HDV vs. TDIV

Last updated Jun 23, 2026

HDV (iShares Core High Dividend ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 10 years, HDV returned 9.31%/yr vs 18.84%/yr for TDIV. A 0.60 correlation means they provide meaningful diversification when combined. HDV charges 0.08%/yr vs 0.50%/yr for TDIV.

Performance

HDV vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDV achieves a 12.57% return, which is significantly lower than TDIV's 21.87% return. Over the past 10 years, HDV has underperformed TDIV with an annualized return of 9.31%, while TDIV has yielded a comparatively higher 18.84% annualized return.

HDV

• 1D: 0.15%
• 1M: -2.65%
• YTD: 12.57%
• 6M: 12.67%
• 1Y: 19.54%
• 3Y*: 14.97%
• 5Y*: 10.90%
• 10Y*: 9.31%

TDIV

• 1D: -0.21%
• 1M: 1.47%
• YTD: 21.87%
• 6M: 20.93%
• 1Y: 39.06%
• 3Y*: 29.61%
• 5Y*: 17.96%
• 10Y*: 18.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HDV vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDV iShares Core High Dividend ETF	12.57%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	20.22%	-3.01%	13.40%
TDIV First Trust NASDAQ Technology Dividend Index Fund	21.87%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Correlation

The correlation between HDV and TDIV is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012	0.60

Over the past year, the correlation between HDV and TDIV has dropped to 0.01 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

HDV vs. TDIV - Sectors Allocation Comparison

Sectors	HDV	TDIV
Consumer Defensive	24.5%	-
Healthcare	22.6%	-
Energy	20.2%	-
Consumer Cyclical	9.2%	-
Utilities	8.1%	-
Communication Services	5.7%	11.6%
Financial Services	4.7%	-
Industrials	3.5%	1.3%
Basic Materials	0.8%	-
Technology	0.2%	87.1%
Real Estate	-	-

Return for Risk

HDV vs. TDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 62
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 77
HDV Martin Ratio Rank: 60

TDIV

TDIV Risk / Return Rank: 61
TDIV Sharpe Ratio Rank: 62
TDIV Sortino Ratio Rank: 56
TDIV Omega Ratio Rank: 57
TDIV Calmar Ratio Rank: 71
TDIV Martin Ratio Rank: 58

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. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.98	+0.02
Sortino ratio: Return per unit of downside risk	2.92	2.60	+0.32
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	3.79	3.46	+0.33
Martin ratio: Return relative to average drawdown	10.39	9.97	+0.42

HDV vs. TDIV - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 1.99, which is comparable to the TDIV Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of HDV and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HDV vs. TDIV - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for HDV and TDIV.

Drawdown Indicators

	HDV	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-31.97%	-5.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-11.35%	+6.17%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	-23.00%	+12.51%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-31.97%	+16.55%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-31.97%	-5.07%
Current Drawdown Current decline from peak	-2.65%	-8.34%	+5.69%
Average Drawdown Average peak-to-trough decline	-3.08%	-4.85%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	3.93%	-2.04%

Volatility

HDV vs. TDIV - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.37%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 10.22%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDV	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	10.22%	-6.85%
Volatility (6M) Calculated over the trailing 6-month period	7.52%	15.50%	-7.98%
Volatility (1Y) Calculated over the trailing 1-year period	9.87%	19.91%	-10.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	20.94%	-8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	21.00%	-5.26%

HDV vs. TDIV - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than TDIV's 0.50% expense ratio.

Dividends

HDV vs. TDIV - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.94%, more than TDIV's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.94%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.19%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both HDV and TDIV in my portfolio?

HDV and TDIV have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDV or TDIV?

TDIV has higher volatility (10.22%) compared to HDV (3.37%). In terms of maximum drawdown, HDV dropped -37.04% vs TDIV's -31.97%.

Which ETF is better, HDV or TDIV?

On 10-year performance, TDIV leads with 18.84% vs 9.31% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDV or TDIV?

Over the 10-year period, TDIV has performed better with a 18.84% return vs 9.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDV or TDIV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.50% for TDIV.

Which ETF pays a higher dividend yield, HDV or TDIV?

HDV has the higher dividend yield at 2.94%, compared with 1.19% for TDIV.

What is the main difference between HDV and TDIV?

HDV is categorized as Dividend, while TDIV is Technology Equities. HDV tracks Morningstar Dividend Yield Focus Index, while TDIV tracks NASDAQ Technology Dividend Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.08% for HDV and 0.50% for TDIV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (1.99 vs 1.98), 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.