SDVD vs. PEPS

Last updated Jun 24, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. SDVD is passively managed, while PEPS is actively managed. Over the past year, SDVD returned 22.08% vs 26.19% for PEPS. A 0.68 correlation means they provide meaningful diversification when combined. SDVD charges 0.85%/yr vs 0.10%/yr for PEPS.

Performance

SDVD vs. PEPS - 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 Parametric Equity Plus ETF (PEPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDVD achieves a 10.33% return, which is significantly higher than PEPS's 7.86% return.

SDVD

• 1D: -0.13%
• 1M: 1.52%
• YTD: 10.33%
• 6M: 8.06%
• 1Y: 22.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PEPS

• 1D: -1.38%
• 1M: -0.55%
• YTD: 7.86%
• 6M: 7.03%
• 1Y: 26.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDVD vs. PEPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	10.33%	8.66%	-5.49%
PEPS Parametric Equity Plus ETF	7.86%	20.32%	-1.42%

Correlation

The correlation between SDVD and PEPS is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.68

The correlation between SDVD and PEPS has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

Return for Risk

SDVD vs. PEPS — Risk / Return Rank

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

SDVD

SDVD Risk / Return Rank: 52
SDVD Sharpe Ratio Rank: 49
SDVD Sortino Ratio Rank: 53
SDVD Omega Ratio Rank: 47
SDVD Calmar Ratio Rank: 56
SDVD Martin Ratio Rank: 54

PEPS

PEPS Risk / Return Rank: 62
PEPS Sharpe Ratio Rank: 62
PEPS Sortino Ratio Rank: 57
PEPS Omega Ratio Rank: 62
PEPS Calmar Ratio Rank: 58
PEPS Martin Ratio Rank: 70

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. PEPS - 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 Parametric Equity Plus ETF (PEPS). 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	PEPS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.91	-0.36
Sortino ratio: Return per unit of downside risk	2.36	2.53	-0.17
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.53	2.69	-0.15
Martin ratio: Return relative to average drawdown	8.52	12.10	-3.58

SDVD vs. PEPS - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.55, which is comparable to the PEPS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SDVD and PEPS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDVD vs. PEPS - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for SDVD and PEPS.

Drawdown Indicators

	SDVD	PEPS	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-21.26%	-2.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-9.80%	+1.04%
Current Drawdown Current decline from peak	-1.00%	-3.04%	+2.04%
Average Drawdown Average peak-to-trough decline	-4.88%	-2.75%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.17%	+0.43%

Volatility

SDVD vs. PEPS - Volatility Comparison

The current volatility for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is 3.50%, while Parametric Equity Plus ETF (PEPS) has a volatility of 5.38%. This indicates that SDVD experiences smaller price fluctuations and is considered to be less risky than PEPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDVD	PEPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	5.38%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	10.82%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	13.80%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	18.43%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	18.43%	-0.32%

SDVD vs. PEPS - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is higher than PEPS's 0.10% expense ratio.

Dividends

SDVD vs. PEPS - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.74%, more than PEPS's 0.95% yield.

Position	TTM	2025	2024	2023
PEPS Parametric Equity Plus ETF	0.95%	1.00%	0.17%	0.00%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.74%	8.36%	9.26%	3.18%

Frequently Asked Questions

Can I hold both SDVD and PEPS in my portfolio?

SDVD and PEPS have a correlation of 0.59, 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 PEPS?

PEPS has higher volatility (5.38%) compared to SDVD (3.50%). In terms of maximum drawdown, SDVD dropped -24.17% vs PEPS's -21.26%.

Which ETF is better, SDVD or PEPS?

On 1-year performance, PEPS leads with 26.19% vs 22.08% for SDVD. On fees, PEPS is cheaper at 0.10% per year. On volatility, SDVD has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or PEPS?

Over the 1-year period, PEPS has performed better with a 26.19% return vs 22.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or PEPS?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.85% for SDVD.

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

SDVD has the higher dividend yield at 8.74%, compared with 0.95% for PEPS.

What is the main difference between SDVD and PEPS?

They also come from different issuers: First Trust and Parametric. Their fees differ too: 0.85% for SDVD and 0.10% for PEPS.

Which has better risk-adjusted returns?

PEPS currently has the higher Sharpe Ratio (1.91 vs 1.55), 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.