CGVV vs SPY
Capital Group US Large Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CGVV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CGVV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.09% | |
| AUM | $146M | $821.1B | |
| Dividend Yield | 0.85% | 1.01% | |
| Holdings | 134 | 505 | |
| YTD Return | +18.19% | +12.22% | |
| 1Y Return | +25.87% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 13.9% | 15.3% | |
| Max Drawdown | -10.1% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 24, 2025 | Jan 22, 1993 |
CGVV vs SPY Performance
Capital Group US Large Value ETF (CGVV) 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 CGVV returned +25.87% while SPY returned +20.83%. Year to date, CGVV is up 18.19% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.9% for CGVV. 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 -10.1% for CGVV 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGVV 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, CGVV currently yields 0.85% against 1.01% for SPY.
Holdings Overlap
CGVV and SPY share 50 holdings out of 520 unique holdings combined, representing a 28.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGVV or SPY?
CGVV 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, CGVV or SPY?
Over the past year CGVV returned +25.87% vs +20.83% for SPY, so CGVV leads on 1-year performance. Over the longest common window we track (1 years), CGVV annualized +23.23% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, CGVV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.9% for CGVV. Worst drawdown: CGVV -10.1% vs SPY -56.5%.
Should I hold both CGVV and SPY?
CGVV and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGVV and SPY?
CGVV and SPY share 50 common holdings with a 28.5% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, CGVV or SPY?
CGVV yields 0.85% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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