CEG vs. HDV
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 44.64%/yr vs 15.50%/yr for HDV. At a 0.24 correlation, their price movements are largely independent.
Performance
CEG vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -23.72% return, which is significantly lower than HDV's 14.65% return.
CEG
- 1D
- 0.27%
- 1M
- -10.90%
- YTD
- -23.72%
- 6M
- -25.96%
- 1Y
- -14.29%
- 3Y*
- 44.64%
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.62%
- 1M
- 0.27%
- YTD
- 14.65%
- 6M
- 14.27%
- 1Y
- 22.51%
- 3Y*
- 15.50%
- 5Y*
- 11.09%
- 10Y*
- 9.58%
CEG vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -23.72% | 58.80% | 92.71% | 37.24% | 73.87% |
HDV iShares Core High Dividend ETF | 14.65% | 11.90% | 14.16% | 1.72% | 3.71% |
Correlation
The correlation between CEG and HDV is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.24 |
The correlation between CEG and HDV shifts across timeframes, from -0.09 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEG vs. HDV — Risk / Return Rank
CEG
HDV
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.
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.
| CEG | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.39 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 4.37 | -4.73 |
| Martin ratioReturn relative to average drawdown | -0.71 | 11.94 | -12.65 |
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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
| CEG | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -37.04% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -39.77% | -5.18% | -34.59% |
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 DrawdownCurrent decline from peak | -33.22% | -0.84% | -32.38% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -3.08% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.25% | 1.89% | +18.36% |
Volatility
CEG vs. HDV - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 12.90% compared to iShares Core High Dividend ETF (HDV) at 3.33%. 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
| CEG | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 3.33% | +9.57% |
Volatility (6M)Calculated over the trailing 6-month period | 35.88% | 7.61% | +28.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.54% | 9.95% | +36.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.26% | 12.81% | +36.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.26% | 15.72% | +33.54% |
Dividends
CEG vs. HDV - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.61%, less than HDV's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.61% | 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 | 2.88% | 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 -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (12.90%) compared to HDV (3.33%). In terms of maximum drawdown, CEG dropped -50.70% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.28 vs -0.31), 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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