SPDV vs. DIVB
SPDV (AAM S&P 500 High Dividend Value ETF) and DIVB (iShares Core Dividend ETF) are both Dividend funds - SPDV tracks the S&P 500 Dividend and Free Cash Flow Yield Index while DIVB tracks the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, SPDV returned 9.01%/yr vs 12.39%/yr for DIVB. Their correlation of 0.87 suggests significant overlap in exposure. SPDV charges 0.29%/yr vs 0.05%/yr for DIVB.
Performance
SPDV vs. DIVB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPDV achieves a 13.31% return, which is significantly lower than DIVB's 17.14% return.
SPDV
- 1D
- 0.10%
- 1M
- -0.63%
- YTD
- 13.31%
- 6M
- 13.16%
- 1Y
- 24.69%
- 3Y*
- 16.36%
- 5Y*
- 9.01%
- 10Y*
- —
DIVB
- 1D
- 1.02%
- 1M
- 1.64%
- YTD
- 17.14%
- 6M
- 16.48%
- 1Y
- 27.72%
- 3Y*
- 21.75%
- 5Y*
- 12.39%
- 10Y*
- —
SPDV vs. DIVB - 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% |
DIVB iShares Core Dividend ETF | 17.14% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 4.86% |
Correlation
The correlation between SPDV and DIVB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2017 | 0.87 |
The correlation between SPDV and DIVB has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPDV vs. DIVB — Risk / Return Rank
SPDV
DIVB
SPDV vs. DIVB - 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 iShares Core Dividend ETF (DIVB). 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 | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 4.08 | +0.20 |
| Martin ratioReturn relative to average drawdown | 12.11 | 13.64 | -1.53 |
Loading charts...
Drawdowns
SPDV vs. DIVB - Drawdown Comparison
The maximum SPDV drawdown since its inception was -43.81%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for SPDV and DIVB.
Loading charts...
Drawdown Indicators
| SPDV | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -36.93% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -6.82% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.62% | -15.45% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -21.08% | -0.23% |
Current DrawdownCurrent decline from peak | -2.37% | -1.10% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -4.97% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.04% | 0.00% |
Volatility
SPDV vs. DIVB - Volatility Comparison
The current volatility for AAM S&P 500 High Dividend Value ETF (SPDV) is 3.66%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.61%. This indicates that SPDV experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPDV | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 4.61% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 8.84% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 11.70% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 15.26% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 18.36% | +1.92% |
SPDV vs. DIVB - Expense Ratio Comparison
SPDV has a 0.29% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
SPDV vs. DIVB - Dividend Comparison
SPDV's dividend yield for the trailing twelve months is around 3.34%, more than DIVB's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.27% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
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% |
Frequently Asked Questions
SPDV and DIVB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.61%) compared to SPDV (3.66%). In terms of maximum drawdown, SPDV dropped -43.81% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.39% vs 9.01% for SPDV. On fees, DIVB is cheaper at 0.05% 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.
Over the 5-year period, DIVB has performed better with a 12.39% return vs 9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.29% for SPDV.
SPDV has the higher dividend yield at 3.34%, compared with 2.27% for DIVB.
SPDV tracks S&P 500 Dividend and Free Cash Flow Yield Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Advisors Asset Management and iShares. Their fees differ too: 0.29% for SPDV and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.38 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.
Find the right allocation for SPDV and DIVB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer