HDV vs. VZ
HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index, while VZ (Verizon Communications Inc.) is a stock. Over the past 10 years, HDV returned 9.47%/yr vs 4.44%/yr for VZ. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
HDV vs. VZ - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 15.30% return, which is significantly lower than VZ's 21.97% return. Over the past 10 years, HDV has outperformed VZ with an annualized return of 9.47%, while VZ has yielded a comparatively lower 4.44% 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%
VZ
- 1D
- 2.49%
- 1M
- 2.23%
- YTD
- 21.97%
- 6M
- 21.50%
- 1Y
- 19.39%
- 3Y*
- 18.39%
- 5Y*
- 2.74%
- 10Y*
- 4.44%
HDV vs. VZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VZ Verizon Communications Inc. | 21.97% | 8.86% | 13.14% | 2.71% | -20.02% | -7.55% | -0.13% | 13.83% | 11.26% | 3.97% |
Correlation
The correlation between HDV and VZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.58 |
The correlation between HDV and VZ shifts across timeframes, from 0.38 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDV vs. VZ — Risk / Return Rank
HDV
VZ
HDV vs. VZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Verizon Communications Inc. (VZ). 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 | VZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 1.43 | +2.75 |
| Martin ratioReturn relative to average drawdown | 11.59 | 3.06 | +8.53 |
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Drawdowns
HDV vs. VZ - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum VZ drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for HDV and VZ.
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Drawdown Indicators
| HDV | VZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -50.66% | +13.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -13.32% | +8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -14.93% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -38.38% | +22.96% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -41.21% | +4.17% |
Current DrawdownCurrent decline from peak | -0.29% | -4.96% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -14.82% | +11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 6.23% | -4.36% |
Volatility
HDV vs. VZ - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.10%, while Verizon Communications Inc. (VZ) has a volatility of 6.87%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | VZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 6.87% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 17.91% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 22.78% | -13.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 21.66% | -8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 20.36% | -4.63% |
Dividends
HDV vs. VZ - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.84%, less than VZ's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VZ Verizon Communications Inc. | 5.75% | 6.68% | 6.68% | 6.96% | 6.53% | 4.85% | 4.21% | 3.95% | 4.22% | 4.39% | 4.26% | 4.79% |
Frequently Asked Questions
HDV and VZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VZ has higher volatility (6.87%) compared to HDV (3.10%). In terms of maximum drawdown, HDV dropped -37.04% vs VZ's -50.66%.
HDV currently has the higher Sharpe Ratio (2.23 vs 0.84), 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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