HDV vs. IVES

Last updated Jun 24, 2026

HDV (iShares Core High Dividend ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. Over the past year, HDV returned 21.06% vs 40.84% for IVES. At a correlation of -0.21, they often move in opposite directions. HDV charges 0.08%/yr vs 0.75%/yr for IVES.

Performance

HDV vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDV achieves a 14.07% return, which is significantly lower than IVES's 15.94% 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%

IVES

• 1D: -2.42%
• 1M: -1.61%
• YTD: 15.94%
• 6M: 13.43%
• 1Y: 40.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HDV vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
HDV iShares Core High Dividend ETF	14.07%	6.79%
IVES Dan IVES Wedbush AI Revolution ETF	15.94%	25.11%

Correlation

The correlation between HDV and IVES is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.21

HDV vs. IVES - Sectors Allocation Comparison

Sectors	HDV	IVES
Consumer Defensive	24.5%	-
Healthcare	22.6%	-
Energy	20.2%	-
Consumer Cyclical	9.2%	11.0%
Utilities	8.1%	1.3%
Communication Services	5.7%	10.9%
Financial Services	4.7%	1.9%
Industrials	3.5%	3.1%
Basic Materials	0.8%	-
Technology	0.2%	71.8%
Real Estate	-	-

Return for Risk

HDV vs. IVES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HDV

HDV Risk / Return Rank: 70
HDV Sharpe Ratio Rank: 68
HDV Sortino Ratio Rank: 73
HDV Omega Ratio Rank: 62
HDV Calmar Ratio Rank: 81
HDV Martin Ratio Rank: 64

IVES

IVES Risk / Return Rank: 40
IVES Sharpe Ratio Rank: 45
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 41
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 34

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. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Dan IVES Wedbush AI Revolution ETF (IVES). 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	IVES	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.51	+0.62
Sortino ratio: Return per unit of downside risk	3.13	2.03	+1.10
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	4.09	1.81	+2.27
Martin ratio: Return relative to average drawdown	11.19	4.94	+6.24

HDV vs. IVES - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.13, which is higher than the IVES Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of HDV and IVES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HDV vs. IVES - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for HDV and IVES.

Drawdown Indicators

	HDV	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-22.64%	-14.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-22.64%	+17.46%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	—	—
Current Drawdown Current decline from peak	-1.35%	-12.17%	+10.82%
Average Drawdown Average peak-to-trough decline	-3.08%	-5.83%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	8.28%	-6.39%

Volatility

HDV vs. IVES - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.64%, while Dan IVES Wedbush AI Revolution ETF (IVES) has a volatility of 11.75%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDV	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	11.75%	-8.11%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	21.34%	-13.73%
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	27.10%	-17.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	26.66%	-13.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	26.66%	-10.93%

HDV vs. IVES - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than IVES's 0.75% expense ratio.

Dividends

HDV vs. IVES - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.90%, more than IVES's 0.36% 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%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDV and IVES in my portfolio?

HDV and IVES have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDV or IVES?

IVES has higher volatility (11.75%) compared to HDV (3.64%). In terms of maximum drawdown, HDV dropped -37.04% vs IVES's -22.64%.

Which ETF is better, HDV or IVES?

On 1-year performance, IVES leads with 40.84% vs 21.06% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDV or IVES?

Over the 1-year period, IVES has performed better with a 40.84% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDV or IVES?

HDV is cheaper with a 0.08% expense ratio, compared with 0.75% for IVES.

Which ETF pays a higher dividend yield, HDV or IVES?

HDV has the higher dividend yield at 2.90%, compared with 0.36% for IVES.

What is the main difference between HDV and IVES?

HDV is categorized as Dividend, while IVES is Technology Equities. HDV tracks Morningstar Dividend Yield Focus Index, while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: iShares and Wedbush. Their fees differ too: 0.08% for HDV and 0.75% for IVES.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.13 vs 1.51), 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.