HDV vs. QUAL
Compare and contrast key facts about iShares Core High Dividend ETF (HDV) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
HDV and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both HDV and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDV or QUAL.
Key characteristics
| HDV | QUAL | |
|---|---|---|
| YTD Return | 20.19% | 24.89% |
| 1Y Return | 26.89% | 38.76% |
| 3Y Return (Ann) | 11.23% | 10.95% |
| 5Y Return (Ann) | 9.15% | 16.08% |
| 10Y Return (Ann) | 8.84% | 13.91% |
| Sharpe Ratio | 2.53 | 2.90 |
| Sortino Ratio | 3.68 | 3.95 |
| Omega Ratio | 1.46 | 1.52 |
| Calmar Ratio | 2.66 | 3.55 |
| Martin Ratio | 19.30 | 18.85 |
| Ulcer Index | 1.35% | 1.98% |
| Daily Std Dev | 10.29% | 12.89% |
| Max Drawdown | -37.04% | -34.06% |
| Current Drawdown | 0.00% | -0.42% |
Correlation
The correlation between HDV and QUAL is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HDV vs. QUAL - Performance Comparison
In the year-to-date period, HDV achieves a 20.19% return, which is significantly lower than QUAL's 24.89% return. Over the past 10 years, HDV has underperformed QUAL with an annualized return of 8.84%, while QUAL has yielded a comparatively higher 13.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HDV vs. QUAL - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than QUAL's 0.15% 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%.
Risk-Adjusted Performance
HDV vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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.
Dividends
HDV vs. QUAL - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.33%, more than QUAL's 0.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.33% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 0.99% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
HDV vs. QUAL - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for HDV and QUAL. For additional features, visit the drawdowns tool.
Volatility
HDV vs. QUAL - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 2.20%, while iShares Edge MSCI USA Quality Factor ETF (QUAL) has a volatility of 2.66%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.