ESLT vs. HDV
ESLT (Elbit Systems Ltd) 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, ESLT returned 25.86%/yr vs 9.29%/yr for HDV. At a 0.27 correlation, their price movements are largely independent.
Performance
ESLT vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 45.20% return, which is significantly higher than HDV's 13.48% return. Over the past 10 years, ESLT has outperformed HDV with an annualized return of 25.86%, while HDV has yielded a comparatively lower 9.29% annualized return.
ESLT
- 1D
- 0.98%
- 1M
- -1.56%
- YTD
- 45.20%
- 6M
- 74.96%
- 1Y
- 96.01%
- 3Y*
- 63.50%
- 5Y*
- 46.33%
- 10Y*
- 25.86%
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%
ESLT vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 45.20% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
HDV iShares Core High Dividend ETF | 13.48% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between ESLT and HDV is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.27 |
Over the past year, the correlation between ESLT and HDV has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
ESLT vs. HDV — Risk / Return Rank
ESLT
HDV
ESLT vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.
| ESLT | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 4.30 | -0.58 |
| Martin ratioReturn relative to average drawdown | 10.71 | 11.97 | -1.26 |
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
| ESLT | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 2.29 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | 0.82 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.59 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.73 | -0.11 |
Drawdowns
ESLT vs. HDV - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for ESLT and HDV.
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Drawdown Indicators
| ESLT | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -37.04% | -16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -5.18% | -20.80% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -10.49% | -15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -15.42% | -17.47% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -37.04% | +4.15% |
Current DrawdownCurrent decline from peak | -17.30% | -1.86% | -15.44% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -3.09% | -10.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.00% | 1.86% | +7.14% |
Volatility
ESLT vs. HDV - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 16.10% compared to iShares Core High Dividend ETF (HDV) at 3.23%. This indicates that ESLT'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
| ESLT | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.10% | 3.23% | +12.87% |
Volatility (6M)Calculated over the trailing 6-month period | 33.65% | 7.54% | +26.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.23% | 9.75% | +32.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 12.82% | +20.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.11% | 15.73% | +13.38% |
Dividends
ESLT vs. HDV - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.37%, less than HDV's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.37% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
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
ESLT and HDV have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (16.10%) compared to HDV (3.23%). In terms of maximum drawdown, ESLT dropped -53.79% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.29 vs 2.29), 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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