HDV vs. USD
HDV (iShares Core High Dividend ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, HDV returned 9.57%/yr vs 53.94%/yr for USD. Their 0.40 correlation means their historical movements had little consistent relationship. HDV charges 0.08%/yr vs 0.95%/yr for USD.
Performance
HDV vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 19.66% return, which is significantly lower than USD's 55.27% return. Over the past 10 years, HDV has underperformed USD with an annualized return of 9.57%, while USD has yielded a comparatively higher 53.94% annualized return.
HDV
- 1D
- -0.31%
- 1M
- 2.46%
- 6M
- 10.00%
- YTD
- 19.66%
- 1Y
- 25.24%
- 3Y*
- 15.80%
- 5Y*
- 12.13%
- 10Y*
- 9.57%
- ALL TIME*
- 10.80%
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.30M | $156.51M | $108.57M | |
| $71.31M | $70.59M | $96.20M |
HDV vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 19.66% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
USD ProShares Ultra Semiconductors | 55.27% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between HDV and USD is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.40 |
The correlation between HDV and USD shifts across timeframes, from -0.30 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
HDV vs. USD - Sectors Allocation Comparison
Sectors
HDV
USD
Consumer Defensive
-
Healthcare
-
Energy
Consumer Cyclical
-
Utilities
-
Communication Services
-
Financial Services
Industrials
-
Technology
Basic Materials
-
Real Estate
-
-
Consumer Defensive
HDV
USD
-
Healthcare
HDV
USD
-
Energy
HDV
USD
Consumer Cyclical
HDV
USD
-
Utilities
HDV
USD
-
Communication Services
HDV
USD
-
Financial Services
HDV
USD
Industrials
HDV
USD
-
Technology
HDV
USD
Basic Materials
HDV
USD
-
Real Estate
HDV
-
USD
-
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Return for Risk
HDV vs. USD — Risk / Return Rank
HDV
USD
HDV vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 2.52 | +2.37 |
| Martin ratioReturn relative to average drawdown | 13.39 | 7.21 | +6.18 |
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Drawdowns
HDV vs. USD - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for HDV and USD.
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Drawdown Indicators
| HDV | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -88.63% | +51.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -39.33% | +34.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -64.46% | +53.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -77.85% | +62.43% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -77.85% | +40.81% |
Current DrawdownCurrent decline from peak | -1.72% | -28.27% | +26.55% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -32.23% | +29.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 13.74% | -11.85% |
Volatility
HDV vs. USD - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 4.52%, while ProShares Ultra Semiconductors (USD) has a volatility of 27.45%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 27.45% | -22.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 61.08% | -52.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 73.76% | -62.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 78.77% | -65.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 70.41% | -54.62% |
HDV vs. USD - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
HDV vs. USD - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.08%, more than USD's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.08% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
HDV and USD have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.45%) compared to HDV (4.52%). In terms of maximum drawdown, HDV dropped -37.04% vs USD's -88.63%.
On 10-year performance, USD leads with 53.94% vs 9.57% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 53.94% return vs 9.57%. 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 0.95% for USD.
HDV has the higher dividend yield at 3.08%, compared with 0.37% for USD.
HDV is categorized as Dividend, while USD is Leveraged Equities. HDV tracks Morningstar Dividend Yield Focus Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.08% for HDV and 0.95% for USD.
HDV currently has the higher Sharpe Ratio (2.34 vs 1.35), 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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