STW.AX vs. RDV.AX

Last updated Aug 1, 2026

STW.AX (State Street SPDR S&P/ASX 200 ETF) and RDV.AX (Russell Investments High Dividend Australian Shares ETF) are both Australia Equities funds - STW.AX tracks the S&P/ASX 200 Index while RDV.AX tracks the Russell Australia High Dividend Index. Both are passively managed. Over the past 10 years, STW.AX returned 8.97%/yr vs 7.60%/yr for RDV.AX. Their correlation of 0.86 means they have usually moved in the same direction. STW.AX charges 0.05%/yr vs 0.34%/yr for RDV.AX.

Performance

STW.AX vs. RDV.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in State Street SPDR S&P/ASX 200 ETF (STW.AX) and Russell Investments High Dividend Australian Shares ETF (RDV.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STW.AX achieves a 4.77% return, which is significantly lower than RDV.AX's 6.55% return. Over the past 10 years, STW.AX has outperformed RDV.AX with an annualized return of 8.97%, while RDV.AX has yielded a comparatively lower 7.60% annualized return.

STW.AX

• 1D: 0.20%
• 1M: 1.56%
• 6M: 2.76%
• YTD: 4.77%
• 1Y: 6.97%
• 3Y*: 10.18%
• 5Y*: 7.94%
• 10Y*: 8.97%
• ALL TIME*: 6.43%

RDV.AX

• 1D: -0.28%
• 1M: 3.61%
• 6M: 5.18%
• YTD: 6.55%
• 1Y: 8.90%
• 3Y*: 11.43%
• 5Y*: 8.74%
• 10Y*: 7.60%
• ALL TIME*: 7.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RDV.AX Russell Investments High Dividend Australian Shares ETF	A$329.73K	A$535.42K	A$425.19K
STW.AX State Street SPDR S&P/ASX 200 ETF	A$10.64M	A$10.43M	A$10.02M

STW.AX vs. RDV.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STW.AX State Street SPDR S&P/ASX 200 ETF	4.77%	10.21%	11.50%	12.18%	-1.26%	16.70%	1.89%	23.18%	-2.92%	11.55%
RDV.AX Russell Investments High Dividend Australian Shares ETF	6.55%	12.55%	12.31%	8.23%	2.30%	15.36%	-5.86%	19.92%	-9.14%	9.86%

Correlation

The correlation between STW.AX and RDV.AX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since May 14, 2010	0.86

The correlation between STW.AX and RDV.AX shifts across timeframes, from 0.71 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

STW.AX vs. RDV.AX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STW.AX

STW.AX Risk / Return Rank: 22
STW.AX Sharpe Ratio Rank: 23
STW.AX Sortino Ratio Rank: 21
STW.AX Omega Ratio Rank: 21
STW.AX Calmar Ratio Rank: 24
STW.AX Martin Ratio Rank: 23

RDV.AX

RDV.AX Risk / Return Rank: 31
RDV.AX Sharpe Ratio Rank: 31
RDV.AX Sortino Ratio Rank: 29
RDV.AX Omega Ratio Rank: 29
RDV.AX Calmar Ratio Rank: 36
RDV.AX Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STW.AX vs. RDV.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P/ASX 200 ETF (STW.AX) and Russell Investments High Dividend Australian Shares ETF (RDV.AX). 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.

	STW.AX	RDV.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.48	0.77	-0.29
Sortino ratio: Return per unit of downside risk	0.77	1.11	-0.35
Omega ratio: Gain probability vs. loss probability	1.09	1.14	-0.05
Calmar ratio: Return relative to maximum drawdown	0.68	1.25	-0.57
Martin ratio: Return relative to average drawdown	1.61	2.35	-0.74

STW.AX vs. RDV.AX - Sharpe Ratio Comparison

The current STW.AX Sharpe Ratio is 0.48, which is lower than the RDV.AX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of STW.AX and RDV.AX, 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

STW.AX vs. RDV.AX - Drawdown Comparison

The maximum STW.AX drawdown since its inception was -50.66%, which is greater than RDV.AX's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for STW.AX and RDV.AX.

Drawdown Indicators

	STW.AX	RDV.AX	Difference
Max Drawdown Largest peak-to-trough decline	-50.66%	-40.60%	-10.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-6.38%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-10.09%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-14.82%	-14.71%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-34.99%	-40.60%	+5.61%
Current Drawdown Current decline from peak	-1.28%	-1.07%	-0.21%
Average Drawdown Average peak-to-trough decline	-9.78%	-5.15%	-4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	3.46%	+0.18%

Volatility

STW.AX vs. RDV.AX - Volatility Comparison

State Street SPDR S&P/ASX 200 ETF (STW.AX) has a higher volatility of 2.73% compared to Russell Investments High Dividend Australian Shares ETF (RDV.AX) at 2.44%. This indicates that STW.AX's price experiences larger fluctuations and is considered to be riskier than RDV.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STW.AX	RDV.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.44%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.20%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	10.39%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	12.20%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	14.78%	-0.43%

STW.AX vs. RDV.AX - Expense Ratio Comparison

STW.AX has a 0.05% expense ratio, which is lower than RDV.AX's 0.34% expense ratio.

Dividends

STW.AX vs. RDV.AX - Dividend Comparison

STW.AX's dividend yield for the trailing twelve months is around 3.63%, less than RDV.AX's 3.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDV.AX Russell Investments High Dividend Australian Shares ETF	3.95%	4.60%	4.02%	4.90%	6.65%	4.12%	3.21%	6.54%	7.41%	5.41%	4.44%	5.93%
STW.AX State Street SPDR S&P/ASX 200 ETF	3.63%	3.49%	3.65%	4.22%	6.80%	3.75%	2.27%	4.68%	4.55%	4.10%	3.89%	3.85%

Frequently Asked Questions

Can I hold both STW.AX and RDV.AX in my portfolio?

STW.AX and RDV.AX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STW.AX or RDV.AX?

On fees, STW.AX is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STW.AX or RDV.AX?

STW.AX is cheaper with a 0.05% expense ratio, compared with 0.34% for RDV.AX.

What is the main difference between STW.AX and RDV.AX?

STW.AX tracks S&P/ASX 200 Index, while RDV.AX tracks Russell Australia High Dividend Index. They also come from different issuers: SPDR and Russell. Their fees differ too: 0.05% for STW.AX and 0.34% for RDV.AX.