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SDOG vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SDOG vs. IWX

Last updated Aug 2, 2026
Documentation

SDOG (ALPS Sector Dividend Dogs ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds - SDOG tracks the S-Network Sector Dividend Dogs Index while IWX tracks the Russell Top 200 Value Index. Both are passively managed. Over the past 10 years, SDOG returned 9.82%/yr vs 12.13%/yr for IWX. Their correlation of 0.87 means they have usually moved in the same direction. SDOG charges 0.36%/yr vs 0.20%/yr for IWX.

Performance

SDOG vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Sector Dividend Dogs ETF (SDOG) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with SDOG having a 20.66% return and IWX slightly higher at 20.90%. Over the past 10 years, SDOG has underperformed IWX with an annualized return of 9.82%, while IWX has yielded a comparatively higher 12.13% annualized return.

SDOG

1D
-0.43%
1M
2.84%
6M
14.17%
YTD
20.66%
1Y
31.23%
3Y*
16.12%
5Y*
10.90%
10Y*
9.82%
ALL TIME*
11.77%

IWX

1D
0.74%
1M
2.59%
6M
15.57%
YTD
20.90%
1Y
34.92%
3Y*
18.98%
5Y*
12.65%
10Y*
12.13%
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

IWX

iShares Russell Top 200 Value ETF
$55.11M$49.72M$33.93M

SDOG

ALPS Sector Dividend Dogs ETF
$2.77M$3.32M$3.60M

SDOG vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SDOG
ALPS Sector Dividend Dogs ETF		20.66%11.12%14.70%4.19%-0.20%24.59%-0.35%24.02%-11.43%12.65%
IWX
iShares Russell Top 200 Value ETF		20.90%18.23%14.89%10.45%-5.33%23.33%1.46%25.82%-6.53%14.05%

Correlation

The correlation between SDOG and IWX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.70

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

0.83

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

0.87

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

0.87

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2012

0.87

The correlation between SDOG and IWX shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

SDOG vs. IWX - Sectors Allocation Comparison

Sectors
SDOG
IWX

Consumer Cyclical

16.8%
11.6%

Technology

11.2%
22.6%

Healthcare

10.5%
13.6%

Utilities

10.5%
2.6%

Financial Services

10.3%
20.0%

Consumer Defensive

10.2%
8.2%

Energy

9.6%
5.1%

Communication Services

9.4%
3.5%

Industrials

8.3%
8.3%

Basic Materials

3.3%
2.8%

Real Estate

-

1.8%

Consumer Cyclical

SDOG
16.8%
IWX
11.6%

Technology

SDOG
11.2%
IWX
22.6%

Healthcare

SDOG
10.5%
IWX
13.6%

Utilities

SDOG
10.5%
IWX
2.6%

Financial Services

SDOG
10.3%
IWX
20.0%

Consumer Defensive

SDOG
10.2%
IWX
8.2%

Energy

SDOG
9.6%
IWX
5.1%

Communication Services

SDOG
9.4%
IWX
3.5%

Industrials

SDOG
8.3%
IWX
8.3%

Basic Materials

SDOG
3.3%
IWX
2.8%

Real Estate

SDOG

-

IWX
1.8%

Compare stocks, funds, or ETFs

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

ALPS Sector Dividend Dogs ETF

iShares Russell Top 200 Value ETF

Often compared with SDOG:
SDOG vs. SCHDSDOG vs. SPYSDOG vs. CDLSDOG vs. SDYSDOG vs. VOOSDOG vs. EIPIXSDOG vs. DIVO
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

SDOG vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SDOG
SDOG Risk / Return Rank: 9494
Overall Rank
SDOG Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
SDOG Sortino Ratio Rank: 9595
Sortino Ratio Rank
SDOG Omega Ratio Rank: 9292
Omega Ratio Rank
SDOG Calmar Ratio Rank: 9494
Calmar Ratio Rank
SDOG Martin Ratio Rank: 9393
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9595
Overall Rank
IWX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
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.

SDOG vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Sector Dividend Dogs ETF (SDOG) and iShares Russell Top 200 Value ETF (IWX). 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.

SDOGIWXDifference
Sharpe ratioReturn per unit of total volatility
2.62
3.10

-0.48

Sortino ratioReturn per unit of downside risk
3.95
4.28

-0.33

Omega ratioGain probability vs. loss probability

1.46

1.55

-0.10

Calmar ratioReturn relative to maximum drawdown

4.85

5.05

-0.20

Martin ratioReturn relative to average drawdown

16.71

22.22

-5.50

SDOG vs. IWX - Sharpe Ratio Comparison

The current SDOG Sharpe Ratio is 2.62, which is comparable to the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of SDOG and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SDOG vs. IWX - Drawdown Comparison

The maximum SDOG drawdown since its inception was -43.56%, which is greater than IWX's maximum drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for SDOG and IWX.

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Drawdown Indicators

SDOGIWXDifference

Max Drawdown

Largest peak-to-trough decline

-43.56%

-35.76%

-7.80%

Max Drawdown (1Y)

Largest decline over 1 year

-6.24%

-6.59%

+0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-13.37%

-2.63%

Max Drawdown (5Y)

Largest decline over 5 years

-19.84%

-18.13%

-1.71%

Max Drawdown (10Y)

Largest decline over 10 years

-43.56%

-35.76%

-7.80%

Current Drawdown

Current decline from peak

-2.22%

0.00%

-2.22%

Average Drawdown

Average peak-to-trough decline

-4.87%

-3.79%

-1.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

1.50%

+0.31%

Volatility

SDOG vs. IWX - Volatility Comparison

ALPS Sector Dividend Dogs ETF (SDOG) has a higher volatility of 4.12% compared to iShares Russell Top 200 Value ETF (IWX) at 3.10%. This indicates that SDOG's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SDOGIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.12%

3.10%

+1.02%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

8.46%

-0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

11.59%

10.81%

+0.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.35%

13.89%

+1.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.98%

16.48%

+2.50%

SDOG vs. IWX - Expense Ratio Comparison

SDOG has a 0.36% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

SDOG vs. IWX - Dividend Comparison

SDOG's dividend yield for the trailing twelve months is around 3.33%, more than IWX's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
IWX
iShares Russell Top 200 Value ETF		1.39%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%
SDOG
ALPS Sector Dividend Dogs ETF		3.33%3.68%3.86%4.29%3.87%3.62%3.63%3.37%4.03%3.27%3.32%3.61%

Frequently Asked Questions

SDOG and IWX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SDOG has higher volatility (4.12%) compared to IWX (3.10%). In terms of maximum drawdown, SDOG dropped -43.56% vs IWX's -35.76%.

On 10-year performance, IWX leads with 12.13% vs 9.82% for SDOG. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWX has performed better with a 12.13% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.36% for SDOG.

SDOG has the higher dividend yield at 3.33%, compared with 1.39% for IWX.

SDOG tracks S-Network Sector Dividend Dogs Index, while IWX tracks Russell Top 200 Value Index. They also come from different issuers: SS&C and iShares. Their fees differ too: 0.36% for SDOG and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.10 vs 2.62), 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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