REGL vs. SDVY

Last updated Jun 23, 2026

REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) and SDVY (First Trust SMID Cap Rising Dividend Achievers ETF) are both exchange-traded funds - REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats Index, while SDVY is a Small Cap Blend Equities fund tracking the NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index. Both are passively managed. Over the past 5 years, REGL returned 7.47%/yr vs 10.04%/yr for SDVY. Their correlation of 0.83 suggests significant overlap in exposure. REGL charges 0.40%/yr vs 0.60%/yr for SDVY.

Performance

REGL vs. SDVY - 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 First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REGL achieves a 7.68% return, which is significantly lower than SDVY's 10.79% return.

REGL

• 1D: 0.16%
• 1M: 1.42%
• YTD: 7.68%
• 6M: 5.73%
• 1Y: 14.91%
• 3Y*: 12.38%
• 5Y*: 7.47%
• 10Y*: 9.63%

SDVY

• 1D: 0.31%
• 1M: 1.95%
• YTD: 10.79%
• 6M: 8.00%
• 1Y: 24.78%
• 3Y*: 17.87%
• 5Y*: 10.04%
• 10Y*: —

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

REGL vs. SDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	7.68%	6.89%	12.26%	5.41%	-0.62%	20.38%	7.50%	18.79%	-3.25%	3.43%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	10.79%	8.83%	11.19%	28.58%	-11.98%	29.13%	11.72%	25.62%	-15.26%	5.62%

Correlation

The correlation between REGL and SDVY is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017	0.83

The correlation between REGL and SDVY has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

REGL vs. SDVY - Sectors Allocation Comparison

Sectors	REGL	SDVY
Financial Services	31.0%	33.3%
Industrials	15.2%	29.3%
Utilities	13.7%	0.6%
Consumer Cyclical	10.7%	8.6%
Basic Materials	9.2%	4.6%
Real Estate	7.8%	0.6%
Healthcare	4.6%	3.4%
Energy	3.1%	2.9%
Consumer Defensive	2.8%	5.2%
Technology	1.9%	8.6%
Communication Services	-	2.3%

Return for Risk

REGL vs. SDVY — Risk / Return Rank

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

REGL

REGL Risk / Return Rank: 32
REGL Sharpe Ratio Rank: 32
REGL Sortino Ratio Rank: 34
REGL Omega Ratio Rank: 30
REGL Calmar Ratio Rank: 32
REGL Martin Ratio Rank: 33

SDVY

SDVY Risk / Return Rank: 51
SDVY Sharpe Ratio Rank: 48
SDVY Sortino Ratio Rank: 52
SDVY Omega Ratio Rank: 46
SDVY Calmar Ratio Rank: 56
SDVY Martin Ratio Rank: 55

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. SDVY - 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 First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). 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.

	REGL	SDVY	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.62	-0.49
Sortino ratio: Return per unit of downside risk	1.74	2.46	-0.72
Omega ratio: Gain probability vs. loss probability	1.20	1.29	-0.09
Calmar ratio: Return relative to maximum drawdown	1.55	2.68	-1.13
Martin ratio: Return relative to average drawdown	4.81	9.21	-4.39

REGL vs. SDVY - Sharpe Ratio Comparison

The current REGL Sharpe Ratio is 1.13, which is lower than the SDVY Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of REGL and SDVY, 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

REGL vs. SDVY - Drawdown Comparison

The maximum REGL drawdown since its inception was -36.37%, smaller than the maximum SDVY drawdown of -44.70%. Use the drawdown chart below to compare losses from any high point for REGL and SDVY.

Drawdown Indicators

	REGL	SDVY	Difference
Max Drawdown Largest peak-to-trough decline	-36.37%	-44.70%	+8.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-9.28%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-25.92%	+8.96%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-25.92%	+8.96%
Max Drawdown (10Y) Largest decline over 10 years	-36.37%	—	—
Current Drawdown Current decline from peak	-2.46%	-0.31%	-2.15%
Average Drawdown Average peak-to-trough decline	-4.08%	-7.67%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.70%	+0.40%

Volatility

REGL vs. SDVY - Volatility Comparison

ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) have volatilities of 3.55% and 3.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REGL	SDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.71%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	10.94%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	15.40%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	20.96%	-4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	24.77%	-6.43%

REGL vs. SDVY - Expense Ratio Comparison

REGL has a 0.40% expense ratio, which is lower than SDVY's 0.60% expense ratio.

Dividends

REGL vs. SDVY - Dividend Comparison

REGL's dividend yield for the trailing twelve months is around 2.16%, more than SDVY's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	2.16%	2.32%	2.28%	2.40%	2.32%	2.50%	2.41%	1.96%	2.09%	1.63%	1.20%	1.66%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	1.17%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REGL and SDVY in my portfolio?

REGL and SDVY have a correlation of 0.87, 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 SDVY?

SDVY has higher volatility (3.71%) compared to REGL (3.55%). In terms of maximum drawdown, REGL dropped -36.37% vs SDVY's -44.70%.

Which ETF is better, REGL or SDVY?

On 5-year performance, SDVY leads with 10.04% vs 7.47% for REGL. On fees, REGL is cheaper at 0.40% per year. On volatility, REGL has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REGL or SDVY?

Over the 5-year period, SDVY has performed better with a 10.04% return vs 7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REGL or SDVY?

REGL is cheaper with a 0.40% expense ratio, compared with 0.60% for SDVY.

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

REGL has the higher dividend yield at 2.16%, compared with 1.17% for SDVY.

What is the main difference between REGL and SDVY?

REGL is categorized as Mid Cap Value Equities, while SDVY is Small Cap Blend Equities. REGL tracks S&P MidCap 400 Dividend Aristocrats Index, while SDVY tracks NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.40% for REGL and 0.60% for SDVY.

Which has better risk-adjusted returns?

SDVY currently has the higher Sharpe Ratio (1.62 vs 1.13), 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.