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HDV vs. DEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDV vs. DEW

Last updated Jun 23, 2026

HDV (iShares Core High Dividend ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 10 years, HDV returned 9.31%/yr vs 9.67%/yr for DEW. Their correlation of 0.82 suggests significant overlap in exposure. HDV charges 0.08%/yr vs 0.58%/yr for DEW.

Performance

HDV vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and WisdomTree Global High Dividend Fund (DEW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with HDV having a 12.57% return and DEW slightly lower at 12.49%. Both investments have delivered pretty close results over the past 10 years, with HDV having a 9.31% annualized return and DEW not far ahead at 9.67%.

HDV

1D
0.15%
1M
-2.65%
YTD
12.57%
6M
12.67%
1Y
19.54%
3Y*
14.97%
5Y*
10.90%
10Y*
9.31%

DEW

1D
0.54%
1M
-0.50%
YTD
12.49%
6M
12.55%
1Y
25.77%
3Y*
19.10%
5Y*
11.63%
10Y*
9.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDV vs. DEW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HDV
iShares Core High Dividend ETF		12.57%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%
DEW
WisdomTree Global High Dividend Fund		12.49%22.39%11.58%9.39%-2.73%21.29%-7.32%20.45%-10.58%15.38%

Correlation

The correlation between HDV and DEW is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2011

0.82

The correlation between HDV and DEW shifts across timeframes, from 0.72 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.

HDV vs. DEW - Sectors Allocation Comparison

Sectors
HDV
DEW

Consumer Defensive

24.5%
8.9%

Healthcare

22.6%
9.5%

Energy

20.2%
14.7%

Consumer Cyclical

9.2%
3.1%

Utilities

8.1%
10.8%

Communication Services

5.7%
4.1%

Financial Services

4.7%
19.7%

Industrials

3.5%
4.4%

Basic Materials

0.8%
2.8%

Technology

0.2%
2.5%

Real Estate

-

10.8%

Consumer Defensive

HDV
24.5%
DEW
8.9%

Healthcare

HDV
22.6%
DEW
9.5%

Energy

HDV
20.2%
DEW
14.7%

Consumer Cyclical

HDV
9.2%
DEW
3.1%

Utilities

HDV
8.1%
DEW
10.8%

Communication Services

HDV
5.7%
DEW
4.1%

Financial Services

HDV
4.7%
DEW
19.7%

Industrials

HDV
3.5%
DEW
4.4%

Basic Materials

HDV
0.8%
DEW
2.8%

Technology

HDV
0.2%
DEW
2.5%

Real Estate

HDV

-

DEW
10.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core High Dividend ETF

WisdomTree Global High Dividend Fund

Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY
Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SPYDEW vs. ^GSPCDEW vs. SCHDDEW vs. NTSXDEW vs. NOBL

Return for Risk

HDV vs. DEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDV
HDV Risk / Return Rank: 6464
Overall Rank
HDV Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 6666
Sortino Ratio Rank
HDV Omega Ratio Rank: 5757
Omega Ratio Rank
HDV Calmar Ratio Rank: 7777
Calmar Ratio Rank
HDV Martin Ratio Rank: 6060
Martin Ratio Rank
DEW
DEW Risk / Return Rank: 8383
Overall Rank
DEW Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 8686
Sortino Ratio Rank
DEW Omega Ratio Rank: 8282
Omega Ratio Rank
DEW Calmar Ratio Rank: 8181
Calmar Ratio Rank
DEW Martin Ratio Rank: 8282
Martin Ratio Rank
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.

HDV vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and WisdomTree Global High Dividend Fund (DEW). 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.

HDVDEWDifference
Sharpe ratioReturn per unit of total volatility
1.99
2.66

-0.66

Sortino ratioReturn per unit of downside risk
2.92
3.70

-0.78

Omega ratioGain probability vs. loss probability

1.34

1.47

-0.13

Calmar ratioReturn relative to maximum drawdown

3.79

4.08

-0.29

Martin ratioReturn relative to average drawdown

10.39

15.99

-5.60

HDV vs. DEW - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 1.99, which is comparable to the DEW Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of HDV and DEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HDV vs. DEW - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for HDV and DEW.

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Drawdown Indicators

HDVDEWDifference

Max Drawdown

Largest peak-to-trough decline

-37.04%

-65.55%

+28.51%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-6.34%

+1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-10.49%

-11.80%

+1.31%

Max Drawdown (5Y)

Largest decline over 5 years

-15.42%

-18.86%

+3.44%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-38.77%

+1.73%

Current Drawdown

Current decline from peak

-2.65%

-1.54%

-1.11%

Average Drawdown

Average peak-to-trough decline

-3.08%

-12.41%

+9.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.62%

+0.27%

Volatility

HDV vs. DEW - Volatility Comparison

iShares Core High Dividend ETF (HDV) has a higher volatility of 3.37% compared to WisdomTree Global High Dividend Fund (DEW) at 2.76%. This indicates that HDV's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDVDEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

2.76%

+0.61%

Volatility (6M)

Calculated over the trailing 6-month period

7.52%

7.35%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

9.87%

9.77%

+0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.80%

12.98%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.74%

15.52%

+0.22%

HDV vs. DEW - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

HDV vs. DEW - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.94%, less than DEW's 3.20% yield.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.20%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
HDV
iShares Core High Dividend ETF		2.94%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 DEW have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HDV has higher volatility (3.37%) compared to DEW (2.76%). In terms of maximum drawdown, HDV dropped -37.04% vs DEW's -65.55%.

On 10-year performance, DEW leads with 9.67% vs 9.31% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, DEW has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DEW has performed better with a 9.67% return vs 9.31%. 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 0.58% for DEW.

DEW has the higher dividend yield at 3.20%, compared with 2.94% for HDV.

HDV is categorized as Dividend, while DEW is Large Cap Value Equities. HDV tracks Morningstar Dividend Yield Focus Index, while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.08% for HDV and 0.58% for DEW.

DEW currently has the higher Sharpe Ratio (2.65 vs 1.99), 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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