SDIV vs. GBDV.L

Last updated Jun 5, 2026

SDIV (Global X SuperDividend ETF) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both Global Equities funds - SDIV tracks the Solactive Global SuperDividend Index while GBDV.L tracks the S&P Global Dividend Aristocrats index. Both are passively managed. Over the past 10 years, SDIV returned -0.02%/yr vs 7.20%/yr for GBDV.L. A 0.63 correlation means they provide meaningful diversification when combined. SDIV charges 0.58%/yr vs 0.45%/yr for GBDV.L.

Performance

SDIV vs. GBDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X SuperDividend ETF (SDIV) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SDIV is traded in USD, while GBDV.L is traded in GBP. To make them comparable, the GBDV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SDIV having a 7.01% return and GBDV.L slightly lower at 6.77%. Over the past 10 years, SDIV has underperformed GBDV.L with an annualized return of -0.02%, while GBDV.L has yielded a comparatively higher 7.20% annualized return.

SDIV

• 1D: 0.98%
• 1M: -4.19%
• YTD: 7.01%
• 6M: 6.92%
• 1Y: 25.89%
• 3Y*: 16.32%
• 5Y*: -0.65%
• 10Y*: -0.02%

GBDV.L

• 1D: 0.61%
• 1M: -0.13%
• YTD: 6.77%
• 6M: 8.18%
• 1Y: 18.09%
• 3Y*: 15.38%
• 5Y*: 6.30%
• 10Y*: 7.20%

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

SDIV vs. GBDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDIV Global X SuperDividend ETF	7.01%	29.12%	1.77%	5.46%	-26.43%	3.76%	-20.89%	13.04%	-15.07%	11.95%
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS	6.77%	18.36%	7.94%	7.28%	-5.88%	16.35%	-8.98%	21.54%	-8.15%	19.70%

Correlation

The correlation between SDIV and GBDV.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 25, 2013	0.63

The correlation between SDIV and GBDV.L shifts across timeframes, from 0.52 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

SDIV vs. GBDV.L - Sectors Allocation Comparison

Sectors	SDIV	GBDV.L
Real Estate	36.2%	12.1%
Energy	18.4%	7.3%
Industrials	14.3%	11.5%
Financial Services	8.9%	24.9%
Communication Services	6.1%	9.5%
Consumer Cyclical	5.5%	2.4%
Consumer Defensive	3.7%	8.0%
Basic Materials	2.8%	2.0%
Technology	1.6%	2.2%
Healthcare	1.4%	4.2%
Utilities	1.1%	15.9%

Return for Risk

SDIV vs. GBDV.L — Risk / Return Rank

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

SDIV

SDIV Risk / Return Rank: 65
SDIV Sharpe Ratio Rank: 63
SDIV Sortino Ratio Rank: 61
SDIV Omega Ratio Rank: 61
SDIV Calmar Ratio Rank: 72
SDIV Martin Ratio Rank: 69

GBDV.L

GBDV.L Risk / Return Rank: 65
GBDV.L Sharpe Ratio Rank: 67
GBDV.L Sortino Ratio Rank: 68
GBDV.L Omega Ratio Rank: 67
GBDV.L Calmar Ratio Rank: 65
GBDV.L Martin Ratio Rank: 57

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. GBDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend ETF (SDIV) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). 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	GBDV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.83	+0.26
Sortino ratio: Return per unit of downside risk	2.81	2.67	+0.14
Omega ratio: Gain probability vs. loss probability	1.36	1.33	+0.04
Calmar ratio: Return relative to maximum drawdown	3.54	2.40	+1.14
Martin ratio: Return relative to average drawdown	12.69	7.39	+5.30
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. GBDV.L - Sharpe Ratio Comparison

The current SDIV Sharpe Ratio is 2.08, which is comparable to the GBDV.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of SDIV and GBDV.L, 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	GBDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.83	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.45	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	0.46	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.51	-0.45

Drawdowns

SDIV vs. GBDV.L - Drawdown Comparison

The maximum SDIV drawdown since its inception was -56.90%, which is greater than GBDV.L's maximum drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for SDIV and GBDV.L.

Drawdown Indicators

	SDIV	GBDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-41.93%	-14.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-7.52%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-12.05%	-6.59%
Max Drawdown (5Y) Largest decline over 5 years	-41.94%	-20.80%	-21.14%
Max Drawdown (10Y) Largest decline over 10 years	-56.90%	-41.93%	-14.97%
Current Drawdown Current decline from peak	-16.97%	-2.58%	-14.39%
Average Drawdown Average peak-to-trough decline	-18.59%	-5.81%	-12.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.44%	-0.39%

Volatility

SDIV vs. GBDV.L - Volatility Comparison

Global X SuperDividend ETF (SDIV) has a higher volatility of 4.09% compared to SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) at 2.74%. This indicates that SDIV's price experiences larger fluctuations and is considered to be riskier than GBDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDIV	GBDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	2.74%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	6.93%	+2.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	9.87%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	13.90%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	15.80%	+3.17%

SDIV vs. GBDV.L - Expense Ratio Comparison

SDIV has a 0.58% expense ratio, which is higher than GBDV.L's 0.45% expense ratio.

Dividends

SDIV vs. GBDV.L - Dividend Comparison

SDIV's dividend yield for the trailing twelve months is around 9.14%, more than GBDV.L's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS	4.50%	4.91%	4.49%	4.87%	5.05%	4.26%	4.41%	4.41%	5.18%	4.26%	4.74%	5.72%
SDIV Global X SuperDividend ETF	9.14%	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 GBDV.L in my portfolio?

SDIV and GBDV.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDIV or GBDV.L?

On fees, GBDV.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDIV or GBDV.L?

GBDV.L is cheaper with a 0.45% expense ratio, compared with 0.58% for SDIV.

What is the main difference between SDIV and GBDV.L?

SDIV tracks Solactive Global SuperDividend Index, while GBDV.L tracks S&P Global Dividend Aristocrats index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.58% for SDIV and 0.45% for GBDV.L.