PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SDEM vs. DVYE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SDEM vs. DVYE

Last updated Aug 2, 2026
Documentation

SDEM (Global X MSCI SuperDividend Emerging Markets ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - SDEM tracks the MSCI Emerging Markets Top 50 Dividend while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index (Net). Both are passively managed. Over the past 10 years, SDEM returned 4.40%/yr vs 6.87%/yr for DVYE. Their correlation of 0.85 means they have usually moved in the same direction. SDEM charges 0.67%/yr vs 0.50%/yr for DVYE.

Performance

SDEM vs. DVYE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and iShares Emerging Markets Dividend ETF (DVYE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SDEM achieves a 13.99% return, which is significantly higher than DVYE's 12.15% return. Over the past 10 years, SDEM has underperformed DVYE with an annualized return of 4.40%, while DVYE has yielded a comparatively higher 6.87% annualized return.

SDEM

1D
-0.42%
1M
4.50%
6M
5.07%
YTD
13.99%
1Y
28.41%
3Y*
18.54%
5Y*
6.12%
10Y*
4.40%
ALL TIME*
3.94%

DVYE

1D
-0.09%
1M
6.53%
6M
2.99%
YTD
12.15%
1Y
26.57%
3Y*
19.85%
5Y*
6.22%
10Y*
6.87%
ALL TIME*
3.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVYE

iShares Emerging Markets Dividend ETF
$4.40M$5.47M$6.59M

SDEM

Global X MSCI SuperDividend Emerging Markets ETF
$101.46K$99.85K$114.98K

SDEM vs. DVYE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SDEM
Global X MSCI SuperDividend Emerging Markets ETF		13.99%32.01%4.02%12.64%-21.53%2.11%-11.13%17.56%-17.40%16.57%
DVYE
iShares Emerging Markets Dividend ETF		12.15%28.36%8.89%20.88%-31.38%11.02%-2.51%15.41%-5.56%27.04%

Correlation

The correlation between SDEM and DVYE is 0.87, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.87

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (10Y)
Provides a long-term view across more market conditions.

0.87

Correlation (All Time)
Calculated using the full available price history since Mar 17, 2015

0.85

The correlation between SDEM and DVYE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

SDEM vs. DVYE - Sectors Allocation Comparison

Sectors
SDEM
DVYE

Financial Services

27.7%
31.4%

Industrials

10.2%
14.6%

Real Estate

7.7%
3.4%

Utilities

7.2%
6.4%

Consumer Cyclical

6.0%
4.0%

Communication Services

5.5%
1.8%

Consumer Defensive

5.4%
2.2%

Basic Materials

5.2%
8.3%

Energy

3.6%
16.2%

Technology

2.5%
8.0%

Healthcare

1.9%

-

Financial Services

SDEM
27.7%
DVYE
31.4%

Industrials

SDEM
10.2%
DVYE
14.6%

Real Estate

SDEM
7.7%
DVYE
3.4%

Utilities

SDEM
7.2%
DVYE
6.4%

Consumer Cyclical

SDEM
6.0%
DVYE
4.0%

Communication Services

SDEM
5.5%
DVYE
1.8%

Consumer Defensive

SDEM
5.4%
DVYE
2.2%

Basic Materials

SDEM
5.2%
DVYE
8.3%

Energy

SDEM
3.6%
DVYE
16.2%

Technology

SDEM
2.5%
DVYE
8.0%

Healthcare

SDEM
1.9%
DVYE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MSCI SuperDividend Emerging Markets ETF

iShares Emerging Markets Dividend ETF

Often compared with SDEM:
SDEM vs. SDIVSDEM vs. EFASSDEM vs. ALTYSDEM vs. DVYASDEM vs. SCHDSDEM vs. DGRWSDEM vs. SPY
Often compared with DVYE:
DVYE vs. DEMDVYE vs. DVYDVYE vs. DVYADVYE vs. SCHDDVYE vs. SCHEDVYE vs. IQDYDVYE vs. QQQ

