HDV vs. DVY
Compare and contrast key facts about iShares Core High Dividend ETF (HDV) and iShares Select Dividend ETF (DVY).
HDV and DVY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. Both HDV and DVY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HDV vs. DVY - Performance Comparison
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HDV vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 12.30% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
DVY iShares Select Dividend ETF | 8.10% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 14.82% |
Returns By Period
In the year-to-date period, HDV achieves a 12.30% return, which is significantly higher than DVY's 8.10% return. Over the past 10 years, HDV has underperformed DVY with an annualized return of 9.52%, while DVY has yielded a comparatively higher 10.19% annualized return.
HDV
- 1D
- 0.24%
- 1M
- -2.54%
- YTD
- 12.30%
- 6M
- 12.67%
- 1Y
- 15.69%
- 3Y*
- 13.97%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
DVY
- 1D
- 0.92%
- 1M
- -2.37%
- YTD
- 8.10%
- 6M
- 8.58%
- 1Y
- 17.02%
- 3Y*
- 13.09%
- 5Y*
- 9.56%
- 10Y*
- 10.19%
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HDV vs. DVY - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than DVY's 0.39% expense ratio.
Return for Risk
HDV vs. DVY — Risk / Return Rank
HDV
DVY
HDV vs. DVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and iShares Select Dividend ETF (DVY). 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.
| HDV | DVY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.09 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.57 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.50 | +0.14 |
Martin ratioReturn relative to average drawdown | 6.01 | 6.48 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDV | DVY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.09 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.63 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.57 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.47 | +0.25 |
Correlation
The correlation between HDV and DVY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HDV vs. DVY - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.92%, less than DVY's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.92% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
DVY iShares Select Dividend ETF | 3.46% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
Drawdowns
HDV vs. DVY - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for HDV and DVY.
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Drawdown Indicators
| HDV | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -62.59% | +25.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -12.23% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -17.54% | +2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -41.59% | +4.55% |
Current DrawdownCurrent decline from peak | -2.58% | -3.39% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -8.84% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.84% | +0.04% |
Volatility
HDV vs. DVY - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 2.94%, while iShares Select Dividend ETF (DVY) has a volatility of 3.50%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.50% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 8.21% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 15.75% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 15.28% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 18.02% | -2.32% |