SDIV vs. FEZ

Last updated Jun 4, 2026

SDIV (Global X SuperDividend ETF) and FEZ (SPDR EURO STOXX 50 ETF) are both exchange-traded funds - SDIV is a Global Equities fund tracking the Solactive Global SuperDividend Index, while FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index. Both are passively managed. Over the past 10 years, SDIV returned -0.07%/yr vs 10.28%/yr for FEZ. A 0.74 correlation means they provide meaningful diversification when combined. SDIV charges 0.58%/yr vs 0.29%/yr for FEZ.

Performance

SDIV vs. FEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X SuperDividend ETF (SDIV) and SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDIV achieves a 5.97% return, which is significantly higher than FEZ's 5.18% return. Over the past 10 years, SDIV has underperformed FEZ with an annualized return of -0.07%, while FEZ has yielded a comparatively higher 10.28% annualized return.

SDIV

• 1D: -2.00%
• 1M: -3.86%
• YTD: 5.97%
• 6M: 6.19%
• 1Y: 25.09%
• 3Y*: 15.75%
• 5Y*: -0.84%
• 10Y*: -0.07%

FEZ

• 1D: -1.26%
• 1M: 5.21%
• YTD: 5.18%
• 6M: 6.87%
• 1Y: 16.91%
• 3Y*: 17.72%
• 5Y*: 9.90%
• 10Y*: 10.28%

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

SDIV vs. FEZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDIV Global X SuperDividend ETF	5.97%	29.12%	1.77%	5.46%	-26.43%	3.76%	-20.89%	13.04%	-15.07%	11.95%
FEZ SPDR EURO STOXX 50 ETF	5.18%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%

Correlation

The correlation between SDIV and FEZ is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 10, 2011	0.74

The correlation between SDIV and FEZ has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

SDIV vs. FEZ - Sectors Allocation Comparison

Sectors	SDIV	FEZ
Real Estate	36.2%	-
Energy	18.4%	5.0%
Industrials	14.3%	20.1%
Financial Services	8.9%	23.4%
Communication Services	6.1%	3.5%
Consumer Cyclical	5.5%	8.6%
Consumer Defensive	3.7%	5.4%
Basic Materials	2.8%	3.5%
Technology	1.6%	17.9%
Healthcare	1.4%	5.2%
Utilities	1.1%	4.6%

Return for Risk

SDIV vs. FEZ — Risk / Return Rank

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

SDIV

SDIV Risk / Return Rank: 61
SDIV Sharpe Ratio Rank: 58
SDIV Sortino Ratio Rank: 56
SDIV Omega Ratio Rank: 56
SDIV Calmar Ratio Rank: 68
SDIV Martin Ratio Rank: 66

FEZ

FEZ Risk / Return Rank: 26
FEZ Sharpe Ratio Rank: 26
FEZ Sortino Ratio Rank: 26
FEZ Omega Ratio Rank: 25
FEZ Calmar Ratio Rank: 26
FEZ Martin Ratio Rank: 29

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.

SDIV vs. FEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend ETF (SDIV) and SPDR EURO STOXX 50 ETF (FEZ). 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.

	SDIV	FEZ	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.95	+1.07
Sortino ratio: Return per unit of downside risk	2.73	1.43	+1.30
Omega ratio: Gain probability vs. loss probability	1.35	1.17	+0.18
Calmar ratio: Return relative to maximum drawdown	3.43	1.25	+2.18
Martin ratio: Return relative to average drawdown	12.41	4.25	+8.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDIV vs. FEZ - Sharpe Ratio Comparison

The current SDIV Sharpe Ratio is 2.02, which is higher than the FEZ Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of SDIV and FEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDIV	FEZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.95	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.48	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	0.49	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.30	-0.24

Drawdowns

SDIV vs. FEZ - Drawdown Comparison

The maximum SDIV drawdown since its inception was -56.90%, smaller than the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for SDIV and FEZ.

Drawdown Indicators

	SDIV	FEZ	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-64.21%	+7.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-13.63%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-15.85%	-2.79%
Max Drawdown (5Y) Largest decline over 5 years	-41.94%	-35.05%	-6.89%
Max Drawdown (10Y) Largest decline over 10 years	-56.90%	-39.69%	-17.21%
Current Drawdown Current decline from peak	-17.77%	-2.33%	-15.44%
Average Drawdown Average peak-to-trough decline	-18.59%	-17.07%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	3.99%	-1.96%

Volatility

SDIV vs. FEZ - Volatility Comparison

The current volatility for Global X SuperDividend ETF (SDIV) is 4.21%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 6.72%. This indicates that SDIV experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDIV	FEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	6.72%	-2.51%
Volatility (6M) Calculated over the trailing 6-month period	9.64%	14.85%	-5.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	17.91%	-5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	20.61%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	21.11%	-2.14%

SDIV vs. FEZ - Expense Ratio Comparison

SDIV has a 0.58% expense ratio, which is higher than FEZ's 0.29% expense ratio.

Dividends

SDIV vs. FEZ - Dividend Comparison

SDIV's dividend yield for the trailing twelve months is around 10.02%, more than FEZ's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEZ SPDR EURO STOXX 50 ETF	2.57%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
SDIV Global X SuperDividend ETF	10.02%	9.59%	11.33%	11.73%	14.17%	8.95%	7.96%	8.73%	9.22%	6.66%	6.95%	7.33%

Frequently Asked Questions

Can I hold both SDIV and FEZ in my portfolio?

SDIV and FEZ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDIV or FEZ?

FEZ has higher volatility (6.72%) compared to SDIV (4.21%). In terms of maximum drawdown, SDIV dropped -56.90% vs FEZ's -64.21%.

Which ETF is better, SDIV or FEZ?

On 10-year performance, FEZ leads with 10.28% vs -0.07% for SDIV. On fees, FEZ is cheaper at 0.29% per year. On volatility, SDIV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDIV or FEZ?

Over the 10-year period, FEZ has performed better with a 10.28% return vs -0.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDIV or FEZ?

FEZ is cheaper with a 0.29% expense ratio, compared with 0.58% for SDIV.

Which ETF pays a higher dividend yield, SDIV or FEZ?

SDIV has the higher dividend yield at 10.02%, compared with 2.57% for FEZ.

What is the main difference between SDIV and FEZ?

SDIV is categorized as Global Equities, while FEZ is Europe Equities. SDIV tracks Solactive Global SuperDividend Index, while FEZ tracks EURO STOXX 50 Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.58% for SDIV and 0.29% for FEZ.

Which has better risk-adjusted returns?

SDIV currently has the higher Sharpe Ratio (2.02 vs 0.95), 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.