HDV vs. PG
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while PG (The Procter & Gamble Company) is a stock. Over the past 10 years, HDV returned 9.47%/yr vs 8.96%/yr for PG. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
HDV vs. PG - 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 PG's 5.93% return. Over the past 10 years, HDV has outperformed PG with an annualized return of 9.47%, while PG has yielded a comparatively lower 8.96% 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%
PG
- 1D
- 0.86%
- 1M
- 4.83%
- YTD
- 5.93%
- 6M
- 6.28%
- 1Y
- -3.97%
- 3Y*
- 3.69%
- 5Y*
- 4.73%
- 10Y*
- 8.96%
HDV vs. PG - 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% |
PG The Procter & Gamble Company | 5.93% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
Correlation
The correlation between HDV and PG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.57 |
The correlation between HDV and PG has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
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Return for Risk
HDV vs. PG — Risk / Return Rank
HDV
PG
HDV vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and The Procter & Gamble Company (PG). 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 | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.97 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | -0.37 | +4.55 |
| Martin ratioReturn relative to average drawdown | 11.59 | -0.68 | +12.27 |
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Drawdowns
HDV vs. PG - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum PG drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for HDV and PG.
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Drawdown Indicators
| HDV | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -54.25% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -15.52% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -21.15% | +10.66% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -23.77% | +8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -23.77% | -13.27% |
Current DrawdownCurrent decline from peak | -0.29% | -13.29% | +13.00% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -12.16% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 8.80% | -6.93% |
Volatility
HDV vs. PG - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.10%, while The Procter & Gamble Company (PG) has a volatility of 6.99%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 6.99% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 15.01% | -7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 18.78% | -9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 17.82% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 19.05% | -3.32% |
Dividends
HDV vs. PG - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.84%, which matches PG's 2.85% 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% |
PG The Procter & Gamble Company | 2.85% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Frequently Asked Questions
HDV and PG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PG has higher volatility (6.99%) compared to HDV (3.10%). In terms of maximum drawdown, HDV dropped -37.04% vs PG's -54.25%.
HDV currently has the higher Sharpe Ratio (2.23 vs -0.30), 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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