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 16.44%/yr vs 2.69%/yr for HIGH. At a 0.07 correlation, their price movements are largely independent. HDV charges 0.08%/yr vs 0.50%/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 18.49% return, which is significantly higher than HIGH's -0.61% return.
HDV
- 1D
- 2.57%
- 1M
- 3.57%
- 6M
- 13.53%
- YTD
- 18.49%
- 1Y
- 23.14%
- 3Y*
- 16.44%
- 5Y*
- 11.92%
- 10Y*
- 9.28%
HIGH
- 1D
- -0.53%
- 1M
- -0.23%
- 6M
- -0.45%
- YTD
- -0.61%
- 1Y
- -2.26%
- 3Y*
- 2.69%
- 5Y*
- —
- 10Y*
- —
HDV vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 18.49% | 11.90% | 14.16% | 1.72% | 3.84% |
HIGH Simplify Enhanced Income ETF | -0.61% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between HDV and HIGH is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.07 |
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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 | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.95 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | -0.32 | +4.81 |
| Martin ratioReturn relative to average drawdown | 12.27 | -0.52 | +12.79 |
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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% | -7.08% | +1.90% |
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 | 0.00% | -7.33% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -2.52% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 4.34% | -2.45% |
Volatility
HDV vs. HIGH - Volatility Comparison
iShares Core High Dividend ETF (HDV) has a higher volatility of 5.12% compared to Simplify Enhanced Income ETF (HIGH) at 1.87%. 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 | 5.12% | 1.87% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 3.76% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 7.25% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 9.48% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 9.48% | +6.29% |
HDV vs. HIGH - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than HIGH's 0.50% expense ratio.
Dividends
HDV vs. HIGH - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.11%, less than HIGH's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.11% | 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 | 7.10% | 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 -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (5.12%) compared to HIGH (1.87%). In terms of maximum drawdown, HDV dropped -37.04% vs HIGH's -9.50%.
On 3-year performance, HDV leads with 16.44% vs 2.69% for HIGH. On fees, HDV is cheaper at 0.08% per year. On volatility, HIGH has been the lower-risk option at 1.87%. 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 16.44% return vs 2.69%. 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 0.50% for HIGH.
HIGH has the higher dividend yield at 7.10%, compared with 3.11% 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 0.50% for HIGH.
HDV currently has the higher Sharpe Ratio (2.17 vs -0.31), 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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