AD vs. HDV
AD (Array Digital Infrastructure, Inc) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, AD returned 8.95%/yr vs 9.26%/yr for HDV. At a 0.40 correlation, their price movements are largely independent.
Performance
AD vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, AD achieves a 15.30% return, which is significantly higher than HDV's 12.69% return. Both investments have delivered pretty close results over the past 10 years, with AD having a 8.95% annualized return and HDV not far ahead at 9.26%.
AD
- 1D
- -2.56%
- 1M
- 4.20%
- YTD
- 15.30%
- 6M
- 24.64%
- 1Y
- 41.80%
- 3Y*
- 81.77%
- 5Y*
- 17.82%
- 10Y*
- 8.95%
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
AD vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AD Array Digital Infrastructure, Inc | 15.30% | 22.59% | 50.99% | 99.23% | -33.85% | 2.70% | -15.29% | -30.29% | 38.11% | -13.93% |
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between AD and HDV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.40 |
Over the past year, the correlation between AD and HDV has dropped to 0.15 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
AD vs. HDV — Risk / Return Rank
AD
HDV
AD vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Digital Infrastructure, Inc (AD) and iShares Core High Dividend ETF (HDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AD | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.95 | -1.89 |
| Martin ratioReturn relative to average drawdown | 5.25 | 11.02 | -5.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AD | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.10 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.81 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.59 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.72 | -0.60 |
Drawdowns
AD vs. HDV - Drawdown Comparison
The maximum AD drawdown since its inception was -83.49%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for AD and HDV.
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Drawdown Indicators
| AD | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.49% | -37.04% | -46.45% |
Max Drawdown (1Y)Largest decline over 1 year | -20.38% | -5.18% | -15.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.97% | -10.49% | -21.48% |
Max Drawdown (5Y)Largest decline over 5 years | -64.23% | -15.42% | -48.81% |
Max Drawdown (10Y)Largest decline over 10 years | -75.91% | -37.04% | -38.87% |
Current DrawdownCurrent decline from peak | -8.00% | -2.54% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -46.82% | -3.09% | -43.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.98% | 1.85% | +6.13% |
Volatility
AD vs. HDV - Volatility Comparison
Array Digital Infrastructure, Inc (AD) has a higher volatility of 15.11% compared to iShares Core High Dividend ETF (HDV) at 3.19%. This indicates that AD's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AD | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 3.19% | +11.92% |
Volatility (6M)Calculated over the trailing 6-month period | 23.73% | 7.56% | +16.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.35% | 9.73% | +20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.29% | 12.82% | +47.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.80% | 15.73% | +35.07% |
Dividends
AD vs. HDV - Dividend Comparison
AD's dividend yield for the trailing twelve months is around 64.80%, more than HDV's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AD Array Digital Infrastructure, Inc | 64.80% | 42.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
AD and HDV have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AD has higher volatility (15.11%) compared to HDV (3.19%). In terms of maximum drawdown, AD dropped -83.49% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.10 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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