HDV vs. ALTY
HDV (iShares Core High Dividend ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 10 years, HDV returned 9.03%/yr vs 5.89%/yr for ALTY. A 0.54 correlation means they provide meaningful diversification when combined. HDV charges 0.08%/yr vs 0.50%/yr for ALTY.
Performance
HDV vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 15.36% return, which is significantly higher than ALTY's 7.91% return. Over the past 10 years, HDV has outperformed ALTY with an annualized return of 9.03%, while ALTY has yielded a comparatively lower 5.89% annualized return.
HDV
- 1D
- 0.44%
- 1M
- 0.05%
- 6M
- 13.47%
- YTD
- 15.36%
- 1Y
- 19.24%
- 3Y*
- 15.04%
- 5Y*
- 11.16%
- 10Y*
- 9.03%
ALTY
- 1D
- 0.22%
- 1M
- 1.05%
- 6M
- 6.40%
- YTD
- 7.91%
- 1Y
- 14.99%
- 3Y*
- 11.39%
- 5Y*
- 5.79%
- 10Y*
- 5.89%
HDV vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 15.36% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
ALTY Global X Alternative Income ETF | 7.91% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between HDV and ALTY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.54 |
The correlation between HDV and ALTY shifts across timeframes, from 0.43 (1 year) to 0.57 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HDV vs. ALTY — Risk / Return Rank
HDV
ALTY
HDV vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Global X Alternative Income ETF (ALTY). 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.
| HDV | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.47 | +0.13 |
| Martin ratioReturn relative to average drawdown | 9.85 | 16.01 | -6.16 |
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Drawdowns
HDV vs. ALTY - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for HDV and ALTY.
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Drawdown Indicators
| HDV | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -51.47% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -4.34% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -10.08% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -18.48% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -51.47% | +14.43% |
Current DrawdownCurrent decline from peak | -1.39% | 0.00% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -6.69% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 0.94% | +0.96% |
Volatility
HDV vs. ALTY - Volatility Comparison
iShares Core High Dividend ETF (HDV) has a higher volatility of 4.51% compared to Global X Alternative Income ETF (ALTY) at 1.51%. This indicates that HDV's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.51% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 4.56% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 5.83% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 10.54% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 16.50% | -0.76% |
HDV vs. ALTY - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than ALTY's 0.50% expense ratio.
Dividends
HDV vs. ALTY - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.87%, less than ALTY's 7.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.44% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
HDV iShares Core High Dividend ETF | 2.87% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
HDV and ALTY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.51%) compared to ALTY (1.51%). In terms of maximum drawdown, HDV dropped -37.04% vs ALTY's -51.47%.
On 10-year performance, HDV leads with 9.03% vs 5.89% for ALTY. On fees, HDV is cheaper at 0.08% per year. On volatility, ALTY has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HDV has performed better with a 9.03% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.50% for ALTY.
ALTY has the higher dividend yield at 7.44%, compared with 2.87% for HDV.
HDV is categorized as Dividend, while ALTY is Global Allocation. HDV tracks Morningstar Dividend Yield Focus Index, while ALTY tracks Indxx SuperDividend Alternatives Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.08% for HDV and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.58 vs 1.79), 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.
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