SWDSX vs. CGCV

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab Dividend Equity Fund™ (SWDSX) and Capital Group Conservative Equity ETF (CGCV).

SWDSX is managed by Charles Schwab. It was launched on Sep 2, 2003. CGCV is an actively managed fund by Capital Group. It was launched on Jun 25, 2024.

Performance

SWDSX vs. CGCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Dividend Equity Fund™ (SWDSX) and Capital Group Conservative Equity ETF (CGCV). The values are adjusted to include any dividend payments, if applicable.

SWDSX vs. CGCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SWDSX Schwab Dividend Equity Fund™	1.45%	12.31%	10.28%
CGCV Capital Group Conservative Equity ETF	-1.62%	16.62%	7.44%

Returns By Period

In the year-to-date period, SWDSX achieves a 1.45% return, which is significantly higher than CGCV's -1.62% return.

SWDSX

• 1D: 1.00%
• 1M: -4.41%
• YTD: 1.45%
• 6M: 1.28%
• 1Y: 10.68%
• 3Y*: 13.14%
• 5Y*: 8.88%
• 10Y*: 8.85%

CGCV

• 1D: 0.17%
• 1M: -5.85%
• YTD: -1.62%
• 6M: -0.37%
• 1Y: 11.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SWDSX vs. CGCV - Expense Ratio Comparison

SWDSX has a 0.89% expense ratio, which is higher than CGCV's 0.33% expense ratio.

SWDSX

Schwab Dividend Equity Fund™

CGCV

Capital Group Conservative Equity ETF

Return for Risk

SWDSX vs. CGCV — Risk / Return Rank

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

SWDSX

SWDSX Risk / Return Rank: 37
SWDSX Sharpe Ratio Rank: 32
SWDSX Sortino Ratio Rank: 30
SWDSX Omega Ratio Rank: 35
SWDSX Calmar Ratio Rank: 41
SWDSX Martin Ratio Rank: 48

CGCV

CGCV Risk / Return Rank: 44
CGCV Sharpe Ratio Rank: 42
CGCV Sortino Ratio Rank: 42
CGCV Omega Ratio Rank: 45
CGCV Calmar Ratio Rank: 42
CGCV Martin Ratio Rank: 49

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.

SWDSX vs. CGCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Dividend Equity Fund™ (SWDSX) 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.

	SWDSX	CGCV	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.82	-0.05
Sortino ratio Return per unit of downside risk	1.12	1.22	-0.09
Omega ratio Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio Return relative to maximum drawdown	1.09	1.15	-0.05
Martin ratio Return relative to average drawdown	4.90	4.86	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWDSX vs. CGCV - Sharpe Ratio Comparison

The current SWDSX Sharpe Ratio is 0.77, which is comparable to the CGCV Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of SWDSX and CGCV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SWDSX	CGCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.82	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.99	-0.51

Correlation

The correlation between SWDSX and CGCV is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SWDSX vs. CGCV - Dividend Comparison

SWDSX's dividend yield for the trailing twelve months is around 0.79%, less than CGCV's 1.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWDSX Schwab Dividend Equity Fund™	0.79%	1.22%	2.59%	2.25%	6.83%	16.25%	2.09%	6.86%	11.63%	10.24%	1.68%	14.46%
CGCV Capital Group Conservative Equity ETF	1.57%	1.44%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SWDSX vs. CGCV - Drawdown Comparison

The maximum SWDSX drawdown since its inception was -50.01%, which is greater than CGCV's maximum drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for SWDSX and CGCV.

Drawdown Indicators

	SWDSX	CGCV	Difference
Max Drawdown Largest peak-to-trough decline	-50.01%	-13.13%	-36.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-10.34%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-17.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	—	—
Current Drawdown Current decline from peak	-5.06%	-5.97%	+0.91%
Average Drawdown Average peak-to-trough decline	-6.82%	-1.69%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.44%	-0.25%

Volatility

SWDSX vs. CGCV - Volatility Comparison

The current volatility for Schwab Dividend Equity Fund™ (SWDSX) is 2.96%, while Capital Group Conservative Equity ETF (CGCV) has a volatility of 4.11%. This indicates that SWDSX 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

	SWDSX	CGCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	4.11%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	7.65%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.55%	14.29%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	12.87%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	12.87%	+4.05%