CGCV vs HAWG: Grades, Fees and Holdings Compared

Capital Group Conservative Equity ETF

CGCVANYSE Arca

HCM Hedged Equity ETF

HAWG—NYSE Arca

Overlap

30.5%by weight

Expense ratio

CGCV −1.02pt a year

CGCV0.33%HAWG1.35%

Avg volume · 30D

CGCV 4.4×the volume

CGCV297KHAWG67.9K

CGCV vs HAWG Performance

Sep 30, 2026 – Oct 30, 2026

+4.6%CGCV−2.2%HAWG

Expense ratio: CGCV 0.33%, better; HAWG 1.35%
Fund size: CGCV $2.24B; HAWG $99M
1Y total return: CGCV +13.6%; HAWG No data
Yield (12M): CGCV 1.54%; HAWG No data
Holdings: CGCV 76; HAWG 488
Avg volume (30D): CGCV 297K sh, better; HAWG 67.9K sh
NAV per share: CGCV $33.52; HAWG $29.68
52W range

ETF.net Grade

—HAWGNot yet graded

Pillar letters and Scores for CGCV, HAWG, with each pillar’s weight
Pillar	CGCV	HAWG
Cost30% weight	A76	Not scored
Mission25% weight	Not scored	Not scored
Risk15% weight	B65	Not scored
Tradability15% weight	A71	Not scored
Holdings10% weight	B67	Not scored
Durability5% weight	A81	Not scored

Rank among US Active Low Volatility funds

How we build Categories ›

US Active Low Volatility⁠

Category · 10 funds

See all 10 ›

CGCV ranks 2nd of 10 funds in the US Active Low Volatility Category.

Rank 1ASELVSEI QiM US Large Cap Low Volatility Active ETFScore 77
Rank 2ACGCVCapital Group Conservative Equity ETFScore 71
Rank 3ATOAKTwin Oak Short Horizon Absolute Return ETFScore 70
HAWGNot yet graded

Our read on each fund

ETF.net Research

CGCVACapital Group Conservative Equity ETF

HAWG—HCM Hedged Equity ETF

In short

CGCV Capital Group's stock pickers took on a three-part job in one equity fund: current income, capital growth, and preservation of principal. Roughly 100 US names, actively chosen, priced under most defensive-equity rivals.

HAWG No data

Stated mandate

CGCV The fund seeks to balance current income, capital growth, and preservation of principal.

HAWG No data

Why people hold it

CGCV Charges 0.33% a year against a 0.47% median for its defensive US equity group, which is unusual for an actively run fund rather than an index tracker.
The mandate is spelled out in the prospectus, not implied by a label: balance current income, capital growth, and preservation of principal.
About 100 US stocks, picked by managers rather than pulled from an index, with cash paid out quarterly.
Already a multi-billion-dollar fund that trades smoothly for its age, and one of the stronger builds in a small low-volatility peer group.

HAWG No data

Worth knowing

CGCV Preservation of principal is a stated goal, not a floor. This is a stock fund, and it can fall when the market does.
It launched in 2024, so there is only a short stretch of live data behind any read on how it handles rough markets.
Cheaper defensive shelf-mates exist: SELV runs at 0.15% and TOAK at 0.25%, though both take different routes to lower volatility.

HAWG No data

Full CGCV profile⁠

Full HAWG profile⁠

CGCV vs HAWG Holdings

How CGCV and HAWG differ

Overlap by weight

30.5%

Shared holdings make up 87.6% of CGCV and 51.3% of HAWG.

Level by level

Asset classEquity, Alternatives0.0%
Holdings61 in both30.5%
Countryby domicile94.7%

Sector

No Sector split for HAWG.

