SVAIX vs. SPDG

Last updated Jun 23, 2026

SVAIX (Federated Hermes Strategic Value Dividend Fund) and SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) are both funds - SVAIX is a Large Cap Value Equities fund managed by Federated, while SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index. Over the past year, SVAIX returned 19.98% vs 26.82% for SPDG. A 0.56 correlation means they provide meaningful diversification when combined. SVAIX charges 0.81%/yr vs 0.05%/yr for SPDG.

Performance

SVAIX vs. SPDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Strategic Value Dividend Fund (SVAIX) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVAIX achieves a 8.76% return, which is significantly lower than SPDG's 15.07% return.

SVAIX

• 1D: -0.58%
• 1M: -2.42%
• YTD: 8.76%
• 6M: 8.76%
• 1Y: 19.98%
• 3Y*: 14.42%
• 5Y*: 10.82%
• 10Y*: 8.07%

SPDG

• 1D: 0.53%
• 1M: 0.00%
• YTD: 15.07%
• 6M: 13.92%
• 1Y: 26.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SVAIX vs. SPDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SVAIX Federated Hermes Strategic Value Dividend Fund	8.76%	15.26%	16.47%	5.79%
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	15.07%	11.66%	20.22%	8.09%

Correlation

The correlation between SVAIX and SPDG is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.56

The correlation between SVAIX and SPDG has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

SVAIX vs. SPDG — Risk / Return Rank

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

SVAIX

SVAIX Risk / Return Rank: 78
SVAIX Sharpe Ratio Rank: 75
SVAIX Sortino Ratio Rank: 75
SVAIX Omega Ratio Rank: 59
SVAIX Calmar Ratio Rank: 95
SVAIX Martin Ratio Rank: 84

SPDG

SPDG Risk / Return Rank: 67
SPDG Sharpe Ratio Rank: 69
SPDG Sortino Ratio Rank: 71
SPDG Omega Ratio Rank: 67
SPDG Calmar Ratio Rank: 67
SPDG Martin Ratio Rank: 61

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.

SVAIX vs. SPDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Strategic Value Dividend Fund (SVAIX) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). 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.

	SVAIX	SPDG	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.17	+0.15
Sortino ratio: Return per unit of downside risk	3.31	3.09	+0.22
Omega ratio: Gain probability vs. loss probability	1.39	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	5.36	3.23	+2.13
Martin ratio: Return relative to average drawdown	14.47	10.69	+3.78

SVAIX vs. SPDG - Sharpe Ratio Comparison

The current SVAIX Sharpe Ratio is 2.32, which is comparable to the SPDG Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SVAIX and SPDG, 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

SVAIX vs. SPDG - Drawdown Comparison

The maximum SVAIX drawdown since its inception was -50.62%, which is greater than SPDG's maximum drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for SVAIX and SPDG.

Drawdown Indicators

	SVAIX	SPDG	Difference
Max Drawdown Largest peak-to-trough decline	-50.62%	-15.67%	-34.95%
Max Drawdown (1Y) Largest decline over 1 year	-4.66%	-8.34%	+3.68%
Max Drawdown (3Y) Largest decline over 3 years	-12.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	—	—
Current Drawdown Current decline from peak	-3.52%	-2.05%	-1.47%
Average Drawdown Average peak-to-trough decline	-7.69%	-2.19%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.51%	-0.85%

Volatility

SVAIX vs. SPDG - Volatility Comparison

The current volatility for Federated Hermes Strategic Value Dividend Fund (SVAIX) is 4.00%, while SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a volatility of 4.76%. This indicates that SVAIX experiences smaller price fluctuations and is considered to be less risky than SPDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVAIX	SPDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	4.76%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	9.63%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.75%	12.44%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.68%	14.21%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	14.21%	+1.26%

SVAIX vs. SPDG - Expense Ratio Comparison

SVAIX has a 0.81% expense ratio, which is higher than SPDG's 0.05% expense ratio.

Dividends

SVAIX vs. SPDG - Dividend Comparison

SVAIX's dividend yield for the trailing twelve months is around 6.05%, more than SPDG's 3.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	3.36%	2.87%	2.61%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SVAIX Federated Hermes Strategic Value Dividend Fund	6.05%	6.41%	7.58%	4.32%	9.68%	3.72%	4.28%	8.75%	8.54%	10.36%	5.24%	8.67%

Frequently Asked Questions

Can I hold both SVAIX and SPDG in my portfolio?

SVAIX and SPDG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVAIX or SPDG?

SPDG has higher volatility (4.76%) compared to SVAIX (4.00%). In terms of maximum drawdown, SVAIX dropped -50.62% vs SPDG's -15.67%.

Which has better risk-adjusted returns?

SVAIX currently has the higher Sharpe Ratio (2.32 vs 2.17), 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.