4.64%, 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

	SPDG	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.64%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	9.92%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	12.28%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	15.57%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	15.57%	-1.36%

SPDG vs. CGDV - Expense Ratio Comparison

SPDG has a 0.05% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

SPDG vs. CGDV - Dividend Comparison

SPDG's dividend yield for the trailing twelve months is around 2.72%, more than CGDV's 1.18% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.18%	1.29%	1.60%	1.65%	1.36%
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	2.72%	2.87%	2.61%	0.90%	0.00%

Frequently Asked Questions

Can I hold both SPDG and CGDV in my portfolio?

SPDG and CGDV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPDG or CGDV?

SPDG has higher volatility (4.69%) compared to CGDV (4.64%). In terms of maximum drawdown, SPDG dropped -15.67% vs CGDV's -21.82%.

Which ETF is better, SPDG or CGDV?

On 1-year performance, CGDV leads with 27.24% vs 24.68% for SPDG. On fees, SPDG is cheaper at 0.05% 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, SPDG or CGDV?

Over the 1-year period, CGDV has performed better with a 27.24% return vs 24.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPDG or CGDV?

SPDG is cheaper with a 0.05% expense ratio, compared with 0.33% for CGDV.

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

SPDG has the higher dividend yield at 2.72%, compared with 1.18% for CGDV.

What is the main difference between SPDG and CGDV?

SPDG is categorized as Dividend, while CGDV is Large Cap Value Equities. They also come from different issuers: State Street and Capital Group. Their fees differ too: 0.05% for SPDG and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.23 vs 2.00), 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.