HDLV.DE vs. VGWD.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds - HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index while VGWD.DE tracks the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, HDLV.DE returned 7.63%/yr vs 12.10%/yr for VGWD.DE. A 0.73 correlation means they provide meaningful diversification when combined. HDLV.DE charges 0.30%/yr vs 0.29%/yr for VGWD.DE.
Performance
HDLV.DE vs. VGWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 12.89% return, which is significantly lower than VGWD.DE's 16.23% return.
HDLV.DE
- 1D
- 0.44%
- 1M
- 6.78%
- 6M
- 13.04%
- YTD
- 12.89%
- 1Y
- 14.06%
- 3Y*
- 9.63%
- 5Y*
- 7.63%
- 10Y*
- 6.48%
VGWD.DE
- 1D
- 0.63%
- 1M
- 3.52%
- 6M
- 15.34%
- YTD
- 16.23%
- 1Y
- 28.26%
- 3Y*
- 16.59%
- 5Y*
- 12.10%
- 10Y*
- —
HDLV.DE vs. VGWD.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 | 12.89% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -2.56% | 2.35% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 16.23% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between HDLV.DE and VGWD.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.73 |
Over the past year, the correlation between HDLV.DE and VGWD.DE has dropped to 0.51 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.DE vs. VGWD.DE — Risk / Return Rank
HDLV.DE
VGWD.DE
HDLV.DE vs. VGWD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.56 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.84 | -2.70 |
| Martin ratioReturn relative to average drawdown | 5.44 | 18.99 | -13.55 |
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Drawdowns
HDLV.DE vs. VGWD.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, which is greater than VGWD.DE's maximum drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and VGWD.DE.
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Drawdown Indicators
| HDLV.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -34.57% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -5.82% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -16.86% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -16.86% | -3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | 0.00% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -4.01% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.48% | +1.10% |
Volatility
HDLV.DE vs. VGWD.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a higher volatility of 3.52% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.27%. This indicates that HDLV.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 2.27% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 7.19% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 9.38% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 11.53% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 14.18% | +2.92% |
HDLV.DE vs. VGWD.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is higher than VGWD.DE's 0.29% expense ratio.
Dividends
HDLV.DE vs. VGWD.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.47%, more than VGWD.DE's 2.48% 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 | 3.47% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.48% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
HDLV.DE and VGWD.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for HDLV.DE.
HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while VGWD.DE tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.30% for HDLV.DE and 0.29% for VGWD.DE.
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