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DVY vs. RDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVY vs. RDIV

Last updated Jun 14, 2026

DVY (iShares Select Dividend ETF) and RDIV (Invesco S&P Ultra Dividend Revenue ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index. Both are passively managed. Over the past 10 years, DVY returned 10.49%/yr vs 11.39%/yr for RDIV. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.

Performance

DVY vs. RDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DVY achieves a 13.40% return, which is significantly lower than RDIV's 16.75% return. Over the past 10 years, DVY has underperformed RDIV with an annualized return of 10.49%, while RDIV has yielded a comparatively higher 11.39% annualized return.

DVY

1D
1.18%
1M
4.16%
YTD
13.40%
6M
12.29%
1Y
25.66%
3Y*
15.86%
5Y*
9.31%
10Y*
10.49%

RDIV

1D
1.52%
1M
6.52%
YTD
16.75%
6M
14.41%
1Y
32.09%
3Y*
19.66%
5Y*
11.12%
10Y*
11.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DVY vs. RDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DVY
iShares Select Dividend ETF		13.40%11.60%16.24%1.12%1.80%31.70%-4.91%22.62%-6.36%14.82%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		16.75%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%

Correlation

The correlation between DVY and RDIV is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.90

The correlation between DVY and RDIV has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

DVY vs. RDIV - Sectors Allocation Comparison

Sectors
DVY
RDIV

Financial Services

25.1%
17.8%

Utilities

23.7%
6.2%

Consumer Defensive

13.5%
14.6%

Consumer Cyclical

9.6%
15.0%

Energy

8.8%
17.3%

Communication Services

5.5%
8.8%

Healthcare

5.2%
6.8%

Technology

4.0%
6.2%

Basic Materials

2.1%
0.5%

Industrials

2.0%

-

Real Estate

-

7.3%

Financial Services

DVY
25.1%
RDIV
17.8%

Utilities

DVY
23.7%
RDIV
6.2%

Consumer Defensive

DVY
13.5%
RDIV
14.6%

Consumer Cyclical

DVY
9.6%
RDIV
15.0%

Energy

DVY
8.8%
RDIV
17.3%

Communication Services

DVY
5.5%
RDIV
8.8%

Healthcare

DVY
5.2%
RDIV
6.8%

Technology

DVY
4.0%
RDIV
6.2%

Basic Materials

DVY
2.1%
RDIV
0.5%

Industrials

DVY
2.0%
RDIV

-

Real Estate

DVY

-

RDIV
7.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Select Dividend ETF

Invesco S&P Ultra Dividend Revenue ETF

Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. VYMDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOO
Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. BKERDIV vs. VYMRDIV vs. EQQQ.DERDIV vs. SPY

Return for Risk

DVY vs. RDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DVY
DVY Risk / Return Rank: 7878
Overall Rank
DVY Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 8282
Sortino Ratio Rank
DVY Omega Ratio Rank: 7474
Omega Ratio Rank
DVY Calmar Ratio Rank: 7878
Calmar Ratio Rank
DVY Martin Ratio Rank: 7676
Martin Ratio Rank
RDIV
RDIV Risk / Return Rank: 8787
Overall Rank
RDIV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 8787
Sortino Ratio Rank
RDIV Omega Ratio Rank: 7979
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9494
Calmar Ratio Rank
RDIV Martin Ratio Rank: 9191
Martin Ratio Rank
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.

DVY vs. RDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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.

DVYRDIVDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.31

-0.12

Sortino ratioReturn per unit of downside risk
3.19
3.42

-0.23

Omega ratioGain probability vs. loss probability

1.37

1.40

-0.03

Calmar ratioReturn relative to maximum drawdown

3.54

6.30

-2.75

Martin ratioReturn relative to average drawdown

12.51

18.74

-6.23

DVY vs. RDIV - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.19, which is comparable to the RDIV Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of DVY and RDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DVY vs. RDIV - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than RDIV's maximum drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for DVY and RDIV.

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Drawdown Indicators

DVYRDIVDifference

Max Drawdown

Largest peak-to-trough decline

-62.59%

-49.97%

-12.62%

Max Drawdown (1Y)

Largest decline over 1 year

-6.89%

-4.84%

-2.05%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-17.91%

+1.91%

Max Drawdown (5Y)

Largest decline over 5 years

-17.54%

-24.89%

+7.35%

Max Drawdown (10Y)

Largest decline over 10 years

-41.59%

-49.97%

+8.38%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-8.78%

-5.85%

-2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.64%

+0.31%

Volatility

DVY vs. RDIV - Volatility Comparison

The current volatility for iShares Select Dividend ETF (DVY) is 2.94%, while Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a volatility of 3.52%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DVYRDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

3.52%

-0.58%

Volatility (6M)

Calculated over the trailing 6-month period

7.54%

8.64%

-1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

11.16%

13.19%

-2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.22%

17.55%

-2.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

21.88%

-3.87%

DVY vs. RDIV - Expense Ratio Comparison

Both DVY and RDIV have an expense ratio of 0.39%.

Dividends

DVY vs. RDIV - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.30%, less than RDIV's 3.51% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.30%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.51%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

DVY and RDIV have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (3.52%) compared to DVY (2.94%). In terms of maximum drawdown, DVY dropped -62.59% vs RDIV's -49.97%.

On 10-year performance, RDIV leads with 11.39% vs 10.49% for DVY. Both ETFs have the same 0.39% expense ratio. On volatility, DVY has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RDIV has performed better with a 11.39% return vs 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DVY and RDIV have the same expense ratio: 0.39% per year.

RDIV has the higher dividend yield at 3.51%, compared with 3.30% for DVY.

DVY is categorized as Large Cap Value Equities, while RDIV is Mid Cap Value Equities. DVY tracks Dow Jones U.S. Select Dividend Index, while RDIV tracks S&P 900 Dividend Revenue-Weighted Index. They also come from different issuers: iShares and Invesco.

RDIV currently has the higher Sharpe Ratio (2.31 vs 2.19), 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.

Portfolio Optimizer

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