EDIV vs. SPYD

Last updated Aug 4, 2026

EDIV (SPDR S&P Emerging Markets Dividend ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 10 years, EDIV returned 7.99%/yr vs 8.80%/yr for SPYD. Their 0.49 correlation means their historical movements had little consistent relationship. EDIV charges 0.49%/yr vs 0.07%/yr for SPYD.

Performance

EDIV vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Dividend ETF (EDIV) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDIV achieves a 8.38% return, which is significantly lower than SPYD's 17.73% return. Over the past 10 years, EDIV has underperformed SPYD with an annualized return of 7.99%, while SPYD has yielded a comparatively higher 8.80% annualized return.

EDIV

• 1D: 0.41%
• 1M: 0.90%
• 6M: 2.64%
• YTD: 8.38%
• 1Y: 14.16%
• 3Y*: 16.55%
• 5Y*: 12.01%
• 10Y*: 7.99%
• ALL TIME*: 3.16%

SPYD

• 1D: 0.67%
• 1M: 2.91%
• 6M: 12.53%
• YTD: 17.73%
• 1Y: 22.89%
• 3Y*: 14.57%
• 5Y*: 9.67%
• 10Y*: 8.80%
• ALL TIME*: 9.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EDIV SPDR S&P Emerging Markets Dividend ETF	$4.69M	$5.05M	$5.54M
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	$49.71M	$46.69M	$54.64M

EDIV vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDIV SPDR S&P Emerging Markets Dividend ETF	8.38%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	17.73%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	12.67%

Correlation

The correlation between EDIV and SPYD is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (10Y) Provides a long-term view across more market conditions.	0.46
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015	0.49

The correlation between EDIV and SPYD shifts across timeframes, from 0.30 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

EDIV vs. SPYD - Sectors Allocation Comparison

Sectors	EDIV	SPYD
Financial Services	17.3%	12.6%
Consumer Defensive	9.3%	14.6%
Consumer Cyclical	7.8%	6.4%
Technology	6.4%	2.7%
Industrials	6.2%	2.5%
Communication Services	5.1%	4.6%
Energy	4.0%	8.9%
Real Estate	1.8%	26.5%
Utilities	1.8%	11.6%
Basic Materials	0.8%	3.7%
Healthcare	0.6%	5.4%

Return for Risk

EDIV vs. SPYD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EDIV

EDIV Risk / Return Rank: 41
EDIV Sharpe Ratio Rank: 43
EDIV Sortino Ratio Rank: 42
EDIV Omega Ratio Rank: 43
EDIV Calmar Ratio Rank: 38
EDIV Martin Ratio Rank: 38

SPYD

SPYD Risk / Return Rank: 81
SPYD Sharpe Ratio Rank: 82
SPYD Sortino Ratio Rank: 85
SPYD Omega Ratio Rank: 79
SPYD Calmar Ratio Rank: 85
SPYD Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EDIV vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) 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.

	EDIV	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.94	-0.84
Sortino ratio: Return per unit of downside risk	1.60	2.89	-1.29
Omega ratio: Gain probability vs. loss probability	1.21	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.37	3.26	-1.89
Martin ratio: Return relative to average drawdown	4.01	9.67	-5.66

EDIV vs. SPYD - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.10, which is lower than the SPYD Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of EDIV and SPYD, 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

EDIV vs. SPYD - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for EDIV and SPYD.

Drawdown Indicators

	EDIV	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-46.42%	-6.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-7.05%	-3.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-16.13%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-22.25%	-6.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.76%	-46.42%	+5.66%
Current Drawdown Current decline from peak	-2.30%	-1.40%	-0.90%
Average Drawdown Average peak-to-trough decline	-19.18%	-6.09%	-13.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.37%	+1.17%

Volatility

EDIV vs. SPYD - Volatility Comparison

SPDR S&P Emerging Markets Dividend ETF (EDIV) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 4.12% and 3.94%, 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.

Volatility by Period

	EDIV	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	3.94%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	8.39%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	11.88%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.96%	15.98%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	19.77%	-2.46%

EDIV vs. SPYD - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is higher than SPYD's 0.07% expense ratio.

Dividends

EDIV vs. SPYD - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.19%, more than SPYD's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.19%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.08%	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

Can I hold both EDIV and SPYD in my portfolio?

EDIV and SPYD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDIV or SPYD?

EDIV has higher volatility (4.12%) compared to SPYD (3.94%). In terms of maximum drawdown, EDIV dropped -53.36% vs SPYD's -46.42%.

Which ETF is better, EDIV or SPYD?

On 10-year performance, SPYD leads with 8.80% vs 7.99% for EDIV. On fees, SPYD is cheaper at 0.07% per year. On volatility, SPYD has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDIV or SPYD?

Over the 10-year period, SPYD has performed better with a 8.80% return vs 7.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDIV or SPYD?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.49% for EDIV.

Which ETF pays a higher dividend yield, EDIV or SPYD?

EDIV has the higher dividend yield at 4.19%, compared with 4.08% for SPYD.

What is the main difference between EDIV and SPYD?

EDIV is categorized as Emerging Markets Equities, while SPYD is S&P 500. EDIV tracks S&P Emerging Markets Dividend Opportunities Index, while SPYD tracks S&P 500 High Dividend Index. Their fees differ too: 0.49% for EDIV and 0.07% for SPYD.

Which has better risk-adjusted returns?

SPYD currently has the higher Sharpe Ratio (1.94 vs 1.10), 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.