Country, concentration and asset class

Country by domicile

Country weights in CGCV and HAWG, widest gap first
Country	More in CGCVMore in HAWG	CGCV	HAWG
United States	HAWG +3.8 points	94.0%	97.8%
Taiwan	CGCV +1.9 points	1.9%	0.0%
United Kingdom	CGCV +1.5 points	2.1%	0.6%
Canada	CGCV +1.1 points	1.1%	0.0%
Switzerland	CGCV +0.7 points	0.9%	0.2%
Ireland	HAWG +0.7 points	0.0%	0.7%
Other countries (5)	HAWG +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

CGCV32.6%
HAWG52.1%

Securities held

CGCV72
HAWG488

Asset class

CGCV: Equity
HAWG: Alternatives

Holdings

Only in CGCV11
In both61
Only in HAWG427

Only in CGCV

11 securities, 10.5% of CGCV by weight

Taiwan Semiconductor Sp Adr Adr1.84%
Linde PLC Common Stock1.51%
British American Tob Sp Adr Adr1.39%
Tc Energy Corp Common Stock1.07%
Chubb Ltd Common Stock0.91%
Stanley Black & Decker Inc Common Stock USD2.50.78%
Rolls Royce Holdings Sp Adr Adr0.72%
Accenture PLC Class A Common Stock USD.00002250.69%
Tractor Supply Company Common Stock USD.0080.60%
Royal Caribbean Cruises Ltd Common Stock USD.010.52%
Watsco Inc Common Stock USD.50.51%

Only in HAWG

427 securities, 48.7% of HAWG by weight

HCM Hedged Equity ETF4.96%
HCM Hedged Equity ETF3.04%
HCM Hedged Equity ETF2.84%
HCM Hedged Equity ETF2.61%
HCM Hedged Equity ETF2.15%
HCM Hedged Equity ETF1.77%
HCM Hedged Equity ETF1.15%
HCM Hedged Equity ETF0.96%
HCM Hedged Equity ETF0.84%
HCM Hedged Equity ETF0.64%
HCM Hedged Equity ETF0.64%
HCM Hedged Equity ETF0.61%
HCM Hedged Equity ETF0.58%
HCM Hedged Equity ETF0.56%
HCM Hedged Equity ETF0.54%
HCM Hedged Equity ETF0.52%
HCM Hedged Equity ETF0.50%
HCM Hedged Equity ETF0.42%
HCM Hedged Equity ETF0.40%
HCM Hedged Equity ETF0.39%
HCM Hedged Equity ETF0.38%
HCM Hedged Equity ETF0.37%
HCM Hedged Equity ETF0.33%
HCM Hedged Equity ETF0.32%
HCM Hedged Equity ETF0.30%
HCM Hedged Equity ETF0.30%
HCM Hedged Equity ETF0.27%
HCM Hedged Equity ETF0.27%
HCM Hedged Equity ETF0.25%
HCM Hedged Equity ETF0.23%
HCM Hedged Equity ETF0.22%
HCM Hedged Equity ETF0.21%
HCM Hedged Equity ETF0.21%
HCM Hedged Equity ETF0.20%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.17%
HCM Hedged Equity ETF0.17%
HCM Hedged Equity ETF0.16%
HCM Hedged Equity ETF0.16%
HCM Hedged Equity ETF0.16%
HCM Hedged Equity ETF0.16%
HCM Hedged Equity ETF0.16%
HCM Hedged Equity ETF0.15%

Weight gaps

All 61 Holdings in both funds, largest gap first.

