WDIV.AX vs. RDV.AX

Last updated Jul 16, 2026

WDIV.AX (SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF) and RDV.AX (Russell Investments High Dividend Australian Shares ETF) are both Dividend funds - WDIV.AX tracks the SPDR Index while RDV.AX tracks the Russell Investments High Dividend Australian Shares Index. Both are passively managed. Over the past 10 years, WDIV.AX returned 7.87%/yr vs 7.62%/yr for RDV.AX. At a 0.44 correlation, their price movements are largely independent.

Performance

WDIV.AX vs. RDV.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.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, WDIV.AX achieves a 6.44% return, which is significantly higher than RDV.AX's 4.38% return. Both investments have delivered pretty close results over the past 10 years, with WDIV.AX having a 7.87% annualized return and RDV.AX not far behind at 7.62%.

WDIV.AX

• 1D: 0.47%
• 1M: 1.59%
• 6M: 5.52%
• YTD: 6.44%
• 1Y: 12.96%
• 3Y*: 15.59%
• 5Y*: 9.61%
• 10Y*: 7.87%

RDV.AX

• 1D: 0.38%
• 1M: 0.57%
• 6M: 4.47%
• YTD: 4.38%
• 1Y: 6.90%
• 3Y*: 11.54%
• 5Y*: 8.31%
• 10Y*: 7.62%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDIV.AX SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF	6.44%	19.30%	15.11%	5.95%	-0.52%	20.51%	-17.75%	18.87%	1.84%	7.10%
RDV.AX Russell Investments High Dividend Australian Shares ETF	4.38%	12.55%	12.31%	8.23%	2.30%	15.36%	-5.86%	19.92%	-9.14%	9.86%

Correlation

The correlation between WDIV.AX and RDV.AX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013	0.44

The correlation between WDIV.AX and RDV.AX shifts across timeframes, from 0.34 (1 year) to 0.47 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

WDIV.AX

WDIV.AX Risk / Return Rank: 41
WDIV.AX Sharpe Ratio Rank: 39
WDIV.AX Sortino Ratio Rank: 41
WDIV.AX Omega Ratio Rank: 44
WDIV.AX Calmar Ratio Rank: 41
WDIV.AX Martin Ratio Rank: 38

RDV.AX

RDV.AX Risk / Return Rank: 23
RDV.AX Sharpe Ratio Rank: 24
RDV.AX Sortino Ratio Rank: 22
RDV.AX Omega Ratio Rank: 22
RDV.AX Calmar Ratio Rank: 28
RDV.AX Martin Ratio Rank: 22

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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.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.

	WDIV.AX	RDV.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	0.71	+0.45
Sortino ratio: Return per unit of downside risk	1.79	1.03	+0.76
Omega ratio: Gain probability vs. loss probability	1.24	1.13	+0.11
Calmar ratio: Return relative to maximum drawdown	1.72	1.16	+0.56
Martin ratio: Return relative to average drawdown	4.90	2.19	+2.71

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

The current WDIV.AX Sharpe Ratio is 1.16, which is higher than the RDV.AX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of WDIV.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

WDIV.AX vs. RDV.AX - Drawdown Comparison

The maximum WDIV.AX drawdown since its inception was -32.49%, smaller than the maximum RDV.AX drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for WDIV.AX and RDV.AX.

Drawdown Indicators

	WDIV.AX	RDV.AX	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	-40.60%	+8.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	-6.38%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-7.29%	-10.09%	+2.80%
Max Drawdown (5Y) Largest decline over 5 years	-10.93%	-14.71%	+3.78%
Max Drawdown (10Y) Largest decline over 10 years	-32.49%	-40.60%	+8.11%
Current Drawdown Current decline from peak	0.00%	-1.31%	+1.31%
Average Drawdown Average peak-to-trough decline	-5.10%	-5.16%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	3.45%	-0.86%

Volatility

WDIV.AX vs. RDV.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.AX) has a higher volatility of 2.65% compared to Russell Investments High Dividend Australian Shares ETF (RDV.AX) at 2.10%. This indicates that WDIV.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

	WDIV.AX	RDV.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.10%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	7.21%	8.19%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	10.44%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.22%	12.19%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.00%	14.78%	-2.78%

Dividends

WDIV.AX vs. RDV.AX - Dividend Comparison

WDIV.AX's dividend yield for the trailing twelve months is around 10.47%, more than RDV.AX's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDV.AX Russell Investments High Dividend Australian Shares ETF	4.03%	4.60%	4.02%	4.90%	6.65%	4.12%	3.21%	6.54%	7.41%	5.41%	4.44%	5.93%
WDIV.AX SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF	10.47%	7.31%	2.90%	4.72%	4.45%	4.11%	5.81%	4.95%	7.54%	3.96%	3.92%	8.97%

Frequently Asked Questions

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

WDIV.AX and RDV.AX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

WDIV.AX tracks SPDR Index, while RDV.AX tracks Russell Investments High Dividend Australian Shares Index. They also come from different issuers: SPDR and Russell.