XLSR vs. TDVG

Last updated Jun 24, 2026

XLSR (SPDR SSGA US Sector Rotation ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 5 years, XLSR returned 9.34%/yr vs 10.19%/yr for TDVG. Their correlation of 0.88 suggests significant overlap in exposure. XLSR charges 0.70%/yr vs 0.50%/yr for TDVG.

Performance

XLSR vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA US Sector Rotation ETF (XLSR) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLSR achieves a 2.67% return, which is significantly lower than TDVG's 8.04% return.

XLSR

• 1D: -1.63%
• 1M: -2.30%
• YTD: 2.67%
• 6M: 1.98%
• 1Y: 20.16%
• 3Y*: 15.52%
• 5Y*: 9.34%
• 10Y*: —

TDVG

• 1D: -0.55%
• 1M: 1.22%
• YTD: 8.04%
• 6M: 7.41%
• 1Y: 17.57%
• 3Y*: 15.55%
• 5Y*: 10.19%
• 10Y*: —

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

XLSR vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XLSR SPDR SSGA US Sector Rotation ETF	2.67%	17.34%	17.60%	18.95%	-15.70%	20.47%	16.04%
TDVG T. Rowe Price Dividend Growth ETF	8.04%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%

Correlation

The correlation between XLSR and TDVG is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.88

The correlation between XLSR and TDVG shifts across timeframes, from 0.73 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

XLSR vs. TDVG - Sectors Allocation Comparison

Sectors	XLSR	TDVG
Technology	39.6%	26.2%
Communication Services	19.5%	1.0%
Industrials	17.9%	13.6%
Consumer Defensive	9.6%	6.9%
Energy	6.0%	5.3%
Healthcare	3.8%	12.4%
Consumer Cyclical	3.6%	7.2%
Financial Services	0.7%	19.3%
Basic Materials	-	2.8%
Real Estate	-	1.6%
Utilities	-	3.8%

Return for Risk

XLSR vs. TDVG — Risk / Return Rank

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

XLSR

XLSR Risk / Return Rank: 45
XLSR Sharpe Ratio Rank: 47
XLSR Sortino Ratio Rank: 46
XLSR Omega Ratio Rank: 47
XLSR Calmar Ratio Rank: 39
XLSR Martin Ratio Rank: 49

TDVG

TDVG Risk / Return Rank: 56
TDVG Sharpe Ratio Rank: 56
TDVG Sortino Ratio Rank: 58
TDVG Omega Ratio Rank: 54
TDVG Calmar Ratio Rank: 52
TDVG Martin Ratio Rank: 59

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.

XLSR vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Sector Rotation ETF (XLSR) and T. Rowe Price Dividend Growth ETF (TDVG). 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.

	XLSR	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.81	-0.26
Sortino ratio: Return per unit of downside risk	2.18	2.60	-0.42
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	1.83	2.44	-0.61
Martin ratio: Return relative to average drawdown	7.89	10.01	-2.13

XLSR vs. TDVG - Sharpe Ratio Comparison

The current XLSR Sharpe Ratio is 1.54, which is comparable to the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of XLSR and TDVG, 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

XLSR vs. TDVG - Drawdown Comparison

The maximum XLSR drawdown since its inception was -32.94%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for XLSR and TDVG.

Drawdown Indicators

	XLSR	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-32.94%	-19.20%	-13.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-7.24%	-3.82%
Max Drawdown (3Y) Largest decline over 3 years	-20.57%	-14.02%	-6.55%
Max Drawdown (5Y) Largest decline over 5 years	-23.32%	-19.20%	-4.12%
Current Drawdown Current decline from peak	-4.05%	-0.82%	-3.23%
Average Drawdown Average peak-to-trough decline	-5.31%	-3.73%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.76%	+0.80%

Volatility

XLSR vs. TDVG - Volatility Comparison

SPDR SSGA US Sector Rotation ETF (XLSR) has a higher volatility of 5.38% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.78%. This indicates that XLSR's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLSR	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	2.78%	+2.60%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	7.61%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	9.79%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	13.92%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	13.90%	+6.16%

XLSR vs. TDVG - Expense Ratio Comparison

XLSR has a 0.70% expense ratio, which is higher than TDVG's 0.50% expense ratio.

Dividends

XLSR vs. TDVG - Dividend Comparison

XLSR's dividend yield for the trailing twelve months is around 0.54%, less than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%
XLSR SPDR SSGA US Sector Rotation ETF	0.54%	0.58%	0.66%	1.04%	1.80%	3.44%	1.25%	0.94%

Frequently Asked Questions

Can I hold both XLSR and TDVG in my portfolio?

XLSR and TDVG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLSR or TDVG?

XLSR has higher volatility (5.38%) compared to TDVG (2.78%). In terms of maximum drawdown, XLSR dropped -32.94% vs TDVG's -19.20%.

Which ETF is better, XLSR or TDVG?

On 5-year performance, TDVG leads with 10.19% vs 9.34% for XLSR. On fees, TDVG is cheaper at 0.50% per year. On volatility, TDVG has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLSR or TDVG?

Over the 5-year period, TDVG has performed better with a 10.19% return vs 9.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLSR or TDVG?

TDVG is cheaper with a 0.50% expense ratio, compared with 0.70% for XLSR.

Which ETF pays a higher dividend yield, XLSR or TDVG?

TDVG has the higher dividend yield at 0.98%, compared with 0.54% for XLSR.

What is the main difference between XLSR and TDVG?

They also come from different issuers: State Street and T. Rowe Price. Their fees differ too: 0.70% for XLSR and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.81 vs 1.54), 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.