HDLB vs. TEK
HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) and TEK (iShares Technology Opportunities Active ETF) are both exchange-traded funds - HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%), while TEK is a Technology Equities fund actively managed by iShares. HDLB is passively managed, while TEK is actively managed. Over the past year, HDLB returned 17.78% vs 65.88% for TEK. At a correlation of -0.08, they often move in opposite directions. HDLB charges 1.65%/yr vs 0.75%/yr for TEK.
Performance
HDLB vs. TEK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HDLB achieves a 9.69% return, which is significantly lower than TEK's 42.72% return.
HDLB
- 1D
- -1.72%
- 1M
- -4.18%
- YTD
- 9.69%
- 6M
- 8.78%
- 1Y
- 17.78%
- 3Y*
- 26.82%
- 5Y*
- 11.24%
- 10Y*
- —
TEK
- 1D
- -0.66%
- 1M
- 19.02%
- YTD
- 42.72%
- 6M
- 40.70%
- 1Y
- 65.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDLB vs. TEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 9.69% | 27.26% | -7.66% |
TEK iShares Technology Opportunities Active ETF | 42.72% | 18.63% | 2.35% |
Correlation
The correlation between HDLB and TEK is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | -0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HDLB vs. TEK — Risk / Return Rank
HDLB
TEK
HDLB vs. TEK - Risk-Adjusted Trends 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 Technology Opportunities Active ETF (TEK). 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.
| HDLB | TEK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.43 | -2.20 |
| Martin ratioReturn relative to average drawdown | 2.69 | 9.99 | -7.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HDLB | TEK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 2.59 | -1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 1.41 | -1.31 |
Drawdowns
HDLB vs. TEK - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than TEK's maximum drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for HDLB and TEK.
Loading charts...
Drawdown Indicators
| HDLB | TEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -28.24% | -50.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.50% | -19.29% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | — | — |
Current DrawdownCurrent decline from peak | -14.15% | -0.66% | -13.49% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -5.89% | -21.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 6.62% | 0.00% |
Volatility
HDLB vs. TEK - Volatility Comparison
The current volatility for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is 6.21%, while iShares Technology Opportunities Active ETF (TEK) has a volatility of 9.15%. This indicates that HDLB experiences smaller price fluctuations and is considered to be less risky than TEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HDLB | TEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 9.15% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 21.17% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.46% | 25.62% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.55% | 29.18% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.58% | 29.18% | +14.40% |
HDLB vs. TEK - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than TEK's 0.75% expense ratio.
Dividends
HDLB vs. TEK - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 12.13%, more than TEK's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TEK iShares Technology Opportunities Active ETF | 1.13% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLB and TEK have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEK has higher volatility (9.15%) compared to HDLB (6.21%). In terms of maximum drawdown, HDLB dropped -78.70% vs TEK's -28.24%.
On 1-year performance, TEK leads with 65.88% vs 17.78% for HDLB. On fees, TEK is cheaper at 0.75% per year. On volatility, HDLB has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEK has performed better with a 65.88% return vs 17.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEK is cheaper with a 0.75% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 12.13%, compared with 1.13% for TEK.
HDLB is categorized as Leveraged Equities, while TEK is Technology Equities. They also come from different issuers: UBS and iShares. Their fees differ too: 1.65% for HDLB and 0.75% for TEK.
TEK currently has the higher Sharpe Ratio (2.59 vs 0.68), 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.
Find the right allocation for HDLB and TEK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer