SPDG vs. SVAIX
Compare and contrast key facts about SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Federated Hermes Strategic Value Dividend Fund (SVAIX).
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. SVAIX is managed by Federated. It was launched on Mar 30, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPDG or SVAIX.
Key characteristics
| SPDG | SVAIX | |
|---|---|---|
| YTD Return | 22.93% | 19.23% |
| 1Y Return | 38.42% | 30.34% |
| Sharpe Ratio | 3.04 | 2.65 |
| Sortino Ratio | 4.22 | 3.68 |
| Omega Ratio | 1.53 | 1.49 |
| Calmar Ratio | 6.04 | 1.70 |
| Martin Ratio | 19.71 | 14.23 |
| Ulcer Index | 1.87% | 2.06% |
| Daily Std Dev | 12.13% | 11.08% |
| Max Drawdown | -8.76% | -50.87% |
| Current Drawdown | 0.00% | -0.81% |
Correlation
The correlation between SPDG and SVAIX 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
SPDG vs. SVAIX - Performance Comparison
In the year-to-date period, SPDG achieves a 22.93% return, which is significantly higher than SVAIX's 19.23% 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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SPDG vs. SVAIX - Expense Ratio Comparison
SPDG has a 0.05% expense ratio, which is lower than SVAIX's 0.81% expense ratio.
Risk-Adjusted Performance
SPDG vs. SVAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Federated Hermes Strategic Value Dividend Fund (SVAIX). 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
SPDG vs. SVAIX - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.56%, less than SVAIX's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.56% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SVAIX Federated Hermes Strategic Value Dividend Fund | 3.78% | 4.31% | 4.16% | 3.72% | 4.31% | 3.97% | 4.35% | 3.74% | 3.11% | 3.60% | 5.47% | 3.41% |
Drawdowns
SPDG vs. SVAIX - Drawdown Comparison
The maximum SPDG drawdown since its inception was -8.76%, smaller than the maximum SVAIX drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for SPDG and SVAIX. For additional features, visit the drawdowns tool.
Volatility
SPDG vs. SVAIX - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.80% compared to Federated Hermes Strategic Value Dividend Fund (SVAIX) at 2.85%. This indicates that SPDG's price experiences larger fluctuations and is considered to be riskier than SVAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.