CGVV vs SPY
Capital Group US Large Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CGVV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. CGVV led over 1Y, SPY over the full window. CGVV is less concentrated, with 35.5% of the fund in its ten largest positions against 38.0%.
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 | CGVV | SPY |
|---|---|---|
| Expense Ratio | 0.33% | 0.09%Best |
| AUM | $144M | $804.7B |
| Dividend Yield | 0.81% | 0.98% |
| Holdings | 68 | 505 |
| YTD Return | +16.49%Best | +12.47% |
| 1Y Return | +18.80%Best | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 13.7% | 11.9%Best |
| Max Drawdown | -10.1% | -8.9%Best |
| $10,000 over 1.2 years | $12,509 | $12,605Best |
| Top 10 Weight | 35.5%Best | 38.0% |
| Fund Family | Capital Group (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 24, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jun 26, 2025 to Sep 11, 2026 (1.2 years).
CGVV 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 1.2 years both funds cover.
CGVV vs SPY Performance
Capital Group US Large Value ETF (CGVV) 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 CGVV returned +18.80% while SPY returned +17.51%. Year to date, CGVV is up 16.49% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGVV has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.9% for SPY. 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 -8.9% 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 0.73. 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 0.81% against 0.98% for SPY.
Holdings Overlap
80.4% of CGVV's money is in holdings SPY also owns. 34.5% of SPY's money is in holdings CGVV also owns.
Most of CGVV is already inside SPY. Owning both mostly buys the same companies twice.
50 positions in common, counted across the 66 positions we hold weights for in CGVV and 504 in SPY, against full books of 68 and 505.
What only one of them owns
Our book lists 446 positions for SPY that do not appear in our book for CGVV (65.1% of the fund), and 13 for CGVV that do not appear in SPY (16.0%).
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 CGVV | Weight in SPY | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.33% | 4.08% | 3.25% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.37% | 5.50% | 0.13% |
| AAPLApple, Inc | 1.35% | 6.83% | 5.48% |
| GOOGLAlphabet A Usd 0.001 | 2.93% | 3.33% | 0.40% |
| METAMeta Platforms, Inc. | 3.08% | 1.94% | 1.14% |
| INTCIntel Corp. | 3.32% | 0.72% | 2.60% |
| JPMJpmorgan Chase & Co. | 2.56% | 1.44% | 1.12% |
| BRK.BBerkshire Hathaway B | 2.19% | 1.42% | 0.77% |
| SBUXStarbucks Corp | 3.08% | 0.18% | 2.90% |
| UBERUber Technologies Inc | 3.04% | 0.22% | 2.82% |
80.4% of CGVV 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, CGVV or SPY?
CGVV 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, CGVV or SPY?
Over the past year CGVV returned +18.80% vs +17.51% for SPY, so CGVV leads on 1-year performance. Over the longest common window we track (1 years), CGVV annualized +20.51% vs +21.28% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGVV or SPY?
CGVV has been the more volatile fund at 13.7% annualized versus 11.9% for SPY. Worst drawdown: CGVV -10.1% vs SPY -8.9%.
Should I hold both CGVV and SPY?
CGVV and SPY have a monthly-return correlation of 0.73, 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 CGVV and SPY?
80.4% of CGVV's money is in holdings SPY also owns. 34.5% of SPY's is in holdings CGVV also owns. They hold 50 positions in common, counted across the 66 positions we hold weights for in CGVV and 504 in SPY.
Which pays a higher dividend, CGVV or SPY?
CGVV yields 0.81% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than CGVV?
SPY has a lower expense ratio. CGVV led over 1Y, SPY over the full window. CGVV is less concentrated, with 35.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.