SDVY vs. RFV

Last updated Jun 23, 2026

SDVY (First Trust SMID Cap Rising Dividend Achievers ETF) and RFV (Invesco S&P MidCap 400® Pure Value ETF) 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 RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value. Both are passively managed. Over the past 5 years, SDVY returned 10.04%/yr vs 11.17%/yr for RFV. Their correlation of 0.86 suggests significant overlap in exposure. SDVY charges 0.60%/yr vs 0.35%/yr for RFV.

Performance

SDVY vs. RFV - 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 Invesco S&P MidCap 400® Pure Value ETF (RFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDVY achieves a 10.79% return, which is significantly lower than RFV's 12.44% return.

SDVY

• 1D: 0.31%
• 1M: 1.95%
• YTD: 10.79%
• 6M: 8.00%
• 1Y: 24.78%
• 3Y*: 17.87%
• 5Y*: 10.04%
• 10Y*: —

RFV

• 1D: 0.15%
• 1M: 3.08%
• YTD: 12.44%
• 6M: 10.55%
• 1Y: 22.29%
• 3Y*: 15.14%
• 5Y*: 11.17%
• 10Y*: 12.75%

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

SDVY vs. RFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	10.79%	8.83%	11.19%	28.58%	-11.98%	29.13%	11.72%	25.62%	-15.26%	5.62%
RFV Invesco S&P MidCap 400® Pure Value ETF	12.44%	7.66%	5.63%	30.26%	-3.99%	33.02%	9.61%	24.98%	-18.56%	7.48%

Correlation

The correlation between SDVY and RFV is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017	0.86

The correlation between SDVY and RFV shifts across timeframes, from 0.82 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

SDVY vs. RFV - Sectors Allocation Comparison

Sectors	SDVY	RFV
Financial Services	33.3%	17.4%
Industrials	29.3%	11.7%
Consumer Cyclical	8.6%	25.5%
Technology	8.6%	14.2%
Consumer Defensive	5.2%	7.4%
Basic Materials	4.6%	7.6%
Healthcare	3.4%	0.6%
Energy	2.9%	12.1%
Communication Services	2.3%	-
Real Estate	0.6%	3.5%
Utilities	0.6%	-

Return for Risk

SDVY vs. RFV — Risk / Return Rank

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

SDVY

SDVY Risk / Return Rank: 51
SDVY Sharpe Ratio Rank: 48
SDVY Sortino Ratio Rank: 52
SDVY Omega Ratio Rank: 46
SDVY Calmar Ratio Rank: 56
SDVY Martin Ratio Rank: 55

RFV

RFV Risk / Return Rank: 36
RFV Sharpe Ratio Rank: 36
RFV Sortino Ratio Rank: 38
RFV Omega Ratio Rank: 34
RFV Calmar Ratio Rank: 37
RFV Martin Ratio Rank: 36

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. RFV - 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 Invesco S&P MidCap 400® Pure Value ETF (RFV). 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.

	SDVY	RFV	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.24	+0.38
Sortino ratio: Return per unit of downside risk	2.46	1.92	+0.54
Omega ratio: Gain probability vs. loss probability	1.29	1.22	+0.06
Calmar ratio: Return relative to maximum drawdown	2.68	1.79	+0.89
Martin ratio: Return relative to average drawdown	9.21	5.27	+3.94

SDVY vs. RFV - Sharpe Ratio Comparison

The current SDVY Sharpe Ratio is 1.62, which is higher than the RFV Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of SDVY and RFV, 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

SDVY vs. RFV - Drawdown Comparison

The maximum SDVY drawdown since its inception was -44.70%, smaller than the maximum RFV drawdown of -71.82%. Use the drawdown chart below to compare losses from any high point for SDVY and RFV.

Drawdown Indicators

	SDVY	RFV	Difference
Max Drawdown Largest peak-to-trough decline	-44.70%	-71.82%	+27.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-12.51%	+3.23%
Max Drawdown (3Y) Largest decline over 3 years	-25.92%	-24.65%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	-25.92%	-24.65%	-1.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.24%	—
Current Drawdown Current decline from peak	-0.31%	-2.61%	+2.30%
Average Drawdown Average peak-to-trough decline	-7.67%	-9.77%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	4.24%	-1.54%

Volatility

SDVY vs. RFV - Volatility Comparison

The current volatility for First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is 3.71%, while Invesco S&P MidCap 400® Pure Value ETF (RFV) has a volatility of 4.26%. This indicates that SDVY experiences smaller price fluctuations and is considered to be less risky than RFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDVY	RFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	4.26%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	11.90%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	18.05%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	21.98%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.77%	24.99%	-0.22%

SDVY vs. RFV - Expense Ratio Comparison

SDVY has a 0.60% expense ratio, which is higher than RFV's 0.35% expense ratio.

Dividends

SDVY vs. RFV - Dividend Comparison

SDVY's dividend yield for the trailing twelve months is around 1.17%, less than RFV's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RFV Invesco S&P MidCap 400® Pure Value ETF	2.24%	2.07%	1.31%	1.27%	2.05%	1.60%	1.52%	1.71%	1.39%	1.36%	0.88%	1.79%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	1.17%	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 RFV in my portfolio?

SDVY and RFV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVY or RFV?

RFV has higher volatility (4.26%) compared to SDVY (3.71%). In terms of maximum drawdown, SDVY dropped -44.70% vs RFV's -71.82%.

Which ETF is better, SDVY or RFV?

On 5-year performance, RFV leads with 11.17% vs 10.04% for SDVY. On fees, RFV is cheaper at 0.35% per year. On volatility, SDVY has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVY or RFV?

Over the 5-year period, RFV has performed better with a 11.17% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVY or RFV?

RFV is cheaper with a 0.35% expense ratio, compared with 0.60% for SDVY.

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

RFV has the higher dividend yield at 2.24%, compared with 1.17% for SDVY.

What is the main difference between SDVY and RFV?

SDVY is categorized as Small Cap Blend Equities, while RFV is Small Cap Value Equities. SDVY tracks NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index, while RFV tracks S&P Mid Cap 400 Pure Value. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for SDVY and 0.35% for RFV.

Which has better risk-adjusted returns?

SDVY currently has the higher Sharpe Ratio (1.62 vs 1.24), 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.