SDVD vs. DHSB

Last updated Jun 4, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and DHSB (Day Hagan Smart Buffer ETF) are both Derivative Income funds. SDVD is passively managed, while DHSB is actively managed. Over the past year, SDVD returned 19.64% vs 9.84% for DHSB. A 0.61 correlation means they provide meaningful diversification when combined. SDVD charges 0.85%/yr vs 0.68%/yr for DHSB.

Performance

SDVD vs. DHSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) and Day Hagan Smart Buffer ETF (DHSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDVD achieves a 7.75% return, which is significantly higher than DHSB's 4.21% return.

SDVD

• 1D: -0.22%
• 1M: -1.53%
• YTD: 7.75%
• 6M: 8.14%
• 1Y: 19.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DHSB

• 1D: -0.01%
• 1M: 1.26%
• YTD: 4.21%
• 6M: 5.04%
• 1Y: 9.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDVD vs. DHSB - Yearly Performance Comparison

	2026 (YTD)	2025
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	7.75%	5.24%
DHSB Day Hagan Smart Buffer ETF	4.21%	4.80%

Correlation

The correlation between SDVD and DHSB is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.61

The correlation between SDVD and DHSB has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.

Return for Risk

SDVD vs. DHSB — Risk / Return Rank

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

SDVD

SDVD Risk / Return Rank: 43
SDVD Sharpe Ratio Rank: 39
SDVD Sortino Ratio Rank: 43
SDVD Omega Ratio Rank: 38
SDVD Calmar Ratio Rank: 47
SDVD Martin Ratio Rank: 47

DHSB

DHSB Risk / Return Rank: 63
DHSB Sharpe Ratio Rank: 51
DHSB Sortino Ratio Rank: 55
DHSB Omega Ratio Rank: 69
DHSB Calmar Ratio Rank: 61
DHSB Martin Ratio Rank: 80

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.

SDVD vs. DHSB - 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 Day Hagan Smart Buffer ETF (DHSB). 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.

	SDVD	DHSB	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.74	-0.35
Sortino ratio: Return per unit of downside risk	2.13	2.62	-0.49
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	2.25	2.98	-0.73
Martin ratio: Return relative to average drawdown	7.65	15.55	-7.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDVD vs. DHSB - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.38, which is comparable to the DHSB Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of SDVD and DHSB, 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

	SDVD	DHSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.74	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.82	-0.05

Drawdowns

SDVD vs. DHSB - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, which is greater than DHSB's maximum drawdown of -7.65%. Use the drawdown chart below to compare losses from any high point for SDVD and DHSB.

Drawdown Indicators

	SDVD	DHSB	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-7.65%	-16.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-3.32%	-5.44%
Current Drawdown Current decline from peak	-3.31%	-0.37%	-2.94%
Average Drawdown Average peak-to-trough decline	-4.86%	-0.88%	-3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	0.63%	+1.94%

Volatility

SDVD vs. DHSB - Volatility Comparison

FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) and Day Hagan Smart Buffer ETF (DHSB) have volatilities of 3.78% and 3.65%, 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.

Volatility by Period

	SDVD	DHSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.65%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	5.20%	+5.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	5.70%	+8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	8.63%	+9.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	8.63%	+9.56%

SDVD vs. DHSB - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is higher than DHSB's 0.68% expense ratio.

Dividends

SDVD vs. DHSB - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.95%, more than DHSB's 1.20% yield.

Position	TTM	2025	2024	2023
DHSB Day Hagan Smart Buffer ETF	1.20%	1.25%	0.00%	0.00%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.95%	8.36%	9.26%	3.18%

Frequently Asked Questions

Can I hold both SDVD and DHSB in my portfolio?

SDVD and DHSB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVD or DHSB?

SDVD has higher volatility (3.78%) compared to DHSB (3.65%). In terms of maximum drawdown, SDVD dropped -24.17% vs DHSB's -7.65%.

Which ETF is better, SDVD or DHSB?

On 1-year performance, SDVD leads with 19.64% vs 9.84% for DHSB. On fees, DHSB is cheaper at 0.68% per year. On volatility, DHSB has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or DHSB?

Over the 1-year period, SDVD has performed better with a 19.64% return vs 9.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or DHSB?

DHSB is cheaper with a 0.68% expense ratio, compared with 0.85% for SDVD.

Which ETF pays a higher dividend yield, SDVD or DHSB?

SDVD has the higher dividend yield at 8.95%, compared with 1.20% for DHSB.

What is the main difference between SDVD and DHSB?

They also come from different issuers: First Trust and Day Hagan. Their fees differ too: 0.85% for SDVD and 0.68% for DHSB.

Which has better risk-adjusted returns?

DHSB currently has the higher Sharpe Ratio (1.74 vs 1.38), 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.