TDIV vs. SPYD
Compare and contrast key facts about First Trust NASDAQ Technology Dividend Index Fund (TDIV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
TDIV and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012. 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. Both TDIV and SPYD 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: TDIV or SPYD.
Key characteristics
| TDIV | SPYD | |
|---|---|---|
| YTD Return | 26.37% | 20.52% |
| 1Y Return | 35.99% | 34.92% |
| 3Y Return (Ann) | 12.30% | 7.98% |
| 5Y Return (Ann) | 16.19% | 8.16% |
| Sharpe Ratio | 2.25 | 2.96 |
| Sortino Ratio | 3.03 | 4.19 |
| Omega Ratio | 1.38 | 1.54 |
| Calmar Ratio | 3.43 | 2.46 |
| Martin Ratio | 12.86 | 20.60 |
| Ulcer Index | 3.05% | 1.96% |
| Daily Std Dev | 17.40% | 13.64% |
| Max Drawdown | -31.97% | -46.42% |
| Current Drawdown | -2.44% | -1.02% |
Correlation
The correlation between TDIV and SPYD is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TDIV vs. SPYD - Performance Comparison
In the year-to-date period, TDIV achieves a 26.37% return, which is significantly higher than SPYD's 20.52% 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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TDIV vs. SPYD - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
TDIV vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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
TDIV vs. SPYD - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.56%, less than SPYD's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.56% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% | 2.31% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.05% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
TDIV vs. SPYD - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for TDIV and SPYD. For additional features, visit the drawdowns tool.
Volatility
TDIV vs. SPYD - Volatility Comparison
First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 4.73% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.59%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.