CAMX vs. HDV
CAMX (Cambiar Aggressive Value ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - CAMX is a Large Cap Value Equities fund actively managed by Cambiar Funds, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. CAMX is actively managed, while HDV is passively managed. Over the past 3 years, CAMX returned 12.76%/yr vs 15.43%/yr for HDV. Their 0.60 correlation means they have sometimes moved together and sometimes differently. CAMX charges 0.59%/yr vs 0.08%/yr for HDV.
Performance
CAMX vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, CAMX achieves a 12.14% return, which is significantly lower than HDV's 20.03% return.
CAMX
- 1D
- 0.21%
- 1M
- 0.43%
- 6M
- 6.77%
- YTD
- 12.14%
- 1Y
- 19.56%
- 3Y*
- 12.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.75%
HDV
- 1D
- 0.03%
- 1M
- 2.79%
- 6M
- 10.43%
- YTD
- 20.03%
- 1Y
- 25.63%
- 3Y*
- 15.43%
- 5Y*
- 12.05%
- 10Y*
- 9.66%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.08K | $21.40K | $13.85K | |
| $196.84M | $160.55M | $106.56M |
CAMX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAMX Cambiar Aggressive Value ETF | 12.14% | 9.49% | 12.50% | 9.65% |
HDV iShares Core High Dividend ETF | 20.03% | 11.90% | 14.16% | 1.17% |
Correlation
The correlation between CAMX and HDV is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023 | 0.60 |
Over the past year, the correlation between CAMX and HDV has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
CAMX vs. HDV - Sectors Allocation Comparison
Sectors
CAMX
HDV
Industrials
Healthcare
Communication Services
Financial Services
Technology
Consumer Cyclical
Energy
Consumer Defensive
Basic Materials
Real Estate
-
-
Utilities
-
Industrials
CAMX
HDV
Healthcare
CAMX
HDV
Communication Services
CAMX
HDV
Financial Services
CAMX
HDV
Technology
CAMX
HDV
Consumer Cyclical
CAMX
HDV
Energy
CAMX
HDV
Consumer Defensive
CAMX
HDV
Basic Materials
CAMX
HDV
Real Estate
CAMX
-
HDV
-
Utilities
CAMX
-
HDV
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Return for Risk
CAMX vs. HDV — Risk / Return Rank
CAMX
HDV
CAMX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambiar Aggressive Value ETF (CAMX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAMX | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 4.98 | -3.41 |
| Martin ratioReturn relative to average drawdown | 5.27 | 13.63 | -8.36 |
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Drawdowns
CAMX vs. HDV - Drawdown Comparison
The maximum CAMX drawdown since its inception was -15.71%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for CAMX and HDV.
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Drawdown Indicators
| CAMX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -37.04% | +21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.79% | -5.18% | -6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -10.49% | -5.22% |
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 | -0.89% | -1.41% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -3.06% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 1.89% | +1.61% |
Volatility
CAMX vs. HDV - Volatility Comparison
The current volatility for Cambiar Aggressive Value ETF (CAMX) is 4.49%, while iShares Core High Dividend ETF (HDV) has a volatility of 4.98%. This indicates that CAMX experiences smaller price fluctuations and is considered to be less risky 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
| CAMX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.98% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 8.72% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 10.85% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 12.95% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.49% | 15.78% | -1.29% |
CAMX vs. HDV - Expense Ratio Comparison
CAMX has a 0.59% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
CAMX vs. HDV - Dividend Comparison
CAMX's dividend yield for the trailing twelve months is around 1.61%, less than HDV's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAMX Cambiar Aggressive Value ETF | 1.61% | 1.81% | 1.33% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.07% | 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
CAMX and HDV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.98%) compared to CAMX (4.49%). In terms of maximum drawdown, CAMX dropped -15.71% vs HDV's -37.04%.
On 3-year performance, HDV leads with 15.43% vs 12.76% for CAMX. On fees, HDV is cheaper at 0.08% per year. On volatility, CAMX has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HDV has performed better with a 15.43% return vs 12.76%. 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 0.59% for CAMX.
HDV has the higher dividend yield at 3.07%, compared with 1.61% for CAMX.
CAMX is categorized as Large Cap Value Equities, while HDV is Dividend. They also come from different issuers: Cambiar Funds and iShares. Their fees differ too: 0.59% for CAMX and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.39 vs 1.31), 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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