HDLV.DE vs. XDND.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and XDND.DE (Xtrackers MSCI North America High Dividend Yield UCITS ETF (Acc)) are both Dividend funds - HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index while XDND.DE tracks the MSCI North America High Dividend Yield Index. Both are passively managed. Over the past 10 years, HDLV.DE returned 6.48%/yr vs 9.54%/yr for XDND.DE. Their correlation of 0.85 suggests significant overlap in exposure. HDLV.DE charges 0.30%/yr vs 0.39%/yr for XDND.DE.
Performance
HDLV.DE vs. XDND.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 XDND.DE's 15.70% return. Over the past 10 years, HDLV.DE has underperformed XDND.DE with an annualized return of 6.48%, while XDND.DE has yielded a comparatively higher 9.54% annualized 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%
XDND.DE
- 1D
- 0.33%
- 1M
- 3.13%
- 6M
- 16.23%
- YTD
- 15.70%
- 1Y
- 21.96%
- 3Y*
- 12.11%
- 5Y*
- 9.67%
- 10Y*
- 9.54%
HDLV.DE vs. XDND.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% | -2.34% |
XDND.DE Xtrackers MSCI North America High Dividend Yield UCITS ETF (Acc) | 15.70% | 0.21% | 17.37% | 2.26% | 0.85% | 33.35% | -8.47% | 25.76% | -0.21% | 4.27% |
Correlation
The correlation between HDLV.DE and XDND.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 11, 2015 | 0.85 |
The correlation between HDLV.DE and XDND.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
HDLV.DE vs. XDND.DE — Risk / Return Rank
HDLV.DE
XDND.DE
HDLV.DE vs. XDND.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 Xtrackers MSCI North America High Dividend Yield UCITS ETF (Acc) (XDND.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 | XDND.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.44 | -2.31 |
| Martin ratioReturn relative to average drawdown | 5.44 | 13.43 | -7.99 |
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Drawdowns
HDLV.DE vs. XDND.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, which is greater than XDND.DE's maximum drawdown of -32.18%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and XDND.DE.
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Drawdown Indicators
| HDLV.DE | XDND.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -32.18% | -7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -4.92% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -18.13% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -18.13% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -32.18% | -7.03% |
Current DrawdownCurrent decline from peak | -2.47% | 0.00% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -6.84% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.63% | +0.95% |
Volatility
HDLV.DE vs. XDND.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a higher volatility of 3.52% compared to Xtrackers MSCI North America High Dividend Yield UCITS ETF (Acc) (XDND.DE) at 2.40%. This indicates that HDLV.DE's price experiences larger fluctuations and is considered to be riskier than XDND.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 | XDND.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 2.40% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 6.96% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 9.57% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 12.51% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 16.07% | +1.03% |
HDLV.DE vs. XDND.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is lower than XDND.DE's 0.39% expense ratio.
Dividends
HDLV.DE vs. XDND.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.47%, while XDND.DE has not paid dividends to shareholders.
| 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% |
XDND.DE Xtrackers MSCI North America High Dividend Yield UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLV.DE and XDND.DE have a correlation of 0.81, 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 0.39% for XDND.DE.
HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while XDND.DE tracks MSCI North America High Dividend Yield Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.30% for HDLV.DE and 0.39% for XDND.DE.
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