TCAF vs. CGDV
Compare and contrast key facts about T. Rowe Price Capital Appreciation Equity ETF (TCAF) and Capital Group Dividend Value ETF (CGDV).
TCAF and CGDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCAF is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. CGDV is an actively managed fund by Capital Group. It was launched on Feb 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCAF or CGDV.
Key characteristics
| TCAF | CGDV | |
|---|---|---|
| YTD Return | 24.00% | 24.19% |
| 1Y Return | 34.07% | 37.36% |
| Sharpe Ratio | 2.97 | 3.24 |
| Sortino Ratio | 4.00 | 4.47 |
| Omega Ratio | 1.55 | 1.59 |
| Calmar Ratio | 5.68 | 7.15 |
| Martin Ratio | 23.43 | 28.07 |
| Ulcer Index | 1.45% | 1.32% |
| Daily Std Dev | 11.44% | 11.48% |
| Max Drawdown | -8.80% | -21.82% |
| Current Drawdown | -0.12% | -1.27% |
Correlation
The correlation between TCAF and CGDV is 0.86, 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.
Performance
TCAF vs. CGDV - Performance Comparison
The year-to-date returns for both investments are quite close, with TCAF having a 24.00% return and CGDV slightly higher at 24.19%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TCAF vs. CGDV - Expense Ratio Comparison
TCAF has a 0.31% expense ratio, which is lower than CGDV's 0.33% expense ratio.
Risk-Adjusted Performance
TCAF vs. CGDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Equity ETF (TCAF) 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.
Dividends
TCAF vs. CGDV - Dividend Comparison
TCAF's dividend yield for the trailing twelve months is around 0.21%, less than CGDV's 1.49% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TCAF T. Rowe Price Capital Appreciation Equity ETF | 0.21% | 0.26% | 0.00% |
CGDV Capital Group Dividend Value ETF | 1.49% | 1.66% | 1.36% |
Drawdowns
TCAF vs. CGDV - Drawdown Comparison
The maximum TCAF drawdown since its inception was -8.80%, smaller than the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for TCAF and CGDV. For additional features, visit the drawdowns tool.
Volatility
TCAF vs. CGDV - Volatility Comparison
T. Rowe Price Capital Appreciation Equity ETF (TCAF) has a higher volatility of 3.57% compared to Capital Group Dividend Value ETF (CGDV) at 3.34%. This indicates that TCAF'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.