HDV vs. NUE
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while NUE (Nucor Corporation) is a stock. Over the past 10 years, HDV returned 9.21%/yr vs 20.15%/yr for NUE. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
HDV vs. NUE - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 13.23% return, which is significantly lower than NUE's 55.89% return. Over the past 10 years, HDV has underperformed NUE with an annualized return of 9.21%, while NUE has yielded a comparatively higher 20.15% 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%
NUE
- 1D
- -0.39%
- 1M
- 11.38%
- YTD
- 55.89%
- 6M
- 60.16%
- 1Y
- 111.60%
- 3Y*
- 22.06%
- 5Y*
- 20.51%
- 10Y*
- 20.15%
HDV vs. NUE - 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% |
NUE Nucor Corporation | 55.89% | 42.03% | -31.95% | 33.75% | 17.39% | 118.45% | -1.77% | 11.84% | -16.36% | 9.60% |
Correlation
The correlation between HDV and NUE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.53 |
Over the past year, the correlation between HDV and NUE has dropped to 0.23 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
HDV vs. NUE — Risk / Return Rank
HDV
NUE
HDV vs. NUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Nucor Corporation (NUE). 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 | NUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.54 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 6.09 | -1.99 |
| Martin ratioReturn relative to average drawdown | 11.37 | 18.29 | -6.92 |
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 | NUE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 3.80 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.55 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.41 | +0.31 |
Drawdowns
HDV vs. NUE - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum NUE drawdown of -68.34%. Use the drawdown chart below to compare losses from any high point for HDV and NUE.
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Drawdown Indicators
| HDV | NUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -68.34% | +31.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -18.43% | +13.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -47.79% | +37.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -47.79% | +32.37% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -57.21% | +20.17% |
Current DrawdownCurrent decline from peak | -2.08% | -3.39% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -21.14% | +18.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 6.12% | -4.26% |
Volatility
HDV vs. NUE - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.08%, while Nucor Corporation (NUE) has a volatility of 7.99%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than NUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | NUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 7.99% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 20.45% | -12.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 29.59% | -19.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 37.70% | -24.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 35.97% | -20.24% |
Dividends
HDV vs. NUE - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.89%, more than NUE's 0.88% yield.
| 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% |
NUE Nucor Corporation | 0.88% | 1.35% | 1.86% | 1.19% | 1.52% | 1.50% | 3.03% | 2.85% | 2.97% | 2.38% | 2.52% | 3.70% |
Frequently Asked Questions
HDV and NUE 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.
NUE has higher volatility (7.99%) compared to HDV (3.08%). In terms of maximum drawdown, HDV dropped -37.04% vs NUE's -68.34%.
NUE currently has the higher Sharpe Ratio (3.80 vs 2.19), 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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