HDV vs. HIGH
HDV (iShares Core High Dividend ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while HIGH is a Derivative Income fund actively managed by Simplify. HDV is passively managed, while HIGH is actively managed. Over the past 3 years, HDV returned 15.48%/yr vs 2.72%/yr for HIGH. At a 0.09 correlation, their price movements are largely independent. HDV charges 0.08%/yr vs 0.51%/yr for HIGH.
Performance
HDV vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 14.07% return, which is significantly higher than HIGH's -0.79% return.
HDV
- 1D
- 1.33%
- 1M
- -1.35%
- YTD
- 14.07%
- 6M
- 14.08%
- 1Y
- 21.06%
- 3Y*
- 15.48%
- 5Y*
- 11.09%
- 10Y*
- 9.45%
HIGH
- 1D
- -0.82%
- 1M
- 0.09%
- YTD
- -0.79%
- 6M
- -1.67%
- 1Y
- -1.43%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
HDV vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 14.07% | 11.90% | 14.16% | 1.72% | 3.84% |
HIGH Simplify Enhanced Income ETF | -0.79% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between HDV and HIGH is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.09 |
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Return for Risk
HDV vs. HIGH — Risk / Return Rank
HDV
HIGH
HDV vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Simplify Enhanced Income ETF (HIGH). 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 | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.98 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | -0.15 | +4.24 |
| Martin ratioReturn relative to average drawdown | 11.19 | -0.21 | +11.40 |
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Drawdowns
HDV vs. HIGH - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for HDV and HIGH.
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Drawdown Indicators
| HDV | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -9.50% | -27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -9.50% | +4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -9.50% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | -1.35% | -7.50% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -2.44% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 6.73% | -4.84% |
Volatility
HDV vs. HIGH - Volatility Comparison
iShares Core High Dividend ETF (HDV) has a higher volatility of 3.64% compared to Simplify Enhanced Income ETF (HIGH) at 1.91%. This indicates that HDV's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 1.91% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 3.81% | +3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 8.79% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 9.53% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 9.53% | +6.20% |
HDV vs. HIGH - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than HIGH's 0.51% expense ratio.
Dividends
HDV vs. HIGH - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.90%, less than HIGH's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.90% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
HIGH Simplify Enhanced Income ETF | 7.36% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDV and HIGH have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (3.64%) compared to HIGH (1.91%). In terms of maximum drawdown, HDV dropped -37.04% vs HIGH's -9.50%.
On 3-year performance, HDV leads with 15.48% vs 2.72% for HIGH. On fees, HDV is cheaper at 0.08% per year. On volatility, HIGH has been the lower-risk option at 1.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HDV has performed better with a 15.48% return vs 2.72%. 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 0.51% for HIGH.
HIGH has the higher dividend yield at 7.36%, compared with 2.90% for HDV.
HDV is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.08% for HDV and 0.51% for HIGH.
HDV currently has the higher Sharpe Ratio (2.13 vs -0.16), 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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