ASLV vs. HDV
ASLV (Allspring Special Large Value ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - ASLV is a Large Cap Value Equities fund actively managed by Allspring, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. ASLV is actively managed, while HDV is passively managed. Over the past year, ASLV returned 16.78% vs 20.35% for HDV. A 0.59 correlation means they provide meaningful diversification when combined. ASLV charges 0.35%/yr vs 0.08%/yr for HDV.
Performance
ASLV vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, ASLV achieves a 4.75% return, which is significantly lower than HDV's 12.69% return.
ASLV
- 1D
- -0.46%
- 1M
- 0.27%
- YTD
- 4.75%
- 6M
- 4.40%
- 1Y
- 16.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
ASLV vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASLV Allspring Special Large Value ETF | 4.75% | 14.10% |
HDV iShares Core High Dividend ETF | 12.69% | 4.39% |
Correlation
The correlation between ASLV and HDV is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.59 |
The correlation between ASLV and HDV has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
ASLV vs. HDV — Risk / Return Rank
ASLV
HDV
ASLV vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Large Value ETF (ASLV) 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.
| ASLV | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.95 | -2.01 |
| Martin ratioReturn relative to average drawdown | 6.83 | 11.02 | -4.18 |
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
| ASLV | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.10 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.72 | +0.35 |
Drawdowns
ASLV vs. HDV - Drawdown Comparison
The maximum ASLV drawdown since its inception was -10.98%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for ASLV and HDV.
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Drawdown Indicators
| ASLV | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -37.04% | +26.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -5.18% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -1.79% | -2.54% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -3.09% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.85% | +0.61% |
Volatility
ASLV vs. HDV - Volatility Comparison
Allspring Special Large Value ETF (ASLV) and iShares Core High Dividend ETF (HDV) have volatilities of 3.14% and 3.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASLV | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.19% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 7.56% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 9.73% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 12.82% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 15.73% | -0.47% |
ASLV vs. HDV - Expense Ratio Comparison
ASLV has a 0.35% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
ASLV vs. HDV - Dividend Comparison
ASLV's dividend yield for the trailing twelve months is around 0.83%, less than HDV's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASLV Allspring Special Large Value ETF | 0.83% | 0.87% | 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
ASLV and HDV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (3.19%) compared to ASLV (3.14%). In terms of maximum drawdown, ASLV dropped -10.98% vs HDV's -37.04%.
On 1-year performance, HDV leads with 20.35% vs 16.78% for ASLV. On fees, HDV is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 20.35% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.35% for ASLV.
HDV has the higher dividend yield at 2.91%, compared with 0.83% for ASLV.
ASLV is categorized as Large Cap Value Equities, while HDV is Dividend. They also come from different issuers: Allspring and iShares. Their fees differ too: 0.35% for ASLV and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.10 vs 1.43), 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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