RDIV vs SPY
Invesco S&P Ultra Dividend Revenue ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RDIV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 51.8%.
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 | RDIV | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $1.4B | $823.2B |
| Dividend Yield | 3.72% | 0.99% |
| Holdings | 126 | 1,515 |
| YTD Return | +12.86% | +13.53%Best |
| 1Y Return | +16.19% | +17.47%Best |
| 3Y Return (annualized) | +20.60% | +22.36%Best |
| 5Y Return (annualized) | +11.47% | +13.21%Best |
| Volatility (annualized) | 19.1% | 14.5%Best |
| Max Drawdown | -50.9% | -34.1%Best |
| $10,000 over 5 years | $17,210 | $18,596Best |
| Top 10 Weight | 51.8% | 38.2%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 30, 2013 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2013 to Oct 14, 2026 (13 years).
RDIV 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 13 years both funds cover.
RDIV vs SPY Performance
Invesco S&P Ultra Dividend Revenue ETF (RDIV) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RDIV returned +16.19% while SPY returned +17.47%. Year to date, RDIV is up 12.86% versus a gain of 13.53% for SPY.
Over three years, RDIV compounded at +20.60% per year against +22.36% for SPY; over five years the annualized figures are +11.47% and +13.21% respectively. Across the full 13-year window we track, SPY has the edge at +12.98% annualized vs +8.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RDIV has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 14.5% 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 -50.9% for RDIV and -34.1% 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RDIV charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, RDIV currently yields 3.72% against 0.99% for SPY.
Holdings Overlap
84.3% of RDIV's money is in holdings SPY also owns. 2.9% of SPY's money is in holdings RDIV also owns.
Most of RDIV is already inside SPY. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 61 positions we hold weights for in RDIV and 504 in SPY, against full books of 126 and 1,515.
What only one of them owns
Our book lists 461 positions for SPY that do not appear in our book for RDIV (96.2% of the fund), and 26 for RDIV that do not appear in SPY (15.7%).
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 RDIV | Weight in SPY | Difference |
|---|---|---|---|
| CVXChevron Corp Com USD.75 | 5.78% | 0.60% | 5.18% |
| TGTTarget Corp. | 6.10% | 0.11% | 5.99% |
| TAt&Amp;T Inc | 5.69% | 0.28% | 5.41% |
| BMYBristol-Myers Squibb Co. | 5.49% | 0.20% | 5.29% |
| PEPPepsico Inc. | 5.01% | 0.28% | 4.73% |
| PRUPrudential Financial Inc_None_0 | 5.11% | 0.06% | 5.05% |
| CMCSAComcast Corp. Class A | 4.95% | 0.14% | 4.81% |
| TFCTruist Financial Corp. | 4.85% | 0.10% | 4.75% |
| FFord Motor Co. | 4.53% | 0.08% | 4.45% |
| IPInternational Paper Co. | 4.29% | 0.03% | 4.26% |
84.3% of RDIV 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, RDIV or SPY?
RDIV has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, RDIV or SPY?
Over the past year RDIV returned +16.19% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (13 years), RDIV annualized +8.39% vs +12.98% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RDIV or SPY?
RDIV has been the more volatile fund at 19.1% annualized versus 14.5% for SPY. Worst drawdown: RDIV -50.9% vs SPY -34.1%.
Should I hold both RDIV and SPY?
RDIV and SPY have a monthly-return correlation of 0.75, 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 RDIV and SPY?
84.3% of RDIV's money is in holdings SPY also owns. 2.9% of SPY's is in holdings RDIV also owns. They hold 35 positions in common, counted across the 61 positions we hold weights for in RDIV and 504 in SPY.
Which pays a higher dividend, RDIV or SPY?
RDIV yields 3.72% while SPY yields 0.99%, so RDIV currently pays the higher dividend yield.
Is SPY better than RDIV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 51.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.