RLY vs. EDIV
RLY (State Street Multi-Asset Real Return ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both exchange-traded funds - RLY is a Hedge Fund fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index, while EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past 10 years, RLY returned 8.02%/yr vs 8.40%/yr for EDIV. A 0.63 correlation means they provide meaningful diversification when combined. RLY charges 0.50%/yr vs 0.49%/yr for EDIV.
Performance
RLY vs. EDIV - Performance Comparison
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Returns By Period
In the year-to-date period, RLY achieves a 13.94% return, which is significantly higher than EDIV's 9.11% return. Both investments have delivered pretty close results over the past 10 years, with RLY having a 8.02% annualized return and EDIV not far ahead at 8.40%.
RLY
- 1D
- -0.31%
- 1M
- 1.21%
- 6M
- 8.76%
- YTD
- 13.94%
- 1Y
- 24.26%
- 3Y*
- 12.31%
- 5Y*
- 10.60%
- 10Y*
- 8.02%
- ALL TIME*
- 4.68%
EDIV
- 1D
- -0.52%
- 1M
- 1.79%
- 6M
- 6.50%
- YTD
- 9.11%
- 1Y
- 13.09%
- 3Y*
- 16.35%
- 5Y*
- 12.20%
- 10Y*
- 8.40%
- ALL TIME*
- 3.21%
RLY vs. EDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 13.94% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 9.11% | 16.45% | 12.75% | 41.91% | -15.31% | 11.21% | -9.95% | 11.80% | -6.16% | 28.20% |
Correlation
The correlation between RLY and EDIV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.63 |
The correlation between RLY and EDIV shifts across timeframes, from 0.45 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RLY vs. EDIV — Risk / Return Rank
RLY
EDIV
RLY vs. EDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Multi-Asset Real Return ETF (RLY) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.
| RLY | EDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.27 | +1.96 |
| Martin ratioReturn relative to average drawdown | 11.48 | 3.70 | +7.78 |
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Drawdowns
RLY vs. EDIV - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.75%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for RLY and EDIV.
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Drawdown Indicators
| RLY | EDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -53.36% | +15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -10.36% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -13.84% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -28.32% | +9.38% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -40.76% | +6.59% |
Current DrawdownCurrent decline from peak | -4.28% | -1.64% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -19.23% | +9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.54% | -1.42% |
Volatility
RLY vs. EDIV - Volatility Comparison
The current volatility for State Street Multi-Asset Real Return ETF (RLY) is 2.91%, while SPDR S&P Emerging Markets Dividend ETF (EDIV) has a volatility of 3.83%. This indicates that RLY experiences smaller price fluctuations and is considered to be less risky than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLY | EDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.83% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 11.05% | -2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 12.80% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 13.94% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.79% | 17.30% | -3.51% |
RLY vs. EDIV - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is higher than EDIV's 0.49% expense ratio.
Dividends
RLY vs. EDIV - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 3.11%, less than EDIV's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDIV SPDR S&P Emerging Markets Dividend ETF | 4.16% | 4.69% | 3.94% | 4.26% | 4.94% | 3.84% | 3.52% | 3.83% | 3.41% | 2.99% | 4.94% | 5.33% |
RLY State Street Multi-Asset Real Return ETF | 3.11% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
RLY and EDIV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDIV has higher volatility (3.83%) compared to RLY (2.91%). In terms of maximum drawdown, RLY dropped -37.75% vs EDIV's -53.36%.
On 10-year performance, EDIV leads with 8.40% vs 8.02% for RLY. On fees, EDIV is cheaper at 0.49% per year. On volatility, RLY has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDIV has performed better with a 8.40% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDIV is cheaper with a 0.49% expense ratio, compared with 0.50% for RLY.
EDIV has the higher dividend yield at 4.16%, compared with 3.11% for RLY.
RLY is categorized as Hedge Fund, while EDIV is Emerging Markets Equities. RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. Their fees differ too: 0.50% for RLY and 0.49% for EDIV.
RLY currently has the higher Sharpe Ratio (2.31 vs 1.03), 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.
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