DIVE vs. SPYD
DIVE (Dana Concentrated Dividend ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - DIVE is a Dividend fund actively managed by Dana, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. DIVE is actively managed, while SPYD is passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. DIVE charges 0.65%/yr vs 0.07%/yr for SPYD.
Performance
DIVE vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, DIVE achieves a 7.12% return, which is significantly lower than SPYD's 16.95% return.
DIVE
- 1D
- 0.86%
- 1M
- 2.57%
- 6M
- 3.06%
- YTD
- 7.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPYD
- 1D
- -0.48%
- 1M
- 2.23%
- 6M
- 11.71%
- YTD
- 16.95%
- 1Y
- 22.08%
- 3Y*
- 13.78%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.87K | $56.54K | $55.53K | |
| $48.08M | $45.65M | $55.32M |
DIVE vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVE Dana Concentrated Dividend ETF | 7.12% | 1.94% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 16.95% | -0.02% |
Correlation
The correlation between DIVE and SPYD is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025 | 0.72 |
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Return for Risk
DIVE vs. SPYD — Risk / Return Rank
DIVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYD
DIVE vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dana Concentrated Dividend ETF (DIVE) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
| DIVE | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.01 | — |
| Martin ratioReturn relative to average drawdown | — | 8.94 | — |
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Drawdowns
DIVE vs. SPYD - Drawdown Comparison
The maximum DIVE drawdown since its inception was -11.45%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for DIVE and SPYD.
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Drawdown Indicators
| DIVE | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.45% | -46.42% | +34.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.06% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -6.09% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.37% | — |
Volatility
DIVE vs. SPYD - Volatility Comparison
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Volatility by Period
| DIVE | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 11.94% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 15.98% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 19.77% | -6.78% |
DIVE vs. SPYD - Expense Ratio Comparison
DIVE has a 0.65% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Dividends
DIVE vs. SPYD - Dividend Comparison
DIVE's dividend yield for the trailing twelve months is around 1.05%, less than SPYD's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVE Dana Concentrated Dividend ETF | 1.05% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.10% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
DIVE and SPYD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.65% for DIVE.
SPYD has the higher dividend yield at 4.10%, compared with 1.05% for DIVE.
DIVE is categorized as Dividend, while SPYD is S&P 500. They also come from different issuers: Dana and State Street. Their fees differ too: 0.65% for DIVE and 0.07% for SPYD.
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