GDIV vs. SELV

Last updated Jul 14, 2026

GDIV (Harbor Dividend Growth Leaders ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, GDIV returned 15.69%/yr vs 11.44%/yr for SELV. A 0.74 correlation means they provide meaningful diversification when combined. GDIV charges 0.50%/yr vs 0.15%/yr for SELV.

Performance

GDIV vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Dividend Growth Leaders ETF (GDIV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDIV achieves a 12.41% return, which is significantly higher than SELV's 4.65% return.

GDIV

• 1D: -0.31%
• 1M: 0.79%
• 6M: 9.29%
• YTD: 12.41%
• 1Y: 22.11%
• 3Y*: 15.69%
• 5Y*: —
• 10Y*: —

SELV

• 1D: 0.81%
• 1M: 1.85%
• 6M: 3.60%
• YTD: 4.65%
• 1Y: 10.70%
• 3Y*: 11.44%
• 5Y*: —
• 10Y*: —

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

GDIV vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	12.41%	10.81%	14.83%	16.45%	-1.01%
SELV SEI Enhanced Low Volatility US Large Cap ETF	4.65%	12.86%	14.71%	6.58%	2.25%

Correlation

The correlation between GDIV and SELV is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.74

Over the past year, the correlation between GDIV and SELV has dropped to 0.39 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

GDIV vs. SELV - Sectors Allocation Comparison

Sectors	GDIV	SELV
Financial Services	21.1%	4.8%
Industrials	19.2%	7.5%
Technology	19.0%	21.4%
Healthcare	15.3%	17.0%
Consumer Cyclical	7.3%	4.9%
Energy	5.8%	4.3%
Consumer Defensive	4.9%	12.3%
Utilities	3.7%	7.6%
Basic Materials	1.4%	2.8%
Real Estate	1.2%	0.1%
Communication Services	-	15.8%

Return for Risk

GDIV vs. SELV — Risk / Return Rank

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

GDIV

GDIV Risk / Return Rank: 70
GDIV Sharpe Ratio Rank: 74
GDIV Sortino Ratio Rank: 77
GDIV Omega Ratio Rank: 74
GDIV Calmar Ratio Rank: 58
GDIV Martin Ratio Rank: 67

SELV

SELV Risk / Return Rank: 41
SELV Sharpe Ratio Rank: 41
SELV Sortino Ratio Rank: 41
SELV Omega Ratio Rank: 38
SELV Calmar Ratio Rank: 45
SELV Martin Ratio Rank: 39

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.

GDIV vs. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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.

	GDIV	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.16	+0.71
Sortino ratio: Return per unit of downside risk	2.72	1.71	+1.01
Omega ratio: Gain probability vs. loss probability	1.34	1.20	+0.14
Calmar ratio: Return relative to maximum drawdown	2.30	1.81	+0.48
Martin ratio: Return relative to average drawdown	9.51	4.84	+4.67

GDIV vs. SELV - Sharpe Ratio Comparison

The current GDIV Sharpe Ratio is 1.87, which is higher than the SELV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of GDIV and SELV, 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

GDIV vs. SELV - Drawdown Comparison

The maximum GDIV drawdown since its inception was -18.93%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for GDIV and SELV.

Drawdown Indicators

	GDIV	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-13.73%	-5.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-5.92%	-3.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-8.94%	-9.99%
Current Drawdown Current decline from peak	-0.31%	-0.34%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.11%	-2.37%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.21%	+0.12%

Volatility

GDIV vs. SELV - Volatility Comparison

The current volatility for Harbor Dividend Growth Leaders ETF (GDIV) is 2.45%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 3.86%. This indicates that GDIV experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDIV	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	3.86%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	7.24%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	9.26%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	11.90%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	11.90%	+3.30%

GDIV vs. SELV - Expense Ratio Comparison

GDIV has a 0.50% expense ratio, which is higher than SELV's 0.15% expense ratio.

Dividends

GDIV vs. SELV - Dividend Comparison

GDIV's dividend yield for the trailing twelve months is around 1.14%, less than SELV's 1.71% yield.

Position	TTM	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	1.14%	1.19%	1.30%	2.27%	5.88%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.71%	1.74%	1.77%	2.06%	1.26%

Frequently Asked Questions

Can I hold both GDIV and SELV in my portfolio?

GDIV and SELV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDIV or SELV?

SELV has higher volatility (3.86%) compared to GDIV (2.45%). In terms of maximum drawdown, GDIV dropped -18.93% vs SELV's -13.73%.

Which ETF is better, GDIV or SELV?

On 3-year performance, GDIV leads with 15.69% vs 11.44% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, GDIV has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDIV or SELV?

Over the 3-year period, GDIV has performed better with a 15.69% return vs 11.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDIV or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.50% for GDIV.

Which ETF pays a higher dividend yield, GDIV or SELV?

SELV has the higher dividend yield at 1.71%, compared with 1.14% for GDIV.

What is the main difference between GDIV and SELV?

They also come from different issuers: Harbor and SEI. Their fees differ too: 0.50% for GDIV and 0.15% for SELV.

Which has better risk-adjusted returns?

GDIV currently has the higher Sharpe Ratio (1.87 vs 1.16), 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.