CGDV vs SPY
CGDV vs SPY
Capital Group Dividend Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CGDV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CGDV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.09% | |
| AUM | $36.8B | $789.1B | |
| Dividend Yield | 1.19% | 1.01% | |
| Holdings | 57 | 505 | |
| YTD Return | +17.33% | +13.79% | |
| 1Y Return | +28.61% | +23.66% | |
| 3Y Return (annualized) | +24.58% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 15.2% | 15.3% | |
| Max Drawdown | -21.8% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 22, 2022 | Jan 22, 1993 |
CGDV vs SPY Performance
Capital Group Dividend Value ETF (CGDV) is a ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CGDV returned +28.61% while SPY returned +23.66%. Year to date, CGDV is up 17.33% versus a gain of 13.79% for SPY.
Over three years, CGDV compounded at +24.58% per year against +21.40% for SPY. Across the full 4-year window we track, CGDV has the edge at +19.74% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.2% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CGDV charges 0.33% per year while SPY charges 0.09%. On a $10,000 position that is $33 vs $9 annually, a gap of $24 per year that compounds over a long holding period. On income, CGDV currently yields 1.19% against 1.01% for SPY.
Holdings Overlap
CGDV and SPY share 47 holdings out of 509 unique holdings combined, representing a 38.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CGDV | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 5.68% | 7.31% | 1.63% |
| MSFT | 5.59% | 4.43% | 1.16% |
| AAPL | 2.40% | 7.09% | 4.69% |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| RCL | Pro | Pro | Pro |
| GE | Pro | Pro | Pro |
| RTX | Pro | Pro | Pro |
See all 10 holdings CGDV shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CGDV or SPY?
CGDV has an expense ratio of 0.33% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, CGDV or SPY?
Over the past year CGDV returned +28.61% vs +23.66% for SPY, so CGDV leads on 1-year performance. Over the longest common window we track (4 years), CGDV annualized +19.74% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CGDV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.2% for CGDV. Worst drawdown: CGDV -21.8% vs SPY -56.5%.
Should I hold both CGDV and SPY?
CGDV and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CGDV and SPY?
CGDV and SPY share 47 common holdings with a 38.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, CGDV or SPY?
CGDV yields 1.19% while SPY yields 1.01%, so CGDV currently pays the higher dividend yield.
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