HDV vs. DEW
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 9.57%/yr vs 9.64%/yr for DEW. Their correlation of 0.81 means they have usually moved in the same direction. HDV charges 0.08%/yr vs 0.58%/yr for DEW.
Performance
HDV vs. DEW - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HDV having a 19.66% return and DEW slightly lower at 19.14%. Both investments have delivered pretty close results over the past 10 years, with HDV having a 9.57% annualized return and DEW not far ahead at 9.64%.
HDV
- 1D
- -0.31%
- 1M
- 2.46%
- 6M
- 10.00%
- YTD
- 19.66%
- 1Y
- 25.24%
- 3Y*
- 15.80%
- 5Y*
- 12.13%
- 10Y*
- 9.57%
- ALL TIME*
- 10.80%
DEW
- 1D
- -0.14%
- 1M
- 4.14%
- 6M
- 12.32%
- YTD
- 19.14%
- 1Y
- 30.34%
- 3Y*
- 19.89%
- 5Y*
- 12.85%
- 10Y*
- 9.64%
- ALL TIME*
- 6.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $705.15K | $387.18K | |
| $168.30M | $156.51M | $108.57M |
HDV vs. DEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 19.66% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
DEW WisdomTree Global High Dividend Fund | 19.14% | 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 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.81 |
The correlation between HDV and DEW shifts across timeframes, from 0.69 (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
Healthcare
Energy
Consumer Cyclical
Utilities
Communication Services
Financial Services
Industrials
Technology
Basic Materials
Real Estate
-
Consumer Defensive
HDV
DEW
Healthcare
HDV
DEW
Energy
HDV
DEW
Consumer Cyclical
HDV
DEW
Utilities
HDV
DEW
Communication Services
HDV
DEW
Financial Services
HDV
DEW
Industrials
HDV
DEW
Technology
HDV
DEW
Basic Materials
HDV
DEW
Real Estate
HDV
-
DEW
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Return for Risk
HDV vs. DEW — Risk / Return Rank
HDV
DEW
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.
| HDV | DEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.58 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 4.81 | +0.09 |
| Martin ratioReturn relative to average drawdown | 13.39 | 19.45 | -6.06 |
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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
| HDV | DEW | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -1.72% | -0.39% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -12.34% | +9.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.56% | +0.33% |
Volatility
HDV vs. DEW - Volatility Comparison
iShares Core High Dividend ETF (HDV) has a higher volatility of 4.52% compared to WisdomTree Global High Dividend Fund (DEW) at 2.02%. 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
| HDV | DEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 2.02% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 7.25% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 9.53% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 12.90% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 15.37% | +0.42% |
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 3.08%, less than DEW's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEW WisdomTree Global High Dividend Fund | 3.12% | 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 | 3.08% | 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 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.52%) compared to DEW (2.02%). In terms of maximum drawdown, HDV dropped -37.04% vs DEW's -65.55%.
On 10-year performance, DEW leads with 9.64% vs 9.57% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, DEW has been the lower-risk option at 2.02%. 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 9.64% return vs 9.57%. 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 3.12%, compared with 3.08% 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 (3.20 vs 2.34), 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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