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HDV vs. IUSV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HDV vs. IUSV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Core High Dividend ETF (HDV) and iShares Core S&P U.S. Value ETF (IUSV).

HDV and IUSV 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. IUSV is a passively managed fund by iShares that tracks the performance of the S&P 900 Value Index. It was launched on Jul 24, 2000. Both HDV and IUSV 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. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

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HDV vs. IUSV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IUSV
iShares Core S&P U.S. Value ETF		0.10%12.85%12.18%21.73%-5.40%25.22%1.56%31.47%-9.21%15.09%

Returns By Period

In the year-to-date period, HDV achieves a 12.30% return, which is significantly higher than IUSV's 0.10% return. Over the past 10 years, HDV has underperformed IUSV with an annualized return of 9.52%, while IUSV has yielded a comparatively higher 11.59% 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%

IUSV

1D
1.77%
1M
-4.59%
YTD
0.10%
6M
3.24%
1Y
12.87%
3Y*
13.69%
5Y*
10.25%
10Y*
11.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core High Dividend ETF

iShares Core S&P U.S. Value ETF

Often compared with HDV:
HDV vs. SCHDHDV vs. SPYDHDV vs. VYMHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY
Often compared with IUSV:
IUSV vs. IUSGIUSV vs. VTVIUSV vs. SCHDIUSV vs. SPYIUSV vs. VOOIUSV vs. VLUEIUSV vs. DGRO

HDV vs. IUSV - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is higher than IUSV's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

HDV
iShares Core High Dividend ETF
IUSV
iShares Core S&P U.S. Value ETF

Return for Risk

HDV vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDV
HDV Risk / Return Rank: 7070
Overall Rank
HDV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7171
Sortino Ratio Rank
HDV Omega Ratio Rank: 7171
Omega Ratio Rank
HDV Calmar Ratio Rank: 6969
Calmar Ratio Rank
HDV Martin Ratio Rank: 6565
Martin Ratio Rank
IUSV
IUSV Risk / Return Rank: 5151
Overall Rank
IUSV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IUSV Sortino Ratio Rank: 4949
Sortino Ratio Rank
IUSV Omega Ratio Rank: 5252
Omega Ratio Rank
IUSV Calmar Ratio Rank: 4949
Calmar Ratio Rank
IUSV Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HDV vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and iShares Core S&P U.S. Value ETF (IUSV). 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.

HDVIUSVDifference

Sharpe ratio

Return per unit of total volatility

1.24

0.82

+0.41

Sortino ratio

Return per unit of downside risk

1.70

1.24

+0.45

Omega ratio

Gain probability vs. loss probability

1.25

1.19

+0.06

Calmar ratio

Return relative to maximum drawdown

1.65

1.15

+0.50

Martin ratio

Return relative to average drawdown

6.01

5.37

+0.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDV vs. IUSV - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 1.24, which is higher than the IUSV Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of HDV and IUSV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HDVIUSVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

0.82

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.71

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.68

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.59

+0.14

Correlation

The correlation between HDV and IUSV is 0.84, 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. IUSV - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.92%, more than IUSV's 1.81% yield.

TTM20252024202320222021202020192018201720162015
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%
IUSV
iShares Core S&P U.S. Value ETF		1.81%1.78%2.15%1.75%2.22%1.87%2.40%2.19%2.67%1.93%4.44%7.63%

Drawdowns

HDV vs. IUSV - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for HDV and IUSV.

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Drawdown Indicators

HDVIUSVDifference

Max Drawdown

Largest peak-to-trough decline

-37.04%

-56.88%

+19.84%

Max Drawdown (1Y)

Largest decline over 1 year

-10.04%

-12.13%

+2.09%

Max Drawdown (5Y)

Largest decline over 5 years

-15.42%

-17.95%

+2.53%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-37.54%

+0.50%

Current Drawdown

Current decline from peak

-2.58%

-4.64%

+2.06%

Average Drawdown

Average peak-to-trough decline

-3.09%

-6.33%

+3.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

2.60%

+0.28%

Volatility

HDV vs. IUSV - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 2.94%, while iShares Core S&P U.S. Value ETF (IUSV) has a volatility of 3.92%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than IUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDVIUSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

3.92%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

7.06%

7.79%

-0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

12.79%

15.70%

-2.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.78%

14.60%

-1.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.70%

17.09%

-1.39%