YLDE vs. SPDG

Last updated Aug 2, 2026

YLDE (ClearBridge Dividend Strategy ESG ETF) and SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) are both Dividend funds. YLDE is actively managed, while SPDG is passively managed. Over the past year, YLDE returned 18.10% vs 24.51% for SPDG. Their correlation of 0.85 means they have usually moved in the same direction. YLDE charges 0.60%/yr vs 0.05%/yr for SPDG.

Performance

YLDE vs. SPDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy ESG ETF (YLDE) 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, YLDE achieves a 9.35% return, which is significantly lower than SPDG's 14.23% return.

YLDE

• 1D: 0.07%
• 1M: 1.44%
• 6M: 6.07%
• YTD: 9.35%
• 1Y: 18.10%
• 3Y*: 14.32%
• 5Y*: 10.45%
• 10Y*: —
• ALL TIME*: 12.09%

SPDG

• 1D: 0.34%
• 1M: -0.77%
• 6M: 7.57%
• YTD: 14.23%
• 1Y: 24.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	$48.48K	$40.82K	$36.86K
YLDE ClearBridge Dividend Strategy ESG ETF	$703.80K	$730.06K	$767.23K

YLDE vs. SPDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YLDE ClearBridge Dividend Strategy ESG ETF	9.35%	13.09%	16.44%	6.28%
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	14.23%	11.66%	20.22%	8.09%

Correlation

The correlation between YLDE and SPDG is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.85

The correlation between YLDE and SPDG has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

Return for Risk

YLDE vs. SPDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YLDE

YLDE Risk / Return Rank: 75
YLDE Sharpe Ratio Rank: 80
YLDE Sortino Ratio Rank: 81
YLDE Omega Ratio Rank: 79
YLDE Calmar Ratio Rank: 66
YLDE Martin Ratio Rank: 69

SPDG

SPDG Risk / Return Rank: 80
SPDG Sharpe Ratio Rank: 82
SPDG Sortino Ratio Rank: 83
SPDG Omega Ratio Rank: 80
SPDG Calmar Ratio Rank: 79
SPDG Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YLDE vs. SPDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) 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.

	YLDE	SPDG	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.90	-0.05
Sortino ratio: Return per unit of downside risk	2.64	2.73	-0.09
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.31	2.83	-0.52
Martin ratio: Return relative to average drawdown	8.45	9.27	-0.82

YLDE vs. SPDG - Sharpe Ratio Comparison

The current YLDE Sharpe Ratio is 1.84, which is comparable to the SPDG Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of YLDE 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

YLDE vs. SPDG - Drawdown Comparison

The maximum YLDE drawdown since its inception was -33.23%, which is greater than SPDG's maximum drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for YLDE and SPDG.

Drawdown Indicators

	YLDE	SPDG	Difference
Max Drawdown Largest peak-to-trough decline	-33.23%	-15.67%	-17.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-8.34%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.22%	—	—
Current Drawdown Current decline from peak	-0.90%	-2.77%	+1.87%
Average Drawdown Average peak-to-trough decline	-3.51%	-2.19%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.54%	-0.47%

Volatility

YLDE vs. SPDG - Volatility Comparison

ClearBridge Dividend Strategy ESG ETF (YLDE) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) have volatilities of 3.36% and 3.50%, 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.

Volatility by Period

	YLDE	SPDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.50%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	9.56%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	12.55%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	14.11%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	14.11%	+1.57%

YLDE vs. SPDG - Expense Ratio Comparison

YLDE has a 0.60% expense ratio, which is higher than SPDG's 0.05% expense ratio.

Dividends

YLDE vs. SPDG - Dividend Comparison

YLDE's dividend yield for the trailing twelve months is around 6.39%, more than SPDG's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	2.72%	2.87%	2.61%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YLDE ClearBridge Dividend Strategy ESG ETF	5.93%	5.68%	1.69%	1.64%	1.68%	1.15%	1.46%	1.65%	2.25%	1.31%

Frequently Asked Questions

Can I hold both YLDE and SPDG in my portfolio?

YLDE and SPDG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YLDE or SPDG?

SPDG has higher volatility (3.50%) compared to YLDE (3.36%). In terms of maximum drawdown, YLDE dropped -33.23% vs SPDG's -15.67%.

Which ETF is better, YLDE or SPDG?

On 1-year performance, SPDG leads with 24.51% vs 18.10% for YLDE. On fees, SPDG is cheaper at 0.05% per year. On volatility, YLDE has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YLDE or SPDG?

Over the 1-year period, SPDG has performed better with a 24.51% return vs 18.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YLDE or SPDG?

SPDG is cheaper with a 0.05% expense ratio, compared with 0.60% for YLDE.

Which ETF pays a higher dividend yield, YLDE or SPDG?

YLDE has the higher dividend yield at 5.93%, compared with 2.72% for SPDG.

What is the main difference between YLDE and SPDG?

They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.60% for YLDE and 0.05% for SPDG.

Which has better risk-adjusted returns?

SPDG currently has the higher Sharpe Ratio (1.90 vs 1.84), 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.