PAWZ vs. WDIV

Last updated Jul 8, 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 -9.18%/yr vs 8.78%/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.

Returns By Period

In the year-to-date period, PAWZ achieves a -10.10% return, which is significantly lower than WDIV's 9.60% return.

PAWZ

• 1D: 0.32%
• 1M: 3.89%
• 6M: -11.01%
• YTD: -10.10%
• 1Y: -15.01%
• 3Y*: 0.04%
• 5Y*: -9.18%
• 10Y*: —

WDIV

• 1D: 0.05%
• 1M: 1.77%
• 6M: 8.21%
• YTD: 9.60%
• 1Y: 19.42%
• 3Y*: 17.74%
• 5Y*: 8.78%
• 10Y*: 7.62%

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

PAWZ vs. WDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PAWZ ProShares Pet Care ETF	-10.10%	1.21%	3.88%	12.47%	-40.08%	10.46%	61.69%	22.95%	-8.52%
WDIV SPDR S&P Global Dividend ETF	9.60%	27.16%	7.61%	8.21%	-6.92%	14.44%	-10.18%	20.12%	-3.49%

Correlation

The correlation between PAWZ and WDIV is 0.59, 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	0.59
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	30.8%	3.0%
Consumer Defensive	17.3%	4.8%
Consumer Cyclical	13.7%	4.2%
Financial Services	5.0%	19.3%
Basic Materials	4.7%	4.3%
Technology	4.3%	2.3%
Communication Services	-	4.8%
Energy	-	7.2%
Industrials	-	5.1%
Real Estate	-	8.6%
Utilities	-	7.7%

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: 2
PAWZ Sharpe Ratio Rank: 2
PAWZ Sortino Ratio Rank: 2
PAWZ Omega Ratio Rank: 2
PAWZ Calmar Ratio Rank: 3
PAWZ Martin Ratio Rank: 1

WDIV

WDIV Risk / Return Rank: 65
WDIV Sharpe Ratio Rank: 72
WDIV Sortino Ratio Rank: 74
WDIV Omega Ratio Rank: 71
WDIV Calmar Ratio Rank: 53
WDIV Martin Ratio Rank: 56

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.

	PAWZ	WDIV	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	1.92	-2.80
Sortino ratio: Return per unit of downside risk	-1.21	2.78	-3.99
Omega ratio: Gain probability vs. loss probability	0.86	1.35	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.71	2.27	-2.98
Martin ratio: Return relative to average drawdown	-1.54	8.29	-9.83

PAWZ vs. WDIV - Sharpe Ratio Comparison

The current PAWZ Sharpe Ratio is -0.89, which is lower than the WDIV Sharpe Ratio of 1.92. 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.

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.

Drawdown Indicators

	PAWZ	WDIV	Difference
Max Drawdown Largest peak-to-trough decline	-50.07%	-42.34%	-7.73%
Max Drawdown (1Y) Largest decline over 1 year	-21.10%	-8.61%	-12.49%
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	-40.19%	-0.39%	-39.80%
Average Drawdown Average peak-to-trough decline	-22.77%	-5.82%	-16.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.75%	2.35%	+7.40%

Volatility

PAWZ vs. WDIV - Volatility Comparison

ProShares Pet Care ETF (PAWZ) has a higher volatility of 5.29% compared to SPDR S&P Global Dividend ETF (WDIV) at 2.91%. 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.

Volatility by Period

	PAWZ	WDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	2.91%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	12.31%	8.34%	+3.97%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	10.25%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.28%	12.77%	+7.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.64%	15.15%	+6.49%

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 0.71%, less than WDIV's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAWZ ProShares Pet Care ETF	0.71%	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	4.23%	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

Can I hold both PAWZ and WDIV in my portfolio?

PAWZ and WDIV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAWZ or WDIV?

PAWZ has higher volatility (5.29%) compared to WDIV (2.91%). In terms of maximum drawdown, PAWZ dropped -50.07% vs WDIV's -42.34%.

Which ETF is better, PAWZ or WDIV?

On 5-year performance, WDIV leads with 8.78% vs -9.18% for PAWZ. On fees, WDIV is cheaper at 0.40% per year. On volatility, WDIV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAWZ or WDIV?

Over the 5-year period, WDIV has performed better with a 8.78% return vs -9.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAWZ or WDIV?

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

Which ETF pays a higher dividend yield, PAWZ or WDIV?

WDIV has the higher dividend yield at 4.23%, compared with 0.71% for PAWZ.

What is the main difference between PAWZ and WDIV?

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.

Which has better risk-adjusted returns?

WDIV currently has the higher Sharpe Ratio (1.92 vs -0.89), 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.