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SHE vs. RFDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHE vs. RFDA

Last updated Jun 24, 2026

SHE (SPDR SSGA Gender Diversity Index ETF) and RFDA (RiverFront Dynamic US Dividend Advantage ETF) are both Large Cap Growth Equities funds. SHE is passively managed, while RFDA is actively managed. Over the past 10 years, SHE returned 12.78%/yr vs 13.39%/yr for RFDA. Their correlation of 0.85 suggests significant overlap in exposure. SHE charges 0.20%/yr vs 0.52%/yr for RFDA.

Performance

SHE vs. RFDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Gender Diversity Index ETF (SHE) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHE achieves a 16.68% return, which is significantly higher than RFDA's 10.77% return. Both investments have delivered pretty close results over the past 10 years, with SHE having a 12.78% annualized return and RFDA not far ahead at 13.39%.

SHE

1D
-1.22%
1M
1.20%
YTD
16.68%
6M
16.31%
1Y
28.00%
3Y*
22.78%
5Y*
10.14%
10Y*
12.78%

RFDA

1D
0.22%
1M
0.36%
YTD
10.77%
6M
9.90%
1Y
26.59%
3Y*
18.80%
5Y*
12.89%
10Y*
13.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHE vs. RFDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SHE
SPDR SSGA Gender Diversity Index ETF		16.68%15.50%23.35%22.37%-21.73%15.17%17.93%23.63%-3.48%19.56%
RFDA
RiverFront Dynamic US Dividend Advantage ETF		10.77%16.42%20.12%16.98%-8.58%25.94%11.26%27.15%-9.27%19.86%

Correlation

The correlation between SHE and RFDA is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Jun 7, 2016

0.85

The correlation between SHE and RFDA shifts across timeframes, from 0.71 (1 year) to 0.85 (10 years), reflecting how their relationship changes across market environments.

SHE vs. RFDA - Sectors Allocation Comparison

Sectors
SHE
RFDA

Technology

36.5%
21.1%

Financial Services

11.6%
14.4%

Consumer Cyclical

10.3%
7.4%

Communication Services

10.1%
8.3%

Healthcare

8.8%
9.7%

Industrials

8.0%
8.6%

Consumer Defensive

4.6%
7.0%

Energy

3.3%
11.7%

Utilities

2.9%
4.8%

Real Estate

1.9%
4.9%

Basic Materials

1.8%
1.9%

Technology

SHE
36.5%
RFDA
21.1%

Financial Services

SHE
11.6%
RFDA
14.4%

Consumer Cyclical

SHE
10.3%
RFDA
7.4%

Communication Services

SHE
10.1%
RFDA
8.3%

Healthcare

SHE
8.8%
RFDA
9.7%

Industrials

SHE
8.0%
RFDA
8.6%

Consumer Defensive

SHE
4.6%
RFDA
7.0%

Energy

SHE
3.3%
RFDA
11.7%

Utilities

SHE
2.9%
RFDA
4.8%

Real Estate

SHE
1.9%
RFDA
4.9%

Basic Materials

SHE
1.8%
RFDA
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR SSGA Gender Diversity Index ETF

RiverFront Dynamic US Dividend Advantage ETF

Often compared with SHE:
SHE vs. SPYSHE vs. VOOSHE vs. VEGNSHE vs. SCHXSHE vs. VTISHE vs. ESGVSHE vs. ^GSPC
Often compared with RFDA:
RFDA vs. DGRORFDA vs. DIVBRFDA vs. AGGRFDA vs. BWXRFDA vs. HYGRFDA vs. SCHDRFDA vs. IAU

Return for Risk

SHE vs. RFDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHE
SHE Risk / Return Rank: 6969
Overall Rank
SHE Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SHE Sortino Ratio Rank: 6868
Sortino Ratio Rank
SHE Omega Ratio Rank: 6464
Omega Ratio Rank
SHE Calmar Ratio Rank: 7070
Calmar Ratio Rank
SHE Martin Ratio Rank: 7373
Martin Ratio Rank
RFDA
RFDA Risk / Return Rank: 8181
Overall Rank
RFDA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
RFDA Sortino Ratio Rank: 7676
Sortino Ratio Rank
RFDA Omega Ratio Rank: 7878
Omega Ratio Rank
RFDA Calmar Ratio Rank: 8989
Calmar Ratio Rank
RFDA Martin Ratio Rank: 8787
Martin Ratio Rank
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.

