RDVI vs SPY
FT Vest Rising Dividend Achievers Target Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RDVI or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. RDVI is less concentrated, with 23.7% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RDVI | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $3.7B | $804.7B |
| Dividend Yield | 7.89% | 0.98% |
| Holdings | 73 | 505 |
| YTD Return | +8.91% | +10.96%Best |
| 1Y Return | +15.49% | +15.52%Best |
| 3Y Return (annualized) | +17.35% | +20.73%Best |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 15.0% | 13.0%Best |
| Max Drawdown | -18.4%Best | -18.8% |
| $10,000 over 3.9 years | $19,196 | $21,648Best |
| Top 10 Weight | 23.7%Best | 37.8% |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 19, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 20, 2022 to Sep 16, 2026 (3.9 years).
RDVI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
RDVI vs SPY Performance
FT Vest Rising Dividend Achievers Target Income ETF (RDVI) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RDVI returned +15.49% while SPY returned +15.52%. Year to date, RDVI is up 8.91% versus a gain of 10.96% for SPY.
Over three years, RDVI compounded at +17.35% per year against +20.73% for SPY. Across the full 4-year window we track, SPY has the edge at +21.90% annualized vs +18.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RDVI has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 13.0% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.4% for RDVI and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RDVI charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, RDVI currently yields 7.89% against 0.98% for SPY.
Holdings Overlap
94.1% of RDVI's money is in holdings SPY also owns. 40.1% of SPY's money is in holdings RDVI also owns.
Most of RDVI is already inside SPY. Owning both mostly buys the same companies twice.
64 positions in common, counted across the 71 positions we hold weights for in RDVI and 504 in SPY, against full books of 73 and 505.
What only one of them owns
Our book lists 434 positions for SPY that do not appear in our book for RDVI (59.4% of the fund), and 7 for RDVI that do not appear in SPY (5.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in RDVI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.10% | 8.01% | 5.91% |
| AAPLApple, Inc | 1.57% | 7.26% | 5.69% |
| MSFTMicrosoft Corp | 1.96% | 5.66% | 3.70% |
| GOOGLAlphabet Inc,class A | 2.01% | 2.99% | 0.98% |
| LRCXLrcx Uw Equity | 3.06% | 0.55% | 2.51% |
| JPMJpmorgan Chase | 2.06% | 1.45% | 0.61% |
| AMATApplied Materials, Inc. | 2.96% | 0.53% | 2.43% |
| METAMeta Platforms Inc | 1.52% | 1.93% | 0.41% |
| MUMicron Technology, Inc. | 1.51% | 1.60% | 0.09% |
| VVisa Inc Class A | 2.01% | 0.94% | 1.07% |
94.1% of RDVI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RDVI or SPY?
RDVI has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, RDVI or SPY?
Over the past year RDVI returned +15.49% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), RDVI annualized +18.20% vs +21.90% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RDVI or SPY?
RDVI has been the more volatile fund at 15.0% annualized versus 13.0% for SPY. Worst drawdown: RDVI -18.4% vs SPY -18.8%.
Should I hold both RDVI and SPY?
RDVI and SPY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between RDVI and SPY?
94.1% of RDVI's money is in holdings SPY also owns. 40.1% of SPY's is in holdings RDVI also owns. They hold 64 positions in common, counted across the 71 positions we hold weights for in RDVI and 504 in SPY.
Which pays a higher dividend, RDVI or SPY?
RDVI yields 7.89% while SPY yields 0.98%, so RDVI currently pays the higher dividend yield.
Is SPY better than RDVI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. RDVI is less concentrated, with 23.7% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.