SDVD vs. AIRR
SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - SDVD is a Derivative Income fund tracking the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. Both are passively managed. Over the past year, SDVD returned 26.60% vs 38.88% for AIRR. Their 0.79 correlation means they have sometimes moved together and sometimes differently. SDVD charges 0.85%/yr vs 0.69%/yr for AIRR.
Performance
SDVD vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, SDVD achieves a 18.18% return, which is significantly lower than AIRR's 24.22% return.
SDVD
- 1D
- 1.14%
- 1M
- 4.32%
- 6M
- 10.56%
- YTD
- 18.18%
- 1Y
- 26.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.11%
AIRR
- 1D
- -0.49%
- 1M
- -3.87%
- 6M
- 7.53%
- YTD
- 24.22%
- 1Y
- 38.88%
- 3Y*
- 31.68%
- 5Y*
- 24.17%
- 10Y*
- 20.35%
- ALL TIME*
- 15.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.35M | $87.77M | $90.71M | |
| $10.98M | $7.44M | $4.88M |
SDVD vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 18.18% | 8.66% | 11.82% | 8.76% |
AIRR First Trust RBA American Industrial Renaissance ETF | 24.22% | 27.92% | 33.45% | 5.92% |
Correlation
The correlation between SDVD and AIRR is 0.66, 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. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023 | 0.79 |
The correlation between SDVD and AIRR shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDVD vs. AIRR — Risk / Return Rank
SDVD
AIRR
SDVD vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
| SDVD | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.27 | +0.78 |
| Martin ratioReturn relative to average drawdown | 10.28 | 8.52 | +1.75 |
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Drawdowns
SDVD vs. AIRR - Drawdown Comparison
The maximum SDVD drawdown since its inception was -24.17%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for SDVD and AIRR.
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Drawdown Indicators
| SDVD | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -42.37% | +18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -17.18% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.40% | +8.40% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -7.47% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 4.57% | -1.98% |
Volatility
SDVD vs. AIRR - Volatility Comparison
The current volatility for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is 4.72%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 9.94%. This indicates that SDVD experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDVD | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 9.94% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.47% | 22.27% | -11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 28.13% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 25.74% | -7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 26.49% | -8.51% |
SDVD vs. AIRR - Expense Ratio Comparison
SDVD has a 0.85% expense ratio, which is higher than AIRR's 0.69% expense ratio.
Dividends
SDVD vs. AIRR - Dividend Comparison
SDVD's dividend yield for the trailing twelve months is around 8.37%, more than AIRR's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.09% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 8.37% | 8.36% | 9.26% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDVD and AIRR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIRR has higher volatility (9.94%) compared to SDVD (4.72%). In terms of maximum drawdown, SDVD dropped -24.17% vs AIRR's -42.37%.
On 1-year performance, AIRR leads with 38.88% vs 26.60% for SDVD. On fees, AIRR is cheaper at 0.69% per year. On volatility, SDVD has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIRR has performed better with a 38.88% return vs 26.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIRR is cheaper with a 0.69% expense ratio, compared with 0.85% for SDVD.
SDVD has the higher dividend yield at 8.37%, compared with 0.09% for AIRR.
SDVD is categorized as Derivative Income, while AIRR is Building & Construction. SDVD tracks Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index. Their fees differ too: 0.85% for SDVD and 0.69% for AIRR.
SDVD currently has the higher Sharpe Ratio (1.86 vs 1.39), 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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