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PAWZ vs. WDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAWZ vs. WDIV

Last updated Jun 17, 2026

PAWZ (ProShares Pet Care ETF) and WDIV (SPDR S&P Global Dividend ETF) are both Global Equities funds - PAWZ tracks the FactSet Pet Care Index while WDIV tracks the S&P Global Dividend Aristocrats Index sp_43. Both are passively managed. Over the past 5 years, PAWZ returned -9.14%/yr vs 8.17%/yr for WDIV. A 0.59 correlation means they provide meaningful diversification when combined. PAWZ charges 0.50%/yr vs 0.40%/yr for WDIV.

Performance

PAWZ vs. WDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Pet Care ETF (PAWZ) and SPDR S&P Global Dividend ETF (WDIV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PAWZ achieves a -11.47% return, which is significantly lower than WDIV's 9.77% return.

PAWZ

1D
-0.01%
1M
4.84%
YTD
-11.47%
6M
-11.85%
1Y
-15.91%
3Y*
-1.31%
5Y*
-9.14%
10Y*
—

WDIV

1D
-0.23%
1M
2.69%
YTD
9.77%
6M
11.10%
1Y
21.01%
3Y*
16.92%
5Y*
8.17%
10Y*
7.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PAWZ vs. WDIV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PAWZ
ProShares Pet Care ETF		-11.47%1.21%3.88%12.47%-40.08%10.46%61.69%22.95%-8.52%
WDIV
SPDR S&P Global Dividend ETF		9.77%27.16%7.61%8.21%-6.92%14.44%-10.18%20.12%-3.49%

Correlation

The correlation between PAWZ and WDIV is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2018

0.59

The correlation between PAWZ and WDIV has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

PAWZ vs. WDIV - Sectors Allocation Comparison

Sectors
PAWZ
WDIV

Healthcare

32.6%
2.2%

Consumer Defensive

16.3%
4.6%

Consumer Cyclical

12.5%
3.9%

Basic Materials

5.0%
4.4%

Technology

4.2%
2.4%

Financial Services

4.1%
19.2%

Communication Services

-

5.1%

Energy

-

7.9%

Industrials

-

6.0%

Real Estate

-

8.2%

Utilities

-

7.5%

Healthcare

PAWZ
32.6%
WDIV
2.2%

Consumer Defensive

PAWZ
16.3%
WDIV
4.6%

Consumer Cyclical

PAWZ
12.5%
WDIV
3.9%

Basic Materials

PAWZ
5.0%
WDIV
4.4%

Technology

PAWZ
4.2%
WDIV
2.4%

Financial Services

PAWZ
4.1%
WDIV
19.2%

Communication Services

PAWZ

-

WDIV
5.1%

Energy

PAWZ

-

WDIV
7.9%

Industrials

PAWZ

-

WDIV
6.0%

Real Estate

PAWZ

-

WDIV
8.2%

Utilities

PAWZ

-

WDIV
7.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Pet Care ETF

SPDR S&P Global Dividend ETF

Often compared with PAWZ:
PAWZ vs. ZTSPAWZ vs. IBUYPAWZ vs. SPYPAWZ vs. VOOPAWZ vs. BDVLPAWZ vs. FIXTPAWZ vs. SCHD
Often compared with WDIV:
WDIV vs. SCHDWDIV vs. SCHYWDIV vs. VYMWDIV vs. WLDRWDIV vs. VIGIWDIV vs. SPYWDIV vs. IVV

Return for Risk

PAWZ vs. WDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAWZ
PAWZ Risk / Return Rank: 22
Overall Rank
PAWZ Sharpe Ratio Rank: 22
Sharpe Ratio Rank
PAWZ Sortino Ratio Rank: 22
Sortino Ratio Rank
PAWZ Omega Ratio Rank: 22
Omega Ratio Rank
PAWZ Calmar Ratio Rank: 33
Calmar Ratio Rank
PAWZ Martin Ratio Rank: 00
Martin Ratio Rank
WDIV
WDIV Risk / Return Rank: 6161
Overall Rank
WDIV Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
WDIV Sortino Ratio Rank: 6969
Sortino Ratio Rank
WDIV Omega Ratio Rank: 6464
Omega Ratio Rank
WDIV Calmar Ratio Rank: 5151
Calmar Ratio Rank
WDIV Martin Ratio Rank: 5454
Martin Ratio Rank
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.

