SCDV vs SPY
Bahl & Gaynor Small Cap Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SCDV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | $153M | $789.1B | |
| Dividend Yield | 0.43% | 1.01% | |
| Holdings | 35 | 505 | |
| YTD Return | +17.72% | +13.68% | |
| 1Y Return | +16.07% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 14.5% | 15.3% | |
| Max Drawdown | -22.8% | -56.5% | |
| Fund Family | Bahl & Gaynor | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 11, 2024 | Jan 22, 1993 |
SCDV vs SPY Performance
Bahl & Gaynor Small Cap Dividend ETF (SCDV) is a ETF from Bahl & Gaynor and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SCDV returned +16.07% while SPY returned +21.53%. Year to date, SCDV is up 17.72% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.5% for SCDV. 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 -22.8% for SCDV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCDV charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, SCDV currently yields 0.43% against 1.01% for SPY.
Holdings Overlap
SCDV and SPY share 0 holdings out of 537 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCDV or SPY?
SCDV has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, SCDV or SPY?
Over the past year SCDV returned +16.07% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SCDV annualized +8.78% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SCDV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for SCDV. Worst drawdown: SCDV -22.8% vs SPY -56.5%.
Should I hold both SCDV and SPY?
SCDV and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCDV and SPY?
SCDV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, SCDV or SPY?
SCDV yields 0.43% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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