AZTD vs. WDIV

Last updated Jun 26, 2026

AZTD (Aztlan Global Stock Selection Dm SMID ETF) and WDIV (SPDR S&P Global Dividend ETF) are both Global Equities funds - AZTD tracks the Solactive Aztlan Global Developed Markets SMID Cap Index - Benchmark TR Gross while WDIV tracks the S&P Global Dividend Aristocrats Index sp_43. Both are passively managed. Over the past 3 years, AZTD returned 17.36%/yr vs 17.61%/yr for WDIV. A 0.73 correlation means they provide meaningful diversification when combined. AZTD charges 0.75%/yr vs 0.40%/yr for WDIV.

Performance

AZTD vs. WDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aztlan Global Stock Selection Dm SMID ETF (AZTD) and SPDR S&P Global Dividend ETF (WDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AZTD achieves a 14.72% return, which is significantly higher than WDIV's 8.56% return.

AZTD

• 1D: 0.95%
• 1M: 1.30%
• YTD: 14.72%
• 6M: 12.64%
• 1Y: 24.63%
• 3Y*: 17.36%
• 5Y*: —
• 10Y*: —

WDIV

• 1D: 0.74%
• 1M: -0.61%
• YTD: 8.56%
• 6M: 8.14%
• 1Y: 19.88%
• 3Y*: 17.61%
• 5Y*: 7.94%
• 10Y*: 8.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AZTD vs. WDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AZTD Aztlan Global Stock Selection Dm SMID ETF	14.72%	25.46%	6.87%	10.34%	-1.79%
WDIV SPDR S&P Global Dividend ETF	8.56%	27.16%	7.61%	8.21%	-4.22%

Correlation

The correlation between AZTD and WDIV is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022	0.73

The correlation between AZTD and WDIV has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

AZTD vs. WDIV - Sectors Allocation Comparison

Sectors	AZTD	WDIV
Consumer Cyclical	21.1%	3.9%
Technology	20.7%	2.4%
Industrials	17.9%	6.0%
Financial Services	14.6%	19.1%
Healthcare	8.8%	2.2%
Energy	5.8%	7.4%
Consumer Defensive	4.0%	4.6%
Communication Services	3.9%	5.1%
Basic Materials	3.6%	4.5%
Utilities	3.6%	7.5%
Real Estate	-	8.2%

Return for Risk

AZTD vs. WDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AZTD

AZTD Risk / Return Rank: 45
AZTD Sharpe Ratio Rank: 44
AZTD Sortino Ratio Rank: 44
AZTD Omega Ratio Rank: 41
AZTD Calmar Ratio Rank: 50
AZTD Martin Ratio Rank: 47

WDIV

WDIV Risk / Return Rank: 64
WDIV Sharpe Ratio Rank: 70
WDIV Sortino Ratio Rank: 72
WDIV Omega Ratio Rank: 68
WDIV Calmar Ratio Rank: 54
WDIV Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AZTD vs. WDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aztlan Global Stock Selection Dm SMID ETF (AZTD) and SPDR S&P Global Dividend ETF (WDIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AZTD	WDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.95	-0.55
Sortino ratio: Return per unit of downside risk	2.03	2.81	-0.78
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	2.21	2.32	-0.11
Martin ratio: Return relative to average drawdown	7.18	8.49	-1.31

AZTD vs. WDIV - Sharpe Ratio Comparison

The current AZTD Sharpe Ratio is 1.40, which is comparable to the WDIV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of AZTD and WDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AZTD vs. WDIV - Drawdown Comparison

The maximum AZTD drawdown since its inception was -16.75%, smaller than the maximum WDIV drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for AZTD and WDIV.

Drawdown Indicators

	AZTD	WDIV	Difference
Max Drawdown Largest peak-to-trough decline	-16.75%	-42.34%	+25.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.19%	-8.61%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	-16.75%	-11.26%	-5.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.34%	—
Current Drawdown Current decline from peak	-1.20%	-1.33%	+0.13%
Average Drawdown Average peak-to-trough decline	-3.86%	-5.83%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.35%	+1.09%

Volatility

AZTD vs. WDIV - Volatility Comparison

Aztlan Global Stock Selection Dm SMID ETF (AZTD) has a higher volatility of 4.77% compared to SPDR S&P Global Dividend ETF (WDIV) at 3.09%. This indicates that AZTD's price experiences larger fluctuations and is considered to be riskier than WDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AZTD	WDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	3.09%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	8.34%	+5.12%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	10.25%	+7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	12.78%	+5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	15.23%	+3.32%

AZTD vs. WDIV - Expense Ratio Comparison

AZTD has a 0.75% expense ratio, which is higher than WDIV's 0.40% expense ratio.

Dividends

AZTD vs. WDIV - Dividend Comparison

AZTD's dividend yield for the trailing twelve months is around 0.92%, less than WDIV's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZTD Aztlan Global Stock Selection Dm SMID ETF	0.92%	1.05%	1.87%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WDIV SPDR S&P Global Dividend ETF	4.27%	4.27%	4.63%	4.73%	5.12%	4.15%	5.55%	3.99%	4.42%	3.62%	4.32%	5.03%

Frequently Asked Questions

Can I hold both AZTD and WDIV in my portfolio?

AZTD and WDIV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AZTD or WDIV?

AZTD has higher volatility (4.77%) compared to WDIV (3.09%). In terms of maximum drawdown, AZTD dropped -16.75% vs WDIV's -42.34%.

Which ETF is better, AZTD or WDIV?

On 3-year performance, WDIV leads with 17.61% vs 17.36% for AZTD. On fees, WDIV is cheaper at 0.40% per year. On volatility, WDIV has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AZTD or WDIV?

Over the 3-year period, WDIV has performed better with a 17.61% return vs 17.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AZTD or WDIV?

WDIV is cheaper with a 0.40% expense ratio, compared with 0.75% for AZTD.

Which ETF pays a higher dividend yield, AZTD or WDIV?

WDIV has the higher dividend yield at 4.27%, compared with 0.92% for AZTD.

What is the main difference between AZTD and WDIV?

AZTD tracks Solactive Aztlan Global Developed Markets SMID Cap Index - Benchmark TR Gross, while WDIV tracks S&P Global Dividend Aristocrats Index sp_43. They also come from different issuers: Aztlan and State Street. Their fees differ too: 0.75% for AZTD and 0.40% for WDIV.

Which has better risk-adjusted returns?

WDIV currently has the higher Sharpe Ratio (1.95 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.