SDVY vs. EZM

Last updated Jun 3, 2026

SDVY (First Trust SMID Cap Rising Dividend Achievers ETF) and EZM (WisdomTree U.S. MidCap Earnings Fund) are both exchange-traded funds - SDVY is a Small Cap Blend Equities fund tracking the NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index, while EZM is a Mid Cap Blend Equities fund tracking the WisdomTree U.S. MidCap Index. Both are passively managed. Over the past 5 years, SDVY returned 8.70%/yr vs 8.03%/yr for EZM. Their correlation of 0.89 suggests significant overlap in exposure. SDVY charges 0.60%/yr vs 0.38%/yr for EZM.

Performance

SDVY vs. EZM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) and WisdomTree U.S. MidCap Earnings Fund (EZM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDVY achieves a 8.17% return, which is significantly lower than EZM's 10.55% return.

SDVY

• 1D: 0.73%
• 1M: -1.83%
• YTD: 8.17%
• 6M: 9.36%
• 1Y: 22.12%
• 3Y*: 17.44%
• 5Y*: 8.70%
• 10Y*: —

EZM

• 1D: 0.59%
• 1M: 2.25%
• YTD: 10.55%
• 6M: 11.21%
• 1Y: 24.73%
• 3Y*: 15.39%
• 5Y*: 8.03%
• 10Y*: 10.65%

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

SDVY vs. EZM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	8.17%	8.83%	11.19%	28.58%	-11.98%	29.13%	11.72%	25.62%	-15.26%	5.78%
EZM WisdomTree U.S. MidCap Earnings Fund	10.55%	8.42%	10.29%	19.69%	-12.22%	31.00%	5.57%	24.48%	-12.36%	5.19%

Correlation

The correlation between SDVY and EZM is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.89

The correlation between SDVY and EZM has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.

SDVY vs. EZM - Sectors Allocation Comparison

Sectors	SDVY	EZM
Financial Services	33.5%	19.3%
Industrials	29.3%	16.5%
Consumer Cyclical	10.2%	15.4%
Technology	8.4%	12.5%
Consumer Defensive	5.4%	5.4%
Basic Materials	4.2%	4.4%
Energy	3.0%	7.2%
Healthcare	3.0%	9.2%
Communication Services	1.8%	1.8%
Utilities	0.6%	3.3%
Real Estate	-	4.9%

Return for Risk

SDVY vs. EZM — Risk / Return Rank

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

SDVY

SDVY Risk / Return Rank: 44
SDVY Sharpe Ratio Rank: 40
SDVY Sortino Ratio Rank: 44
SDVY Omega Ratio Rank: 39
SDVY Calmar Ratio Rank: 47
SDVY Martin Ratio Rank: 48

EZM

EZM Risk / Return Rank: 51
EZM Sharpe Ratio Rank: 47
EZM Sortino Ratio Rank: 52
EZM Omega Ratio Rank: 46
EZM Calmar Ratio Rank: 56
EZM Martin Ratio Rank: 55

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.

SDVY vs. EZM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) and WisdomTree U.S. MidCap Earnings Fund (EZM). 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.

	SDVY	EZM	Difference
Sharpe ratio Return per unit of total volatility	1.45	1.67	-0.22
Sortino ratio Return per unit of downside risk	2.23	2.54	-0.32
Omega ratio Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio Return relative to maximum drawdown	2.36	2.81	-0.45
Martin ratio Return relative to average drawdown	8.17	9.55	-1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDVY vs. EZM - Sharpe Ratio Comparison

The current SDVY Sharpe Ratio is 1.45, which is comparable to the EZM Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of SDVY and EZM, 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

	SDVY	EZM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.67	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.40	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.41	+0.02

Drawdowns

SDVY vs. EZM - Drawdown Comparison

The maximum SDVY drawdown since its inception was -44.70%, smaller than the maximum EZM drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for SDVY and EZM.

Drawdown Indicators

	SDVY	EZM	Difference
Max Drawdown Largest peak-to-trough decline	-44.70%	-59.58%	+14.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-8.70%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	-25.92%	-23.53%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-25.92%	-23.53%	-2.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.26%	—
Current Drawdown Current decline from peak	-2.66%	0.00%	-2.66%
Average Drawdown Average peak-to-trough decline	-7.71%	-8.27%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.56%	+0.12%

Volatility

SDVY vs. EZM - Volatility Comparison

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) has a higher volatility of 4.26% compared to WisdomTree U.S. MidCap Earnings Fund (EZM) at 3.66%. This indicates that SDVY's price experiences larger fluctuations and is considered to be riskier than EZM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDVY	EZM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	3.66%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	10.25%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	14.88%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	20.42%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.83%	22.36%	+2.47%

SDVY vs. EZM - Expense Ratio Comparison

SDVY has a 0.60% expense ratio, which is higher than EZM's 0.38% expense ratio.

Dividends

SDVY vs. EZM - Dividend Comparison

SDVY's dividend yield for the trailing twelve months is around 1.20%, less than EZM's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EZM WisdomTree U.S. MidCap Earnings Fund	1.26%	1.39%	1.22%	1.25%	1.57%	1.08%	1.67%	1.34%	1.57%	1.14%	1.55%	1.30%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	1.20%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDVY and EZM in my portfolio?

With a correlation of 0.94, SDVY and EZM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SDVY or EZM?

SDVY has higher volatility (4.26%) compared to EZM (3.66%). In terms of maximum drawdown, SDVY dropped -44.70% vs EZM's -59.58%.

Which ETF is better, SDVY or EZM?

On 5-year performance, SDVY leads with 8.70% vs 8.03% for EZM. On fees, EZM is cheaper at 0.38% per year. On volatility, EZM has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVY or EZM?

Over the 5-year period, SDVY has performed better with a 8.70% return vs 8.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVY or EZM?

EZM is cheaper with a 0.38% expense ratio, compared with 0.60% for SDVY.

Which ETF pays a higher dividend yield, SDVY or EZM?

EZM has the higher dividend yield at 1.26%, compared with 1.20% for SDVY.

What is the main difference between SDVY and EZM?

SDVY is categorized as Small Cap Blend Equities, while EZM is Mid Cap Blend Equities. SDVY tracks NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index, while EZM tracks WisdomTree U.S. MidCap Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.60% for SDVY and 0.38% for EZM.

Which has better risk-adjusted returns?

EZM currently has the higher Sharpe Ratio (1.67 vs 1.45), 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.