SPDV vs. DGRE

Last updated Jun 24, 2026

SPDV (AAM S&P 500 High Dividend Value ETF) and DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) are both exchange-traded funds - SPDV is a Dividend fund tracking the S&P 500 Dividend and Free Cash Flow Yield Index, while DGRE is a Emerging Markets Equities fund actively managed by WisdomTree. SPDV is passively managed, while DGRE is actively managed. Over the past 5 years, SPDV returned 9.01%/yr vs 8.42%/yr for DGRE. At a 0.48 correlation, their price movements are largely independent. SPDV charges 0.29%/yr vs 0.32%/yr for DGRE.

Performance

SPDV vs. DGRE - 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 Emerging Markets Quality Dividend Growth Fund (DGRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPDV achieves a 13.31% return, which is significantly lower than DGRE's 27.61% return.

SPDV

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

DGRE

• 1D: -5.02%
• 1M: 2.22%
• YTD: 27.61%
• 6M: 28.61%
• 1Y: 51.74%
• 3Y*: 23.16%
• 5Y*: 8.42%
• 10Y*: 9.58%

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

SPDV vs. DGRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	27.61%	27.47%	3.63%	18.46%	-21.86%	2.55%	10.85%	21.12%	-16.36%	3.16%

Correlation

The correlation between SPDV and DGRE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 29, 2017	0.48

The correlation between SPDV and DGRE shifts across timeframes, from 0.38 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

SPDV vs. DGRE - Sectors Allocation Comparison

Sectors	SPDV	DGRE
Consumer Cyclical	14.5%	5.5%
Technology	14.0%	41.5%
Healthcare	9.8%	4.8%
Real Estate	9.5%	0.8%
Financial Services	9.1%	17.8%
Consumer Defensive	9.0%	4.5%
Energy	8.9%	1.9%
Industrials	7.8%	11.8%
Communication Services	7.4%	2.6%
Utilities	5.3%	2.2%
Basic Materials	4.6%	6.6%

Return for Risk

SPDV vs. DGRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPDV

SPDV Risk / Return Rank: 70
SPDV Sharpe Ratio Rank: 64
SPDV Sortino Ratio Rank: 69
SPDV Omega Ratio Rank: 62
SPDV Calmar Ratio Rank: 83
SPDV Martin Ratio Rank: 69

DGRE

DGRE Risk / Return Rank: 76
DGRE Sharpe Ratio Rank: 77
DGRE Sortino Ratio Rank: 69
DGRE Omega Ratio Rank: 77
DGRE Calmar Ratio Rank: 78
DGRE Martin Ratio Rank: 80

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. DGRE - 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 Emerging Markets Quality Dividend Growth Fund (DGRE). 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	DGRE	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.30	-0.29
Sortino ratio: Return per unit of downside risk	2.97	2.94	+0.03
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	4.28	3.80	+0.47
Martin ratio: Return relative to average drawdown	12.11	14.91	-2.80

SPDV vs. DGRE - Sharpe Ratio Comparison

The current SPDV Sharpe Ratio is 2.02, which is comparable to the DGRE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SPDV and DGRE, 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. DGRE - Drawdown Comparison

The maximum SPDV drawdown since its inception was -43.81%, which is greater than DGRE's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for SPDV and DGRE.

Drawdown Indicators

	SPDV	DGRE	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-36.95%	-6.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.80%	-13.68%	+7.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	-20.65%	+2.03%
Max Drawdown (5Y) Largest decline over 5 years	-21.31%	-33.99%	+12.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.95%	—
Current Drawdown Current decline from peak	-2.37%	-5.67%	+3.30%
Average Drawdown Average peak-to-trough decline	-6.53%	-11.96%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	3.48%	-1.44%

Volatility

SPDV vs. DGRE - Volatility Comparison

The current volatility for AAM S&P 500 High Dividend Value ETF (SPDV) is 3.66%, while WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a volatility of 11.80%. This indicates that SPDV experiences smaller price fluctuations and is considered to be less risky than DGRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPDV	DGRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	11.80%	-8.14%
Volatility (6M) Calculated over the trailing 6-month period	8.33%	20.85%	-12.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	22.57%	-10.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	18.71%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.28%	19.83%	+0.45%

SPDV vs. DGRE - Expense Ratio Comparison

SPDV has a 0.29% expense ratio, which is lower than DGRE's 0.32% expense ratio.

Dividends

SPDV vs. DGRE - Dividend Comparison

SPDV's dividend yield for the trailing twelve months is around 3.34%, more than DGRE's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.22%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
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

Can I hold both SPDV and DGRE in my portfolio?

SPDV and DGRE have a correlation of 0.38, 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 DGRE?

DGRE has higher volatility (11.80%) compared to SPDV (3.66%). In terms of maximum drawdown, SPDV dropped -43.81% vs DGRE's -36.95%.

Which ETF is better, SPDV or DGRE?

On 5-year performance, SPDV leads with 9.01% vs 8.42% for DGRE. On fees, SPDV is cheaper at 0.29% per year. On volatility, SPDV has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPDV or DGRE?

Over the 5-year period, SPDV has performed better with a 9.01% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPDV or DGRE?

SPDV is cheaper with a 0.29% expense ratio, compared with 0.32% for DGRE.

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

SPDV has the higher dividend yield at 3.34%, compared with 1.22% for DGRE.

What is the main difference between SPDV and DGRE?

SPDV is categorized as Dividend, while DGRE is Emerging Markets Equities. They also come from different issuers: Advisors Asset Management and WisdomTree. Their fees differ too: 0.29% for SPDV and 0.32% for DGRE.

Which has better risk-adjusted returns?

DGRE currently has the higher Sharpe Ratio (2.30 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.