FVD.L vs. HDIQ.L
FVD.L (First Trust Value Line Dividend Index UCITS ETF Class A USD (Acc)) and HDIQ.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) are both exchange-traded funds - FVD.L is a Dividend fund tracking the Value Line Dividend Index, while HDIQ.L is a U.S. Equity Income fund tracking the MSCI USA High Dividend Yield Advanced Select Index. Both are passively managed. Over the past 5 years, FVD.L returned 6.29%/yr vs 11.97%/yr for HDIQ.L. A 0.76 correlation means they provide meaningful diversification when combined. FVD.L charges 0.70%/yr vs 0.35%/yr for HDIQ.L.
Performance
FVD.L vs. HDIQ.L - Performance Comparison
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Different Trading Currencies
FVD.L is traded in USD, while HDIQ.L is traded in GBp. To make them comparable, the HDIQ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FVD.L achieves a 8.71% return, which is significantly lower than HDIQ.L's 13.98% return.
FVD.L
- 1D
- 0.59%
- 1M
- 4.32%
- 6M
- 6.19%
- YTD
- 8.71%
- 1Y
- 13.08%
- 3Y*
- 9.31%
- 5Y*
- 6.29%
- 10Y*
- —
HDIQ.L
- 1D
- -0.38%
- 1M
- 0.46%
- 6M
- 11.68%
- YTD
- 13.98%
- 1Y
- 24.24%
- 3Y*
- 17.76%
- 5Y*
- 11.97%
- 10Y*
- 10.72%
FVD.L vs. HDIQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD (Acc) | 8.71% | 8.66% | 9.25% | 3.39% | -4.80% | 24.66% | -3.10% |
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 13.98% | 16.95% | 15.38% | 13.74% | -6.31% | 22.35% | -0.89% |
Correlation
The correlation between FVD.L and HDIQ.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.76 |
Over the past year, the correlation between FVD.L and HDIQ.L has dropped to 0.42 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FVD.L vs. HDIQ.L — Risk / Return Rank
FVD.L
HDIQ.L
FVD.L vs. HDIQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index UCITS ETF Class A USD (Acc) (FVD.L) and iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L). 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.
| FVD.L | HDIQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.11 | -1.20 |
| Martin ratioReturn relative to average drawdown | 4.56 | 12.48 | -7.92 |
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Drawdowns
FVD.L vs. HDIQ.L - Drawdown Comparison
The maximum FVD.L drawdown since its inception was -34.96%, smaller than the maximum HDIQ.L drawdown of -43.17%. Use the drawdown chart below to compare losses from any high point for FVD.L and HDIQ.L.
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Drawdown Indicators
| FVD.L | HDIQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -43.17% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -7.77% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -17.33% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -17.67% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.19% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -13.45% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.94% | +0.92% |
Volatility
FVD.L vs. HDIQ.L - Volatility Comparison
First Trust Value Line Dividend Index UCITS ETF Class A USD (Acc) (FVD.L) has a higher volatility of 3.82% compared to iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) at 2.51%. This indicates that FVD.L's price experiences larger fluctuations and is considered to be riskier than HDIQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVD.L | HDIQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.51% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 8.21% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 10.70% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 14.12% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 14.72% | +1.74% |
FVD.L vs. HDIQ.L - Expense Ratio Comparison
FVD.L has a 0.70% expense ratio, which is higher than HDIQ.L's 0.35% expense ratio.
Dividends
FVD.L vs. HDIQ.L - Dividend Comparison
FVD.L has not paid dividends to shareholders, while HDIQ.L's dividend yield for the trailing twelve months is around 1.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.51% | 1.69% | 1.90% | 2.05% | 2.28% | 2.04% | 2.71% | 2.43% | 0.00% | 1.13% | 2.13% | 2.40% |
Frequently Asked Questions
FVD.L and HDIQ.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDIQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDIQ.L is cheaper with a 0.35% expense ratio, compared with 0.70% for FVD.L.
FVD.L is categorized as Dividend, while HDIQ.L is U.S. Equity Income. FVD.L tracks Value Line Dividend Index, while HDIQ.L tracks MSCI USA High Dividend Yield Advanced Select Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for FVD.L and 0.35% for HDIQ.L.
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