SDY vs. IVOV
Compare and contrast key facts about SPDR S&P Dividend ETF (SDY) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).
SDY and IVOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. IVOV is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Sep 7, 2010. Both SDY and IVOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SDY vs. IVOV - Performance Comparison
Loading graphics...
SDY vs. IVOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDY SPDR S&P Dividend ETF | 5.44% | 8.18% | 8.45% | 2.61% | -0.54% | 25.32% | 1.71% | 23.29% | -2.74% | 15.82% |
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 1.49% | 7.61% | 11.53% | 15.38% | -7.20% | 30.50% | 3.70% | 25.91% | -12.13% | 12.22% |
Returns By Period
In the year-to-date period, SDY achieves a 5.44% return, which is significantly higher than IVOV's 1.49% return. Over the past 10 years, SDY has underperformed IVOV with an annualized return of 9.36%, while IVOV has yielded a comparatively higher 10.02% annualized return.
SDY
- 1D
- -0.07%
- 1M
- -5.88%
- YTD
- 5.44%
- 6M
- 5.59%
- 1Y
- 10.47%
- 3Y*
- 8.47%
- 5Y*
- 6.99%
- 10Y*
- 9.36%
IVOV
- 1D
- 0.56%
- 1M
- -4.88%
- YTD
- 1.49%
- 6M
- 3.16%
- 1Y
- 13.07%
- 3Y*
- 11.08%
- 5Y*
- 7.25%
- 10Y*
- 10.02%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SDY vs. IVOV - Expense Ratio Comparison
SDY has a 0.35% expense ratio, which is higher than IVOV's 0.10% expense ratio.
Return for Risk
SDY vs. IVOV — Risk / Return Rank
SDY
IVOV
SDY vs. IVOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Dividend ETF (SDY) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). 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.
| SDY | IVOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.63 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.04 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.91 | +0.06 |
Martin ratioReturn relative to average drawdown | 3.80 | 3.45 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SDY | IVOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.63 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.37 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Correlation
The correlation between SDY and IVOV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SDY vs. IVOV - Dividend Comparison
SDY's dividend yield for the trailing twelve months is around 2.53%, more than IVOV's 1.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDY SPDR S&P Dividend ETF | 2.53% | 2.61% | 2.56% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% |
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 1.80% | 1.82% | 1.74% | 1.52% | 1.97% | 1.78% | 2.42% | 1.75% | 1.87% | 1.55% | 1.51% | 1.66% |
Drawdowns
SDY vs. IVOV - Drawdown Comparison
The maximum SDY drawdown since its inception was -54.75%, which is greater than IVOV's maximum drawdown of -45.99%. Use the drawdown chart below to compare losses from any high point for SDY and IVOV.
Loading graphics...
Drawdown Indicators
| SDY | IVOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.75% | -45.99% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -14.63% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.21% | -22.61% | +7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | -45.99% | +9.29% |
Current DrawdownCurrent decline from peak | -5.90% | -7.12% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -5.46% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.88% | -1.15% |
Volatility
SDY vs. IVOV - Volatility Comparison
The current volatility for SPDR S&P Dividend ETF (SDY) is 3.11%, while Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a volatility of 5.27%. This indicates that SDY experiences smaller price fluctuations and is considered to be less risky than IVOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SDY | IVOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 5.27% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 11.46% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 20.80% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 19.55% | -5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 21.72% | -4.65% |