PAWZ vs. WDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) and SPDR S&P Global Dividend ETF (WDIV). 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.

PAWZWDIVDifference
Sharpe ratioReturn per unit of total volatility
-0.97
2.06

-3.03

Sortino ratioReturn per unit of downside risk
-1.34
2.98

-4.31

Omega ratioGain probability vs. loss probability

0.85

1.37

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.75

2.45

-3.20

Martin ratioReturn relative to average drawdown

-1.77

9.04

-10.81

PAWZ vs. WDIV - Sharpe Ratio Comparison

The current PAWZ Sharpe Ratio is -0.97, which is lower than the WDIV Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of PAWZ and WDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PAWZ vs. WDIV - Drawdown Comparison

The maximum PAWZ drawdown since its inception was -50.07%, which is greater than WDIV's maximum drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for PAWZ and WDIV.

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Drawdown Indicators

PAWZWDIVDifference

Max Drawdown

Largest peak-to-trough decline

-50.07%

-42.34%

-7.73%

Max Drawdown (1Y)

Largest decline over 1 year

-21.26%

-8.61%

-12.65%

Max Drawdown (3Y)

Largest decline over 3 years

-23.12%

-11.26%

-11.86%

Max Drawdown (5Y)

Largest decline over 5 years

-50.07%

-22.12%

-27.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.34%

—

Current Drawdown

Current decline from peak

-41.10%

-0.23%

-40.87%

Average Drawdown

Average peak-to-trough decline

-22.64%

-5.84%

-16.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.99%

2.34%

+6.65%

Volatility

PAWZ vs. WDIV - Volatility Comparison

ProShares Pet Care ETF (PAWZ) has a higher volatility of 3.76% compared to SPDR S&P Global Dividend ETF (WDIV) at 2.85%. This indicates that PAWZ's price experiences larger fluctuations and is considered to be riskier than WDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PAWZWDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

2.85%

+0.91%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

8.15%

+3.29%

Volatility (1Y)

Calculated over the trailing 1-year period

16.53%

10.26%

+6.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.19%

12.79%

+7.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.64%

15.38%

+6.26%

PAWZ vs. WDIV - Expense Ratio Comparison

PAWZ has a 0.50% expense ratio, which is higher than WDIV's 0.40% expense ratio.

Dividends

PAWZ vs. WDIV - Dividend Comparison

PAWZ's dividend yield for the trailing twelve months is around 0.86%, less than WDIV's 3.98% yield.

PositionTTM20252024202320222021202020192018201720162015
PAWZ
ProShares Pet Care ETF		0.86%0.81%0.63%0.44%0.54%0.18%0.14%0.35%0.07%0.00%0.00%0.00%
WDIV
SPDR S&P Global Dividend ETF		3.98%4.27%4.63%4.73%5.12%4.15%5.55%3.99%4.42%3.62%4.32%5.03%

Frequently Asked Questions

PAWZ and WDIV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PAWZ has higher volatility (3.76%) compared to WDIV (2.85%). In terms of maximum drawdown, PAWZ dropped -50.07% vs WDIV's -42.34%.

On 5-year performance, WDIV leads with 8.17% vs -9.14% for PAWZ. On fees, WDIV is cheaper at 0.40% per year. On volatility, WDIV has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, WDIV has performed better with a 8.17% return vs -9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

WDIV is cheaper with a 0.40% expense ratio, compared with 0.50% for PAWZ.

WDIV has the higher dividend yield at 3.98%, compared with 0.86% for PAWZ.

PAWZ tracks FactSet Pet Care Index, while WDIV tracks S&P Global Dividend Aristocrats Index sp_43. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.50% for PAWZ and 0.40% for WDIV.

WDIV currently has the higher Sharpe Ratio (2.06 vs -0.97), 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.

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