SPDV vs. SPYD
Compare and contrast key facts about AAM S&P 500 High Dividend Value ETF (SPDV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPDV and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both SPDV and SPYD 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. SPYD - Performance Comparison
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SPDV vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -6.59% | 3.65% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 6.32% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 1.62% |
Returns By Period
In the year-to-date period, SPDV achieves a 8.31% return, which is significantly higher than SPYD's 6.32% return.
SPDV
- 1D
- 0.78%
- 1M
- -2.66%
- YTD
- 8.31%
- 6M
- 9.18%
- 1Y
- 18.90%
- 3Y*
- 14.04%
- 5Y*
- 8.98%
- 10Y*
- —
SPYD
- 1D
- 0.91%
- 1M
- -4.18%
- YTD
- 6.32%
- 6M
- 5.84%
- 1Y
- 7.66%
- 3Y*
- 11.19%
- 5Y*
- 7.79%
- 10Y*
- 8.49%
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SPDV vs. SPYD - Expense Ratio Comparison
SPDV has a 0.29% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Return for Risk
SPDV vs. SPYD — Risk / Return Rank
SPDV
SPYD
SPDV vs. SPYD - 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 SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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 | SPYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.49 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.79 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.73 | +0.71 |
Martin ratioReturn relative to average drawdown | 6.09 | 2.60 | +3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPDV | SPYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.49 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.45 | -0.03 |
Correlation
The correlation between SPDV and SPYD is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPDV vs. SPYD - Dividend Comparison
SPDV's dividend yield for the trailing twelve months is around 3.50%, less than SPYD's 4.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.37% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Drawdowns
SPDV vs. SPYD - Drawdown Comparison
The maximum SPDV drawdown since its inception was -43.81%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPDV and SPYD.
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Drawdown Indicators
| SPDV | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -46.42% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -12.35% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -22.25% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -3.31% | -4.34% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -6.24% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 3.46% | -0.17% |
Volatility
SPDV vs. SPYD - Volatility Comparison
AAM S&P 500 High Dividend Value ETF (SPDV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 3.07% and 3.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPDV | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.08% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 8.62% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 15.71% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 16.25% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 19.80% | +0.68% |