What does the expense ratio mean for these ETFs?

The expense ratio is an annual fee expressed as a percentage of assets. For CGDV, the fee is 0.33%, while for VOO it is 0.03%. This creates a difference of 0.30 percentage points. Over time, lower fees can improve net returns because more of the fund's gross performance is retained by investors. When comparing funds, always consider that a 0.30% difference in cost may seem small but can compound significantly over many years.

How do the tracking methods differ between the two funds?

The fund data lists the index tracked for both CGDV and VOO as 'not available'. However, CGDV is described as an actively managed Large Value fund, suggesting its strategy relies on manager selection rather than strict index replication. VOO is categorised as a Large Blend fund, typically associated with tracking a broad benchmark like the S&P 500, though specific methodology details are marked as not available. Without clear index data, investors should understand CGDV is explicitly active, while VOO is traditionally passive.

What does it mean when the index tracked is listed as 'not available'?

For both CGDV and VOO, the FUND DATA lists the index tracked as 'not available'. This means the specific benchmark used to measure performance is not disclosed in this comparison context. For active funds like CGDV, managers may not strictly follow a single index, aiming instead for a specific objective like dividend value. For ETFs like VOO, even if commonly associated with a major index, the formal data point remains undefined here, requiring reliance on other factors such as category descriptions and holdings to infer strategy.

How similar are the top holdings between CGDV and VOO?

Both funds share five companies in their top ten holdings: MSFT, NVDA, META, AVGO, and GOOGL. In CGDV, MSFT is weighted at 7.59% and NVDA at 6.56%. In VOO, NVDA is 8.08% and MSFT is 5.70%. This overlap indicates that both funds have significant exposure to mega-cap technology stocks. Consequently, investors holding both funds might find their portfolios concentrated in the same market leaders, reducing the diversification benefit typically expected from combining two different funds.

How do the dividend yields compare for income-focused investors?

CGDV has a dividend yield of 1.17%, which is higher than VOO's yield of 1.03%. A higher yield means that, relative to its share price, the fund distributes more income. This might appeal to investors prioritising current cash flow. However, yields fluctuate based on dividend payments and share prices. The difference of 0.14 percentage points suggests CGDV provides slightly more income, but investors should consider total return, including capital appreciation, rather than focusing solely on yield.

What is the significance of the fund's inception date?

CGDV was launched on February 22, 2022, giving it a track record of approximately three and a half years as of the data date. VOO was established on September 7, 2010, providing over 15 years of performance history. A longer history allows investors to observe how a fund behaves through various market cycles, such as bull and bear markets. VOO's extensive record offers more data points for assessing consistency, while CGDV's shorter life means less historical evidence of its stability and strategy effectiveness over time.

How do the fund sizes compare and what does that imply?

CGDV holds net assets of $38.3 billion, which is substantial but significantly smaller than VOO's $1.08 trillion. VOO's enormous size typically correlates with high liquidity and tight bid-ask spreads, making it easier to buy and sell large positions without moving the price. CGDV's size still indicates strong liquidity relative to smaller funds, but the scale difference suggests VOO may offer lower trading costs in practice due to its vast market participation and volume.

What are the primary differences in sector exposure implied by these funds?

The FUND DATA lists sector weights for both CGDV and VOO as 'not available'. Consequently, a detailed comparison of specific sector allocations cannot be made from the provided figures. However, CGDV is categorised as 'Large Value' and VOO as 'Large Blend'. These categories suggest CGDV focuses on companies potentially undervalued relative to their fundamentals, while VOO aims for a balanced exposure across the broader large-cap market. Investors should be aware that sector weights are not disclosed in this dataset.

How do the different fund categories influence investment behaviour?

CGDV is classified as Large Value, implying a focus on established companies with attractive dividends or undervalued fundamentals. VOO is Large Blend, suggesting it combines growth and value characteristics across a broad market spectrum. These categories reflect typical strategy orientations, even with exact index data unavailable. Investors might choose a Value ETF like CGDV if they believe undervalued segments will outperform, or a Blend ETF like VOO for a more balanced approach, though individual holdings show heavy tech weighting in both.

What should beginners know before choosing between these ETFs?

