HDV vs. XUDV

Last updated Jun 24, 2026

HDV (iShares Core High Dividend ETF) and XUDV (Franklin U.S. Dividend Booster Index ETF) are both Dividend funds - HDV tracks the Morningstar Dividend Yield Focus Index while XUDV tracks the VettaFi New Frontier U.S. Dividend Select Index. Both are passively managed. Over the past year, HDV returned 21.06% vs 30.71% for XUDV. A 0.60 correlation means they provide meaningful diversification when combined. HDV charges 0.08%/yr vs 0.09%/yr for XUDV.

Performance

HDV vs. XUDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and Franklin U.S. Dividend Booster Index ETF (XUDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDV achieves a 14.07% return, which is significantly lower than XUDV's 20.52% return.

HDV

• 1D: 1.33%
• 1M: -1.35%
• YTD: 14.07%
• 6M: 14.08%
• 1Y: 21.06%
• 3Y*: 15.48%
• 5Y*: 11.09%
• 10Y*: 9.45%

XUDV

• 1D: -0.32%
• 1M: 1.06%
• YTD: 20.52%
• 6M: 19.58%
• 1Y: 30.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HDV vs. XUDV - Yearly Performance Comparison

	2026 (YTD)	2025
HDV iShares Core High Dividend ETF	14.07%	10.16%
XUDV Franklin U.S. Dividend Booster Index ETF	20.52%	8.52%

Correlation

The correlation between HDV and XUDV is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.60

The correlation between HDV and XUDV has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

HDV vs. XUDV - Sectors Allocation Comparison

Sectors	HDV	XUDV
Consumer Defensive	24.5%	15.0%
Healthcare	22.6%	7.9%
Energy	20.2%	6.3%
Consumer Cyclical	9.2%	7.7%
Utilities	8.1%	3.7%
Communication Services	5.7%	7.0%
Financial Services	4.7%	23.5%
Industrials	3.5%	12.0%
Basic Materials	0.8%	1.3%
Technology	0.2%	13.5%
Real Estate	-	-

Return for Risk

HDV vs. XUDV — 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: 68
HDV Sortino Ratio Rank: 73
HDV Omega Ratio Rank: 62
HDV Calmar Ratio Rank: 81
HDV Martin Ratio Rank: 64

XUDV

XUDV Risk / Return Rank: 84
XUDV Sharpe Ratio Rank: 84
XUDV Sortino Ratio Rank: 85
XUDV Omega Ratio Rank: 78
XUDV Calmar Ratio Rank: 89
XUDV Martin Ratio Rank: 85

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. XUDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Franklin U.S. Dividend Booster Index ETF (XUDV). 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	XUDV	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.48	-0.34
Sortino ratio: Return per unit of downside risk	3.13	3.46	-0.33
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	4.09	4.87	-0.78
Martin ratio: Return relative to average drawdown	11.19	16.36	-5.17

HDV vs. XUDV - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.13, which is comparable to the XUDV Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of HDV and XUDV, 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. XUDV - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, which is greater than XUDV's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for HDV and XUDV.

Drawdown Indicators

	HDV	XUDV	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-15.98%	-21.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-6.34%	+1.16%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	—	—
Current Drawdown Current decline from peak	-1.35%	-1.80%	+0.45%
Average Drawdown Average peak-to-trough decline	-3.08%	-2.06%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.88%	+0.01%

Volatility

HDV vs. XUDV - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.64%, while Franklin U.S. Dividend Booster Index ETF (XUDV) has a volatility of 4.47%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than XUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDV	XUDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	4.47%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	8.82%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	12.47%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	16.31%	-3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	16.31%	-0.58%

HDV vs. XUDV - Expense Ratio Comparison

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

Dividends

HDV vs. XUDV - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.90%, more than XUDV's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.90%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
XUDV Franklin U.S. Dividend Booster Index ETF	2.58%	3.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDV and XUDV in my portfolio?

HDV and XUDV have a correlation of 0.56, 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 XUDV?

XUDV has higher volatility (4.47%) compared to HDV (3.64%). In terms of maximum drawdown, HDV dropped -37.04% vs XUDV's -15.98%.

Which ETF is better, HDV or XUDV?

On 1-year performance, XUDV leads with 30.71% vs 21.06% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDV or XUDV?

Over the 1-year period, XUDV has performed better with a 30.71% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDV or XUDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.09% for XUDV.

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

HDV has the higher dividend yield at 2.90%, compared with 2.58% for XUDV.

What is the main difference between HDV and XUDV?

HDV tracks Morningstar Dividend Yield Focus Index, while XUDV tracks VettaFi New Frontier U.S. Dividend Select Index. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.08% for HDV and 0.09% for XUDV.

Which has better risk-adjusted returns?

XUDV currently has the higher Sharpe Ratio (2.48 vs 2.13), 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.