HDV vs. SPY
Compare and contrast key facts about iShares Core High Dividend ETF (HDV) and SPDR S&P 500 ETF (SPY).
HDV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HDV and SPY 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 SPY.
Performance
HDV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, HDV achieves a 18.89% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, HDV has underperformed SPY with an annualized return of 8.16%, while SPY has yielded a comparatively higher 13.07% annualized return.
HDV
18.89%
-1.08%
8.19%
24.95%
8.43%
8.16%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| HDV | SPY | |
|---|---|---|
| Sharpe Ratio | 2.60 | 2.69 |
| Sortino Ratio | 3.83 | 3.59 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 4.40 | 3.89 |
| Martin Ratio | 19.31 | 17.53 |
| Ulcer Index | 1.31% | 1.87% |
| Daily Std Dev | 9.70% | 12.15% |
| Max Drawdown | -37.04% | -55.19% |
| Current Drawdown | -1.37% | -1.41% |
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HDV vs. SPY - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than SPY's 0.09% 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%.
Correlation
The correlation between HDV and SPY is 0.78, 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.
Risk-Adjusted Performance
HDV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.36%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.36% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HDV vs. SPY - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HDV and SPY. For additional features, visit the drawdowns tool.
Volatility
HDV vs. SPY - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 2.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.