Return for Risk

SDEM vs. DVYE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SDEM
SDEM Risk / Return Rank: 8383
Overall Rank
SDEM Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
SDEM Sortino Ratio Rank: 8686
Sortino Ratio Rank
SDEM Omega Ratio Rank: 8282
Omega Ratio Rank
SDEM Calmar Ratio Rank: 8585
Calmar Ratio Rank
SDEM Martin Ratio Rank: 7676
Martin Ratio Rank
DVYE
DVYE Risk / Return Rank: 7575
Overall Rank
DVYE Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
DVYE Sortino Ratio Rank: 7575
Sortino Ratio Rank
DVYE Omega Ratio Rank: 7676
Omega Ratio Rank
DVYE Calmar Ratio Rank: 8080
Calmar Ratio Rank
DVYE Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SDEM vs. DVYE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and iShares Emerging Markets Dividend ETF (DVYE). 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.

SDEMDVYEDifference
Sharpe ratioReturn per unit of total volatility
2.05
1.79

+0.26

Sortino ratioReturn per unit of downside risk
2.86
2.42

+0.44

Omega ratioGain probability vs. loss probability

1.35

1.32

+0.03

Calmar ratioReturn relative to maximum drawdown

3.23

2.87

+0.36

Martin ratioReturn relative to average drawdown

9.60

8.17

+1.43

SDEM vs. DVYE - Sharpe Ratio Comparison

The current SDEM Sharpe Ratio is 2.05, which is comparable to the DVYE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of SDEM and DVYE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

SDEM vs. DVYE - Drawdown Comparison

The maximum SDEM drawdown since its inception was -47.38%, roughly equal to the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for SDEM and DVYE.

Loading charts...

Drawdown Indicators

SDEMDVYEDifference

Max Drawdown

Largest peak-to-trough decline

-47.38%

-47.42%

+0.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.03%

-9.26%

+0.23%

Max Drawdown (3Y)

Largest decline over 3 years

-12.34%

-14.63%

+2.29%

Max Drawdown (5Y)

Largest decline over 5 years

-36.08%

-40.89%

+4.81%

Max Drawdown (10Y)

Largest decline over 10 years

-47.38%

-40.89%

-6.49%

Current Drawdown

Current decline from peak

-1.04%

-2.61%

+1.57%

Average Drawdown

Average peak-to-trough decline

-20.46%

-15.27%

-5.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

3.25%

-0.22%

Volatility

SDEM vs. DVYE - Volatility Comparison

Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and iShares Emerging Markets Dividend ETF (DVYE) have volatilities of 3.94% and 3.87%, 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.

Loading charts...

Volatility by Period

SDEMDVYEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

3.87%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

12.47%

-0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

14.28%

14.96%

-0.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.47%

17.11%

+0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.05%

18.28%

+0.77%

SDEM vs. DVYE - Expense Ratio Comparison

SDEM has a 0.67% expense ratio, which is higher than DVYE's 0.50% expense ratio.

Dividends

SDEM vs. DVYE - Dividend Comparison

SDEM's dividend yield for the trailing twelve months is around 4.91%, more than DVYE's 4.81% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYE
iShares Emerging Markets Dividend ETF		4.81%5.88%11.81%9.05%9.89%7.31%5.27%5.97%5.69%4.81%4.56%6.53%
SDEM
Global X MSCI SuperDividend Emerging Markets ETF		4.91%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 DVYE 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.

SDEM has higher volatility (3.94%) compared to DVYE (3.87%). In terms of maximum drawdown, SDEM dropped -47.38% vs DVYE's -47.42%.

On 10-year performance, DVYE leads with 6.87% vs 4.40% for SDEM. On fees, DVYE is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DVYE has performed better with a 6.87% return vs 4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DVYE is cheaper with a 0.50% expense ratio, compared with 0.67% for SDEM.

SDEM has the higher dividend yield at 4.91%, compared with 4.81% for DVYE.

SDEM tracks MSCI Emerging Markets Top 50 Dividend, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index (Net). They also come from different issuers: Global X and iShares. Their fees differ too: 0.67% for SDEM and 0.50% for DVYE.

SDEM currently has the higher Sharpe Ratio (2.05 vs 1.79), 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.

Portfolio Optimizer

Find the right allocation for SDEM and DVYE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer