CGDV vs DFNL
Capital Group Dividend Value ETF vs Davis Select Financial ETF
Which is better, CGDV or DFNL?
Each has led over a different period.
CGDV has a lower expense ratio. CGDV led over 1Y and the full window, DFNL over 3Y. CGDV is less concentrated, with 41.8% of the fund in its ten largest positions against 58.1%.
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 | CGDV | DFNL |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.61% |
| AUM | $39.5B | $453M |
| Dividend Yield | 1.22% | 1.32% |
| Holdings | 116 | 60 |
| YTD Return | +8.79%Best | +3.73% |
| 1Y Return | +13.48%Best | +12.09% |
| 3Y Return (annualized) | +22.52% | +24.50%Best |
| 5Y Return (annualized) | - | +11.10% |
| Volatility (annualized) | 15.0%Best | 18.8% |
| Max Drawdown | -21.8%Best | -23.4% |
| $10,000 over 4.7 years | $20,673Best | $17,475 |
| Top 10 Weight | 41.8%Best | 58.1% |
| Fund Family | Capital Group (US) | Davis ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Feb 22, 2022 | Jan 11, 2017 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 24, 2022 to Nov 6, 2026 (4.7 years).
CGDV vs DFNL 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 4.7 years both funds cover.
CGDV vs DFNL Performance
Capital Group Dividend Value ETF (CGDV) is an ETF from Capital Group (US) and Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs. Over the past year CGDV returned +13.48% while DFNL returned +12.09%. Year to date, CGDV is up 8.79% versus a gain of 3.73% for DFNL.
Over three years, CGDV compounded at +22.52% per year against +24.50% for DFNL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.0% for CGDV. 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 -21.8% for CGDV and -23.4% for DFNL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGDV charges 0.33% per year while DFNL charges 0.61%. On a $10,000 position that is $33 vs $61 annually, a gap of $28 per year that compounds over a long holding period. On income, CGDV currently yields 1.22% against 1.32% for DFNL.
Holdings Overlap
3.0% of CGDV's money is in holdings DFNL also owns. 9.6% of DFNL's money is in holdings CGDV also owns.
DFNL and CGDV share little of their money.
2 positions in common, counted across the 53 positions we hold weights for in CGDV and 30 in DFNL, against full books of 116 and 60.
What only one of them owns
Our book lists 21 positions for DFNL that do not appear in our book for CGDV (74.9% of the fund), and 46 for CGDV that do not appear in DFNL (88.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CGDV and DFNL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGDV or DFNL?
CGDV has an expense ratio of 0.33% while DFNL charges 0.61%. CGDV is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, CGDV or DFNL?
Over the past year CGDV returned +13.48% vs +12.09% for DFNL, so CGDV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGDV or DFNL?
DFNL has been the more volatile fund at 18.8% annualized versus 15.0% for CGDV. Worst drawdown: CGDV -21.8% vs DFNL -23.4%.
Should I hold both CGDV and DFNL?
CGDV and DFNL have a monthly-return correlation of 0.80, 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 CGDV and DFNL?
9.6% of DFNL's money is in holdings CGDV also owns. 9.6% of DFNL's is in holdings CGDV also owns. They hold 2 positions in common, counted across the 53 positions we hold weights for in CGDV and 30 in DFNL.
Which pays a higher dividend, CGDV or DFNL?
CGDV yields 1.22% while DFNL yields 1.32%, so DFNL currently pays the higher dividend yield.
Is DFNL better than CGDV?
CGDV has a lower expense ratio. CGDV led over 1Y and the full window, DFNL over 3Y. CGDV is less concentrated, with 41.8% of the fund in its ten largest positions against 58.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.