SDVY vs SPY
First Trust SMID Cap Rising Dividend Achievers 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 505 holdings.
Side-by-Side Comparison
| Metric | SDVY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.09% | |
| AUM | $11.8B | $821.1B | |
| Dividend Yield | 0.94% | 1.01% | |
| Holdings | 174 | 505 | |
| YTD Return | +13.69% | +13.47% | |
| 1Y Return | +15.85% | +20.57% | |
| 3Y Return (annualized) | +16.31% | +21.83% | |
| 5Y Return (annualized) | +9.74% | +12.88% | |
| Volatility (annualized) | 22.1% | 15.3% | |
| Max Drawdown | -45.2% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2017 | Jan 22, 1993 |
SDVY vs SPY Performance
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SDVY returned +15.85% while SPY returned +20.57%. Year to date, SDVY is up 13.69% versus a gain of 13.47% for SPY.
Over three years, SDVY compounded at +16.31% per year against +21.83% for SPY; over five years the annualized figures are +9.74% and +12.88% respectively. Across the full 9-year window we track, SDVY has the edge at +10.54% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SDVY has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 15.3% 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 -45.2% for SDVY 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SDVY charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, SDVY currently yields 0.94% against 1.01% for SPY.
Holdings Overlap
SDVY and SPY share 40 holdings out of 637 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SDVY or SPY?
SDVY has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, SDVY or SPY?
Over the past year SDVY returned +15.85% vs +20.57% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), SDVY annualized +10.54% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, SDVY or SPY?
SDVY has been the more volatile fund at 22.1% annualized versus 15.3% for SPY. Worst drawdown: SDVY -45.2% vs SPY -56.5%.
Should I hold both SDVY and SPY?
SDVY and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SDVY and SPY?
SDVY and SPY share 40 common holdings with a 1.6% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, SDVY or SPY?
SDVY yields 0.94% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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