Holding weights in CGCV and HAWG, widest gap first
Holding	More in CGCVMore in HAWG	CGCV	HAWG
NVIDIA Corp Common Stock USD.001NVDA	HAWG +8.31 points	1.91%	10.22%
Apple Inc Common Stock USD.00001AAPL	HAWG +7.69 points	2.88%	10.57%
Philip Morris International Common StockPM	CGCV +3.39 points	3.63%	0.24%
AbbVie Inc Common Stock USD.01ABBV	CGCV +2.51 points	2.91%	0.40%
Eli Lilly & Co Common StockLLY	CGCV +2.42 points	3.28%	0.86%
Starbucks Corp Common Stock USD.001SBUX	CGCV +2.39 points	2.64%	0.25%
Microsoft Corp Common Stock USD.00000625MSFT	HAWG +2.13 points	6.07%	8.20%
Alphabet Inc Class A Common Stock USD.001GOOGL	HAWG +2.00 points	1.51%	3.51%
Cisco Systems Inc Common Stock USD.001CSCO	CGCV +1.93 points	2.82%	0.89%
Mondelez International Inc A Common StockMDLZ	CGCV +1.88 points	2.06%	0.18%
Centerpoint Energy Inc Common Stock USD.01CNP	CGCV +1.76 points	1.78%	0.02%
JPMorgan Chase & Co Common Stock USD1.0JPM	CGCV +1.69 points	2.37%	0.68%
General Electric Common Stock USD.01GE	CGCV +1.63 points	1.87%	0.24%
Rtx Corp Common Stock USD1.0RTX	CGCV +1.59 points	1.79%	0.20%
Home Depot Inc Common Stock USD.05HD	CGCV +1.55 points	1.79%	0.24%
Coca Cola Co/The Common Stock USD.25KO	CGCV +1.49 points	1.76%	0.27%
Carrier Global Corp Common Stock USD.01CARR	CGCV +1.48 points	1.51%	0.03%
Exxonmobil Holdings Corp Common StockXOM	CGCV +1.47 points	2.05%	0.58%
Union Pacific Corp Common Stock USD2.5UNP	CGCV +1.47 points	1.61%	0.14%
Dominion Energy Inc Common StockD	CGCV +1.37 points	1.41%	0.04%
Altria Group Inc Common Stock USD.333MO	CGCV +1.28 points	1.38%	0.10%
Progressive Corp Common Stock USD1.0PGR	CGCV +1.23 points	1.32%	0.09%
Pnc Financial Services Group Common Stock USD5.0PNC	CGCV +1.18 points	1.24%	0.06%
Wells Fargo & Co Common Stock USD1.666WFC	CGCV +1.13 points	1.32%	0.19%
McDonald’s Corp Common Stock USD.01MCD	CGCV +1.11 points	1.25%	0.14%
Air Products & Chemicals Inc Common Stock USD1.0APD	CGCV +1.08 points	1.12%	0.04%
Corning Inc Common Stock USD.5GLW	CGCV +1.02 points	1.09%	0.07%
Automatic Data Processing Common Stock USD.1ADP	CGCV +0.96 points	1.22%	0.26%
International Paper Co Common Stock USD1.0IP	CGCV +0.95 points	0.96%	0.01%
Dte Energy Company Common StockDTE	CGCV +0.94 points	0.96%	0.02%
BlackRock Inc Common Stock USD.01BLK	CGCV +0.94 points	1.09%	0.15%
Danaher Corp Common Stock USD.01DHR	CGCV +0.89 points	1.00%	0.11%
Welltower Inc Reit USD1.0WELL	CGCV +0.87 points	1.00%	0.13%
Cvs Health Corp Common Stock USD.01CVS	CGCV +0.84 points	0.93%	0.09%
Abbott Laboratories Common StockABT	CGCV +0.82 points	0.96%	0.14%
Public Service Enterprise Gp Common StockPEG	CGCV +0.81 points	0.84%	0.03%
Truist Financial Corp Common Stock USD5.0TFC	CGCV +0.74 points	0.79%	0.05%
Johnson & Johnson Common Stock USD1.0JNJ	CGCV +0.71 points	1.21%	0.50%
Amphenol Corp Class A Common Stock USD.001APH	CGCV +0.70 points	0.84%	0.14%
Procter & Gamble Co/The Common StockPG	CGCV +0.70 points	0.98%	0.28%
Meta Platforms Inc Class A Common Stock USD.000006META	HAWG +0.69 points	2.21%	2.90%
UnitedHealth Group Inc Common Stock USD.01UNH	CGCV +0.66 points	0.93%	0.27%
Marsh & Mclennan Cos Common StockMRSH	CGCV +0.63 points	0.70%	0.07%
Eog Resources Inc Common Stock USD.01EOG	CGCV +0.58 points	0.65%	0.07%
Mastercard Inc A Common Stock USD.0001MA	CGCV +0.58 points	0.97%	0.39%
Constellation Energy Common StockCEG	CGCV +0.54 points	0.73%	0.19%
Nextera Energy Inc Common Stock USD.01NEE	CGCV +0.53 points	0.66%	0.13%
Thermo Fisher Scientific Inc Common Stock USD1.0TMO	CGCV +0.53 points	0.72%	0.19%
Broadcom Inc Common StockAVGO	CGCV +0.50 points	3.75%	3.25%
Prologis Inc Reit USD.01PLD	CGCV +0.47 points	0.56%	0.09%
Conocophillips Common Stock USD.01COP	CGCV +0.44 points	0.59%	0.15%
Gilead Sciences Inc Common Stock USD.001GILD	CGCV +0.43 points	0.88%	0.45%
Baker Hughes Co Common Stock USD.0001BKR	CGCV +0.42 points	0.54%	0.12%
Applied Materials Inc Common Stock USD.01AMAT	CGCV +0.42 points	1.08%	0.66%
Fidelity National Info Serv Common Stock USD.01FIS	CGCV +0.39 points	0.41%	0.02%
Morgan Stanley Common Stock USD.01MS	CGCV +0.36 points	0.52%	0.16%
Honeywell International Inc Common StockHON	CGCV +0.31 points	0.46%	0.15%
Oracle Corp Common Stock USD.01ORCL	CGCV +0.15 points	0.32%	0.17%
Texas Instruments Inc Common Stock USD1.0TXN	CGCV +0.14 points	0.73%	0.59%
Amgen Inc Common Stock USD.0001AMGN	CGCV +0.09 points	0.62%	0.53%
Kla Corp Common Stock USD.001KLAC	HAWG +0.02 points	0.43%	0.45%

