DIVI vs. SPY
Compare and contrast key facts about Franklin International Core Dividend Tilt Index ETF (DIVI) and SPDR S&P 500 ETF (SPY).
DIVI and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVI is an actively managed fund by Franklin. It was launched on Jun 1, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVI or SPY.
Key characteristics
| DIVI | SPY | |
|---|---|---|
| YTD Return | 5.09% | 27.16% |
| 1Y Return | 16.69% | 37.73% |
| 3Y Return (Ann) | 7.47% | 10.28% |
| 5Y Return (Ann) | 7.63% | 15.97% |
| Sharpe Ratio | 1.34 | 3.25 |
| Sortino Ratio | 1.89 | 4.32 |
| Omega Ratio | 1.23 | 1.61 |
| Calmar Ratio | 2.25 | 4.74 |
| Martin Ratio | 7.01 | 21.51 |
| Ulcer Index | 2.48% | 1.85% |
| Daily Std Dev | 12.99% | 12.20% |
| Max Drawdown | -27.76% | -55.19% |
| Current Drawdown | -6.83% | 0.00% |
Correlation
The correlation between DIVI and SPY is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DIVI vs. SPY - Performance Comparison
In the year-to-date period, DIVI achieves a 5.09% return, which is significantly lower than SPY's 27.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIVI vs. SPY - Expense Ratio Comparison
Both DIVI and SPY have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
DIVI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DIVI vs. SPY - Dividend Comparison
DIVI's dividend yield for the trailing twelve months is around 4.40%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVI Franklin International Core Dividend Tilt Index ETF | 4.40% | 3.17% | 5.43% | 2.77% | 5.87% | 1.61% | 5.67% | 5.71% | 13.51% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DIVI vs. SPY - Drawdown Comparison
The maximum DIVI drawdown since its inception was -27.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DIVI and SPY. For additional features, visit the drawdowns tool.
Volatility
DIVI vs. SPY - Volatility Comparison
Franklin International Core Dividend Tilt Index ETF (DIVI) and SPDR S&P 500 ETF (SPY) have volatilities of 3.98% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.