HDV vs. ESLT
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while ESLT (Elbit Systems Ltd) is a stock. Over the past 10 years, HDV returned 9.21%/yr vs 25.96%/yr for ESLT. At a 0.27 correlation, their price movements are largely independent.
Performance
HDV vs. ESLT - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 13.23% return, which is significantly lower than ESLT's 43.85% return. Over the past 10 years, HDV has underperformed ESLT with an annualized return of 9.21%, while ESLT has yielded a comparatively higher 25.96% annualized return.
HDV
- 1D
- -0.44%
- 1M
- 2.01%
- YTD
- 13.23%
- 6M
- 14.65%
- 1Y
- 21.13%
- 3Y*
- 14.75%
- 5Y*
- 10.58%
- 10Y*
- 9.21%
ESLT
- 1D
- 0.83%
- 1M
- 6.13%
- YTD
- 43.85%
- 6M
- 71.50%
- 1Y
- 98.59%
- 3Y*
- 60.25%
- 5Y*
- 45.92%
- 10Y*
- 25.96%
HDV vs. ESLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 13.23% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
ESLT Elbit Systems Ltd | 43.85% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
Correlation
The correlation between HDV and ESLT is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.27 |
Over the past year, the correlation between HDV and ESLT has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
HDV vs. ESLT — Risk / Return Rank
HDV
ESLT
HDV vs. ESLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Elbit Systems Ltd (ESLT). 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 | ESLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.82 | +0.28 |
| Martin ratioReturn relative to average drawdown | 11.37 | 10.82 | +0.55 |
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 | ESLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.35 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.39 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.89 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.62 | +0.11 |
Drawdowns
HDV vs. ESLT - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum ESLT drawdown of -53.79%. Use the drawdown chart below to compare losses from any high point for HDV and ESLT.
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Drawdown Indicators
| HDV | ESLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -53.79% | +16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -25.98% | +20.80% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -25.98% | +15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -32.89% | +17.47% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -32.89% | -4.15% |
Current DrawdownCurrent decline from peak | -2.08% | -18.07% | +15.99% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -13.92% | +10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 9.14% | -7.28% |
Volatility
HDV vs. ESLT - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.08%, while Elbit Systems Ltd (ESLT) has a volatility of 15.36%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than ESLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | ESLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 15.36% | -12.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 33.61% | -26.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 42.26% | -32.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 33.13% | -20.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 29.13% | -13.40% |
Dividends
HDV vs. ESLT - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.89%, more than ESLT's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.37% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
HDV iShares Core High Dividend ETF | 2.89% | 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 ESLT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (15.36%) compared to HDV (3.08%). In terms of maximum drawdown, HDV dropped -37.04% vs ESLT's -53.79%.
ESLT currently has the higher Sharpe Ratio (2.35 vs 2.19), 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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