SHE vs. RFDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). 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.

SHERFDADifference
Sharpe ratioReturn per unit of total volatility
2.09
2.28

-0.19

Sortino ratioReturn per unit of downside risk
2.92
3.14

-0.22

Omega ratioGain probability vs. loss probability

1.36

1.42

-0.06

Calmar ratioReturn relative to maximum drawdown

3.29

4.90

-1.61

Martin ratioReturn relative to average drawdown

12.91

17.52

-4.61

SHE vs. RFDA - Sharpe Ratio Comparison

The current SHE Sharpe Ratio is 2.09, which is comparable to the RFDA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SHE and RFDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SHE vs. RFDA - Drawdown Comparison

The maximum SHE drawdown since its inception was -35.80%, roughly equal to the maximum RFDA drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SHE and RFDA.

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Drawdown Indicators

SHERFDADifference

Max Drawdown

Largest peak-to-trough decline

-35.80%

-34.60%

-1.20%

Max Drawdown (1Y)

Largest decline over 1 year

-8.54%

-5.45%

-3.09%

Max Drawdown (3Y)

Largest decline over 3 years

-17.07%

-19.35%

+2.28%

Max Drawdown (5Y)

Largest decline over 5 years

-31.69%

-19.35%

-12.34%

Max Drawdown (10Y)

Largest decline over 10 years

-35.80%

-34.60%

-1.20%

Current Drawdown

Current decline from peak

-2.98%

-1.67%

-1.31%

Average Drawdown

Average peak-to-trough decline

-6.28%

-3.73%

-2.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

1.52%

+0.65%

Volatility

SHE vs. RFDA - Volatility Comparison

SPDR SSGA Gender Diversity Index ETF (SHE) has a higher volatility of 5.16% compared to RiverFront Dynamic US Dividend Advantage ETF (RFDA) at 3.29%. This indicates that SHE's price experiences larger fluctuations and is considered to be riskier than RFDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SHERFDADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

3.29%

+1.87%

Volatility (6M)

Calculated over the trailing 6-month period

11.03%

8.77%

+2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

13.46%

11.72%

+1.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.31%

15.75%

+1.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.06%

16.87%

+1.19%

SHE vs. RFDA - Expense Ratio Comparison

SHE has a 0.20% expense ratio, which is lower than RFDA's 0.52% expense ratio.

Dividends

SHE vs. RFDA - Dividend Comparison

SHE's dividend yield for the trailing twelve months is around 1.09%, less than RFDA's 1.80% yield.

PositionTTM2025202420232022202120202019201820172016
RFDA
RiverFront Dynamic US Dividend Advantage ETF		1.80%1.89%2.23%2.68%3.57%1.44%1.62%1.87%2.44%1.90%0.98%
SHE
SPDR SSGA Gender Diversity Index ETF		1.09%1.18%1.14%1.37%1.54%0.99%1.24%1.91%7.39%5.37%6.41%

Frequently Asked Questions

SHE and RFDA have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SHE has higher volatility (5.16%) compared to RFDA (3.29%). In terms of maximum drawdown, SHE dropped -35.80% vs RFDA's -34.60%.

On 10-year performance, RFDA leads with 13.39% vs 12.78% for SHE. On fees, SHE is cheaper at 0.20% per year. On volatility, RFDA has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RFDA has performed better with a 13.39% return vs 12.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SHE is cheaper with a 0.20% expense ratio, compared with 0.52% for RFDA.

RFDA has the higher dividend yield at 1.80%, compared with 1.09% for SHE.

They also come from different issuers: State Street and SS&C. Their fees differ too: 0.20% for SHE and 0.52% for RFDA.

RFDA currently has the higher Sharpe Ratio (2.28 vs 2.09), 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.

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