HDV vs. MCD
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while MCD (McDonald's Corporation) is a stock. Over the past 10 years, HDV returned 9.47%/yr vs 11.46%/yr for MCD. At a 0.49 correlation, their price movements are largely independent.
Performance
HDV vs. MCD - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 15.30% return, which is significantly higher than MCD's -5.66% return. Over the past 10 years, HDV has underperformed MCD with an annualized return of 9.47%, while MCD has yielded a comparatively higher 11.46% annualized return.
HDV
- 1D
- 0.87%
- 1M
- 2.05%
- YTD
- 15.30%
- 6M
- 15.20%
- 1Y
- 21.86%
- 3Y*
- 15.16%
- 5Y*
- 10.91%
- 10Y*
- 9.47%
MCD
- 1D
- 0.01%
- 1M
- 4.28%
- YTD
- -5.66%
- 6M
- -8.96%
- 1Y
- -3.37%
- 3Y*
- 1.94%
- 5Y*
- 6.16%
- 10Y*
- 11.46%
HDV vs. MCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 15.30% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
MCD McDonald's Corporation | -5.66% | 7.89% | 0.14% | 15.06% | 0.51% | 27.79% | 11.30% | 13.97% | 5.78% | 45.05% |
Correlation
The correlation between HDV and MCD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.49 |
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Return for Risk
HDV vs. MCD — Risk / Return Rank
HDV
MCD
HDV vs. MCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and McDonald's Corporation (MCD). 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 | MCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.98 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | -0.20 | +4.38 |
| Martin ratioReturn relative to average drawdown | 11.59 | -0.50 | +12.09 |
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Drawdowns
HDV vs. MCD - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum MCD drawdown of -73.20%. Use the drawdown chart below to compare losses from any high point for HDV and MCD.
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Drawdown Indicators
| HDV | MCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -73.20% | +36.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -19.05% | +13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -19.05% | +8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -19.05% | +3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -36.90% | -0.14% |
Current DrawdownCurrent decline from peak | -0.29% | -15.46% | +15.17% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -14.89% | +11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 7.53% | -5.66% |
Volatility
HDV vs. MCD - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.10%, while McDonald's Corporation (MCD) has a volatility of 4.96%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than MCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | MCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 4.96% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 12.20% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 16.62% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 17.27% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 20.40% | -4.67% |
Dividends
HDV vs. MCD - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.84%, more than MCD's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.84% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
MCD McDonald's Corporation | 2.58% | 2.35% | 2.34% | 2.10% | 2.15% | 1.96% | 2.35% | 2.39% | 2.36% | 2.23% | 2.97% | 2.91% |
Frequently Asked Questions
HDV and MCD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCD has higher volatility (4.96%) compared to HDV (3.10%). In terms of maximum drawdown, HDV dropped -37.04% vs MCD's -73.20%.
HDV currently has the higher Sharpe Ratio (2.23 vs -0.23), 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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