FVD vs. SDY
Compare and contrast key facts about First Trust Value Line Dividend Index (FVD) and SPDR S&P Dividend ETF (SDY).
FVD and SDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FVD is a passively managed fund by First Trust that tracks the performance of the Value Line Dividend Index. It was launched on Aug 26, 2003. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. Both FVD and SDY 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: FVD or SDY.
Key characteristics
| FVD | SDY | |
|---|---|---|
| YTD Return | 15.29% | 15.30% |
| 1Y Return | 26.15% | 28.06% |
| 3Y Return (Ann) | 5.74% | 6.71% |
| 5Y Return (Ann) | 7.86% | 8.91% |
| 10Y Return (Ann) | 9.29% | 9.75% |
| Sharpe Ratio | 2.52 | 2.59 |
| Sortino Ratio | 3.61 | 3.66 |
| Omega Ratio | 1.47 | 1.48 |
| Calmar Ratio | 2.48 | 2.16 |
| Martin Ratio | 14.95 | 15.62 |
| Ulcer Index | 1.70% | 1.74% |
| Daily Std Dev | 10.11% | 10.45% |
| Max Drawdown | -51.00% | -54.75% |
| Current Drawdown | 0.00% | -1.48% |
Correlation
The correlation between FVD and SDY is 0.93, 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.
Performance
FVD vs. SDY - Performance Comparison
The year-to-date returns for both investments are quite close, with FVD having a 15.29% return and SDY slightly higher at 15.30%. Both investments have delivered pretty close results over the past 10 years, with FVD having a 9.29% annualized return and SDY not far ahead at 9.75%. 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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FVD vs. SDY - Expense Ratio Comparison
FVD has a 0.70% expense ratio, which is higher than SDY's 0.35% expense ratio.
Risk-Adjusted Performance
FVD vs. SDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index (FVD) and SPDR S&P Dividend ETF (SDY). 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
FVD vs. SDY - Dividend Comparison
FVD's dividend yield for the trailing twelve months is around 2.15%, less than SDY's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVD First Trust Value Line Dividend Index | 2.15% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.35% | 2.46% | 2.28% |
SDY SPDR S&P Dividend ETF | 2.35% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% | 4.74% | 3.95% |
Drawdowns
FVD vs. SDY - Drawdown Comparison
The maximum FVD drawdown since its inception was -51.00%, smaller than the maximum SDY drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for FVD and SDY. For additional features, visit the drawdowns tool.
Volatility
FVD vs. SDY - Volatility Comparison
First Trust Value Line Dividend Index (FVD) and SPDR S&P Dividend ETF (SDY) have volatilities of 3.01% and 2.89%, 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.