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HDV vs. RDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDV vs. RDIV

Last updated Jun 14, 2026

HDV (iShares Core High Dividend ETF) and RDIV (Invesco S&P Ultra Dividend Revenue ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index. Both are passively managed. Over the past 10 years, HDV returned 9.47%/yr vs 11.39%/yr for RDIV. A 0.79 correlation means they provide meaningful diversification when combined. HDV charges 0.08%/yr vs 0.39%/yr for RDIV.

Performance

HDV vs. RDIV - Performance Comparison

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

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Returns By Period

In the year-to-date period, HDV achieves a 15.30% return, which is significantly lower than RDIV's 16.75% return. Over the past 10 years, HDV has underperformed RDIV with an annualized return of 9.47%, while RDIV has yielded a comparatively higher 11.39% 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%

RDIV

1D
1.52%
1M
6.52%
YTD
16.75%
6M
14.41%
1Y
32.09%
3Y*
19.66%
5Y*
11.12%
10Y*
11.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDV vs. RDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		16.75%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%

Correlation

The correlation between HDV and RDIV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.62

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

0.72

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

0.79

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

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.79

The correlation between HDV and RDIV shifts across timeframes, from 0.62 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

HDV vs. RDIV - Sectors Allocation Comparison

Sectors
HDV
RDIV

Consumer Defensive

24.2%
14.6%

Energy

21.0%
17.3%

Healthcare

17.0%
6.8%

Financial Services

10.8%
17.8%

Technology

9.7%
6.2%

Utilities

8.9%
6.2%

Consumer Cyclical

6.0%
15.0%

Industrials

1.3%

-

Basic Materials

1.1%
0.5%

Communication Services

0.1%
8.8%

Real Estate

-

7.3%

Consumer Defensive

HDV
24.2%
RDIV
14.6%

Energy

HDV
21.0%
RDIV
17.3%

Healthcare

HDV
17.0%
RDIV
6.8%

Financial Services

HDV
10.8%
RDIV
17.8%

Technology

HDV
9.7%
RDIV
6.2%

Utilities

HDV
8.9%
RDIV
6.2%

Consumer Cyclical

HDV
6.0%
RDIV
15.0%

Industrials

HDV
1.3%
RDIV

-

Basic Materials

HDV
1.1%
RDIV
0.5%

Communication Services

HDV
0.1%
RDIV
8.8%

Real Estate

HDV

-

RDIV
7.3%

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 S&P Ultra Dividend Revenue ETF

Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY
Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. BKERDIV vs. VYMRDIV vs. EQQQ.DERDIV vs. SPY

Return for Risk

HDV vs. RDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDV
HDV Risk / Return Rank: 8080
Overall Rank
HDV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 8585
Sortino Ratio Rank
HDV Omega Ratio Rank: 7676
Omega Ratio Rank
HDV Calmar Ratio Rank: 8686
Calmar Ratio Rank
HDV Martin Ratio Rank: 7272
Martin Ratio Rank
RDIV
RDIV Risk / Return Rank: 8787
Overall Rank
RDIV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 8787
Sortino Ratio Rank
RDIV Omega Ratio Rank: 7979
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9494
Calmar Ratio Rank
RDIV Martin Ratio Rank: 9191
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. RDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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.

HDVRDIVDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.31

-0.09

Sortino ratioReturn per unit of downside risk
3.29
3.42

-0.13

Omega ratioGain probability vs. loss probability

1.38

1.40

-0.02

Calmar ratioReturn relative to maximum drawdown

4.18

6.30

-2.12

Martin ratioReturn relative to average drawdown

11.59

18.74

-7.15

HDV vs. RDIV - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.23, which is comparable to the RDIV Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of HDV and RDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HDV vs. RDIV - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum RDIV drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for HDV and RDIV.

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Drawdown Indicators

HDVRDIVDifference

Max Drawdown

Largest peak-to-trough decline

-37.04%

-49.97%

+12.93%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-4.84%

-0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-10.49%

-17.91%

+7.42%

Max Drawdown (5Y)

Largest decline over 5 years

-15.42%

-24.89%

+9.47%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-49.97%

+12.93%

Current Drawdown

Current decline from peak

-0.29%

0.00%

-0.29%

Average Drawdown

Average peak-to-trough decline

-3.08%

-5.85%

+2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

1.64%

+0.23%

Volatility

HDV vs. RDIV - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.10%, while Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a volatility of 3.52%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDVRDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

3.52%

-0.42%

Volatility (6M)

Calculated over the trailing 6-month period

7.44%

8.64%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

9.73%

13.19%

-3.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.83%

17.55%

-4.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.73%

21.88%

-6.15%

HDV vs. RDIV - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than RDIV's 0.39% expense ratio.

Dividends

HDV vs. RDIV - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.84%, less than RDIV's 3.51% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.51%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

HDV and RDIV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (3.52%) compared to HDV (3.10%). In terms of maximum drawdown, HDV dropped -37.04% vs RDIV's -49.97%.

On 10-year performance, RDIV leads with 11.39% vs 9.47% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RDIV has performed better with a 11.39% return vs 9.47%. 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 0.39% for RDIV.

RDIV has the higher dividend yield at 3.51%, compared with 2.84% for HDV.

HDV is categorized as Dividend, while RDIV is Mid Cap Value Equities. HDV tracks Morningstar Dividend Yield Focus Index, while RDIV tracks S&P 900 Dividend Revenue-Weighted Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.08% for HDV and 0.39% for RDIV.

RDIV currently has the higher Sharpe Ratio (2.31 vs 2.23), 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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