HDV vs. VLUE

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Core High Dividend ETF (HDV) and iShares Edge MSCI USA Value Factor ETF (VLUE).

HDV and VLUE 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. VLUE is a passively managed fund by iShares that tracks the performance of the MSCI USA Value Weighted Index. It was launched on Apr 16, 2013. Both HDV and VLUE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HDV vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

HDV vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDV iShares Core High Dividend ETF	12.30%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	20.22%	-3.01%	13.40%
VLUE iShares Edge MSCI USA Value Factor ETF	4.44%	32.67%	7.25%	14.26%	-14.17%	28.93%	-0.23%	27.20%	-11.13%	21.95%

Returns By Period

In the year-to-date period, HDV achieves a 12.30% return, which is significantly higher than VLUE's 4.44% return. Over the past 10 years, HDV has underperformed VLUE with an annualized return of 9.52%, while VLUE has yielded a comparatively higher 11.61% annualized return.

HDV

• 1D: 0.24%
• 1M: -2.54%
• YTD: 12.30%
• 6M: 12.67%
• 1Y: 15.69%
• 3Y*: 13.97%
• 5Y*: 11.18%
• 10Y*: 9.52%

VLUE

• 1D: 2.68%
• 1M: -5.29%
• YTD: 4.44%
• 6M: 14.88%
• 1Y: 36.35%
• 3Y*: 18.33%
• 5Y*: 9.45%
• 10Y*: 11.61%

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

HDV vs. VLUE - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than VLUE'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%.

VLUE

iShares Edge MSCI USA Value Factor ETF

HDV

iShares Core High Dividend ETF

Return for Risk

HDV vs. VLUE — Risk / Return Rank

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

HDV

HDV Risk / Return Rank: 70
HDV Sharpe Ratio Rank: 73
HDV Sortino Ratio Rank: 71
HDV Omega Ratio Rank: 71
HDV Calmar Ratio Rank: 69
HDV Martin Ratio Rank: 65

VLUE

VLUE Risk / Return Rank: 90
VLUE Sharpe Ratio Rank: 89
VLUE Sortino Ratio Rank: 90
VLUE Omega Ratio Rank: 89
VLUE Calmar Ratio Rank: 90
VLUE Martin Ratio Rank: 92

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. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

	HDV	VLUE	Difference
Sharpe ratio Return per unit of total volatility	1.24	1.87	-0.63
Sortino ratio Return per unit of downside risk	1.70	2.52	-0.82
Omega ratio Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio Return relative to maximum drawdown	1.65	2.92	-1.27
Martin ratio Return relative to average drawdown	6.01	12.74	-6.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDV vs. VLUE - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 1.24, which is lower than the VLUE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of HDV and VLUE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HDV	VLUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.87	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.55	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.59	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.61	+0.12

Correlation

The correlation between HDV and VLUE is 0.75, 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.

Dividends

HDV vs. VLUE - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.92%, more than VLUE's 2.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.92%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
VLUE iShares Edge MSCI USA Value Factor ETF	2.00%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Drawdowns

HDV vs. VLUE - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for HDV and VLUE.

Drawdown Indicators

	HDV	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-39.47%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-12.81%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-27.12%	+11.70%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-39.47%	+2.43%
Current Drawdown Current decline from peak	-2.58%	-6.60%	+4.02%
Average Drawdown Average peak-to-trough decline	-3.09%	-6.08%	+2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.94%	-0.06%

Volatility

HDV vs. VLUE - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 2.94%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 6.26%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDV	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	6.26%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	7.06%	12.28%	-5.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.79%	19.55%	-6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	17.35%	-4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	19.61%	-3.91%