GDIV vs. SPY
Compare and contrast key facts about Harbor Dividend Growth Leaders ETF (GDIV) and SPDR S&P 500 ETF (SPY).
GDIV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDIV is an actively managed fund by Harbor. It was launched on Jul 26, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDIV or SPY.
Key characteristics
| GDIV | SPY | |
|---|---|---|
| YTD Return | 12.79% | 18.86% |
| 1Y Return | 22.25% | 28.13% |
| 3Y Return (Ann) | 3,219.09% | 9.87% |
| 5Y Return (Ann) | 3,219.09% | 15.23% |
| 10Y Return (Ann) | 3,219.09% | 12.80% |
| Sharpe Ratio | 1.86 | 2.21 |
| Daily Std Dev | 11.89% | 12.60% |
| Max Drawdown | -100.00% | -55.19% |
| Current Drawdown | -0.40% | -0.61% |
Correlation
The correlation between GDIV and SPY is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GDIV vs. SPY - Performance Comparison
In the year-to-date period, GDIV achieves a 12.79% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, GDIV has outperformed SPY with an annualized return of 3,219.09%, while SPY has yielded a comparatively lower 12.80% 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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GDIV vs. SPY - Expense Ratio Comparison
GDIV has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GDIV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) and SPDR S&P 500 ETF (SPY). 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
GDIV vs. SPY - Dividend Comparison
GDIV's dividend yield for the trailing twelve months is around 1.39%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDIV Harbor Dividend Growth Leaders ETF | 1.39% | 2.28% | 9.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GDIV vs. SPY - Drawdown Comparison
The maximum GDIV drawdown since its inception was -100.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GDIV and SPY. For additional features, visit the drawdowns tool.
Volatility
GDIV vs. SPY - Volatility Comparison
Harbor Dividend Growth Leaders ETF (GDIV) and SPDR S&P 500 ETF (SPY) have volatilities of 3.90% and 3.84%, 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.