REGL vs. DVY

Last updated Jun 4, 2026

REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) and DVY (iShares Select Dividend ETF) are both exchange-traded funds - REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats 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, REGL returned 9.12%/yr vs 10.13%/yr for DVY. Their correlation of 0.87 suggests significant overlap in exposure. REGL charges 0.40%/yr vs 0.39%/yr for DVY.

Performance

REGL vs. DVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and iShares Select Dividend ETF (DVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REGL achieves a 3.98% return, which is significantly lower than DVY's 9.70% return. Over the past 10 years, REGL has underperformed DVY with an annualized return of 9.12%, while DVY has yielded a comparatively higher 10.13% annualized return.

REGL

• 1D: -0.58%
• 1M: -2.06%
• YTD: 3.98%
• 6M: 4.90%
• 1Y: 9.25%
• 3Y*: 10.42%
• 5Y*: 5.92%
• 10Y*: 9.12%

DVY

• 1D: -0.76%
• 1M: 0.05%
• YTD: 9.70%
• 6M: 10.36%
• 1Y: 21.04%
• 3Y*: 15.52%
• 5Y*: 8.51%
• 10Y*: 10.13%

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

REGL vs. DVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	3.98%	6.89%	12.26%	5.41%	-0.62%	20.38%	7.50%	18.79%	-3.25%	10.17%
DVY iShares Select Dividend ETF	9.70%	11.60%	16.24%	1.12%	1.80%	31.70%	-4.91%	22.62%	-6.36%	14.82%

Correlation

The correlation between REGL 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	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 6, 2015	0.87

The correlation between REGL and DVY has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

REGL vs. DVY - Sectors Allocation Comparison

Sectors	REGL	DVY
Financial Services	30.0%	24.9%
Industrials	15.1%	2.1%
Utilities	14.5%	24.2%
Consumer Cyclical	9.6%	9.4%
Basic Materials	9.3%	2.3%
Real Estate	7.8%	-
Healthcare	4.5%	5.0%
Consumer Defensive	3.8%	13.5%
Energy	3.4%	9.1%
Technology	2.0%	3.4%
Communication Services	-	6.0%

Return for Risk

REGL vs. DVY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

REGL

REGL Risk / Return Rank: 21
REGL Sharpe Ratio Rank: 20
REGL Sortino Ratio Rank: 21
REGL Omega Ratio Rank: 19
REGL Calmar Ratio Rank: 21
REGL Martin Ratio Rank: 23

DVY

DVY Risk / Return Rank: 57
DVY Sharpe Ratio Rank: 54
DVY Sortino Ratio Rank: 58
DVY Omega Ratio Rank: 51
DVY Calmar Ratio Rank: 61
DVY Martin Ratio Rank: 60

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.

REGL vs. DVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) 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.

	REGL	DVY	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.90	-1.19
Sortino ratio: Return per unit of downside risk	1.13	2.79	-1.66
Omega ratio: Gain probability vs. loss probability	1.13	1.32	-0.20
Calmar ratio: Return relative to maximum drawdown	0.96	3.07	-2.11
Martin ratio: Return relative to average drawdown	3.07	10.83	-7.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REGL vs. DVY - Sharpe Ratio Comparison

The current REGL Sharpe Ratio is 0.70, which is lower than the DVY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of REGL 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.

Sharpe Ratios by Period

	REGL	DVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.90	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.56	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.56	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.47	+0.05

Drawdowns

REGL vs. DVY - Drawdown Comparison

The maximum REGL drawdown since its inception was -36.37%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for REGL and DVY.

Drawdown Indicators

	REGL	DVY	Difference
Max Drawdown Largest peak-to-trough decline	-36.37%	-62.59%	+26.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-6.89%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-16.00%	-0.96%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-17.54%	+0.58%
Max Drawdown (10Y) Largest decline over 10 years	-36.37%	-41.59%	+5.22%
Current Drawdown Current decline from peak	-5.82%	-1.96%	-3.86%
Average Drawdown Average peak-to-trough decline	-4.08%	-8.79%	+4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	1.95%	+1.07%

Volatility

REGL vs. DVY - Volatility Comparison

ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) has a higher volatility of 3.65% compared to iShares Select Dividend ETF (DVY) at 2.79%. This indicates that REGL'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.

Volatility by Period

	REGL	DVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	2.79%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	7.56%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	11.14%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	15.20%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	18.01%	+0.32%

REGL vs. DVY - Expense Ratio Comparison

REGL has a 0.40% expense ratio, which is higher than DVY's 0.39% expense ratio.

Dividends

REGL vs. DVY - Dividend Comparison

REGL's dividend yield for the trailing twelve months is around 2.24%, less than DVY's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVY iShares Select Dividend ETF	3.41%	3.65%	3.65%	3.82%	3.43%	3.12%	3.66%	3.41%	3.58%	3.00%	3.04%	3.45%
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	2.24%	2.32%	2.28%	2.40%	2.32%	2.50%	2.41%	1.96%	2.09%	1.63%	1.20%	1.66%

Frequently Asked Questions

Can I hold both REGL and DVY in my portfolio?

REGL 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.

Which is riskier, REGL or DVY?

REGL has higher volatility (3.65%) compared to DVY (2.79%). In terms of maximum drawdown, REGL dropped -36.37% vs DVY's -62.59%.

Which ETF is better, REGL or DVY?

On 10-year performance, DVY leads with 10.13% vs 9.12% for REGL. On fees, DVY is cheaper at 0.39% per year. On volatility, DVY has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REGL or DVY?

Over the 10-year period, DVY has performed better with a 10.13% return vs 9.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REGL or DVY?

DVY is cheaper with a 0.39% expense ratio, compared with 0.40% for REGL.

Which ETF pays a higher dividend yield, REGL or DVY?

DVY has the higher dividend yield at 3.41%, compared with 2.24% for REGL.

What is the main difference between REGL and DVY?

REGL is categorized as Mid Cap Value Equities, while DVY is Large Cap Value Equities. REGL tracks S&P MidCap 400 Dividend Aristocrats Index, while DVY tracks Dow Jones U.S. Select Dividend Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.40% for REGL and 0.39% for DVY.

Which has better risk-adjusted returns?

DVY currently has the higher Sharpe Ratio (1.90 vs 0.70), 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.