PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HDV vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDV vs. QQQ

Last updated Jun 16, 2026

HDV (iShares Core High Dividend ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, HDV returned 9.36%/yr vs 22.31%/yr for QQQ. A 0.51 correlation means they provide meaningful diversification when combined. HDV charges 0.08%/yr vs 0.18%/yr for QQQ.

Performance

HDV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HDV achieves a 14.11% return, which is significantly lower than QQQ's 21.26% return. Over the past 10 years, HDV has underperformed QQQ with an annualized return of 9.36%, while QQQ has yielded a comparatively higher 22.31% annualized return.

HDV

1D
-1.03%
1M
1.04%
YTD
14.11%
6M
13.57%
1Y
20.60%
3Y*
14.34%
5Y*
10.83%
10Y*
9.36%

QQQ

1D
3.14%
1M
4.95%
YTD
21.26%
6M
22.17%
1Y
41.87%
3Y*
27.20%
5Y*
17.59%
10Y*
22.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDV vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HDV
iShares Core High Dividend ETF		14.11%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%
QQQ
Invesco QQQ ETF		21.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between HDV and QQQ is -0.08, 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

-0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2011

0.51

The correlation between HDV and QQQ shifts across timeframes, from -0.08 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

HDV vs. QQQ - Sectors Allocation Comparison

Sectors
HDV
QQQ

Consumer Defensive

24.2%
6.4%

Energy

21.0%
0.5%

Healthcare

17.0%
3.7%

Financial Services

10.8%
0.2%

Technology

9.7%
58.7%

Utilities

8.9%
1.2%

Consumer Cyclical

6.0%
11.4%

Industrials

1.3%
2.6%

Basic Materials

1.1%
1.0%

Communication Services

0.1%
14.3%

Real Estate

-

0.1%

Consumer Defensive

HDV
24.2%
QQQ
6.4%

Energy

HDV
21.0%
QQQ
0.5%

Healthcare

HDV
17.0%
QQQ
3.7%

Financial Services

HDV
10.8%
QQQ
0.2%

Technology

HDV
9.7%
QQQ
58.7%

Utilities

HDV
8.9%
QQQ
1.2%

Consumer Cyclical

HDV
6.0%
QQQ
11.4%

Industrials

HDV
1.3%
QQQ
2.6%

Basic Materials

HDV
1.1%
QQQ
1.0%

Communication Services

HDV
0.1%
QQQ
14.3%

Real Estate

HDV

-

QQQ
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core High Dividend ETF

Invesco QQQ ETF

Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

HDV vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDV
HDV Risk / Return Rank: 7474
Overall Rank
HDV Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7979
Sortino Ratio Rank
HDV Omega Ratio Rank: 6868
Omega Ratio Rank
HDV Calmar Ratio Rank: 8383
Calmar Ratio Rank
HDV Martin Ratio Rank: 6767
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7979
Overall Rank
QQQ Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7979
Sortino Ratio Rank
QQQ Omega Ratio Rank: 8181
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7676
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7676
Martin Ratio Rank
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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Invesco QQQ ETF (QQQ). 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.

HDVQQQDifference
Sharpe ratioReturn per unit of total volatility
2.12
2.42

-0.30

Sortino ratioReturn per unit of downside risk
3.12
3.12

0.00

Omega ratioGain probability vs. loss probability

1.36

1.42

-0.06

Calmar ratioReturn relative to maximum drawdown

4.00

3.52

+0.48

Martin ratioReturn relative to average drawdown

11.07

13.12

-2.04

HDV vs. QQQ - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.12, which is comparable to the QQQ Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of HDV and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HDV vs. QQQ - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HDV and QQQ.

Loading charts...

Drawdown Indicators

HDVQQQDifference

Max Drawdown

Largest peak-to-trough decline

-37.04%

-82.97%

+45.93%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-11.96%

+6.78%

Max Drawdown (3Y)

Largest decline over 3 years

-10.49%

-22.77%

+12.28%

Max Drawdown (5Y)

Largest decline over 5 years

-15.42%

-35.12%

+19.70%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-35.12%

-1.92%

Current Drawdown

Current decline from peak

-1.31%

-0.29%

-1.02%

Average Drawdown

Average peak-to-trough decline

-3.08%

-32.75%

+29.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

3.20%

-1.33%

Volatility

HDV vs. QQQ - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.28%, while Invesco QQQ ETF (QQQ) has a volatility of 8.14%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HDVQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

8.14%

-4.86%

Volatility (6M)

Calculated over the trailing 6-month period

7.53%

14.12%

-6.59%

Volatility (1Y)

Calculated over the trailing 1-year period

9.79%

17.43%

-7.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.84%

22.59%

-9.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.74%

22.41%

-6.67%

HDV vs. QQQ - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HDV vs. QQQ - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 3.56%, more than QQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.56%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

HDV and QQQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (8.14%) compared to HDV (3.28%). In terms of maximum drawdown, HDV dropped -37.04% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 22.31% vs 9.36% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 22.31% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.18% for QQQ.

HDV has the higher dividend yield at 3.56%, compared with 0.38% for QQQ.

HDV is categorized as Dividend, while QQQ is Nasdaq-100. HDV tracks Morningstar Dividend Yield Focus Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.08% for HDV and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (2.42 vs 2.12), 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.

Portfolio Optimizer

Find the right allocation for HDV and QQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer