CGCV vs FMCX
Capital Group Conservative Equity ETF vs FM Focus Equity ETF
Which is better, CGCV or FMCX?
CGCV has been ahead.
CGCV has a lower expense ratio. CGCV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGCV | FMCX |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.72% |
| AUM | $2.4B | $115M |
| Dividend Yield | 1.53% | 0.30% |
| Holdings | 148 | 32 |
| YTD Return | +11.65%Best | +5.96% |
| 1Y Return | +13.00%Best | +6.03% |
| 3Y Return (annualized) | - | +14.81% |
| Volatility (annualized) | 9.9%Best | 13.4% |
| Max Drawdown | -13.1%Best | -18.5% |
| $10,000 over 2.4 years | $14,120Best | $12,769 |
| Fund Family | Capital Group (US) | First Manhattan |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Apr 22, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 27, 2024 to Nov 12, 2026 (2.4 years).
CGCV vs FMCX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
CGCV vs FMCX Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and FM Focus Equity ETF (FMCX) is an ETF from First Manhattan. Over the past year CGCV returned +13.00% while FMCX returned +6.03%. Year to date, CGCV is up 11.65% versus a gain of 5.96% for FMCX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMCX has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 9.9% for CGCV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.1% for CGCV and -18.5% for FMCX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCV charges 0.33% per year while FMCX charges 0.72%. On a $10,000 position that is $33 vs $72 annually, a gap of $39 per year that compounds over a long holding period. On income, CGCV currently yields 1.53% against 0.30% for FMCX.
Holdings Overlap
At least 20.2% of CGCV's money is in holdings FMCX also owns.
Stated as a floor: for FMCX, our book for it covers 88.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
CGCV and FMCX share little of their money.
10 positions in common, counted across the 73 positions we hold weights for in CGCV and 28 in FMCX, against full books of 148 and 32.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in FMCX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.27% | 7.38% | 1.11% |
| GEGeneral Electric Co. | 1.88% | 5.83% | 3.95% |
| AVGOBroadcom Inc | 3.86% | 3.13% | 0.73% |
| TMOThermo Fisher | 0.70% | 4.07% | 3.37% |
| LINLinde Plc Ordinary Shares | 1.52% | 3.16% | 1.64% |
| NVDANvidia Corp | 2.03% | 1.99% | 0.04% |
| CBChubb Ltd. | 0.91% | 2.87% | 1.96% |
| UNPUnion Pacific Corp | 1.57% | 2.03% | 0.46% |
| AMATApplied Material | 1.17% | 1.38% | 0.21% |
| ORCLOracle Corp - Common | 0.30% | 2.13% | 1.83% |
20.2% of CGCV is already inside FMCX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGCV or FMCX?
CGCV has an expense ratio of 0.33% while FMCX charges 0.72%. CGCV is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, CGCV or FMCX?
Over the past year CGCV returned +13.00% vs +6.03% for FMCX, so CGCV leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +15.46% vs +10.72% for FMCX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or FMCX?
FMCX has been the more volatile fund at 13.4% annualized versus 9.9% for CGCV. Worst drawdown: CGCV -13.1% vs FMCX -18.5%.
Should I hold both CGCV and FMCX?
CGCV and FMCX have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGCV and FMCX?
At least 20.2% of CGCV's money is in holdings FMCX also owns. Our book for FMCX is partial, so the real figure is this or higher. They hold 10 positions in common, counted across the 73 positions we hold weights for in CGCV and 28 in FMCX.
Which pays a higher dividend, CGCV or FMCX?
CGCV yields 1.53% while FMCX yields 0.30%, so CGCV currently pays the higher dividend yield.
Is FMCX better than CGCV?
CGCV has a lower expense ratio. CGCV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.