All 95 CGCV holdings⁠All HAWG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGCV vs HAWG Cost

Overpaying HAWG vs CGCV

$17,376

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CGCV 0.33%
$6,737
HAWG 1.35%
$24,113

Amount$10,000

Years30 years

Cost over time

CGCV 0.33%
HAWG 1.35%
Overpaying

Year by year

Year	CGCV	HAWG	Overpaying
10	$598	$2,346	$1,748
20	$2,318	$8,678	$6,360
30	$6,737	$24,113	$17,376

Expense ratio

0.33%CGCV, cheaper
1.35%HAWG

CGCV0.33%HAWG1.35%

0.15%1.35%

Middle half of US Active Low Volatility funds
Median 0.47%

CGCV 3rd cheapest of 10 funds

HAWG 10th cheapest of 10 funds

CGCV vs HAWG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CGCV 1.54%; HAWG No data
Payout (12M): CGCV $0.52; HAWG None
Last payment: CGCV $0.13; HAWG No data
Ex-dividend: CGCV Sep 30, 2026; HAWG No data
Paid on: CGCV Oct 1, 2026; HAWG No data
Frequency: CGCV Quarterly; HAWG No data

Distribution history

Per share, 2024 to 2026, same scale for both

CGCVQuarterly · 9 paymentsAll CGCV payments⁠

HAWGAll HAWG payments⁠

No distribution history available.

CGCV vs HAWG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CGCV 10.1%since Jul 2024HAWG No data
Return per unit of riskSharpe ratio, 3 years: CGCV 1.06since Jul 2024HAWG No data
Worst fallMax drawdown, 5 years: CGCV −13.1%since Jun 2024HAWG No data
Market sensitivityBeta, 5 years: CGCV 0.67HAWG 0.00; Market = 1

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