CGCV vs GAB
Capital Group Conservative Equity ETF vs Gabelli Equity Trust
Which is better, CGCV or GAB?
CGCV has been ahead.
CGCV has a lower expense ratio. CGCV led over 1Y and the full window.
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 | GAB |
|---|---|---|
| Expense Ratio | 0.33%Best | 1.50% |
| AUM | $2.1B | $2.3B |
| Dividend Yield | 1.59% | 10.96% |
| Holdings | 146 | 682 |
| YTD Return | +8.70%Best | -8.60% |
| 1Y Return | +11.37%Best | -4.60% |
| 3Y Return (annualized) | - | +12.18% |
| 5Y Return (annualized) | - | +4.88% |
| Volatility (annualized) | 9.9%Best | 11.3% |
| Max Drawdown | -13.1%Best | -13.8% |
| $10,000 over 2.3 years | $13,706Best | $12,396 |
| Fund Family | Capital Group (US) | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Aug 21, 1986 |
Not shown on this pair: Top 10 Weight.
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 GAB 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 GAB Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and Gabelli Equity Trust (GAB) is an ETF from Gabelli Funds. Over the past year CGCV returned +11.37% while GAB returned -4.60%. Year to date, CGCV is up 8.70% versus a loss of 8.60% for GAB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GAB has been the more volatile fund, with annualized monthly volatility of 11.3% 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 -13.8% for GAB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
CGCV charges 0.33% per year while GAB charges 1.50%. On a $10,000 position that is $33 vs $150 annually, a gap of $117 per year that compounds over a long holding period. On income, CGCV currently yields 1.59% against 10.96% for GAB.
Holdings Overlap
At least 65.2% of CGCV's money is in holdings GAB also owns.
Only one direction is shown: for GAB, our book for it lists positions totalling 115.3% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
The two holdings books were reported 186 days apart, CGCV as of Oct 3, 2026 and GAB as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
39 positions in common, counted across the 73 positions we hold weights for in CGCV and 655 in GAB, against full books of 146 and 682.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in GAB | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.20% | 0.15% | 6.05% |
| AVGOBroadcom Inc | 4.04% | 0.10% | 3.94% |
| PMPhilip Morris International Inc. | 3.41% | 0.40% | 3.01% |
| MAMastercard Inc | 0.88% | 2.49% | 1.61% |
| AAPLApple, Inc | 3.07% | 0.09% | 2.98% |
| METAMeta Platforms Inc | 2.72% | 0.37% | 2.35% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.00% | 0.03% | 2.97% |
| LLYEli Lilly & Co. | 3.00% | 0.02% | 2.98% |
| JPMJpmorgan Chase | 2.40% | 0.47% | 1.93% |
| ABBVAbbvie Inc. | 2.66% | 0.01% | 2.65% |
65.2% of CGCV is already inside GAB.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CGCV or GAB?
CGCV has an expense ratio of 0.33% while GAB charges 1.50%. CGCV is the cheaper option, by $117 a year on a $10,000 investment.
Which performed better, CGCV or GAB?
Over the past year CGCV returned +11.37% vs -4.60% for GAB, so CGCV leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.69% vs +9.79% for GAB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or GAB?
GAB has been the more volatile fund at 11.3% annualized versus 9.9% for CGCV. Worst drawdown: CGCV -13.1% vs GAB -13.8%.
Should I hold both CGCV and GAB?
CGCV and GAB have a monthly-return correlation of 0.72, 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 GAB?
At least 65.2% of CGCV's money is in holdings GAB also owns. Our book for GAB is partial, so the real figure is this or higher. They hold 39 positions in common, counted across the 73 positions we hold weights for in CGCV and 655 in GAB.
Which pays a higher dividend, CGCV or GAB?
CGCV yields 1.59% while GAB yields 10.96%, so GAB currently pays the higher dividend yield.
Is GAB better than CGCV?
CGCV has a lower expense ratio. CGCV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.