CGDV vs DIVE

CGDVACapital Group Dividend Value ETF

DIVEDDana Concentrated Dividend ETF

In short

CGDV A stock picker's dividend fund at near-index pricing: 0.33% a year, roughly 60 names, and a mandate for above-average yield plus growth. Live since 2022 and already grown into a multi-billion-dollar fund.

DIVE Most dividend funds spread their bets over hundreds of names. DIVE goes the other way: an actively picked book of roughly 25 to 35 dividend payers, chasing growth and income at once. It launched in September 2025, so the track record starts here.

Stated mandate

CGDV The fund seeks income above the average yield of U.S. stocks while also offering capital-growth potential.

DIVE The Fund seeks long-term capital appreciation and income through an actively managed portfolio of approximately 25 to 35 primarily dividend-paying equity securities.

Why people hold it

• CGDV Costs 0.33% a year while the typical fund in its active dividend peer group charges around 0.55%. Active stock picking, index-fund pricing.
• Dual mandate: income above the average yield of U.S. stocks plus capital-growth potential. Not a pure yield chase.capitalgroup.com
• Tens of billions in assets and heavy daily trading make it one of the easier funds in its peer group to get in and out of at a fair spread.
• Delivers its stated mandate with unusual consistency for an active fund, placing it among the strongest implementations in its dividend-income peer group.

• DIVE Real concentration, by design: the prospectus targets roughly 25 to 35 primarily dividend-paying stocks, so a single good pick still moves the needle.
• The mandate is two-sided, long-term capital appreciation plus income, not a yield chase with the growth engine bolted shut.
• The manager can shop outside the US as well as at home, so a dividend payer in Europe or Asia is fair game.
• Simple plumbing: a standard 1940 Act ETF holding stocks. No derivatives overlay, no K-1 at tax time.

Worth knowing

• CGDV About 60 holdings. That concentration means individual company stumbles land harder than in a fund holding hundreds of names.
• Active and benchmark-agnostic: results track the managers' calls, not an index, so it can drift well away from the broad market in either direction.
• Pays quarterly, not monthly. Worth knowing if you're building an income schedule.

• DIVE At 0.65%, the fee sits above the 0.55% median for active dividend funds and well above cheaper rivals like CGDV (0.33%) and HIDV (0.35%).
• A 2025 launch with no multi-year record, and on the measures we track it currently sits in the lower reaches of a crowded peer group.
• Small asset base and thin trading, which usually means wider bid-ask spreads than the category's household names.

Full CGDV profile⁠

Full DIVE profile⁠