HDUS vs. CVSE

Last updated Jun 4, 2026

HDUS (Hartford Disciplined US Equity ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. HDUS is passively managed, while CVSE is actively managed. Over the past 3 years, HDUS returned 21.13%/yr vs 13.34%/yr for CVSE. Their correlation of 0.86 suggests significant overlap in exposure. HDUS charges 0.19%/yr vs 0.29%/yr for CVSE.

Performance

HDUS vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Disciplined US Equity ETF (HDUS) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HDUS

• 1D: -0.74%
• 1M: 4.44%
• YTD: 10.84%
• 6M: 10.51%
• 1Y: 26.49%
• 3Y*: 21.13%
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

HDUS vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HDUS Hartford Disciplined US Equity ETF	10.84%	17.17%	23.57%	13.35%
CVSE Calvert US Select Equity ETF	0.00%	10.14%	19.11%	13.35%

Correlation

The correlation between HDUS and CVSE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.86

Over the past year, the correlation between HDUS and CVSE has dropped to 0.47 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

HDUS vs. CVSE - Sectors Allocation Comparison

Sectors	HDUS	CVSE
Technology	35.1%	39.5%
Financial Services	12.2%	16.3%
Communication Services	11.4%	5.1%
Consumer Cyclical	10.2%	7.0%
Industrials	7.0%	11.3%
Healthcare	6.5%	10.3%
Consumer Defensive	5.6%	1.7%
Real Estate	5.0%	3.5%
Energy	3.2%	-
Utilities	2.3%	2.5%
Basic Materials	1.3%	2.7%

Return for Risk

HDUS vs. CVSE — Risk / Return Rank

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

HDUS

HDUS Risk / Return Rank: 76
HDUS Sharpe Ratio Rank: 76
HDUS Sortino Ratio Rank: 76
HDUS Omega Ratio Rank: 75
HDUS Calmar Ratio Rank: 72
HDUS Martin Ratio Rank: 84

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

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.

HDUS vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Disciplined US Equity ETF (HDUS) and Calvert US Select Equity ETF (CVSE). 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.

	HDUS	CVSE	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.28	+1.15
Sortino ratio: Return per unit of downside risk	3.36	1.90	+1.46
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	3.56	2.66	+0.90
Martin ratio: Return relative to average drawdown	17.05	5.71	+11.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDUS vs. CVSE - Sharpe Ratio Comparison

The current HDUS Sharpe Ratio is 2.43, which is higher than the CVSE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HDUS and CVSE, 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

	HDUS	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.28	+1.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.92	+0.50

Drawdowns

HDUS vs. CVSE - Drawdown Comparison

The maximum HDUS drawdown since its inception was -17.94%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for HDUS and CVSE.

Drawdown Indicators

	HDUS	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-17.94%	-20.29%	+2.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-3.08%	-4.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.94%	-20.29%	+2.35%
Current Drawdown Current decline from peak	-0.83%	-1.68%	+0.85%
Average Drawdown Average peak-to-trough decline	-2.03%	-2.69%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.42%	+0.14%

Volatility

HDUS vs. CVSE - Volatility Comparison

Hartford Disciplined US Equity ETF (HDUS) has a higher volatility of 2.48% compared to Calvert US Select Equity ETF (CVSE) at 0.00%. This indicates that HDUS's price experiences larger fluctuations and is considered to be riskier than CVSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDUS	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	0.00%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	0.00%	+8.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	6.49%	+4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	13.87%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	13.87%	+0.28%

HDUS vs. CVSE - Expense Ratio Comparison

HDUS has a 0.19% expense ratio, which is lower than CVSE's 0.29% expense ratio.

Dividends

HDUS vs. CVSE - Dividend Comparison

HDUS's dividend yield for the trailing twelve months is around 1.32%, more than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023	2022
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%	0.00%
HDUS Hartford Disciplined US Equity ETF	1.32%	1.45%	1.58%	1.36%	0.33%

Frequently Asked Questions

Can I hold both HDUS and CVSE in my portfolio?

HDUS and CVSE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDUS or CVSE?

HDUS has higher volatility (2.48%) compared to CVSE (0.00%). In terms of maximum drawdown, HDUS dropped -17.94% vs CVSE's -20.29%.

Which ETF is better, HDUS or CVSE?

On 3-year performance, HDUS leads with 21.13% vs 13.34% for CVSE. On fees, HDUS is cheaper at 0.19% per year. On volatility, CVSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDUS or CVSE?

Over the 3-year period, HDUS has performed better with a 21.13% return vs 13.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDUS or CVSE?

HDUS is cheaper with a 0.19% expense ratio, compared with 0.29% for CVSE.

Which ETF pays a higher dividend yield, HDUS or CVSE?

HDUS has the higher dividend yield at 1.32%, compared with 0.59% for CVSE.

What is the main difference between HDUS and CVSE?

They also come from different issuers: Hartford and Calvert. Their fees differ too: 0.19% for HDUS and 0.29% for CVSE.

Which has better risk-adjusted returns?

HDUS currently has the higher Sharpe Ratio (2.43 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.