TMDV vs. SPY
Compare and contrast key facts about ProShares Russell U.S. Dividend Growers ETF (TMDV) and SPDR S&P 500 ETF (SPY).
TMDV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMDV is a passively managed fund by ProShares that tracks the performance of the Russell 3000 Dividend Elite Index. It was launched on Nov 5, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TMDV and SPY 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: TMDV or SPY.
Key characteristics
| TMDV | SPY | |
|---|---|---|
| YTD Return | 10.03% | 27.16% |
| 1Y Return | 21.33% | 37.73% |
| 3Y Return (Ann) | 3.25% | 10.28% |
| 5Y Return (Ann) | 7.48% | 15.97% |
| Sharpe Ratio | 1.82 | 3.25 |
| Sortino Ratio | 2.63 | 4.32 |
| Omega Ratio | 1.33 | 1.61 |
| Calmar Ratio | 1.80 | 4.74 |
| Martin Ratio | 8.74 | 21.51 |
| Ulcer Index | 2.53% | 1.85% |
| Daily Std Dev | 12.18% | 12.20% |
| Max Drawdown | -33.42% | -55.19% |
| Current Drawdown | -0.09% | 0.00% |
Correlation
The correlation between TMDV and SPY is 0.74, 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
TMDV vs. SPY - Performance Comparison
In the year-to-date period, TMDV achieves a 10.03% return, which is significantly lower than SPY's 27.16% 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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TMDV vs. SPY - Expense Ratio Comparison
TMDV has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TMDV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) and SPDR S&P 500 ETF (SPY). 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
TMDV vs. SPY - Dividend Comparison
TMDV's dividend yield for the trailing twelve months is around 2.49%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMDV ProShares Russell U.S. Dividend Growers ETF | 2.49% | 2.45% | 2.46% | 2.14% | 2.28% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TMDV vs. SPY - Drawdown Comparison
The maximum TMDV drawdown since its inception was -33.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TMDV and SPY. For additional features, visit the drawdowns tool.
Volatility
TMDV vs. SPY - Volatility Comparison
ProShares Russell U.S. Dividend Growers ETF (TMDV) and SPDR S&P 500 ETF (SPY) have volatilities of 4.10% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.