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SPDG vs. PDIV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPDG vs. PDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Purpose Enhanced Dividend Fund ETF (PDIV.TO).

SPDG and PDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDG is a passively managed fund by State Street that tracks the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index. It was launched on Sep 11, 2023. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018.

Performance

SPDG vs. PDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Purpose Enhanced Dividend Fund ETF (PDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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SPDG vs. PDIV.TO - Yearly Performance Comparison

2026 (YTD)202520242023
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF		2.97%11.66%20.22%8.14%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		-0.16%21.37%1.97%4.35%
Different Trading Currencies

SPDG is traded in USD, while PDIV.TO is traded in CAD. To make them comparable, the PDIV.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPDG achieves a 2.97% return, which is significantly higher than PDIV.TO's -0.16% return.

SPDG

1D
1.61%
1M
-5.04%
YTD
2.97%
6M
5.24%
1Y
13.58%
3Y*
—
5Y*
—
10Y*
—

PDIV.TO

1D
1.59%
1M
-4.80%
YTD
-0.16%
6M
5.13%
1Y
17.74%
3Y*
8.75%
5Y*
5.64%
10Y*
8.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

SPDR Portfolio S&P Sector Neutral Dividend ETF

Purpose Enhanced Dividend Fund ETF

Often compared with SPDG:
SPDG vs. SCHDSPDG vs. DIVBSPDG vs. SVAIXSPDG vs. SPYSPDG vs. DGROSPDG vs. SCHGSPDG vs. TLT
Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. SPYIPDIV.TO vs. HYLD.TOPDIV.TO vs. BMAXPDIV.TO vs. PMIF.TOPDIV.TO vs. DGSPDIV.TO vs. USCL.TO

SPDG vs. PDIV.TO - Expense Ratio Comparison

SPDG has a 0.05% expense ratio, which is lower than PDIV.TO's 0.77% expense ratio.

PDIV.TO
Purpose Enhanced Dividend Fund ETF
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF

Return for Risk

SPDG vs. PDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPDG
SPDG Risk / Return Rank: 5050
Overall Rank
SPDG Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
SPDG Sortino Ratio Rank: 4848
Sortino Ratio Rank
SPDG Omega Ratio Rank: 4949
Omega Ratio Rank
SPDG Calmar Ratio Rank: 5353
Calmar Ratio Rank
SPDG Martin Ratio Rank: 5353
Martin Ratio Rank
PDIV.TO
PDIV.TO Risk / Return Rank: 7878
Overall Rank
PDIV.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 8484
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 8181
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.

SPDG vs. PDIV.TO - 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 Purpose Enhanced Dividend Fund ETF (PDIV.TO). 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.

SPDGPDIV.TODifference

Sharpe ratio

Return per unit of total volatility

0.85

1.52

-0.67

Sortino ratio

Return per unit of downside risk

1.26

2.17

-0.90

Omega ratio

Gain probability vs. loss probability

1.18

1.32

-0.14

Calmar ratio

Return relative to maximum drawdown

1.27

2.16

-0.89

Martin ratio

Return relative to average drawdown

4.92

11.42

-6.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPDG vs. PDIV.TO - Sharpe Ratio Comparison

The current SPDG Sharpe Ratio is 0.85, which is lower than the PDIV.TO Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SPDG and PDIV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPDGPDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

1.52

-0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.44

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.21

0.36

+0.85

Correlation

The correlation between SPDG and PDIV.TO is 0.62, 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.

Dividends

SPDG vs. PDIV.TO - Dividend Comparison

SPDG's dividend yield for the trailing twelve months is around 2.94%, less than PDIV.TO's 12.30% yield.

TTM20252024202320222021202020192018201720162015
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF		2.94%2.87%2.61%0.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		12.30%12.24%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%

Drawdowns

SPDG vs. PDIV.TO - Drawdown Comparison

The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum PDIV.TO drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for SPDG and PDIV.TO.

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Drawdown Indicators

SPDGPDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.67%

-30.64%

+14.97%

Max Drawdown (1Y)

Largest decline over 1 year

-11.84%

-8.36%

-3.48%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.64%

—

Current Drawdown

Current decline from peak

-6.79%

-3.25%

-3.54%

Average Drawdown

Average peak-to-trough decline

-2.21%

-4.40%

+2.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

1.63%

+1.42%

Volatility

SPDG vs. PDIV.TO - Volatility Comparison

SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.98% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 3.78%. This indicates that SPDG's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPDGPDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

3.78%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.07%

6.92%

+2.15%

Volatility (1Y)

Calculated over the trailing 1-year period

16.15%

11.74%

+4.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.21%

13.01%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.21%

16.69%

-2.48%