HDV vs. AVAV
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while AVAV (AeroVironment, Inc.) is a stock. Over the past 10 years, HDV returned 9.47%/yr vs 18.47%/yr for AVAV. At a 0.34 correlation, their price movements are largely independent.
Performance
HDV vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 15.30% return, which is significantly higher than AVAV's -29.48% return. Over the past 10 years, HDV has underperformed AVAV with an annualized return of 9.47%, while AVAV has yielded a comparatively higher 18.47% annualized return.
HDV
- 1D
- 0.87%
- 1M
- 2.09%
- YTD
- 15.30%
- 6M
- 15.20%
- 1Y
- 21.86%
- 3Y*
- 15.16%
- 5Y*
- 10.91%
- 10Y*
- 9.47%
AVAV
- 1D
- -7.14%
- 1M
- 7.96%
- YTD
- -29.48%
- 6M
- -28.63%
- 1Y
- -12.57%
- 3Y*
- 20.96%
- 5Y*
- 8.68%
- 10Y*
- 18.47%
HDV vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 15.30% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
AVAV AeroVironment, Inc. | -29.48% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
Correlation
The correlation between HDV and AVAV is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.34 |
The correlation between HDV and AVAV shifts across timeframes, from -0.06 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDV vs. AVAV — Risk / Return Rank
HDV
AVAV
HDV vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and AeroVironment, Inc. (AVAV). 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 | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.04 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | -0.17 | +4.35 |
| Martin ratioReturn relative to average drawdown | 11.59 | -0.30 | +11.89 |
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Drawdowns
HDV vs. AVAV - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum AVAV drawdown of -61.45%. Use the drawdown chart below to compare losses from any high point for HDV and AVAV.
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Drawdown Indicators
| HDV | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -61.45% | +24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -61.45% | +56.27% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -61.45% | +50.96% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -61.45% | +46.03% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -61.45% | +24.41% |
Current DrawdownCurrent decline from peak | -0.29% | -58.38% | +58.09% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -28.71% | +25.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 34.44% | -32.57% |
Volatility
HDV vs. AVAV - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.10%, while AeroVironment, Inc. (AVAV) has a volatility of 26.86%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 26.86% | -23.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 57.90% | -50.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 74.35% | -64.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 56.01% | -43.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 52.05% | -36.32% |
Dividends
HDV vs. AVAV - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.84%, while AVAV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.84% | 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 AVAV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (26.86%) compared to HDV (3.10%). In terms of maximum drawdown, HDV dropped -37.04% vs AVAV's -61.45%.
HDV currently has the higher Sharpe Ratio (2.23 vs -0.14), 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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