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SPDV vs. DEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPDV vs. DEW

Last updated Jun 24, 2026

SPDV (AAM S&P 500 High Dividend Value ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - SPDV is a Dividend fund tracking the S&P 500 Dividend and Free Cash Flow Yield Index, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 5 years, SPDV returned 9.01%/yr vs 11.57%/yr for DEW. Their correlation of 0.87 suggests significant overlap in exposure. SPDV charges 0.29%/yr vs 0.58%/yr for DEW.

Performance

SPDV vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P 500 High Dividend Value ETF (SPDV) and WisdomTree Global High Dividend Fund (DEW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SPDV having a 13.31% return and DEW slightly lower at 12.97%.

SPDV

1D
0.10%
1M
-0.63%
YTD
13.31%
6M
13.16%
1Y
24.69%
3Y*
16.36%
5Y*
9.01%
10Y*
—

DEW

1D
0.43%
1M
-0.07%
YTD
12.97%
6M
12.77%
1Y
25.61%
3Y*
19.27%
5Y*
11.57%
10Y*
9.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPDV vs. DEW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPDV
AAM S&P 500 High Dividend Value ETF		13.31%10.90%14.40%5.45%-2.27%29.54%-6.09%20.46%-6.59%4.64%
DEW
WisdomTree Global High Dividend Fund		12.97%22.39%11.58%9.39%-2.73%21.29%-7.32%20.45%-10.58%2.57%

Correlation

The correlation between SPDV and DEW is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2017

0.87

The correlation between SPDV and DEW has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

SPDV vs. DEW - Sectors Allocation Comparison

Sectors
SPDV
DEW

Consumer Cyclical

14.5%
3.1%

Technology

14.0%
2.5%

Healthcare

9.8%
9.5%

Real Estate

9.5%
10.8%

Financial Services

9.1%
19.7%

Consumer Defensive

9.0%
8.9%

Energy

8.9%
14.7%

Industrials

7.8%
4.4%

Communication Services

7.4%
4.1%

Utilities

5.3%
10.8%

Basic Materials

4.6%
2.8%

Consumer Cyclical

SPDV
14.5%
DEW
3.1%

Technology

SPDV
14.0%
DEW
2.5%

Healthcare

SPDV
9.8%
DEW
9.5%

Real Estate

SPDV
9.5%
DEW
10.8%

Financial Services

SPDV
9.1%
DEW
19.7%

Consumer Defensive

SPDV
9.0%
DEW
8.9%

Energy

SPDV
8.9%
DEW
14.7%

Industrials

SPDV
7.8%
DEW
4.4%

Communication Services

SPDV
7.4%
DEW
4.1%

Utilities

SPDV
5.3%
DEW
10.8%

Basic Materials

SPDV
4.6%
DEW
2.8%

Compare stocks, funds, or ETFs

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

AAM S&P 500 High Dividend Value ETF

WisdomTree Global High Dividend Fund

Often compared with SPDV:
SPDV vs. DIVOSPDV vs. SCHDSPDV vs. JEPISPDV vs. SPYSPDV vs. VOOSPDV vs. FDVVSPDV vs. NOBL
Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SPYDEW vs. ^GSPCDEW vs. SCHDDEW vs. NTSXDEW vs. NOBL

Return for Risk

SPDV vs. DEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPDV
SPDV Risk / Return Rank: 7070
Overall Rank
SPDV Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SPDV Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPDV Omega Ratio Rank: 6262
Omega Ratio Rank
SPDV Calmar Ratio Rank: 8383
Calmar Ratio Rank
SPDV Martin Ratio Rank: 6969
Martin Ratio Rank
DEW
DEW Risk / Return Rank: 8484
Overall Rank
DEW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 8787
Sortino Ratio Rank
DEW Omega Ratio Rank: 8383
Omega Ratio Rank
DEW Calmar Ratio Rank: 8181
Calmar Ratio Rank
DEW Martin Ratio Rank: 8383
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.

SPDV vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P 500 High Dividend Value ETF (SPDV) and WisdomTree Global High Dividend Fund (DEW). 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.

SPDVDEWDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.64

-0.62

Sortino ratioReturn per unit of downside risk
2.97
3.68

-0.70

Omega ratioGain probability vs. loss probability

1.36

1.47

-0.11

Calmar ratioReturn relative to maximum drawdown

4.28

4.06

+0.22

Martin ratioReturn relative to average drawdown

12.11

15.88

-3.77

SPDV vs. DEW - Sharpe Ratio Comparison

The current SPDV Sharpe Ratio is 2.02, which is comparable to the DEW Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of SPDV and DEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPDV vs. DEW - Drawdown Comparison

The maximum SPDV drawdown since its inception was -43.81%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for SPDV and DEW.

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Drawdown Indicators

SPDVDEWDifference

Max Drawdown

Largest peak-to-trough decline

-43.81%

-65.55%

+21.74%

Max Drawdown (1Y)

Largest decline over 1 year

-5.80%

-6.34%

+0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-18.62%

-11.80%

-6.82%

Max Drawdown (5Y)

Largest decline over 5 years

-21.31%

-18.86%

-2.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.77%

—

Current Drawdown

Current decline from peak

-2.37%

-1.12%

-1.25%

Average Drawdown

Average peak-to-trough decline

-6.53%

-12.41%

+5.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.62%

+0.42%

Volatility

SPDV vs. DEW - Volatility Comparison

AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.66% compared to WisdomTree Global High Dividend Fund (DEW) at 2.77%. This indicates that SPDV's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPDVDEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

2.77%

+0.89%

Volatility (6M)

Calculated over the trailing 6-month period

8.33%

7.35%

+0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

9.76%

+2.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.25%

12.98%

+3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.28%

15.42%

+4.86%

SPDV vs. DEW - Expense Ratio Comparison

SPDV has a 0.29% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

SPDV vs. DEW - Dividend Comparison

SPDV's dividend yield for the trailing twelve months is around 3.34%, more than DEW's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.18%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
SPDV
AAM S&P 500 High Dividend Value ETF		3.34%3.85%3.54%3.95%3.73%3.08%3.90%3.54%3.63%0.28%0.00%0.00%

Frequently Asked Questions

SPDV and DEW have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPDV has higher volatility (3.66%) compared to DEW (2.77%). In terms of maximum drawdown, SPDV dropped -43.81% vs DEW's -65.55%.

On 5-year performance, DEW leads with 11.57% vs 9.01% for SPDV. On fees, SPDV is cheaper at 0.29% per year. On volatility, DEW has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DEW has performed better with a 11.57% return vs 9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPDV is cheaper with a 0.29% expense ratio, compared with 0.58% for DEW.

SPDV has the higher dividend yield at 3.34%, compared with 3.18% for DEW.

SPDV is categorized as Dividend, while DEW is Large Cap Value Equities. SPDV tracks S&P 500 Dividend and Free Cash Flow Yield Index, while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: Advisors Asset Management and WisdomTree. Their fees differ too: 0.29% for SPDV and 0.58% for DEW.

DEW currently has the higher Sharpe Ratio (2.64 vs 2.02), 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.

Portfolio Optimizer

Find the right allocation for SPDV and DEW

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