HIDV vs. DHLX

Last updated Jun 5, 2026

HIDV (AB US High Dividend ETF) and DHLX (Diamond Hill Large Cap Concentrated ETF) are both Large Cap Value Equities funds. HIDV is actively managed, while DHLX is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. HIDV charges 0.45%/yr vs 0.55%/yr for DHLX.

Performance

HIDV vs. DHLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US High Dividend ETF (HIDV) and Diamond Hill Large Cap Concentrated ETF (DHLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIDV achieves a 11.35% return, which is significantly higher than DHLX's -0.78% return.

HIDV

• 1D: 0.36%
• 1M: 4.19%
• YTD: 11.35%
• 6M: 12.26%
• 1Y: 29.26%
• 3Y*: 22.30%
• 5Y*: —
• 10Y*: —

DHLX

• 1D: 0.95%
• 1M: -2.00%
• YTD: -0.78%
• 6M: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIDV vs. DHLX - Yearly Performance Comparison

	2026 (YTD)	2025
HIDV AB US High Dividend ETF	11.35%	3.42%
DHLX Diamond Hill Large Cap Concentrated ETF	-0.78%	1.24%

Correlation

The correlation between HIDV and DHLX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.53

Return for Risk

HIDV vs. DHLX — Risk / Return Rank

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

HIDV

HIDV Risk / Return Rank: 74
HIDV Sharpe Ratio Rank: 78
HIDV Sortino Ratio Rank: 78
HIDV Omega Ratio Rank: 77
HIDV Calmar Ratio Rank: 63
HIDV Martin Ratio Rank: 72

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.

HIDV vs. DHLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) and Diamond Hill Large Cap Concentrated ETF (DHLX). 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.

	HIDV	DHLX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	—	—
Sortino ratio: Return per unit of downside risk	3.43	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.07	—	—
Martin ratio: Return relative to average drawdown	13.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HIDV	DHLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.06	+1.57

Drawdowns

HIDV vs. DHLX - Drawdown Comparison

The maximum HIDV drawdown since its inception was -18.76%, which is greater than DHLX's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for HIDV and DHLX.

Drawdown Indicators

	HIDV	DHLX	Difference
Max Drawdown Largest peak-to-trough decline	-18.76%	-8.40%	-10.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	—	—
Current Drawdown Current decline from peak	-0.60%	-4.66%	+4.06%
Average Drawdown Average peak-to-trough decline	-2.05%	-2.40%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	HIDV	DHLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	11.45%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	11.45%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	11.45%	+3.06%

HIDV vs. DHLX - Expense Ratio Comparison

HIDV has a 0.45% expense ratio, which is lower than DHLX's 0.55% expense ratio.

Dividends

HIDV vs. DHLX - Dividend Comparison

HIDV's dividend yield for the trailing twelve months is around 2.26%, more than DHLX's 0.41% yield.

Position	TTM	2025	2024	2023
DHLX Diamond Hill Large Cap Concentrated ETF	0.41%	0.15%	0.00%	0.00%
HIDV AB US High Dividend ETF	2.26%	2.22%	2.29%	2.23%

Frequently Asked Questions

Can I hold both HIDV and DHLX in my portfolio?

HIDV and DHLX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIDV or DHLX?

On fees, HIDV is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIDV or DHLX?

HIDV is cheaper with a 0.45% expense ratio, compared with 0.55% for DHLX.

Which ETF pays a higher dividend yield, HIDV or DHLX?

HIDV has the higher dividend yield at 2.26%, compared with 0.41% for DHLX.

What is the main difference between HIDV and DHLX?

They also come from different issuers: AllianceBernstein and Diamond Hill. Their fees differ too: 0.45% for HIDV and 0.55% for DHLX.