HDLV.DE vs. IQQA.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and IQQA.DE (iShares Euro Dividend UCITS ETF) are both Dividend funds - HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index while IQQA.DE tracks the EURO STOXX® Select Dividend 30. Both are passively managed. Over the past 10 years, HDLV.DE returned 6.33%/yr vs 8.05%/yr for IQQA.DE. A 0.50 correlation means they provide meaningful diversification when combined. HDLV.DE charges 0.30%/yr vs 0.40%/yr for IQQA.DE.
Performance
HDLV.DE vs. IQQA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 16.02% return, which is significantly higher than IQQA.DE's 12.78% return. Over the past 10 years, HDLV.DE has underperformed IQQA.DE with an annualized return of 6.33%, while IQQA.DE has yielded a comparatively higher 8.05% annualized return.
HDLV.DE
- 1D
- 0.43%
- 1M
- 6.68%
- 6M
- 11.92%
- YTD
- 16.02%
- 1Y
- 16.81%
- 3Y*
- 11.57%
- 5Y*
- 8.25%
- 10Y*
- 6.33%
IQQA.DE
- 1D
- -0.08%
- 1M
- 1.70%
- 6M
- 11.52%
- YTD
- 12.78%
- 1Y
- 24.27%
- 3Y*
- 21.51%
- 5Y*
- 10.42%
- 10Y*
- 8.05%
HDLV.DE vs. IQQA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 16.02% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -2.56% | -2.34% |
IQQA.DE iShares Euro Dividend UCITS ETF | 12.78% | 42.54% | 7.97% | 4.19% | -13.42% | 23.42% | -17.75% | 22.61% | -11.41% | 10.01% |
Correlation
The correlation between HDLV.DE and IQQA.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 11, 2015 | 0.50 |
Over the past year, the correlation between HDLV.DE and IQQA.DE has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.DE vs. IQQA.DE — Risk / Return Rank
HDLV.DE
IQQA.DE
HDLV.DE vs. IQQA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) and iShares Euro Dividend UCITS ETF (IQQA.DE). 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.
| HDLV.DE | IQQA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.09 | -0.53 |
| Martin ratioReturn relative to average drawdown | 6.50 | 9.50 | -3.00 |
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Drawdowns
HDLV.DE vs. IQQA.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, smaller than the maximum IQQA.DE drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and IQQA.DE.
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Drawdown Indicators
| HDLV.DE | IQQA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -71.63% | +32.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -7.83% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -12.88% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -24.68% | +4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -42.23% | +3.02% |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -8.69% | -23.49% | +14.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.55% | +0.03% |
Volatility
HDLV.DE vs. IQQA.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a higher volatility of 3.81% compared to iShares Euro Dividend UCITS ETF (IQQA.DE) at 2.99%. This indicates that HDLV.DE's price experiences larger fluctuations and is considered to be riskier than IQQA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.DE | IQQA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 2.99% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 9.59% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 11.73% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 14.73% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 16.90% | +0.22% |
HDLV.DE vs. IQQA.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is lower than IQQA.DE's 0.40% expense ratio.
Dividends
HDLV.DE vs. IQQA.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.38%, less than IQQA.DE's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.38% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
IQQA.DE iShares Euro Dividend UCITS ETF | 4.40% | 4.35% | 5.87% | 5.83% | 5.26% | 3.68% | 3.54% | 4.81% | 4.81% | 3.90% | 3.96% | 3.98% |
Frequently Asked Questions
HDLV.DE and IQQA.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for IQQA.DE.
HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while IQQA.DE tracks EURO STOXX® Select Dividend 30. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for HDLV.DE and 0.40% for IQQA.DE.
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