SDY vs. VTI

Last updated Jun 4, 2026

SDY (SPDR S&P Dividend ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - SDY is a Mid Cap Value Equities fund tracking the S&P High Yield Dividend Aristocrats Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, SDY returned 9.29%/yr vs 15.05%/yr for VTI. Their correlation of 0.84 suggests significant overlap in exposure. SDY charges 0.35%/yr vs 0.03%/yr for VTI.

Performance

SDY vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Dividend ETF (SDY) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDY achieves a 7.49% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, SDY has underperformed VTI with an annualized return of 9.29%, while VTI has yielded a comparatively higher 15.05% annualized return.

SDY

• 1D: -0.15%
• 1M: 0.81%
• YTD: 7.49%
• 6M: 7.45%
• 1Y: 12.80%
• 3Y*: 9.83%
• 5Y*: 5.97%
• 10Y*: 9.29%

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

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

SDY vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDY SPDR S&P Dividend ETF	7.49%	8.18%	8.45%	2.61%	-0.54%	25.32%	1.71%	23.29%	-2.74%	15.82%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between SDY and VTI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 16, 2005	0.84

Over the past year, the correlation between SDY and VTI has dropped to 0.46 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

SDY vs. VTI - Sectors Allocation Comparison

Sectors	SDY	VTI
Industrials	17.5%	9.8%
Consumer Defensive	17.1%	4.7%
Utilities	14.8%	2.3%
Financial Services	11.5%	12.0%
Technology	8.7%	33.5%
Basic Materials	6.4%	2.0%
Healthcare	6.2%	9.2%
Consumer Cyclical	5.2%	10.0%
Real Estate	4.6%	2.4%
Energy	4.6%	3.7%
Communication Services	3.5%	10.3%

Return for Risk

SDY vs. VTI — Risk / Return Rank

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

SDY

SDY Risk / Return Rank: 33
SDY Sharpe Ratio Rank: 33
SDY Sortino Ratio Rank: 36
SDY Omega Ratio Rank: 31
SDY Calmar Ratio Rank: 33
SDY Martin Ratio Rank: 31

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

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.

SDY vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Dividend ETF (SDY) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.33	-1.08
Sortino ratio: Return per unit of downside risk	1.92	3.18	-1.27
Omega ratio: Gain probability vs. loss probability	1.22	1.42	-0.20
Calmar ratio: Return relative to maximum drawdown	1.68	3.17	-1.50
Martin ratio: Return relative to average drawdown	4.60	14.62	-10.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDY vs. VTI - Sharpe Ratio Comparison

The current SDY Sharpe Ratio is 1.25, which is lower than the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SDY and VTI, 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

	SDY	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.33	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.73	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.82	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.51	-0.04

Drawdowns

SDY vs. VTI - Drawdown Comparison

The maximum SDY drawdown since its inception was -54.75%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for SDY and VTI.

Drawdown Indicators

	SDY	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-54.75%	-55.45%	+0.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.67%	-8.92%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.39%	-19.30%	+4.91%
Max Drawdown (5Y) Largest decline over 5 years	-15.21%	-25.36%	+10.15%
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	-35.00%	-1.70%
Current Drawdown Current decline from peak	-4.07%	-0.72%	-3.35%
Average Drawdown Average peak-to-trough decline	-6.21%	-8.03%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.93%	+0.86%

Volatility

SDY vs. VTI - Volatility Comparison

The current volatility for SPDR S&P Dividend ETF (SDY) is 2.47%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 2.96%. This indicates that SDY experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDY	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	2.96%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	9.13%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	10.33%	12.17%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	17.40%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	18.30%	-1.22%

SDY vs. VTI - Expense Ratio Comparison

SDY has a 0.35% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

SDY vs. VTI - Dividend Comparison

SDY's dividend yield for the trailing twelve months is around 2.48%, more than VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDY SPDR S&P Dividend ETF	2.48%	2.61%	2.56%	2.64%	2.55%	2.63%	2.85%	2.45%	2.73%	4.69%	3.30%	6.20%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both SDY and VTI in my portfolio?

SDY and VTI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDY or VTI?

VTI has higher volatility (2.96%) compared to SDY (2.47%). In terms of maximum drawdown, SDY dropped -54.75% vs VTI's -55.45%.

Which ETF is better, SDY or VTI?

On 10-year performance, VTI leads with 15.05% vs 9.29% for SDY. On fees, VTI is cheaper at 0.03% per year. On volatility, SDY has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDY or VTI?

Over the 10-year period, VTI has performed better with a 15.05% return vs 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDY or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.35% for SDY.

Which ETF pays a higher dividend yield, SDY or VTI?

SDY has the higher dividend yield at 2.48%, compared with 1.01% for VTI.

What is the main difference between SDY and VTI?

SDY is categorized as Mid Cap Value Equities, while VTI is Large Cap Blend Equities. SDY tracks S&P High Yield Dividend Aristocrats Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.35% for SDY and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.33 vs 1.25), 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.