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CEG vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEG vs. HDV

Last updated Jun 5, 2026

CEG (Constellation Energy Corp) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 3 years, CEG returned 45.59%/yr vs 15.28%/yr for HDV. At a 0.24 correlation, their price movements are largely independent.

Performance

CEG vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Constellation Energy Corp (CEG) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CEG achieves a -24.89% return, which is significantly lower than HDV's 13.48% return.

CEG

1D
-0.99%
1M
-17.30%
YTD
-24.89%
6M
-28.01%
1Y
-11.20%
3Y*
45.59%
5Y*
—
10Y*
—

HDV

1D
0.70%
1M
0.51%
YTD
13.48%
6M
13.49%
1Y
22.15%
3Y*
15.28%
5Y*
10.47%
10Y*
9.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEG vs. HDV - Yearly Performance Comparison

2026 (YTD)2025202420232022
CEG
Constellation Energy Corp		-24.89%58.80%92.71%37.24%64.11%
HDV
iShares Core High Dividend ETF		13.48%11.90%14.16%1.72%2.89%

Correlation

The correlation between CEG and HDV is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2022

0.24

The correlation between CEG and HDV shifts across timeframes, from -0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Constellation Energy Corp

iShares Core High Dividend ETF

Often compared with CEG:
CEG vs. NEECEG vs. GEVCEG vs. OKLOCEG vs. TLNCEG vs. LEUCEG vs. EXCCEG vs. SPY
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

CEG vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEG
CEG Risk / Return Rank: 3131
Overall Rank
CEG Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
CEG Sortino Ratio Rank: 3030
Sortino Ratio Rank
CEG Omega Ratio Rank: 3030
Omega Ratio Rank
CEG Calmar Ratio Rank: 3232
Calmar Ratio Rank
CEG Martin Ratio Rank: 3131
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7373
Overall Rank
HDV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7676
Sortino Ratio Rank
HDV Omega Ratio Rank: 6767
Omega Ratio Rank
HDV Calmar Ratio Rank: 8282
Calmar Ratio Rank
HDV Martin Ratio Rank: 6666
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEG vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.

CEGHDVDifference
Sharpe ratioReturn per unit of total volatility
-0.24
2.29

-2.53

Sortino ratioReturn per unit of downside risk
-0.03
3.38

-3.41

Omega ratioGain probability vs. loss probability

1.00

1.39

-0.40

Calmar ratioReturn relative to maximum drawdown

-0.29

4.30

-4.59

Martin ratioReturn relative to average drawdown

-0.61

11.97

-12.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEG vs. HDV - Sharpe Ratio Comparison

The current CEG Sharpe Ratio is -0.24, which is lower than the HDV Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of CEG and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CEGHDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.24

2.29

-2.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.82

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.94

0.73

+0.22

Drawdowns

CEG vs. HDV - Drawdown Comparison

The maximum CEG drawdown since its inception was -50.70%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for CEG and HDV.

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Drawdown Indicators

CEGHDVDifference

Max Drawdown

Largest peak-to-trough decline

-50.70%

-37.04%

-13.66%

Max Drawdown (1Y)

Largest decline over 1 year

-38.77%

-5.18%

-33.59%

Max Drawdown (3Y)

Largest decline over 3 years

-50.70%

-10.49%

-40.21%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-34.23%

-1.86%

-32.37%

Average Drawdown

Average peak-to-trough decline

-11.53%

-3.09%

-8.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.48%

1.86%

+16.62%

Volatility

CEG vs. HDV - Volatility Comparison

Constellation Energy Corp (CEG) has a higher volatility of 15.68% compared to iShares Core High Dividend ETF (HDV) at 3.23%. This indicates that CEG'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

CEGHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.68%

3.23%

+12.45%

Volatility (6M)

Calculated over the trailing 6-month period

37.33%

7.54%

+29.79%

Volatility (1Y)

Calculated over the trailing 1-year period

46.72%

9.75%

+36.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.36%

12.82%

+36.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.36%

15.73%

+33.63%

Dividends

CEG vs. HDV - Dividend Comparison

CEG's dividend yield for the trailing twelve months is around 0.62%, less than HDV's 2.89% yield.

PositionTTM20252024202320222021202020192018201720162015
CEG
Constellation Energy Corp		0.62%0.44%0.63%0.97%0.65%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HDV
iShares Core High Dividend ETF		2.89%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

CEG and HDV have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CEG has higher volatility (15.68%) compared to HDV (3.23%). In terms of maximum drawdown, CEG dropped -50.70% vs HDV's -37.04%.

HDV currently has the higher Sharpe Ratio (2.29 vs -0.24), 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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