SPXD vs. VMAX

Last updated Jun 26, 2026

SPXD (Xtrackers S&P 500 Diversified Sector Weight ETF) and VMAX (Hartford US Value ETF) are both Large Cap Value Equities funds. SPXD is passively managed, while VMAX is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. SPXD charges 0.09%/yr vs 0.29%/yr for VMAX.

Performance

SPXD vs. VMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) and Hartford US Value ETF (VMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPXD achieves a 10.76% return, which is significantly lower than VMAX's 15.89% return.

SPXD

• 1D: 0.31%
• 1M: 1.45%
• YTD: 10.76%
• 6M: 9.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VMAX

• 1D: 0.74%
• 1M: 3.06%
• YTD: 15.89%
• 6M: 14.20%
• 1Y: 29.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPXD vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025
SPXD Xtrackers S&P 500 Diversified Sector Weight ETF	10.76%	4.54%
VMAX Hartford US Value ETF	15.89%	7.12%

Correlation

The correlation between SPXD and VMAX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.87

Return for Risk

SPXD vs. VMAX — Risk / Return Rank

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

SPXD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VMAX

VMAX Risk / Return Rank: 88
VMAX Sharpe Ratio Rank: 86
VMAX Sortino Ratio Rank: 85
VMAX Omega Ratio Rank: 83
VMAX Calmar Ratio Rank: 94
VMAX Martin Ratio Rank: 93

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.

SPXD vs. VMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) and Hartford US Value ETF (VMAX). 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.

	SPXD	VMAX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.44	—
Sortino ratio: Return per unit of downside risk	—	3.32	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	6.08	—
Martin ratio: Return relative to average drawdown	—	21.32	—

Drawdowns

SPXD vs. VMAX - Drawdown Comparison

The maximum SPXD drawdown since its inception was -7.53%, smaller than the maximum VMAX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for SPXD and VMAX.

Drawdown Indicators

	SPXD	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	-7.53%	-19.05%	+11.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.93%	—
Current Drawdown Current decline from peak	-0.59%	0.00%	-0.59%
Average Drawdown Average peak-to-trough decline	-1.21%	-2.52%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.40%	—

Volatility

Volatility by Period

	SPXD	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	12.29%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	15.39%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.84%	15.39%	-4.55%

SPXD vs. VMAX - Expense Ratio Comparison

SPXD has a 0.09% expense ratio, which is lower than VMAX's 0.29% expense ratio.

Dividends

SPXD vs. VMAX - Dividend Comparison

SPXD's dividend yield for the trailing twelve months is around 1.40%, less than VMAX's 1.86% yield.

Position	TTM	2025	2024
SPXD Xtrackers S&P 500 Diversified Sector Weight ETF	1.40%	0.76%	0.00%
VMAX Hartford US Value ETF	1.86%	2.14%	1.95%

Frequently Asked Questions

Can I hold both SPXD and VMAX in my portfolio?

SPXD and VMAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXD or VMAX?

On fees, SPXD is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXD or VMAX?

SPXD is cheaper with a 0.09% expense ratio, compared with 0.29% for VMAX.

Which ETF pays a higher dividend yield, SPXD or VMAX?

VMAX has the higher dividend yield at 1.86%, compared with 1.40% for SPXD.

What is the main difference between SPXD and VMAX?

They also come from different issuers: Xtrackers and Hartford. Their fees differ too: 0.09% for SPXD and 0.29% for VMAX.