SPDG vs. DIVB
SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and DIVB (iShares U.S. Dividend and Buyback ETF) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while DIVB is a Large Cap Blend Equities fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past year, SPDG returned 28.62% vs 29.81% for DIVB. Their correlation of 0.93 suggests significant overlap in exposure. SPDG charges 0.05%/yr vs 0.25%/yr for DIVB.
Performance
SPDG vs. DIVB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPDG having a 16.69% return and DIVB slightly higher at 17.35%.
SPDG
- 1D
- -0.67%
- 1M
- 7.25%
- YTD
- 16.69%
- 6M
- 16.41%
- 1Y
- 28.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVB
- 1D
- -0.56%
- 1M
- 8.55%
- YTD
- 17.35%
- 6M
- 17.71%
- 1Y
- 29.81%
- 3Y*
- 22.07%
- 5Y*
- 12.19%
- 10Y*
- —
SPDG vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 16.69% | 11.66% | 20.22% | 8.14% |
DIVB iShares U.S. Dividend and Buyback ETF | 17.35% | 15.09% | 18.59% | 7.80% |
Correlation
The correlation between SPDG and DIVB is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.93 |
The correlation between SPDG and DIVB has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
SPDG vs. DIVB — Risk / Return Rank
SPDG
DIVB
SPDG vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and iShares U.S. Dividend and Buyback ETF (DIVB). 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.
| SPDG | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.39 | -0.94 |
| Martin ratioReturn relative to average drawdown | 11.57 | 14.95 | -3.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPDG | DIVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.65 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.76 | +0.76 |
Drawdowns
SPDG vs. DIVB - Drawdown Comparison
The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for SPDG and DIVB.
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Drawdown Indicators
| SPDG | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -36.93% | +21.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -6.82% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.56% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -4.99% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.00% | +0.48% |
Volatility
SPDG vs. DIVB - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.54% compared to iShares U.S. Dividend and Buyback ETF (DIVB) at 3.34%. This indicates that SPDG's price experiences larger fluctuations and is considered to be riskier than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPDG | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.34% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 8.44% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 11.33% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 15.23% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 18.38% | -4.20% |
SPDG vs. DIVB - Expense Ratio Comparison
SPDG has a 0.05% expense ratio, which is lower than DIVB's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPDG vs. DIVB - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.59%, more than DIVB's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares U.S. Dividend and Buyback ETF | 2.19% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.59% | 2.87% | 2.61% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, SPDG and DIVB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SPDG has higher volatility (3.54%) compared to DIVB (3.34%). In terms of maximum drawdown, SPDG dropped -15.67% vs DIVB's -36.93%.
On 1-year performance, DIVB leads with 29.81% vs 28.62% for SPDG. On fees, SPDG is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIVB has performed better with a 29.81% return vs 28.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPDG is cheaper with a 0.05% expense ratio, compared with 0.25% for DIVB.
SPDG has the higher dividend yield at 2.59%, compared with 2.19% for DIVB.
SPDG is categorized as Dividend, while DIVB is Large Cap Blend Equities. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SPDG and 0.25% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.65 vs 2.37), 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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