DVY vs. SPYD
Compare and contrast key facts about iShares Select Dividend ETF (DVY) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
DVY and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both DVY and SPYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVY or SPYD.
Key characteristics
| DVY | SPYD | |
|---|---|---|
| YTD Return | -6.66% | -7.50% |
| 1Y Return | -11.21% | -14.74% |
| 5Y Return (Ann) | 6.45% | 4.50% |
| 10Y Return (Ann) | 9.30% | 7.15% |
| Sharpe Ratio | -0.57 | -0.71 |
| Daily Std Dev | 18.81% | 20.59% |
| Max Drawdown | -62.59% | -46.42% |
Correlation
The correlation between DVY and SPYD is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DVY vs. SPYD - Performance Comparison
In the year-to-date period, DVY achieves a -6.66% return, which is significantly lower than SPYD's -7.50% return. Over the past 10 years, DVY has outperformed SPYD with an annualized return of 9.30%, while SPYD has yielded a comparatively lower 7.15% annualized 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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DVY vs. SPYD - Dividend Comparison
DVY's dividend yield for the trailing twelve months is around 4.61%, less than SPYD's 6.54% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 4.61% | 3.46% | 3.26% | 3.95% | 3.84% | 4.18% | 3.62% | 3.79% | 4.43% | 4.03% | 4.21% | 5.26% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 6.54% | 5.06% | 3.91% | 5.47% | 5.17% | 5.81% | 5.92% | 5.82% | 1.59% | 0.00% | 0.00% | 0.00% |
DVY vs. SPYD - Expense Ratio Comparison
DVY vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | -0.57 | ||||
SPYD SPDR Portfolio S&P 500 High Dividend ETF | -0.71 |
DVY vs. SPYD - Drawdown Comparison
The maximum DVY drawdown for the period was -14.87%, roughly equal to the maximum SPYD drawdown of -19.22%. The drawdown chart below compares losses from any high point along the way for DVY and SPYD
DVY vs. SPYD - Volatility Comparison
The current volatility for iShares Select Dividend ETF (DVY) is 4.63%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 5.39%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.