SPDV vs. DEW

Last updated Aug 3, 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 & 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 10.42%/yr vs 12.89%/yr for DEW. Their correlation of 0.87 means they have usually moved in the same direction. 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.

Returns By Period

The year-to-date returns for both investments are quite close, with SPDV having a 19.29% return and DEW slightly higher at 19.31%.

SPDV

• 1D: -0.03%
• 1M: 4.78%
• 6M: 13.02%
• YTD: 19.29%
• 1Y: 30.26%
• 3Y*: 15.86%
• 5Y*: 10.42%
• 10Y*: —
• ALL TIME*: 9.72%

DEW

• 1D: -0.26%
• 1M: 4.29%
• 6M: 12.79%
• YTD: 19.31%
• 1Y: 30.52%
• 3Y*: 19.28%
• 5Y*: 12.89%
• 10Y*: 9.75%
• ALL TIME*: 6.12%

*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)
DEW WisdomTree Global High Dividend Fund	$1.14M	$632.09K	$360.65K
SPDV AAM S&P 500 High Dividend Value ETF	$807.83K	$592.31K	$401.15K

SPDV vs. DEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPDV AAM S&P 500 High Dividend Value ETF	19.29%	10.90%	14.40%	5.45%	-2.27%	29.54%	-6.09%	20.46%	-6.59%	4.64%
DEW WisdomTree Global High Dividend Fund	19.31%	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 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer 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 0.78 to 0.88 - a consistent structural relationship.

SPDV vs. DEW - Sectors Allocation Comparison

Sectors	SPDV	DEW
Consumer Cyclical	14.9%	3.5%
Technology	12.1%	2.5%
Real Estate	10.6%	11.7%
Healthcare	10.4%	10.2%
Financial Services	10.2%	25.8%
Energy	8.8%	14.5%
Industrials	8.4%	5.0%
Consumer Defensive	7.8%	8.8%
Communication Services	7.1%	4.0%
Utilities	5.7%	11.5%
Basic Materials	4.1%	2.6%

Return for Risk

SPDV vs. DEW — Risk / Return Rank

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

SPDV

SPDV Risk / Return Rank: 92
SPDV Sharpe Ratio Rank: 92
SPDV Sortino Ratio Rank: 93
SPDV Omega Ratio Rank: 90
SPDV Calmar Ratio Rank: 94
SPDV Martin Ratio Rank: 91

DEW

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

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.

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.

	SPDV	DEW	Difference
Sharpe ratio: Return per unit of total volatility	2.37	3.18	-0.81
Sortino ratio: Return per unit of downside risk	3.49	4.49	-1.00
Omega ratio: Gain probability vs. loss probability	1.42	1.58	-0.16
Calmar ratio: Return relative to maximum drawdown	5.01	4.77	+0.23
Martin ratio: Return relative to average drawdown	15.07	19.32	-4.25

SPDV vs. DEW - Sharpe Ratio Comparison

The current SPDV Sharpe Ratio is 2.37, which is comparable to the DEW Sharpe Ratio of 3.18. 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.

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.

Drawdown Indicators

	SPDV	DEW	Difference
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	-1.56%	-0.26%	-1.30%
Average Drawdown Average peak-to-trough decline	-6.46%	-12.34%	+5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.56%	+0.36%

Volatility

SPDV vs. DEW - Volatility Comparison

AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.72% compared to WisdomTree Global High Dividend Fund (DEW) at 2.21%. 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.

Volatility by Period

	SPDV	DEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	2.21%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	7.24%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	9.55%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	12.90%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.20%	15.36%	+4.84%

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 3.23%, more than DEW's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEW WisdomTree Global High Dividend Fund	3.12%	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	3.23%	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

Can I hold both SPDV and DEW in my portfolio?

SPDV and DEW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPDV or DEW?

SPDV has higher volatility (3.72%) compared to DEW (2.21%). In terms of maximum drawdown, SPDV dropped -43.81% vs DEW's -65.55%.

Which ETF is better, SPDV or DEW?

On 5-year performance, DEW leads with 12.89% vs 10.42% for SPDV. On fees, SPDV is cheaper at 0.29% per year. On volatility, DEW has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPDV or DEW?

Over the 5-year period, DEW has performed better with a 12.89% return vs 10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPDV or DEW?

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

Which ETF pays a higher dividend yield, SPDV or DEW?

SPDV has the higher dividend yield at 3.23%, compared with 3.12% for DEW.

What is the main difference between SPDV and DEW?

SPDV is categorized as Dividend, while DEW is Large Cap Value Equities. SPDV tracks S&P 500 Dividend & 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.

Which has better risk-adjusted returns?

DEW currently has the higher Sharpe Ratio (3.18 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.