HDV vs. MNDY
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while MNDY (monday.com Ltd.) is a stock. Over the past 3 years, HDV returned 14.75%/yr vs -21.74%/yr for MNDY. At a 0.12 correlation, their price movements are largely independent.
Performance
HDV vs. MNDY - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 13.23% return, which is significantly higher than MNDY's -43.24% 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%
MNDY
- 1D
- -2.31%
- 1M
- 16.22%
- YTD
- -43.24%
- 6M
- -48.29%
- 1Y
- -72.56%
- 3Y*
- -21.74%
- 5Y*
- —
- 10Y*
- —
HDV vs. MNDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 13.23% | 11.90% | 14.16% | 1.72% | 7.05% | 4.45% |
MNDY monday.com Ltd. | -43.24% | -37.33% | 25.36% | 53.94% | -60.48% | 72.59% |
Correlation
The correlation between HDV and MNDY is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.12 |
The correlation between HDV and MNDY shifts across timeframes, from -0.09 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDV vs. MNDY — Risk / Return Rank
HDV
MNDY
HDV vs. MNDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and monday.com Ltd. (MNDY). 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 | MNDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.30 | ||
| Sortino ratioReturn per unit of downside risk | +5.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.74 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | -0.89 | +4.99 |
| Martin ratioReturn relative to average drawdown | 11.37 | -1.30 | +12.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDV | MNDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | -1.11 | +3.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | -0.20 | +0.92 |
Drawdowns
HDV vs. MNDY - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum MNDY drawdown of -86.78%. Use the drawdown chart below to compare losses from any high point for HDV and MNDY.
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Drawdown Indicators
| HDV | MNDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -86.78% | +49.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -81.30% | +76.12% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -82.07% | +71.58% |
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 | -2.08% | -81.16% | +79.08% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -54.25% | +51.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 55.62% | -53.76% |
Volatility
HDV vs. MNDY - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.08%, while monday.com Ltd. (MNDY) has a volatility of 24.66%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than MNDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | MNDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 24.66% | -21.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 49.21% | -41.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 65.57% | -55.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 71.95% | -59.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 71.95% | -56.22% |
Dividends
HDV vs. MNDY - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.89%, while MNDY 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% |
MNDY monday.com Ltd. | 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
HDV and MNDY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNDY has higher volatility (24.66%) compared to HDV (3.08%). In terms of maximum drawdown, HDV dropped -37.04% vs MNDY's -86.78%.
HDV currently has the higher Sharpe Ratio (2.19 vs -1.11), 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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