CGDV vs DIVP

CGDVACapital Group Dividend Value ETF

DIVPCCullen Enhanced Equity Income 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.

DIVP An actively run US dividend fund that shops both sides of the aisle, value and growth, measures itself against the S&P 500, and pays monthly rather than quarterly. Launched in 2024 and priced right at the category median.

Stated mandate

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

DIVP The Fund seeks long-term capital appreciation together with current income.

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.

• DIVP Income arrives monthly, twelve checks a year instead of the usual four.
• The 0.55% expense ratio sits exactly at the median for active US dividend-income ETFs, so the stock picking carries no premium over the typical peer.
• The portfolio matches the mandate on the tin: US equities screened on value and growth, benchmarked to the S&P 500. Very little daylight between the pitch and the holdings.
• Stands in the upper half of a crowded field of active dividend-income ETFs, a solid showing for a fund this new.

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.

• DIVP Launched in 2024 and still a small fund, so the track record is short and there is less scale behind it than the category's established names.
• Shares change hands lightly, which can mean wider bid/ask spreads than the heavily traded funds in the group.
• Cheaper active competition exists in the same cohort: CGDV runs 0.33% and HIDV 0.35% against 0.55% here.

Full CGDV profile⁠

Full DIVP profile⁠