SPYD vs. DIV

Last updated Jun 23, 2026

SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index, while DIV is a Mid Cap Value Equities fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 10 years, SPYD returned 8.76%/yr vs 3.96%/yr for DIV. Their correlation of 0.86 suggests significant overlap in exposure. SPYD charges 0.07%/yr vs 0.45%/yr for DIV.

Performance

SPYD vs. DIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and Global X SuperDividend U.S. ETF (DIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPYD having a 11.52% return and DIV slightly lower at 11.37%. Over the past 10 years, SPYD has outperformed DIV with an annualized return of 8.76%, while DIV has yielded a comparatively lower 3.96% annualized return.

SPYD

• 1D: 0.52%
• 1M: 0.07%
• YTD: 11.52%
• 6M: 11.31%
• 1Y: 17.94%
• 3Y*: 14.80%
• 5Y*: 7.99%
• 10Y*: 8.76%

DIV

• 1D: 0.37%
• 1M: -3.42%
• YTD: 11.37%
• 6M: 11.46%
• 1Y: 13.92%
• 3Y*: 12.17%
• 5Y*: 5.27%
• 10Y*: 3.96%

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

SPYD vs. DIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	11.52%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	12.67%
DIV Global X SuperDividend U.S. ETF	11.37%	3.10%	11.27%	-1.73%	-3.92%	30.60%	-22.85%	14.50%	-6.60%	9.90%

Correlation

The correlation between SPYD and DIV is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015	0.86

The correlation between SPYD and DIV has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

SPYD vs. DIV - Sectors Allocation Comparison

Sectors	SPYD	DIV
Real Estate	26.5%	20.1%
Consumer Defensive	16.0%	10.8%
Financial Services	11.9%	3.8%
Utilities	11.2%	11.7%
Energy	8.5%	23.2%
Consumer Cyclical	7.3%	3.7%
Healthcare	5.3%	3.4%
Communication Services	4.8%	6.5%
Technology	3.2%	-
Basic Materials	3.0%	4.3%
Industrials	2.3%	11.9%

Return for Risk

SPYD vs. DIV — Risk / Return Rank

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

SPYD

SPYD Risk / Return Rank: 46
SPYD Sharpe Ratio Rank: 45
SPYD Sortino Ratio Rank: 47
SPYD Omega Ratio Rank: 41
SPYD Calmar Ratio Rank: 53
SPYD Martin Ratio Rank: 46

DIV

DIV Risk / Return Rank: 42
DIV Sharpe Ratio Rank: 38
DIV Sortino Ratio Rank: 38
DIV Omega Ratio Rank: 35
DIV Calmar Ratio Rank: 56
DIV Martin Ratio Rank: 45

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.

SPYD vs. DIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and Global X SuperDividend U.S. ETF (DIV). 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.

	SPYD	DIV	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.33	+0.19
Sortino ratio: Return per unit of downside risk	2.27	1.91	+0.36
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.55	2.67	-0.12
Martin ratio: Return relative to average drawdown	7.37	7.27	+0.10

SPYD vs. DIV - Sharpe Ratio Comparison

The current SPYD Sharpe Ratio is 1.52, which is comparable to the DIV Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SPYD and DIV, 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

SPYD vs. DIV - Drawdown Comparison

The maximum SPYD drawdown since its inception was -46.42%, smaller than the maximum DIV drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for SPYD and DIV.

Drawdown Indicators

	SPYD	DIV	Difference
Max Drawdown Largest peak-to-trough decline	-46.42%	-52.74%	+6.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-5.23%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-12.33%	-3.80%
Max Drawdown (5Y) Largest decline over 5 years	-22.25%	-21.14%	-1.11%
Max Drawdown (10Y) Largest decline over 10 years	-46.42%	-52.74%	+6.32%
Current Drawdown Current decline from peak	-2.80%	-3.42%	+0.62%
Average Drawdown Average peak-to-trough decline	-6.15%	-7.01%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	1.92%	+0.52%

Volatility

SPYD vs. DIV - Volatility Comparison

State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a higher volatility of 3.59% compared to Global X SuperDividend U.S. ETF (DIV) at 3.13%. This indicates that SPYD's price experiences larger fluctuations and is considered to be riskier than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYD	DIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.13%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	7.35%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	10.52%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	13.67%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.80%	18.00%	+1.80%

SPYD vs. DIV - Expense Ratio Comparison

SPYD has a 0.07% expense ratio, which is lower than DIV's 0.45% expense ratio.

Dividends

SPYD vs. DIV - Dividend Comparison

SPYD's dividend yield for the trailing twelve months is around 5.36%, less than DIV's 6.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIV Global X SuperDividend U.S. ETF	6.89%	7.30%	5.74%	7.13%	6.62%	5.24%	8.01%	7.65%	7.08%	5.92%	6.78%	8.44%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	5.36%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both SPYD and DIV in my portfolio?

SPYD and DIV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYD or DIV?

SPYD has higher volatility (3.59%) compared to DIV (3.13%). In terms of maximum drawdown, SPYD dropped -46.42% vs DIV's -52.74%.

Which ETF is better, SPYD or DIV?

On 10-year performance, SPYD leads with 8.76% vs 3.96% for DIV. On fees, SPYD is cheaper at 0.07% per year. On volatility, DIV has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYD or DIV?

Over the 10-year period, SPYD has performed better with a 8.76% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYD or DIV?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.45% for DIV.

Which ETF pays a higher dividend yield, SPYD or DIV?

DIV has the higher dividend yield at 6.89%, compared with 5.36% for SPYD.

What is the main difference between SPYD and DIV?

SPYD is categorized as S&P 500, while DIV is Mid Cap Value Equities. SPYD tracks S&P 500 High Dividend Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.07% for SPYD and 0.45% for DIV.

Which has better risk-adjusted returns?

SPYD currently has the higher Sharpe Ratio (1.52 vs 1.33), 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.