FDIV vs. HDLB
FDIV (MarketDesk Focused U.S. Dividend ETF) and HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) are both exchange-traded funds - FDIV is a Dividend fund actively managed by MarketDesk, while HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%). FDIV is actively managed, while HDLB is passively managed. Over the past 5 years, FDIV returned -8.67%/yr vs 11.24%/yr for HDLB. A 0.58 correlation means they provide meaningful diversification when combined. FDIV charges 0.35%/yr vs 1.65%/yr for HDLB.
Performance
FDIV vs. HDLB - Performance Comparison
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Returns By Period
In the year-to-date period, FDIV achieves a 0.72% return, which is significantly lower than HDLB's 9.69% return.
FDIV
- 1D
- -0.85%
- 1M
- -0.84%
- YTD
- 0.72%
- 6M
- 1.52%
- 1Y
- 7.68%
- 3Y*
- -12.10%
- 5Y*
- -8.67%
- 10Y*
- -2.13%
HDLB
- 1D
- -1.72%
- 1M
- -4.18%
- YTD
- 9.69%
- 6M
- 8.78%
- 1Y
- 17.78%
- 3Y*
- 26.82%
- 5Y*
- 11.24%
- 10Y*
- —
FDIV vs. HDLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 0.72% | 2.95% | -37.35% | 6.78% | -9.97% | 10.20% | -2.84% | 1.82% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 9.69% | 27.26% | 28.21% | -4.12% | -11.46% | 62.67% | -50.94% | 7.93% |
Correlation
The correlation between FDIV and HDLB is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | 0.58 |
The correlation between FDIV and HDLB has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
FDIV vs. HDLB — Risk / Return Rank
FDIV
HDLB
FDIV vs. HDLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Dividend ETF (FDIV) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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.
| FDIV | HDLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.23 | -0.27 |
| Martin ratioReturn relative to average drawdown | 2.56 | 2.69 | -0.13 |
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
| FDIV | HDLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.68 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.37 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.10 | -0.17 |
Drawdowns
FDIV vs. HDLB - Drawdown Comparison
The maximum FDIV drawdown since its inception was -47.90%, smaller than the maximum HDLB drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for FDIV and HDLB.
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Drawdown Indicators
| FDIV | HDLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.90% | -78.70% | +30.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -14.50% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -45.64% | -22.46% | -23.18% |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | -43.81% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -47.90% | — | — |
Current DrawdownCurrent decline from peak | -38.05% | -14.15% | -23.90% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -27.47% | +16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 6.62% | -3.61% |
Volatility
FDIV vs. HDLB - Volatility Comparison
The current volatility for MarketDesk Focused U.S. Dividend ETF (FDIV) is 2.99%, while ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a volatility of 6.21%. This indicates that FDIV experiences smaller price fluctuations and is considered to be less risky than HDLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIV | HDLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 6.21% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 18.14% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 26.46% | -13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 30.55% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 43.58% | -26.04% |
FDIV vs. HDLB - Expense Ratio Comparison
FDIV has a 0.35% expense ratio, which is lower than HDLB's 1.65% expense ratio.
Dividends
FDIV vs. HDLB - Dividend Comparison
FDIV's dividend yield for the trailing twelve months is around 2.89%, less than HDLB's 12.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 2.89% | 2.95% | 4.12% | 4.63% | 3.81% | 3.79% | 4.17% | 3.93% | 5.13% | 3.81% | 3.84% | 4.13% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 12.13% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDIV and HDLB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDLB has higher volatility (6.21%) compared to FDIV (2.99%). In terms of maximum drawdown, FDIV dropped -47.90% vs HDLB's -78.70%.
On 5-year performance, HDLB leads with 11.24% vs -8.67% for FDIV. On fees, FDIV is cheaper at 0.35% per year. On volatility, FDIV has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HDLB has performed better with a 11.24% return vs -8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIV is cheaper with a 0.35% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 12.13%, compared with 2.89% for FDIV.
FDIV is categorized as Dividend, while HDLB is Leveraged Equities. They also come from different issuers: MarketDesk and UBS. Their fees differ too: 0.35% for FDIV and 1.65% for HDLB.
HDLB currently has the higher Sharpe Ratio (0.68 vs 0.61), 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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