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RDIV vs. DVY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RDIV vs. DVY

Last updated Jun 14, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and DVY (iShares Select Dividend ETF) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. Both are passively managed. Over the past 10 years, RDIV returned 11.39%/yr vs 10.49%/yr for DVY. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.

Performance

RDIV vs. DVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Ultra Dividend Revenue ETF (RDIV) and iShares Select Dividend ETF (DVY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RDIV achieves a 16.75% return, which is significantly higher than DVY's 13.40% return. Over the past 10 years, RDIV has outperformed DVY with an annualized return of 11.39%, while DVY has yielded a comparatively lower 10.49% annualized return.

RDIV

1D
1.52%
1M
6.52%
YTD
16.75%
6M
14.41%
1Y
32.09%
3Y*
19.66%
5Y*
11.12%
10Y*
11.39%

DVY

1D
1.18%
1M
4.16%
YTD
13.40%
6M
12.29%
1Y
25.66%
3Y*
15.86%
5Y*
9.31%
10Y*
10.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RDIV vs. DVY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RDIV
Invesco S&P Ultra Dividend Revenue ETF		16.75%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%
DVY
iShares Select Dividend ETF		13.40%11.60%16.24%1.12%1.80%31.70%-4.91%22.62%-6.36%14.82%

Correlation

The correlation between RDIV and DVY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.85

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

0.91

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

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.90

The correlation between RDIV and DVY has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

RDIV vs. DVY - Sectors Allocation Comparison

Sectors
RDIV
DVY

Financial Services

17.8%
25.1%

Energy

17.3%
8.8%

Consumer Cyclical

15.0%
9.6%

Consumer Defensive

14.6%
13.5%

Communication Services

8.8%
5.5%

Real Estate

7.3%

-

Healthcare

6.8%
5.2%

Technology

6.2%
4.0%

Utilities

6.2%
23.7%

Basic Materials

0.5%
2.1%

Industrials

-

2.0%

Financial Services

RDIV
17.8%
DVY
25.1%

Energy

RDIV
17.3%
DVY
8.8%

Consumer Cyclical

RDIV
15.0%
DVY
9.6%

Consumer Defensive

RDIV
14.6%
DVY
13.5%

Communication Services

RDIV
8.8%
DVY
5.5%

Real Estate

RDIV
7.3%
DVY

-

Healthcare

RDIV
6.8%
DVY
5.2%

Technology

RDIV
6.2%
DVY
4.0%

Utilities

RDIV
6.2%
DVY
23.7%

Basic Materials

RDIV
0.5%
DVY
2.1%

Industrials

RDIV

-

DVY
2.0%

Compare stocks, funds, or ETFs

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

Invesco S&P Ultra Dividend Revenue ETF

iShares Select Dividend ETF

Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. BKERDIV vs. VYMRDIV vs. EQQQ.DERDIV vs. SPY
Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. VYMDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOO

Return for Risk

RDIV vs. DVY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RDIV
RDIV Risk / Return Rank: 8787
Overall Rank
RDIV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 8787
Sortino Ratio Rank
RDIV Omega Ratio Rank: 7979
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9494
Calmar Ratio Rank
RDIV Martin Ratio Rank: 9191
Martin Ratio Rank
DVY
DVY Risk / Return Rank: 7878
Overall Rank
DVY Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 8282
Sortino Ratio Rank
DVY Omega Ratio Rank: 7474
Omega Ratio Rank
DVY Calmar Ratio Rank: 7878
Calmar Ratio Rank
DVY Martin Ratio Rank: 7676
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.

RDIV vs. DVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and iShares Select Dividend ETF (DVY). 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.

RDIVDVYDifference
Sharpe ratioReturn per unit of total volatility
2.31
2.19

+0.12

Sortino ratioReturn per unit of downside risk
3.42
3.19

+0.23

Omega ratioGain probability vs. loss probability

1.40

1.37

+0.03

Calmar ratioReturn relative to maximum drawdown

6.30

3.54

+2.75

Martin ratioReturn relative to average drawdown

18.74

12.51

+6.23

RDIV vs. DVY - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.31, which is comparable to the DVY Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of RDIV and DVY, 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

RDIV vs. DVY - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for RDIV and DVY.

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Drawdown Indicators

RDIVDVYDifference

Max Drawdown

Largest peak-to-trough decline

-49.97%

-62.59%

+12.62%

Max Drawdown (1Y)

Largest decline over 1 year

-4.84%

-6.89%

+2.05%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-16.00%

-1.91%

Max Drawdown (5Y)

Largest decline over 5 years

-24.89%

-17.54%

-7.35%

Max Drawdown (10Y)

Largest decline over 10 years

-49.97%

-41.59%

-8.38%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.85%

-8.78%

+2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

1.95%

-0.31%

Volatility

RDIV vs. DVY - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 3.52% compared to iShares Select Dividend ETF (DVY) at 2.94%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RDIVDVYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

2.94%

+0.58%

Volatility (6M)

Calculated over the trailing 6-month period

8.64%

7.54%

+1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

13.19%

11.16%

+2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.55%

15.22%

+2.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.88%

18.01%

+3.87%

RDIV vs. DVY - Expense Ratio Comparison

Both RDIV and DVY have an expense ratio of 0.39%.

Dividends

RDIV vs. DVY - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.51%, more than DVY's 3.30% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.30%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.51%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

RDIV and DVY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (3.52%) compared to DVY (2.94%). In terms of maximum drawdown, RDIV dropped -49.97% vs DVY's -62.59%.

On 10-year performance, RDIV leads with 11.39% vs 10.49% for DVY. Both ETFs have the same 0.39% expense ratio. On volatility, DVY has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RDIV has performed better with a 11.39% return vs 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RDIV and DVY have the same expense ratio: 0.39% per year.

RDIV has the higher dividend yield at 3.51%, compared with 3.30% for DVY.

RDIV is categorized as Mid Cap Value Equities, while DVY is Large Cap Value Equities. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while DVY tracks Dow Jones U.S. Select Dividend Index. They also come from different issuers: Invesco and iShares.

RDIV currently has the higher Sharpe Ratio (2.31 vs 2.19), 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.

Portfolio Optimizer

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