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 +24.20% while SPY returned +22.80%. Year to date, SDVY is up 15.48% versus a gain of 13.10% for SPY.

Over three years, SDVY compounded at +15.36% per year against +20.98% for SPY; over five years the annualized figures are +10.79% and +13.20% respectively. Across the full 9-year window we track, SDVY has the edge at +10.81% annualized vs +8.83%. Past performance does not guarantee future results.

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.

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 0.92% against 1.01% for SPY.