HDLB vs. DGRO
Compare and contrast key facts about ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and iShares Core Dividend Growth ETF (DGRO).
HDLB and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 2019. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both HDLB and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDLB or DGRO.
Key characteristics
| HDLB | DGRO | |
|---|---|---|
| YTD Return | 9.41% | 8.20% |
| 1Y Return | 23.45% | 19.17% |
| 3Y Return (Ann) | 0.23% | 6.90% |
| Sharpe Ratio | 0.72 | 1.97 |
| Daily Std Dev | 32.19% | 9.87% |
| Max Drawdown | -78.70% | -35.10% |
| Current Drawdown | -27.15% | -0.24% |
Correlation
The correlation between HDLB and DGRO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HDLB vs. DGRO - Performance Comparison
In the year-to-date period, HDLB achieves a 9.41% return, which is significantly higher than DGRO's 8.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HDLB vs. DGRO - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
HDLB vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
HDLB vs. DGRO - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 11.15%, more than DGRO's 2.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 11.15% | 12.36% | 12.27% | 8.08% | 16.23% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.29% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
HDLB vs. DGRO - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for HDLB and DGRO. For additional features, visit the drawdowns tool.
Volatility
HDLB vs. DGRO - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a higher volatility of 6.97% compared to iShares Core Dividend Growth ETF (DGRO) at 2.29%. This indicates that HDLB's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.