CGDV vs SPY
Capital Group Dividend Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CGDV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. CGDV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 42.2%.
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 | SPY |
|---|---|---|
| Expense Ratio | 0.33% | 0.09%Best |
| AUM | $38.7B | $804.7B |
| Dividend Yield | 1.17% | 0.98% |
| Holdings | 58 | 505 |
| YTD Return | +12.09% | +12.22%Best |
| 1Y Return | +18.67%Best | +16.97% |
| 3Y Return (annualized) | +23.38%Best | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 15.1%Best | 15.6% |
| Max Drawdown | -21.8%Best | -22.1% |
| $10,000 over 4.6 years | $21,429Best | $19,028 |
| Top 10 Weight | 42.2% | 37.8%Best |
| Fund Family | Capital Group (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Feb 22, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 17, 2026 (4.6 years).
CGDV vs SPY 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 4.6 years both funds cover.
CGDV vs SPY Performance
Capital Group Dividend Value ETF (CGDV) is an ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CGDV returned +18.67% while SPY returned +16.97%. Year to date, CGDV is up 12.09% versus a gain of 12.22% for SPY.
Over three years, CGDV compounded at +23.38% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.1% 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 -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.17% against 0.98% for SPY.
Holdings Overlap
89.8% of CGDV's money is in holdings SPY also owns. 48.1% of SPY's money is in holdings CGDV also owns.
Most of CGDV is already inside SPY. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 53 positions we hold weights for in CGDV and 504 in SPY, against full books of 58 and 505.
What only one of them owns
Our book lists 451 positions for SPY that do not appear in our book for CGDV (51.2% of the fund), and 1 for CGDV that do not appear in SPY (0.7%).
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.
Top Shared Holdings
| Stock | Weight in CGDV | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.57% | 8.01% | 1.44% |
| MSFTMicrosoft Corp | 7.50% | 5.66% | 1.84% |
| AAPLApple, Inc | 2.22% | 7.26% | 5.04% |
| AVGOBroadcom Inc | 4.50% | 2.66% | 1.84% |
| METAMeta Platforms Inc | 4.59% | 1.93% | 2.66% |
| GOOGLAlphabet Inc,class A | 3.53% | 2.99% | 0.54% |
| AMZNAmazon.Com Inc | 1.98% | 3.79% | 1.81% |
| ORCLOracle Corp - Common | 3.42% | 0.36% | 3.06% |
| JPMJpmorgan Chase | 2.20% | 1.45% | 0.75% |
| GEGeneral Electric Co. | 3.06% | 0.53% | 2.53% |
89.8% of CGDV is already inside SPY.
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, CGDV or SPY?
CGDV has an expense ratio of 0.33% while SPY charges 0.09%. SPY is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, CGDV or SPY?
Over the past year CGDV returned +18.67% vs +16.97% for SPY, 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 SPY?
SPY has been the more volatile fund at 15.6% annualized versus 15.1% for CGDV. Worst drawdown: CGDV -21.8% vs SPY -22.1%.
Should I hold both CGDV and SPY?
CGDV and SPY have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CGDV and SPY?
89.8% of CGDV's money is in holdings SPY also owns. 48.1% of SPY's is in holdings CGDV also owns. They hold 46 positions in common, counted across the 53 positions we hold weights for in CGDV and 504 in SPY.
Which pays a higher dividend, CGDV or SPY?
CGDV yields 1.17% while SPY yields 0.98%, so CGDV currently pays the higher dividend yield.
Is SPY better than CGDV?
SPY has a lower expense ratio. CGDV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 42.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.