SPMD vs. CGDV
SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - SPMD is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. SPMD is passively managed, while CGDV is actively managed. Over the past 3 years, SPMD returned 15.03%/yr vs 24.42%/yr for CGDV. Their correlation of 0.88 suggests significant overlap in exposure. SPMD charges 0.05%/yr vs 0.33%/yr for CGDV.
Performance
SPMD vs. CGDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPMD achieves a 12.58% return, which is significantly higher than CGDV's 10.56% return.
SPMD
- 1D
- 0.23%
- 1M
- 0.17%
- YTD
- 12.58%
- 6M
- 12.81%
- 1Y
- 22.99%
- 3Y*
- 15.03%
- 5Y*
- 7.88%
- 10Y*
- 11.34%
CGDV
- 1D
- 0.38%
- 1M
- 1.84%
- YTD
- 10.56%
- 6M
- 11.84%
- 1Y
- 27.66%
- 3Y*
- 24.42%
- 5Y*
- —
- 10Y*
- —
SPMD vs. CGDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 12.58% | 7.44% | 13.91% | 16.48% | -3.40% |
CGDV Capital Group Dividend Value ETF | 10.56% | 25.50% | 20.10% | 28.81% | -0.44% |
Correlation
The correlation between SPMD and CGDV is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.88 |
The correlation between SPMD and CGDV shifts across timeframes, from 0.77 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPMD vs. CGDV — Risk / Return Rank
SPMD
CGDV
SPMD vs. CGDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 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.
| SPMD | CGDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.85 | -0.24 |
| Martin ratioReturn relative to average drawdown | 9.55 | 13.39 | -3.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPMD | CGDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.35 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.25 | -0.81 |
Drawdowns
SPMD vs. CGDV - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for SPMD and CGDV.
Loading charts...
Drawdown Indicators
| SPMD | CGDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -21.82% | -35.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -9.75% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -24.08% | -14.28% | -9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -1.86% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -3.61% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.07% | +0.34% |
Volatility
SPMD vs. CGDV - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a higher volatility of 4.16% compared to Capital Group Dividend Value ETF (CGDV) at 3.61%. This indicates that SPMD's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPMD | CGDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.61% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 9.47% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 11.83% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 15.54% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 15.54% | +5.65% |
SPMD vs. CGDV - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than CGDV's 0.33% expense ratio.
Dividends
SPMD vs. CGDV - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.24%, more than CGDV's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGDV Capital Group Dividend Value ETF | 1.18% | 1.29% | 1.60% | 1.65% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.24% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
SPMD and CGDV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMD has higher volatility (4.16%) compared to CGDV (3.61%). In terms of maximum drawdown, SPMD dropped -57.62% vs CGDV's -21.82%.
On 3-year performance, CGDV leads with 24.42% vs 15.03% for SPMD. On fees, SPMD is cheaper at 0.05% per year. On volatility, CGDV has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGDV has performed better with a 24.42% return vs 15.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.33% for CGDV.
SPMD has the higher dividend yield at 1.24%, compared with 1.18% for CGDV.
SPMD is categorized as Mid Cap Blend Equities, 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 SPMD and 0.33% for CGDV.
CGDV currently has the higher Sharpe Ratio (2.35 vs 1.48), 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.
Find the right allocation for SPMD and CGDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer