USMD vs. CGRO
USMD (CoreValues America First Technology ETF) and CGRO (CoreValues Alpha Greater China Growth ETF) are both exchange-traded funds - USMD is a Technology Equities fund actively managed by CoreValues, while CGRO is a China Equities fund actively managed by CoreValues. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. USMD charges 0.87%/yr vs 0.75%/yr for CGRO.
Performance
USMD vs. CGRO - Performance Comparison
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Returns By Period
USMD
- 1D
- 4.53%
- 1M
- 2.48%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CGRO
- 1D
- 0.75%
- 1M
- 12.95%
- 6M
- -10.76%
- YTD
- -12.97%
- 1Y
- -12.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.01K | $9.52K | $35.25K | |
| $990.75 | $1.45K | $638.40 |
USMD vs. CGRO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
USMD CoreValues America First Technology ETF | 26.12% |
CGRO CoreValues Alpha Greater China Growth ETF | -9.82% |
Correlation
The correlation between USMD and CGRO is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | 0.49 |
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Return for Risk
USMD vs. CGRO — Risk / Return Rank
USMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CGRO
USMD vs. CGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreValues America First Technology ETF (USMD) and CoreValues Alpha Greater China Growth ETF (CGRO). 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.
| USMD | CGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.93 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.34 | — |
| Martin ratioReturn relative to average drawdown | — | -0.63 | — |
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Drawdowns
USMD vs. CGRO - Drawdown Comparison
The maximum USMD drawdown since its inception was -16.64%, smaller than the maximum CGRO drawdown of -36.53%. Use the drawdown chart below to compare losses from any high point for USMD and CGRO.
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Drawdown Indicators
| USMD | CGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -36.53% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.53% | — |
Current DrawdownCurrent decline from peak | -5.38% | -25.62% | +20.24% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -11.47% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.35% | — |
Volatility
USMD vs. CGRO - Volatility Comparison
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Volatility by Period
| USMD | CGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.69% | 23.09% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.69% | 28.67% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 28.67% | -0.98% |
USMD vs. CGRO - Expense Ratio Comparison
USMD has a 0.87% expense ratio, which is higher than CGRO's 0.75% expense ratio.
Dividends
USMD vs. CGRO - Dividend Comparison
USMD has not paid dividends to shareholders, while CGRO's dividend yield for the trailing twelve months is around 3.22%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | 3.22% | 2.48% | 2.47% | 0.21% |
USMD CoreValues America First Technology ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USMD and CGRO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGRO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGRO is cheaper with a 0.75% expense ratio, compared with 0.87% for USMD.
CGRO has the higher dividend yield at 3.22%, compared with 0.00% for USMD.
USMD is categorized as Technology Equities, while CGRO is China Equities. Their fees differ too: 0.87% for USMD and 0.75% for CGRO.
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