SPDV vs. DMDV

Last updated Apr 1, 2026

Compare and contrast key facts about AAM S&P 500 High Dividend Value ETF (SPDV) and AAM S&P Developed Markets High Dividend Value ETF (DMDV).

SPDV and DMDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. DMDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. It was launched on Nov 27, 2018. Both SPDV and DMDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPDV vs. DMDV - 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 AAM S&P Developed Markets High Dividend Value ETF (DMDV). The values are adjusted to include any dividend payments, if applicable.

SPDV vs. DMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPDV AAM S&P 500 High Dividend Value ETF	8.31%	10.90%	14.40%	5.45%	-2.27%	29.54%	-6.09%	20.46%	-9.53%
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	30.25%	-8.11%

Returns By Period

SPDV

• 1D: 0.78%
• 1M: -2.66%
• YTD: 8.31%
• 6M: 9.18%
• 1Y: 18.90%
• 3Y*: 14.04%
• 5Y*: 8.98%
• 10Y*: —

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPDV vs. DMDV - Expense Ratio Comparison

SPDV has a 0.29% expense ratio, which is lower than DMDV's 0.39% expense ratio.

DMDV

AAM S&P Developed Markets High Dividend Value ETF

SPDV

AAM S&P 500 High Dividend Value ETF

Return for Risk

SPDV vs. DMDV — Risk / Return Rank

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

SPDV

SPDV Risk / Return Rank: 62
SPDV Sharpe Ratio Rank: 63
SPDV Sortino Ratio Rank: 64
SPDV Omega Ratio Rank: 63
SPDV Calmar Ratio Rank: 59
SPDV Martin Ratio Rank: 63

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. DMDV - 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 AAM S&P Developed Markets High Dividend Value ETF (DMDV). 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.

	SPDV	DMDV	Difference
Sharpe ratio Return per unit of total volatility	1.08	—	—
Sortino ratio Return per unit of downside risk	1.58	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.44	—	—
Martin ratio Return relative to average drawdown	6.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPDV	DMDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	—	—

Correlation

The correlation between SPDV and DMDV is 0.63, 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.

Dividends

SPDV vs. DMDV - Dividend Comparison

SPDV's dividend yield for the trailing twelve months is around 3.50%, while DMDV has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPDV AAM S&P 500 High Dividend Value ETF	3.50%	3.85%	3.54%	3.95%	3.73%	3.08%	3.90%	3.54%	3.63%	0.28%
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%	0.00%

Drawdowns

Drawdown Indicators

	SPDV	DMDV	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.31%	—	—
Current Drawdown Current decline from peak	-3.31%	—	—
Average Drawdown Average peak-to-trough decline	-6.67%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	—	—

Volatility

Volatility by Period

	SPDV	DMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	—	—