HDLV.L vs. EXSH.DE
HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both exchange-traded funds - HDLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index, while EXSH.DE is a Europe Equities fund tracking the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 10 years, HDLV.L returned 7.02%/yr vs 10.76%/yr for EXSH.DE. A 0.56 correlation means they provide meaningful diversification when combined. HDLV.L charges 0.30%/yr vs 0.32%/yr for EXSH.DE.
Performance
HDLV.L vs. EXSH.DE - Performance Comparison
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Different Trading Currencies
HDLV.L is traded in USD, while EXSH.DE is traded in EUR. To make them comparable, the EXSH.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDLV.L achieves a 8.80% return, which is significantly lower than EXSH.DE's 13.11% return. Over the past 10 years, HDLV.L has underperformed EXSH.DE with an annualized return of 7.02%, while EXSH.DE has yielded a comparatively higher 10.76% annualized return.
HDLV.L
- 1D
- 0.79%
- 1M
- 4.92%
- YTD
- 8.80%
- 6M
- 9.01%
- 1Y
- 12.58%
- 3Y*
- 11.55%
- 5Y*
- 5.85%
- 10Y*
- 7.02%
EXSH.DE
- 1D
- 1.76%
- 1M
- 1.47%
- YTD
- 13.11%
- 6M
- 17.81%
- 1Y
- 33.26%
- 3Y*
- 25.55%
- 5Y*
- 11.05%
- 10Y*
- 10.76%
HDLV.L vs. EXSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 8.80% | 3.58% | 16.39% | 1.20% | 0.44% | 24.81% | -10.91% | 18.81% | -7.12% | 11.37% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.11% | 63.43% | -1.08% | 13.34% | -16.03% | 13.83% | -1.36% | 24.18% | -9.80% | 19.29% |
Correlation
The correlation between HDLV.L and EXSH.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 11, 2015 | 0.56 |
Over the past year, the correlation between HDLV.L and EXSH.DE has dropped to 0.30 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.L vs. EXSH.DE — Risk / Return Rank
HDLV.L
EXSH.DE
HDLV.L vs. EXSH.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 Dist (HDLV.L) and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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.L | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 3.81 | -2.06 |
| Martin ratioReturn relative to average drawdown | 4.02 | 12.30 | -8.28 |
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Drawdowns
HDLV.L vs. EXSH.DE - Drawdown Comparison
The maximum HDLV.L drawdown since its inception was -41.00%, smaller than the maximum EXSH.DE drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for HDLV.L and EXSH.DE.
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Drawdown Indicators
| HDLV.L | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.00% | -72.18% | +31.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -8.69% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -13.53% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.04% | -35.17% | +15.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.00% | -40.79% | -0.21% |
Current DrawdownCurrent decline from peak | -1.15% | -1.75% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -31.19% | +25.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.70% | +0.42% |
Volatility
HDLV.L vs. EXSH.DE - Volatility Comparison
The current volatility for Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) is 3.57%, while iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) has a volatility of 4.59%. This indicates that HDLV.L experiences smaller price fluctuations and is considered to be less risky than EXSH.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.L | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.59% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 11.81% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 14.42% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 18.05% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 19.36% | -3.19% |
HDLV.L vs. EXSH.DE - Expense Ratio Comparison
HDLV.L has a 0.30% expense ratio, which is lower than EXSH.DE's 0.32% expense ratio.
Dividends
HDLV.L vs. EXSH.DE - Dividend Comparison
HDLV.L's dividend yield for the trailing twelve months is around 3.56%, less than EXSH.DE's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.44% | 5.06% | 5.08% | 5.55% | 5.26% | 3.26% | 3.11% | 3.90% | 3.85% | 4.36% | 4.33% | 3.44% |
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 3.56% | 3.91% | 3.54% | 4.04% | 3.56% | 3.37% | 4.35% | 3.69% | 3.79% | 3.07% | 3.07% | 1.89% |
Frequently Asked Questions
HDLV.L and EXSH.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.L is cheaper with a 0.30% expense ratio, compared with 0.32% for EXSH.DE.
HDLV.L is categorized as S&P 500, while EXSH.DE is Europe Equities. HDLV.L tracks S&P 500 Low Volatility High Dividend Index, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for HDLV.L and 0.32% for EXSH.DE.
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