This comparison is for educational purposes only and does not constitute financial advice. Beginners should consider factors like the 0.30% difference in expense ratios, the distinct fund sizes, and the varying inception dates. It is crucial to understand that past performance, yields, and holdings, such as the shared tech giants MSFT and NVDA, are data points from a specific date (2026-09-22) and can change. Always conduct your own research or consult a qualified financial adviser before making investment decisions.

How can an investor assess the liquidity of these funds?

Liquidity is often gauged by net assets and trading volume. With $1.08 trillion in assets, VOO offers exceptional liquidity, typically resulting in efficient trading with minimal price impact for standard orders. CGDV, with $38.3 billion in assets, also provides strong liquidity, though it is smaller in scale. For practical trading, investors should look at the bid-ask spread during market hours. While the provided data does not include volume figures, the massive size of VOO generally implies tighter spreads and faster execution.

CGDV vs VOO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in November 2026.

Compare CGDV (Capital Group Dividend Value ETF) and VOO (S&P 500 Vanguard ETF) by examining fees, holdings, dividends, and how each fund tracks its market. Both ETFs share five top-10 holdings: MSFT, NVDA, META, AVGO, and GOOGL. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

CGDV

Metric

VOO

0.33%

Expense Ratio

0.03%

1.17%

Dividend Yield

1.03%

$38.26B

Net Assets

$1.08T

Holdings

516

Feb 22, 2022

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Value

Fund Category

Large Blend

VOO costs about $30.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	CGDV	VOO
MSFTMicrosoft Corporation	7.59%	5.70%
NVDANVIDIA Corporation	6.56%	8.08%
METAMeta Platforms, Inc.	5.06%	1.90%
AVGOBroadcom Inc.	4.60%	2.65%
GOOGLAlphabet Inc.	3.73%	3.01%

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Investment Analysis

CGDV

Pros

Investing in CGDV offers exposure to a $38.3 billion fund, providing significant assets and potential liquidity benefits for investors.
The fund's 1.17% dividend yield is higher than VOO's 1.03%, appealing to those prioritising current income.
It holds top positions in Microsoft and Nvidia, aligning with strong technology sector growth and offering a potential performance advantage.

Considerations

The 0.33% expense ratio is considerably higher than the low-cost alternative of 0.03%, impacting net returns for cost-conscious investors.
As an actively managed fund with an unavailable index, there is no clear benchmark or systematic strategy to assess its performance.
The fund is relatively new, having launched in February 2022, so it lacks a long track record for evaluating its consistency and stability.

VOO

Pros

With $1.08 trillion in net assets, VOO is the largest of the two funds, suggesting very high liquidity and trading efficiency.
Its expense ratio is just 0.03%, significantly lower than CGDV's 0.33%, making it a highly cost-effective core holding.
The fund has a long track record since its 2010 inception, offering over 15 years of performance history for investor assessment.

Considerations

Its 1.03% dividend yield is lower than CGDV's 1.17%, making it less attractive to income-focused investors comparing the two funds.
Despite its size, the specific index tracked is listed as not available, leaving some ambiguity regarding its precise benchmark methodology.
Its top ten holdings overlap significantly with CGDV, particularly in mega-cap tech stocks like NVDA and MSFT, potentially offering little diversification benefit.

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About CGDV and VOO

CGDV (CGDV)

The Capital Group Dividend Value ETF (CGDV) is a large-cap value fund designed to provide investors with exposure to dividend-paying companies. Launched in February 2022, it holds a concentrated portfolio of 59 positions, focusing on established firms with potential for income and value appreciation. The fund carries an expense ratio of 0.33%, which is moderate for an actively managed ETF strategy. With net assets of USD 38.26 billion, it offers substantial liquidity. Investors should note its current dividend yield of 1.17%, which provides modest income compared to high-yield sectors. As with all value strategies, performance can vary significantly depending on market cycles and economic conditions. It is important to remember that capital values can rise as well as fall, and dividends are not guaranteed. This fund suits those looking for a balanced approach to large-cap value investing within an ETF wrapper, but thorough personal research is always recommended before making any investment decisions.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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CGDV vs VOO

Fund Snapshot