CAPE vs CGDV
DoubleLine Shiller CAPE US Equities ETF vs Capital Group Dividend Value ETF
Which is better, CAPE or CGDV?
CGDV has been ahead.
CGDV has a lower expense ratio. CGDV led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 43.1%.
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 | CAPE | CGDV |
|---|---|---|
| Expense Ratio | 0.65% | 0.33%Best |
| AUM | $209M | $39.3B |
| Dividend Yield | 1.46% | 1.23% |
| Holdings | 182 | 116 |
| YTD Return | +0.19% | +12.74%Best |
| 1Y Return | +0.83% | +19.20%Best |
| 3Y Return (annualized) | +11.60% | +24.22%Best |
| Volatility (annualized) | 16.7% | 14.6%Best |
| Max Drawdown | -22.1% | -20.7%Best |
| $10,000 over 4.5 years | $13,406 | $20,386Best |
| Top 10 Weight | 29.0%Best | 43.1% |
| Fund Family | DoubleLine Funds | Capital Group (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Feb 22, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
CAPE vs CGDV 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 4.5 years both funds cover.
CAPE vs CGDV Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and Capital Group Dividend Value ETF (CGDV) is an ETF from Capital Group (US). Over the past year CAPE returned +0.83% while CGDV returned +19.20%. Year to date, CAPE is up 0.19% versus a gain of 12.74% for CGDV.
Over three years, CAPE compounded at +11.60% per year against +24.22% for CGDV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 14.6% 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 -22.1% for CAPE and -20.7% for CGDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while CGDV charges 0.33%. On a $10,000 position that is $65 vs $33 annually, a gap of $32 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 1.23% for CGDV.
Holdings Overlap
20.3% of CAPE's money is in holdings CGDV also owns. 16.3% of CGDV's money is in holdings CAPE also owns.
CAPE and CGDV share little of their money.
12 positions in common, counted across the 170 positions we hold weights for in CAPE and 53 in CGDV, against full books of 182 and 116.
What only one of them owns
Our book lists 37 positions for CGDV that do not appear in our book for CAPE (77.2% of the fund), and 154 for CAPE that do not appear in CGDV (78.3%).
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.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in CGDV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.04% | 2.18% | 3.86% |
| LIN:IELinde (Industrial Gases Supplier And Engineer) | 3.35% | 1.92% | 1.43% |
| PLDPrologis Inc | 2.24% | 0.90% | 1.34% |
| PMPhilip Morris International Inc. | 1.56% | 1.46% | 0.10% |
| SBUXStarbucks Corp | 0.75% | 2.21% | 1.46% |
| RCLRoyal Caribbean Cruises Ltd Common Stock | 0.42% | 1.86% | 1.44% |
| IPInternational Paper Co. | 0.68% | 1.50% | 0.82% |
| SWSmurfit WestRock plc Common Shares | 0.83% | 1.17% | 0.34% |
| APDAir Products & Chemicals Inc. | 1.23% | 0.73% | 0.50% |
| MDLZMondelez International Inc Com A Npv | 1.10% | 0.85% | 0.25% |
20.3% of CAPE is already inside CGDV.
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, CAPE or CGDV?
CAPE has an expense ratio of 0.65% while CGDV charges 0.33%. CGDV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, CAPE or CGDV?
Over the past year CAPE returned +0.83% vs +19.20% for CGDV, so CGDV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or CGDV?
CAPE has been the more volatile fund at 16.7% annualized versus 14.6% for CGDV. Worst drawdown: CAPE -22.1% vs CGDV -20.7%.
Should I hold both CAPE and CGDV?
CAPE and CGDV have a monthly-return correlation of 0.85, 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 CAPE and CGDV?
20.3% of CAPE's money is in holdings CGDV also owns. 16.3% of CGDV's is in holdings CAPE also owns. They hold 12 positions in common, counted across the 170 positions we hold weights for in CAPE and 53 in CGDV.
Which pays a higher dividend, CAPE or CGDV?
CAPE yields 1.46% while CGDV yields 1.23%, so CAPE currently pays the higher dividend yield.
Is CGDV better than CAPE?
CGDV has a lower expense ratio. CGDV led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 43.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.