CGCV vs ETY
Capital Group Conservative Equity ETF vs Eaton Vance Tax-Managed Diversified Equity Income Fund
Which is better, CGCV or ETY?
CGCV has been ahead.
CGCV has a lower expense ratio. CGCV led over 1Y and the full window. CGCV is less concentrated, with 33.0% of the fund in its ten largest positions against 50.5%.
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 | CGCV | ETY |
|---|---|---|
| Expense Ratio | 0.33%Best | 1.06% |
| AUM | $2.1B | $1.8B |
| Dividend Yield | 1.59% | 7.52% |
| Holdings | 146 | 61 |
| YTD Return | +8.70%Best | -2.20% |
| 1Y Return | +11.37%Best | -2.84% |
| 3Y Return (annualized) | - | +15.48% |
| 5Y Return (annualized) | - | +8.08% |
| Volatility (annualized) | 9.9%Best | 12.3% |
| Max Drawdown | -13.1%Best | -21.3% |
| $10,000 over 2.3 years | $13,706Best | $11,858 |
| Top 10 Weight | 33.0%Best | 50.5% |
| Fund Family | Capital Group (US) | Eaton Vance |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Nov 27, 2006 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 27, 2024 to Oct 14, 2026 (2.3 years).
CGCV vs ETY 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 2.3 years both funds cover.
CGCV vs ETY Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is an ETF from Eaton Vance. Over the past year CGCV returned +11.37% while ETY returned -2.84%. Year to date, CGCV is up 8.70% versus a loss of 2.20% for ETY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETY has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 9.9% for CGCV. 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 -13.1% for CGCV and -21.3% for ETY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCV charges 0.33% per year while ETY charges 1.06%. On a $10,000 position that is $33 vs $106 annually, a gap of $73 per year that compounds over a long holding period. On income, CGCV currently yields 1.59% against 7.52% for ETY.
Holdings Overlap
36.3% of CGCV's money is in holdings ETY also owns. 48.5% of ETY's money is in holdings CGCV also owns.
The two portfolios partly overlap.
The two holdings books were reported 64 days apart, CGCV as of Oct 3, 2026 and ETY as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
16 positions in common, counted across the 73 positions we hold weights for in CGCV and 58 in ETY, against full books of 146 and 61.
What only one of them owns
Our book lists 36 positions for ETY that do not appear in our book for CGCV (48.3% of the fund), and 53 for CGCV that do not appear in ETY (58.4%).
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 CGCV | Weight in ETY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.20% | 6.19% | 0.01% |
| NVDANvidia Corp | 2.16% | 9.28% | 7.12% |
| AAPLApple, Inc | 3.07% | 7.05% | 3.98% |
| AVGOBroadcom Inc | 4.04% | 4.14% | 0.10% |
| LLYEli Lilly & Co. | 3.00% | 2.66% | 0.34% |
| JPMJpmorgan Chase | 2.40% | 3.23% | 0.83% |
| METAMeta Platforms Inc | 2.72% | 2.35% | 0.37% |
| ABBVAbbvie Inc. | 2.66% | 2.05% | 0.61% |
| KOCoca Cola Co. | 1.70% | 2.66% | 0.96% |
| LINLinde Plc Ordinary Shares | 1.51% | 1.49% | 0.02% |
48.5% of ETY is already inside CGCV.
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, CGCV or ETY?
CGCV has an expense ratio of 0.33% while ETY charges 1.06%. CGCV is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, CGCV or ETY?
Over the past year CGCV returned +11.37% vs -2.84% for ETY, so CGCV leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.69% vs +7.69% for ETY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or ETY?
ETY has been the more volatile fund at 12.3% annualized versus 9.9% for CGCV. Worst drawdown: CGCV -13.1% vs ETY -21.3%.
Should I hold both CGCV and ETY?
CGCV and ETY have a monthly-return correlation of 0.75, 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 CGCV and ETY?
48.5% of ETY's money is in holdings CGCV also owns. 48.5% of ETY's is in holdings CGCV also owns. They hold 16 positions in common, counted across the 73 positions we hold weights for in CGCV and 58 in ETY.
Which pays a higher dividend, CGCV or ETY?
CGCV yields 1.59% while ETY yields 7.52%, so ETY currently pays the higher dividend yield.
Is ETY better than CGCV?
CGCV has a lower expense ratio. CGCV led over 1Y and the full window. CGCV is less concentrated, with 33.0% of the fund in its ten largest positions against 50.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.