HDLV.L vs. SCHD

Last updated Jun 5, 2026

HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - HDLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, HDLV.L returned 6.48%/yr vs 12.79%/yr for SCHD. A 0.53 correlation means they provide meaningful diversification when combined. HDLV.L charges 0.30%/yr vs 0.06%/yr for SCHD.

Performance

HDLV.L vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDLV.L achieves a 4.40% return, which is significantly lower than SCHD's 19.82% return. Over the past 10 years, HDLV.L has underperformed SCHD with an annualized return of 6.48%, while SCHD has yielded a comparatively higher 12.79% annualized return.

HDLV.L

• 1D: 0.05%
• 1M: -0.07%
• YTD: 4.40%
• 6M: 5.51%
• 1Y: 8.68%
• 3Y*: 10.98%
• 5Y*: 5.04%
• 10Y*: 6.48%

SCHD

• 1D: 0.68%
• 1M: 2.84%
• YTD: 19.82%
• 6M: 19.65%
• 1Y: 28.76%
• 3Y*: 15.59%
• 5Y*: 8.50%
• 10Y*: 12.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HDLV.L vs. SCHD - 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	4.40%	3.58%	16.39%	1.20%	0.46%	24.79%	-10.93%	18.82%	-7.10%	11.38%
SCHD Schwab U.S. Dividend Equity ETF	19.82%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between HDLV.L and SCHD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since May 13, 2015	0.53

The correlation between HDLV.L and SCHD has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

HDLV.L vs. SCHD - Sectors Allocation Comparison

Sectors	HDLV.L	SCHD
Real Estate	20.1%	-
Consumer Defensive	17.8%	19.2%
Financial Services	15.6%	9.3%
Energy	14.1%	16.2%
Utilities	13.7%	0.0%
Communication Services	8.6%	6.3%
Healthcare	5.1%	18.8%
Consumer Cyclical	3.4%	6.3%
Technology	1.4%	16.4%
Industrials	0.0%	7.5%
Basic Materials	-	1.2%

Return for Risk

HDLV.L vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HDLV.L

HDLV.L Risk / Return Rank: 23
HDLV.L Sharpe Ratio Rank: 23
HDLV.L Sortino Ratio Rank: 24
HDLV.L Omega Ratio Rank: 22
HDLV.L Calmar Ratio Rank: 26
HDLV.L Martin Ratio Rank: 23

SCHD

SCHD Risk / Return Rank: 85
SCHD Sharpe Ratio Rank: 82
SCHD Sortino Ratio Rank: 89
SCHD Omega Ratio Rank: 80
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HDLV.L vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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.

	HDLV.L	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.64	-1.82
Sortino ratio: Return per unit of downside risk	1.25	4.08	-2.83
Omega ratio: Gain probability vs. loss probability	1.14	1.47	-0.33
Calmar ratio: Return relative to maximum drawdown	1.21	6.26	-5.05
Martin ratio: Return relative to average drawdown	2.80	15.38	-12.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDLV.L vs. SCHD - Sharpe Ratio Comparison

The current HDLV.L Sharpe Ratio is 0.82, which is lower than the SCHD Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of HDLV.L and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDLV.L	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	2.64	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.59	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.77	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.86	-0.39

Drawdowns

HDLV.L vs. SCHD - Drawdown Comparison

The maximum HDLV.L drawdown since its inception was -41.02%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for HDLV.L and SCHD.

Drawdown Indicators

	HDLV.L	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-33.37%	-7.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-4.61%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-14.59%	-16.13%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.04%	-16.85%	-3.19%
Max Drawdown (10Y) Largest decline over 10 years	-41.02%	-33.37%	-7.65%
Current Drawdown Current decline from peak	-5.15%	-0.73%	-4.42%
Average Drawdown Average peak-to-trough decline	-5.70%	-3.32%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	1.87%	+1.23%

Volatility

HDLV.L vs. SCHD - Volatility Comparison

Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) has a higher volatility of 3.06% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.69%. This indicates that HDLV.L's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDLV.L	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.69%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	7.65%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	10.95%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	14.38%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	16.71%	-0.55%

HDLV.L vs. SCHD - Expense Ratio Comparison

HDLV.L has a 0.30% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

HDLV.L vs. SCHD - Dividend Comparison

HDLV.L's dividend yield for the trailing twelve months is around 3.74%, more than SCHD's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist	3.74%	3.91%	3.54%	4.04%	3.56%	3.37%	4.35%	3.69%	3.79%	3.07%	3.07%	1.89%
SCHD Schwab U.S. Dividend Equity ETF	3.24%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both HDLV.L and SCHD in my portfolio?

HDLV.L and SCHD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDLV.L or SCHD?

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDLV.L or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.30% for HDLV.L.

What is the main difference between HDLV.L and SCHD?

HDLV.L is categorized as S&P 500, while SCHD is Dividend. HDLV.L tracks S&P 500 Low Volatility High Dividend Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.30% for HDLV.L and 0.06% for SCHD.