HDV vs. KTOS

Last updated Jun 9, 2026

HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while KTOS (Kratos Defense & Security Solutions, Inc.) is a stock. Over the past 10 years, HDV returned 9.21%/yr vs 30.73%/yr for KTOS. At a 0.33 correlation, their price movements are largely independent.

Performance

HDV vs. KTOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and Kratos Defense & Security Solutions, Inc. (KTOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDV achieves a 13.23% return, which is significantly higher than KTOS's -23.95% return. Over the past 10 years, HDV has underperformed KTOS with an annualized return of 9.21%, while KTOS has yielded a comparatively higher 30.73% 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%

KTOS

• 1D: -1.35%
• 1M: -0.28%
• YTD: -23.95%
• 6M: -25.06%
• 1Y: 42.65%
• 3Y*: 59.41%
• 5Y*: 16.85%
• 10Y*: 30.73%

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

HDV vs. KTOS - 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%
KTOS Kratos Defense & Security Solutions, Inc.	-23.95%	187.76%	30.01%	96.61%	-46.80%	-29.27%	52.30%	27.82%	33.05%	43.11%

Correlation

The correlation between HDV and KTOS is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011	0.33

Over the past year, the correlation between HDV and KTOS has dropped to 0.05 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Return for Risk

HDV vs. KTOS — Risk / Return Rank

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

HDV

HDV Risk / Return Rank: 75
HDV Sharpe Ratio Rank: 75
HDV Sortino Ratio Rank: 81
HDV Omega Ratio Rank: 70
HDV Calmar Ratio Rank: 84
HDV Martin Ratio Rank: 68

KTOS

KTOS Risk / Return Rank: 60
KTOS Sharpe Ratio Rank: 62
KTOS Sortino Ratio Rank: 62
KTOS Omega Ratio Rank: 59
KTOS Calmar Ratio Rank: 58
KTOS Martin Ratio Rank: 57

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. KTOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Kratos Defense & Security Solutions, Inc. (KTOS). 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	KTOS	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.60	+1.59
Sortino ratio: Return per unit of downside risk	3.23	1.28	+1.95
Omega ratio: Gain probability vs. loss probability	1.38	1.15	+0.22
Calmar ratio: Return relative to maximum drawdown	4.10	0.71	+3.39
Martin ratio: Return relative to average drawdown	11.37	1.47	+9.90
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. KTOS - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.19, which is higher than the KTOS Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of HDV and KTOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDV	KTOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.60	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.32	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.61	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	-0.14	+0.86

Drawdowns

HDV vs. KTOS - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for HDV and KTOS.

Drawdown Indicators

	HDV	KTOS	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-99.81%	+62.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-60.15%	+54.97%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	-60.15%	+49.66%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-69.39%	+53.97%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-72.74%	+35.70%
Current Drawdown Current decline from peak	-2.08%	-96.34%	+94.26%
Average Drawdown Average peak-to-trough decline	-3.09%	-95.94%	+92.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	29.04%	-27.18%

Volatility

HDV vs. KTOS - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.08%, while Kratos Defense & Security Solutions, Inc. (KTOS) has a volatility of 23.93%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDV	KTOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	23.93%	-20.85%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	56.47%	-48.96%
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	71.96%	-62.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	52.22%	-39.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	50.78%	-35.05%

Dividends

HDV vs. KTOS - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.89%, while KTOS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KTOS Kratos Defense & Security Solutions, Inc.	0.00%	0.00%	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 KTOS in my portfolio?

HDV and KTOS have a correlation of 0.05, 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 KTOS?

KTOS has higher volatility (23.93%) compared to HDV (3.08%). In terms of maximum drawdown, HDV dropped -37.04% vs KTOS's -99.81%.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.19 vs 0.60), 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.