SPYD vs. SDY
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and SPDR S&P Dividend ETF (SDY).
SPYD and SDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. Both SPYD and SDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYD or SDY.
Key characteristics
| SPYD | SDY | |
|---|---|---|
| YTD Return | 3.04% | 3.48% |
| 1Y Return | 15.47% | 8.34% |
| 3Y Return (Ann) | 3.72% | 3.59% |
| 5Y Return (Ann) | 5.60% | 7.73% |
| Sharpe Ratio | 0.89 | 0.65 |
| Daily Std Dev | 15.76% | 11.76% |
| Max Drawdown | -46.42% | -54.75% |
| Current Drawdown | -3.57% | -2.01% |
Correlation
The correlation between SPYD and SDY is 0.91, 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.
Performance
SPYD vs. SDY - Performance Comparison
In the year-to-date period, SPYD achieves a 3.04% return, which is significantly lower than SDY's 3.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYD vs. SDY - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is lower than SDY's 0.35% expense ratio.
Risk-Adjusted Performance
SPYD vs. SDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and SPDR S&P Dividend ETF (SDY). 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.
Dividends
SPYD vs. SDY - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.53%, more than SDY's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.53% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
SDY SPDR S&P Dividend ETF | 2.56% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% | 4.74% | 3.95% |
Drawdowns
SPYD vs. SDY - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, smaller than the maximum SDY drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for SPYD and SDY. For additional features, visit the drawdowns tool.
Volatility
SPYD vs. SDY - Volatility Comparison
SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a higher volatility of 4.59% compared to SPDR S&P Dividend ETF (SDY) at 3.06%. This indicates that SPYD's price experiences larger fluctuations and is considered to be riskier than SDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.