SPDG vs. RDIV

Last updated Aug 2, 2026

SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and RDIV (Invesco S&P Ultra Dividend Revenue ETF) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index. Both are passively managed. Over the past year, SPDG returned 24.51% vs 36.48% for RDIV. Their 0.74 correlation means they have sometimes moved together and sometimes differently. SPDG charges 0.05%/yr vs 0.39%/yr for RDIV.

Performance

SPDG vs. RDIV - 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 Invesco S&P Ultra Dividend Revenue ETF (RDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPDG achieves a 14.23% return, which is significantly lower than RDIV's 22.74% return.

SPDG

• 1D: 0.34%
• 1M: -0.77%
• 6M: 7.57%
• YTD: 14.23%
• 1Y: 24.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.16%

RDIV

• 1D: -0.32%
• 1M: 6.60%
• 6M: 17.44%
• YTD: 22.74%
• 1Y: 36.48%
• 3Y*: 19.58%
• 5Y*: 13.86%
• 10Y*: 11.30%
• ALL TIME*: 11.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RDIV Invesco S&P Ultra Dividend Revenue ETF	$3.34M	$2.84M	$4.35M
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	$48.48K	$40.82K	$36.86K

SPDG vs. RDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	14.23%	11.66%	20.22%	8.09%
RDIV Invesco S&P Ultra Dividend Revenue ETF	22.74%	12.36%	15.17%	14.02%

Correlation

The correlation between SPDG and RDIV is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.74

The correlation between SPDG and RDIV has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

SPDG vs. RDIV - Sectors Allocation Comparison

Sectors	SPDG	RDIV
Technology	32.4%	5.1%
Financial Services	13.3%	19.2%
Healthcare	10.2%	6.8%
Consumer Cyclical	9.6%	14.5%
Industrials	9.0%	-
Communication Services	8.6%	8.0%
Consumer Defensive	5.4%	15.4%
Energy	4.1%	17.0%
Utilities	2.6%	6.4%
Real Estate	2.4%	7.6%
Basic Materials	2.2%	0.5%

Return for Risk

SPDG vs. RDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPDG

SPDG Risk / Return Rank: 80
SPDG Sharpe Ratio Rank: 82
SPDG Sortino Ratio Rank: 83
SPDG Omega Ratio Rank: 80
SPDG Calmar Ratio Rank: 79
SPDG Martin Ratio Rank: 75

RDIV

RDIV Risk / Return Rank: 95
RDIV Sharpe Ratio Rank: 94
RDIV Sortino Ratio Rank: 94
RDIV Omega Ratio Rank: 92
RDIV Calmar Ratio Rank: 97
RDIV Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPDG vs. RDIV - 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 Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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.

	SPDG	RDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.61	-0.71
Sortino ratio: Return per unit of downside risk	2.73	3.77	-1.04
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	2.83	7.24	-4.41
Martin ratio: Return relative to average drawdown	9.27	22.00	-12.73

SPDG vs. RDIV - Sharpe Ratio Comparison

The current SPDG Sharpe Ratio is 1.90, which is comparable to the RDIV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SPDG and RDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPDG vs. RDIV - Drawdown Comparison

The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum RDIV drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for SPDG and RDIV.

Drawdown Indicators

	SPDG	RDIV	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-49.97%	+34.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-4.84%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.97%	—
Current Drawdown Current decline from peak	-2.77%	-1.46%	-1.31%
Average Drawdown Average peak-to-trough decline	-2.19%	-5.80%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	1.59%	+0.95%

Volatility

SPDG vs. RDIV - Volatility Comparison

The current volatility for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is 3.50%, while Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a volatility of 4.00%. This indicates that SPDG experiences smaller price fluctuations and is considered to be less risky than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPDG	RDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	4.00%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	9.25%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	13.49%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	17.41%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	21.85%	-7.74%

SPDG vs. RDIV - Expense Ratio Comparison

SPDG has a 0.05% expense ratio, which is lower than RDIV's 0.39% expense ratio.

Dividends

SPDG vs. RDIV - Dividend Comparison

SPDG's dividend yield for the trailing twelve months is around 2.72%, less than RDIV's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDIV Invesco S&P Ultra Dividend Revenue ETF	3.45%	3.94%	4.08%	3.93%	3.44%	3.31%	4.93%	3.84%	4.32%	4.26%	2.20%	4.49%
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	2.72%	2.87%	2.61%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPDG and RDIV in my portfolio?

SPDG and RDIV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPDG or RDIV?

RDIV has higher volatility (4.00%) compared to SPDG (3.50%). In terms of maximum drawdown, SPDG dropped -15.67% vs RDIV's -49.97%.

Which ETF is better, SPDG or RDIV?

On 1-year performance, RDIV leads with 36.48% vs 24.51% for SPDG. On fees, SPDG is cheaper at 0.05% per year. On volatility, SPDG has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPDG or RDIV?

Over the 1-year period, RDIV has performed better with a 36.48% return vs 24.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPDG or RDIV?

SPDG is cheaper with a 0.05% expense ratio, compared with 0.39% for RDIV.

Which ETF pays a higher dividend yield, SPDG or RDIV?

RDIV has the higher dividend yield at 3.45%, compared with 2.72% for SPDG.

What is the main difference between SPDG and RDIV?

SPDG is categorized as Dividend, while RDIV is Mid Cap Value Equities. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while RDIV tracks S&P 900 Dividend Revenue-Weighted Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.05% for SPDG and 0.39% for RDIV.

Which has better risk-adjusted returns?

RDIV currently has the higher Sharpe Ratio (2.61 vs 1.90), 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.