DVY vs. SDOG

Last updated Jun 14, 2026

DVY (iShares Select Dividend ETF) and SDOG (ALPS Sector Dividend Dogs ETF) are both Large Cap Value Equities funds - DVY tracks the Dow Jones U.S. Select Dividend Index while SDOG tracks the S-Network Sector Dividend Dogs Index. Both are passively managed. Over the past 10 years, DVY returned 10.49%/yr vs 9.99%/yr for SDOG. Their correlation of 0.93 suggests significant overlap in exposure. DVY charges 0.39%/yr vs 0.36%/yr for SDOG.

Performance

DVY vs. SDOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) and ALPS Sector Dividend Dogs ETF (SDOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVY achieves a 13.40% return, which is significantly lower than SDOG's 17.13% return. Both investments have delivered pretty close results over the past 10 years, with DVY having a 10.49% annualized return and SDOG not far behind at 9.99%.

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%

SDOG

• 1D: 1.26%
• 1M: 5.43%
• YTD: 17.13%
• 6M: 16.28%
• 1Y: 27.16%
• 3Y*: 16.38%
• 5Y*: 9.08%
• 10Y*: 9.99%

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

DVY vs. SDOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SDOG ALPS Sector Dividend Dogs ETF	17.13%	11.12%	14.70%	4.19%	-0.20%	24.59%	-0.35%	24.02%	-11.43%	12.65%

Correlation

The correlation between DVY and SDOG is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012	0.93

The correlation between DVY and SDOG has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

DVY vs. SDOG - Sectors Allocation Comparison

Sectors	DVY	SDOG
Financial Services	25.1%	10.6%
Utilities	23.7%	9.2%
Consumer Defensive	13.5%	9.5%
Consumer Cyclical	9.6%	16.3%
Energy	8.8%	9.1%
Communication Services	5.5%	8.4%
Healthcare	5.2%	9.8%
Technology	4.0%	16.2%
Basic Materials	2.1%	3.5%
Industrials	2.0%	7.5%
Real Estate	-	-

Return for Risk

DVY vs. SDOG — Risk / Return Rank

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

DVY

DVY Risk / Return Rank: 78
DVY Sharpe Ratio Rank: 79
DVY Sortino Ratio Rank: 82
DVY Omega Ratio Rank: 74
DVY Calmar Ratio Rank: 78
DVY Martin Ratio Rank: 76

SDOG

SDOG Risk / Return Rank: 83
SDOG Sharpe Ratio Rank: 83
SDOG Sortino Ratio Rank: 87
SDOG Omega Ratio Rank: 78
SDOG Calmar Ratio Rank: 86
SDOG Martin Ratio Rank: 80

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. SDOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and ALPS Sector Dividend Dogs ETF (SDOG). 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.

	DVY	SDOG	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.30	-0.11
Sortino ratio: Return per unit of downside risk	3.19	3.45	-0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	3.54	4.25	-0.70
Martin ratio: Return relative to average drawdown	12.51	13.63	-1.12

DVY vs. SDOG - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.19, which is comparable to the SDOG Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of DVY and SDOG, 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

DVY vs. SDOG - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than SDOG's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for DVY and SDOG.

Drawdown Indicators

	DVY	SDOG	Difference
Max Drawdown Largest peak-to-trough decline	-62.59%	-43.56%	-19.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-6.24%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-16.00%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	-19.84%	+2.30%
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	-43.56%	+1.97%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.78%	-4.91%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.94%	+0.01%

Volatility

DVY vs. SDOG - Volatility Comparison

The current volatility for iShares Select Dividend ETF (DVY) is 2.94%, while ALPS Sector Dividend Dogs ETF (SDOG) has a volatility of 3.34%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than SDOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVY	SDOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	3.34%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	7.54%	8.02%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	11.52%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	15.44%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	19.06%	-1.05%

DVY vs. SDOG - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than SDOG's 0.36% expense ratio.

Dividends

DVY vs. SDOG - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.30%, more than SDOG's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SDOG ALPS Sector Dividend Dogs ETF	3.26%	3.68%	3.86%	4.29%	3.87%	3.62%	3.63%	3.37%	4.03%	3.27%	3.32%	3.61%

Frequently Asked Questions

Can I hold both DVY and SDOG in my portfolio?

With a correlation of 0.91, DVY and SDOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DVY or SDOG?

SDOG has higher volatility (3.34%) compared to DVY (2.94%). In terms of maximum drawdown, DVY dropped -62.59% vs SDOG's -43.56%.

Which ETF is better, DVY or SDOG?

On 10-year performance, DVY leads with 10.49% vs 9.99% for SDOG. On fees, SDOG is cheaper at 0.36% per year. 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.

Which ETF has performed better, DVY or SDOG?

Over the 10-year period, DVY has performed better with a 10.49% return vs 9.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVY or SDOG?

SDOG is cheaper with a 0.36% expense ratio, compared with 0.39% for DVY.

Which ETF pays a higher dividend yield, DVY or SDOG?

DVY has the higher dividend yield at 3.30%, compared with 3.26% for SDOG.

What is the main difference between DVY and SDOG?

DVY tracks Dow Jones U.S. Select Dividend Index, while SDOG tracks S-Network Sector Dividend Dogs Index. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.39% for DVY and 0.36% for SDOG.

Which has better risk-adjusted returns?

SDOG currently has the higher Sharpe Ratio (2.30 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.