SDEM vs. ALTY
SDEM (Global X MSCI SuperDividend Emerging Markets ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - SDEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Top 50 Dividend, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 10 years, SDEM returned 5.02%/yr vs 6.15%/yr for ALTY. At a 0.46 correlation, their price movements are largely independent. SDEM charges 0.67%/yr vs 0.50%/yr for ALTY.
Performance
SDEM vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, SDEM achieves a 9.57% return, which is significantly higher than ALTY's 6.45% return. Over the past 10 years, SDEM has underperformed ALTY with an annualized return of 5.02%, while ALTY has yielded a comparatively higher 6.15% annualized return.
SDEM
- 1D
- -1.22%
- 1M
- -0.72%
- YTD
- 9.57%
- 6M
- 10.76%
- 1Y
- 27.19%
- 3Y*
- 19.29%
- 5Y*
- 4.56%
- 10Y*
- 5.02%
ALTY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 6.45%
- 6M
- 6.36%
- 1Y
- 14.94%
- 3Y*
- 11.73%
- 5Y*
- 5.49%
- 10Y*
- 6.15%
SDEM vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDEM Global X MSCI SuperDividend Emerging Markets ETF | 9.57% | 32.01% | 4.02% | 12.64% | -21.53% | 2.11% | -11.13% | 17.56% | -17.40% | 16.57% |
ALTY Global X Alternative Income ETF | 6.45% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between SDEM and ALTY is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.46 |
The correlation between SDEM and ALTY shifts across timeframes, from 0.46 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDEM vs. ALTY — Risk / Return Rank
SDEM
ALTY
SDEM vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and Global X Alternative Income ETF (ALTY). 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.
| SDEM | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.50 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.46 | -0.43 |
| Martin ratioReturn relative to average drawdown | 9.75 | 15.92 | -6.17 |
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Drawdowns
SDEM vs. ALTY - Drawdown Comparison
The maximum SDEM drawdown since its inception was -47.38%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for SDEM and ALTY.
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Drawdown Indicators
| SDEM | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.38% | -51.47% | +4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -4.34% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -10.08% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -18.48% | -17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -47.38% | -51.47% | +4.09% |
Current DrawdownCurrent decline from peak | -4.88% | -0.32% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -6.71% | -13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 0.94% | +1.86% |
Volatility
SDEM vs. ALTY - Volatility Comparison
Global X MSCI SuperDividend Emerging Markets ETF (SDEM) has a higher volatility of 4.49% compared to Global X Alternative Income ETF (ALTY) at 1.56%. This indicates that SDEM's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDEM | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 1.56% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 4.54% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 5.90% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 10.57% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 16.55% | +2.59% |
SDEM vs. ALTY - Expense Ratio Comparison
SDEM has a 0.67% expense ratio, which is higher than ALTY's 0.50% expense ratio.
Dividends
SDEM vs. ALTY - Dividend Comparison
SDEM's dividend yield for the trailing twelve months is around 5.06%, less than ALTY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.46% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
SDEM Global X MSCI SuperDividend Emerging Markets ETF | 5.06% | 5.27% | 7.28% | 7.50% | 8.86% | 8.14% | 6.30% | 6.47% | 6.55% | 5.01% | 5.06% | 6.14% |
Frequently Asked Questions
SDEM and ALTY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDEM has higher volatility (4.49%) compared to ALTY (1.56%). In terms of maximum drawdown, SDEM dropped -47.38% vs ALTY's -51.47%.
On 10-year performance, ALTY leads with 6.15% vs 5.02% for SDEM. On fees, ALTY is cheaper at 0.50% per year. On volatility, ALTY has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ALTY has performed better with a 6.15% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ALTY is cheaper with a 0.50% expense ratio, compared with 0.67% for SDEM.
ALTY has the higher dividend yield at 7.46%, compared with 5.06% for SDEM.
SDEM is categorized as Emerging Markets Equities, while ALTY is Global Allocation. SDEM tracks MSCI Emerging Markets Top 50 Dividend, while ALTY tracks Indxx SuperDividend Alternatives Index. Their fees differ too: 0.67% for SDEM and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.55 vs 1.96), 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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