RDV.AX vs. STW.AX

Last updated Aug 1, 2026

RDV.AX (Russell Investments High Dividend Australian Shares ETF) and STW.AX (State Street SPDR S&P/ASX 200 ETF) are both Australia Equities funds - RDV.AX tracks the Russell Australia High Dividend Index while STW.AX tracks the S&P/ASX 200 Index. Both are passively managed. Over the past 10 years, RDV.AX returned 7.60%/yr vs 8.97%/yr for STW.AX. Their correlation of 0.86 means they have usually moved in the same direction. RDV.AX charges 0.34%/yr vs 0.05%/yr for STW.AX.

Performance

RDV.AX vs. STW.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Russell Investments High Dividend Australian Shares ETF (RDV.AX) and State Street SPDR S&P/ASX 200 ETF (STW.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDV.AX achieves a 6.55% return, which is significantly higher than STW.AX's 4.77% return. Over the past 10 years, RDV.AX has underperformed STW.AX with an annualized return of 7.60%, while STW.AX has yielded a comparatively higher 8.97% annualized return.

RDV.AX

• 1D: -0.28%
• 1M: 3.61%
• 6M: 5.18%
• YTD: 6.55%
• 1Y: 8.90%
• 3Y*: 11.43%
• 5Y*: 8.74%
• 10Y*: 7.60%
• ALL TIME*: 7.21%

STW.AX

• 1D: 0.20%
• 1M: 1.56%
• 6M: 2.76%
• YTD: 4.77%
• 1Y: 6.97%
• 3Y*: 10.18%
• 5Y*: 7.94%
• 10Y*: 8.97%
• ALL TIME*: 6.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RDV.AX Russell Investments High Dividend Australian Shares ETF	A$329.73K	A$535.42K	A$425.19K
STW.AX State Street SPDR S&P/ASX 200 ETF	A$10.64M	A$10.43M	A$10.02M

RDV.AX vs. STW.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDV.AX Russell Investments High Dividend Australian Shares ETF	6.55%	12.55%	12.31%	8.23%	2.30%	15.36%	-5.86%	19.92%	-9.14%	9.86%
STW.AX State Street SPDR S&P/ASX 200 ETF	4.77%	10.21%	11.50%	12.18%	-1.26%	16.70%	1.89%	23.18%	-2.92%	11.55%

Correlation

The correlation between RDV.AX and STW.AX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since May 14, 2010	0.86

The correlation between RDV.AX and STW.AX shifts across timeframes, from 0.71 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RDV.AX vs. STW.AX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RDV.AX

RDV.AX Risk / Return Rank: 31
RDV.AX Sharpe Ratio Rank: 31
RDV.AX Sortino Ratio Rank: 29
RDV.AX Omega Ratio Rank: 29
RDV.AX Calmar Ratio Rank: 36
RDV.AX Martin Ratio Rank: 28

STW.AX

STW.AX Risk / Return Rank: 22
STW.AX Sharpe Ratio Rank: 23
STW.AX Sortino Ratio Rank: 21
STW.AX Omega Ratio Rank: 21
STW.AX Calmar Ratio Rank: 24
STW.AX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RDV.AX vs. STW.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments High Dividend Australian Shares ETF (RDV.AX) and State Street SPDR S&P/ASX 200 ETF (STW.AX). 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.

	RDV.AX	STW.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.48	+0.29
Sortino ratio: Return per unit of downside risk	1.11	0.77	+0.35
Omega ratio: Gain probability vs. loss probability	1.14	1.09	+0.05
Calmar ratio: Return relative to maximum drawdown	1.25	0.68	+0.57
Martin ratio: Return relative to average drawdown	2.35	1.61	+0.74

RDV.AX vs. STW.AX - Sharpe Ratio Comparison

The current RDV.AX Sharpe Ratio is 0.77, which is higher than the STW.AX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of RDV.AX and STW.AX, 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

RDV.AX vs. STW.AX - Drawdown Comparison

The maximum RDV.AX drawdown since its inception was -40.60%, smaller than the maximum STW.AX drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for RDV.AX and STW.AX.

Drawdown Indicators

	RDV.AX	STW.AX	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-50.66%	+10.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.38%	-8.44%	+2.06%
Max Drawdown (3Y) Largest decline over 3 years	-10.09%	-13.18%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-14.71%	-14.82%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-40.60%	-34.99%	-5.61%
Current Drawdown Current decline from peak	-1.07%	-1.28%	+0.21%
Average Drawdown Average peak-to-trough decline	-5.15%	-9.78%	+4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.64%	-0.18%

Volatility

RDV.AX vs. STW.AX - Volatility Comparison

The current volatility for Russell Investments High Dividend Australian Shares ETF (RDV.AX) is 2.44%, while State Street SPDR S&P/ASX 200 ETF (STW.AX) has a volatility of 2.73%. This indicates that RDV.AX experiences smaller price fluctuations and is considered to be less risky than STW.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDV.AX	STW.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.73%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	9.94%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	12.02%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.20%	12.70%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	14.35%	+0.43%

RDV.AX vs. STW.AX - Expense Ratio Comparison

RDV.AX has a 0.34% expense ratio, which is higher than STW.AX's 0.05% expense ratio.

Dividends

RDV.AX vs. STW.AX - Dividend Comparison

RDV.AX's dividend yield for the trailing twelve months is around 3.95%, more than STW.AX's 3.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDV.AX Russell Investments High Dividend Australian Shares ETF	3.95%	4.60%	4.02%	4.90%	6.65%	4.12%	3.21%	6.54%	7.41%	5.41%	4.44%	5.93%
STW.AX State Street SPDR S&P/ASX 200 ETF	3.63%	3.49%	3.65%	4.22%	6.80%	3.75%	2.27%	4.68%	4.55%	4.10%	3.89%	3.85%

Frequently Asked Questions

Can I hold both RDV.AX and STW.AX in my portfolio?

RDV.AX and STW.AX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDV.AX or STW.AX?

On fees, STW.AX is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RDV.AX or STW.AX?

STW.AX is cheaper with a 0.05% expense ratio, compared with 0.34% for RDV.AX.

What is the main difference between RDV.AX and STW.AX?

RDV.AX tracks Russell Australia High Dividend Index, while STW.AX tracks S&P/ASX 200 Index. They also come from different issuers: Russell and SPDR. Their fees differ too: 0.34% for RDV.AX and 0.05% for STW.AX.