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FDV vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDV vs. HDV

Last updated Jun 24, 2026

FDV (Federated Hermes U.S. Strategic Dividend ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FDV is a Large Cap Value Equities fund actively managed by Federated, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. FDV is actively managed, while HDV is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. FDV charges 0.50%/yr vs 0.08%/yr for HDV.

Performance

FDV vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes U.S. Strategic Dividend ETF (FDV) 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

FDV

1D
1.19%
1M
-0.18%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

HDV

1D
1.33%
1M
-1.35%
YTD
14.07%
6M
14.08%
1Y
21.06%
3Y*
15.48%
5Y*
11.09%
10Y*
9.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDV vs. HDV - Yearly Performance Comparison

2026 (YTD)
FDV
Federated Hermes U.S. Strategic Dividend ETF		0.36%
HDV
iShares Core High Dividend ETF		-0.28%

Correlation

The correlation between FDV and HDV is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since May 22, 2026

0.88

FDV vs. HDV - Sectors Allocation Comparison

Sectors
FDV
HDV

Financial Services

15.7%
4.7%

Utilities

15.1%
8.1%

Healthcare

12.8%
22.6%

Consumer Defensive

12.3%
24.5%

Technology

10.7%
0.2%

Real Estate

9.7%

-

Energy

9.3%
20.2%

Consumer Cyclical

7.7%
9.2%

Industrials

3.1%
3.5%

Communication Services

2.0%
5.7%

Basic Materials

1.7%
0.8%

Financial Services

FDV
15.7%
HDV
4.7%

Utilities

FDV
15.1%
HDV
8.1%

Healthcare

FDV
12.8%
HDV
22.6%

Consumer Defensive

FDV
12.3%
HDV
24.5%

Technology

FDV
10.7%
HDV
0.2%

Real Estate

FDV
9.7%
HDV

-

Energy

FDV
9.3%
HDV
20.2%

Consumer Cyclical

FDV
7.7%
HDV
9.2%

Industrials

FDV
3.1%
HDV
3.5%

Communication Services

FDV
2.0%
HDV
5.7%

Basic Materials

FDV
1.7%
HDV
0.8%

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Federated Hermes U.S. Strategic Dividend ETF

iShares Core High Dividend ETF

Often compared with FDV:
FDV vs. CGDVFDV vs. FDVVFDV vs. QQQFDV vs. SCHDFDV vs. KTECFDV vs. DGRWFDV vs. SPHD
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

FDV vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HDV
HDV Risk / Return Rank: 7070
Overall Rank
HDV Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7373
Sortino Ratio Rank
HDV Omega Ratio Rank: 6262
Omega Ratio Rank
HDV Calmar Ratio Rank: 8181
Calmar Ratio Rank
HDV Martin Ratio Rank: 6464
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.

FDV vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) 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.

FDVHDVDifference
Sharpe ratioReturn per unit of total volatility

—

2.13

—

Sortino ratioReturn per unit of downside risk

—

3.13

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

4.09

—

Martin ratioReturn relative to average drawdown

—

11.19

—

FDV vs. HDV - Sharpe Ratio Comparison

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Drawdowns

FDV vs. HDV - Drawdown Comparison

The maximum FDV drawdown since its inception was -3.33%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FDV and HDV.

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Drawdown Indicators

FDVHDVDifference

Max Drawdown

Largest peak-to-trough decline

-3.33%

-37.04%

+33.71%

Max Drawdown (1Y)

Largest decline over 1 year

—

-5.18%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-10.49%

—

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

-1.78%

-1.35%

-0.43%

Average Drawdown

Average peak-to-trough decline

-1.13%

-3.08%

+1.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.89%

—

Volatility

FDV vs. HDV - Volatility Comparison

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Volatility by Period

FDVHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.64%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.61%

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.45%

9.93%

+2.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.45%

12.81%

-0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.45%

15.73%

-3.28%

FDV vs. HDV - Expense Ratio Comparison

FDV has a 0.50% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

FDV vs. HDV - Dividend Comparison

FDV's dividend yield for the trailing twelve months is around 0.27%, less than HDV's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
FDV
Federated Hermes U.S. Strategic Dividend ETF		0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HDV
iShares Core High Dividend ETF		2.90%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

FDV and HDV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HDV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HDV is cheaper with a 0.08% expense ratio, compared with 0.50% for FDV.

HDV has the higher dividend yield at 2.90%, compared with 0.27% for FDV.

FDV is categorized as Large Cap Value Equities, while HDV is Dividend. They also come from different issuers: Federated and iShares. Their fees differ too: 0.50% for FDV and 0.08% for HDV.

Portfolio Optimizer

Find the right allocation for FDV and HDV

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