RWR vs. SPYD
RWR (SPDR Dow Jones REIT ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - RWR is a REIT fund tracking the Dow Jones U.S. Select REIT Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 10 years, RWR returned 5.51%/yr vs 8.86%/yr for SPYD. A 0.73 correlation means they provide meaningful diversification when combined. RWR charges 0.25%/yr vs 0.07%/yr for SPYD.
Performance
RWR vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, RWR achieves a 16.14% return, which is significantly higher than SPYD's 12.56% return. Over the past 10 years, RWR has underperformed SPYD with an annualized return of 5.51%, while SPYD has yielded a comparatively higher 8.86% annualized return.
RWR
- 1D
- 1.31%
- 1M
- 1.96%
- YTD
- 16.14%
- 6M
- 16.59%
- 1Y
- 19.02%
- 3Y*
- 13.63%
- 5Y*
- 4.96%
- 10Y*
- 5.51%
SPYD
- 1D
- 0.93%
- 1M
- 1.01%
- YTD
- 12.56%
- 6M
- 12.79%
- 1Y
- 18.22%
- 3Y*
- 15.16%
- 5Y*
- 8.06%
- 10Y*
- 8.86%
RWR vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWR SPDR Dow Jones REIT ETF | 16.14% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -4.47% | 3.47% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 12.56% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
Correlation
The correlation between RWR and SPYD is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015 | 0.73 |
The correlation between RWR and SPYD has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
RWR vs. SPYD — Risk / Return Rank
RWR
SPYD
RWR vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones REIT ETF (RWR) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
| RWR | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.59 | -0.22 |
| Martin ratioReturn relative to average drawdown | 8.03 | 7.47 | +0.56 |
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Drawdowns
RWR vs. SPYD - Drawdown Comparison
The maximum RWR drawdown since its inception was -74.92%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for RWR and SPYD.
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Drawdown Indicators
| RWR | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.92% | -46.42% | -28.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -7.05% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -16.13% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.58% | -22.25% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -44.39% | -46.42% | +2.03% |
Current DrawdownCurrent decline from peak | -0.46% | -1.89% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -6.14% | -6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.44% | -0.06% |
Volatility
RWR vs. SPYD - Volatility Comparison
SPDR Dow Jones REIT ETF (RWR) has a higher volatility of 5.42% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.68%. This indicates that RWR's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWR | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.68% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 8.05% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 11.87% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 16.07% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.55% | 19.78% | +1.77% |
RWR vs. SPYD - Expense Ratio Comparison
RWR has a 0.25% expense ratio, which is higher than SPYD's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RWR vs. SPYD - Dividend Comparison
RWR's dividend yield for the trailing twelve months is around 3.36%, less than SPYD's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWR SPDR Dow Jones REIT ETF | 3.36% | 3.78% | 3.76% | 3.75% | 3.81% | 2.79% | 3.73% | 3.36% | 4.19% | 3.05% | 4.39% | 3.17% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.26% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
RWR and SPYD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWR has higher volatility (5.42%) compared to SPYD (3.68%). In terms of maximum drawdown, RWR dropped -74.92% vs SPYD's -46.42%.
On 10-year performance, SPYD leads with 8.86% vs 5.51% for RWR. On fees, SPYD is cheaper at 0.07% per year. On volatility, SPYD has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYD has performed better with a 8.86% return vs 5.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.25% for RWR.
SPYD has the higher dividend yield at 4.26%, compared with 3.36% for RWR.
RWR is categorized as REIT, while SPYD is S&P 500. RWR tracks Dow Jones U.S. Select REIT Index, while SPYD tracks S&P 500 High Dividend Index. Their fees differ too: 0.25% for RWR and 0.07% for SPYD.
SPYD currently has the higher Sharpe Ratio (1.54 vs 1.37), 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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