GVUS vs. HDV

Last updated Aug 2, 2026

GVUS (Goldman Sachs MarketBeta Russell 1000 Value Equity ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - GVUS is a Large Cap Value Equities fund tracking the Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past year, GVUS returned 32.63% vs 25.63% for HDV. Their 0.64 correlation means they have sometimes moved together and sometimes differently. GVUS charges 0.12%/yr vs 0.08%/yr for HDV.

Performance

GVUS vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GVUS having a 20.44% return and HDV slightly lower at 20.03%.

GVUS

• 1D: 0.40%
• 1M: 1.97%
• 6M: 15.29%
• YTD: 20.44%
• 1Y: 32.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.48%

HDV

• 1D: 0.03%
• 1M: 2.79%
• 6M: 10.43%
• YTD: 20.03%
• 1Y: 25.63%
• 3Y*: 15.43%
• 5Y*: 12.05%
• 10Y*: 9.66%
• ALL TIME*: 10.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF	$3.81M	$1.84M	$668.69K
HDV iShares Core High Dividend ETF	$196.84M	$160.55M	$106.56M

GVUS vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF	20.44%	15.90%	14.08%	5.51%
HDV iShares Core High Dividend ETF	20.03%	11.90%	14.16%	4.37%

Correlation

The correlation between GVUS and HDV is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.64

Over the past year, the correlation between GVUS and HDV has dropped to 0.43 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

GVUS vs. HDV - Sectors Allocation Comparison

Sectors	GVUS	HDV
Technology	19.6%	0.9%
Financial Services	19.3%	4.7%
Healthcare	12.6%	23.9%
Industrials	10.3%	2.8%
Consumer Cyclical	10.2%	9.3%
Consumer Defensive	7.3%	24.3%
Energy	6.1%	19.8%
Utilities	3.9%	8.2%
Real Estate	3.8%	-
Basic Materials	3.5%	0.8%
Communication Services	3.2%	5.2%

Return for Risk

GVUS vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GVUS

GVUS Risk / Return Rank: 94
GVUS Sharpe Ratio Rank: 95
GVUS Sortino Ratio Rank: 94
GVUS Omega Ratio Rank: 94
GVUS Calmar Ratio Rank: 94
GVUS Martin Ratio Rank: 95

HDV

HDV Risk / Return Rank: 92
HDV Sharpe Ratio Rank: 92
HDV Sortino Ratio Rank: 93
HDV Omega Ratio Rank: 90
HDV Calmar Ratio Rank: 94
HDV Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GVUS vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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.

	GVUS	HDV	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.39	+0.38
Sortino ratio: Return per unit of downside risk	3.88	3.58	+0.29
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	4.67	4.98	-0.31
Martin ratio: Return relative to average drawdown	19.95	13.63	+6.32

GVUS vs. HDV - Sharpe Ratio Comparison

The current GVUS Sharpe Ratio is 2.76, which is comparable to the HDV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of GVUS and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GVUS vs. HDV - Drawdown Comparison

The maximum GVUS drawdown since its inception was -15.82%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GVUS and HDV.

Drawdown Indicators

	GVUS	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	-37.04%	+21.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-5.18%	-1.50%
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	-0.18%	-1.41%	+1.23%
Average Drawdown Average peak-to-trough decline	-1.92%	-3.06%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.89%	-0.33%

Volatility

GVUS vs. HDV - Volatility Comparison

The current volatility for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is 2.93%, while iShares Core High Dividend ETF (HDV) has a volatility of 4.98%. This indicates that GVUS experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVUS	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	4.98%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	8.72%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.34%	10.85%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	12.95%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	15.78%	-2.57%

GVUS vs. HDV - Expense Ratio Comparison

GVUS has a 0.12% expense ratio, which is higher than HDV's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GVUS vs. HDV - Dividend Comparison

GVUS's dividend yield for the trailing twelve months is around 1.49%, less than HDV's 3.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF	1.49%	1.77%	2.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	3.07%	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

Can I hold both GVUS and HDV in my portfolio?

GVUS and HDV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVUS or HDV?

HDV has higher volatility (4.98%) compared to GVUS (2.93%). In terms of maximum drawdown, GVUS dropped -15.82% vs HDV's -37.04%.

Which ETF is better, GVUS or HDV?

On 1-year performance, GVUS leads with 32.63% vs 25.63% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, GVUS has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVUS or HDV?

Over the 1-year period, GVUS has performed better with a 32.63% return vs 25.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVUS or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.12% for GVUS.

Which ETF pays a higher dividend yield, GVUS or HDV?

HDV has the higher dividend yield at 3.07%, compared with 1.49% for GVUS.

What is the main difference between GVUS and HDV?

GVUS is categorized as Large Cap Value Equities, while HDV is Dividend. GVUS tracks Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GVUS and 0.08% for HDV.

Which has better risk-adjusted returns?

GVUS currently has the higher Sharpe Ratio (2.76 vs 2.39), 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.