SMDV vs. SPY
Compare and contrast key facts about ProShares Russell 2000 Dividend Growers ETF (SMDV) and SPDR S&P 500 ETF (SPY).
SMDV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SMDV and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMDV or SPY.
Key characteristics
| SMDV | SPY | |
|---|---|---|
| YTD Return | 15.95% | 26.77% |
| 1Y Return | 35.89% | 37.43% |
| 3Y Return (Ann) | 5.89% | 10.15% |
| 5Y Return (Ann) | 6.90% | 15.86% |
| Sharpe Ratio | 1.70 | 3.06 |
| Sortino Ratio | 2.59 | 4.08 |
| Omega Ratio | 1.31 | 1.58 |
| Calmar Ratio | 2.45 | 4.44 |
| Martin Ratio | 7.39 | 20.11 |
| Ulcer Index | 4.89% | 1.85% |
| Daily Std Dev | 21.30% | 12.18% |
| Max Drawdown | -34.12% | -55.19% |
| Current Drawdown | -1.26% | -0.31% |
Correlation
The correlation between SMDV and SPY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SMDV vs. SPY - Performance Comparison
In the year-to-date period, SMDV achieves a 15.95% return, which is significantly lower than SPY's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMDV vs. SPY - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SMDV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SMDV vs. SPY - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.59%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.59% | 2.69% | 2.51% | 2.03% | 2.12% | 2.03% | 1.97% | 1.84% | 1.08% | 1.47% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SMDV vs. SPY - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMDV and SPY. For additional features, visit the drawdowns tool.
Volatility
SMDV vs. SPY - Volatility Comparison
ProShares Russell 2000 Dividend Growers ETF (SMDV) has a higher volatility of 8.66% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that SMDV's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.