HIDV vs. ILCV
HIDV (AB US High Dividend ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds. HIDV is actively managed, while ILCV is passively managed. Over the past 3 years, HIDV returned 22.30%/yr vs 19.11%/yr for ILCV. Their correlation of 0.89 suggests significant overlap in exposure. HIDV charges 0.45%/yr vs 0.04%/yr for ILCV.
Performance
HIDV vs. ILCV - Performance Comparison
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Returns By Period
In the year-to-date period, HIDV achieves a 11.35% return, which is significantly higher than ILCV's 8.79% return.
HIDV
- 1D
- 0.36%
- 1M
- 4.19%
- YTD
- 11.35%
- 6M
- 12.26%
- 1Y
- 29.26%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
ILCV
- 1D
- 0.97%
- 1M
- 2.91%
- YTD
- 8.79%
- 6M
- 8.78%
- 1Y
- 28.28%
- 3Y*
- 19.11%
- 5Y*
- 11.63%
- 10Y*
- 11.69%
HIDV vs. ILCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIDV AB US High Dividend ETF | 11.35% | 14.64% | 26.01% | 22.21% |
ILCV iShares Morningstar Value ETF | 8.79% | 18.79% | 17.03% | 17.31% |
Correlation
The correlation between HIDV and ILCV is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023 | 0.89 |
The correlation between HIDV and ILCV has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
HIDV vs. ILCV — Risk / Return Rank
HIDV
ILCV
HIDV vs. ILCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) and iShares Morningstar Value ETF (ILCV). 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 | ILCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.53 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 4.34 | -1.26 |
| Martin ratioReturn relative to average drawdown | 13.38 | 17.95 | -4.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIDV | ILCV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.89 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.63 | 0.46 | +1.17 |
Drawdowns
HIDV vs. ILCV - Drawdown Comparison
The maximum HIDV drawdown since its inception was -18.76%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for HIDV and ILCV.
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Drawdown Indicators
| HIDV | ILCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -58.63% | +39.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -6.55% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -14.95% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.53% | — |
Current DrawdownCurrent decline from peak | -0.60% | 0.00% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -9.32% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.58% | +0.61% |
Volatility
HIDV vs. ILCV - Volatility Comparison
AB US High Dividend ETF (HIDV) has a higher volatility of 2.88% compared to iShares Morningstar Value ETF (ILCV) at 2.06%. This indicates that HIDV's price experiences larger fluctuations and is considered to be riskier than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIDV | ILCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.06% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 7.03% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 9.85% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 14.22% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 16.66% | -2.15% |
HIDV vs. ILCV - Expense Ratio Comparison
HIDV has a 0.45% expense ratio, which is higher than ILCV's 0.04% expense ratio.
Dividends
HIDV vs. ILCV - Dividend Comparison
HIDV's dividend yield for the trailing twelve months is around 2.26%, more than ILCV's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIDV AB US High Dividend ETF | 2.26% | 2.22% | 2.29% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILCV iShares Morningstar Value ETF | 1.61% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
HIDV and ILCV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIDV has higher volatility (2.88%) compared to ILCV (2.06%). In terms of maximum drawdown, HIDV dropped -18.76% vs ILCV's -58.63%.
On 3-year performance, HIDV leads with 22.30% vs 19.11% for ILCV. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HIDV has performed better with a 22.30% return vs 19.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCV is cheaper with a 0.04% expense ratio, compared with 0.45% for HIDV.
HIDV has the higher dividend yield at 2.26%, compared with 1.61% for ILCV.
They also come from different issuers: AllianceBernstein and iShares. Their fees differ too: 0.45% for HIDV and 0.04% for ILCV.
ILCV currently has the higher Sharpe Ratio (2.89 vs 2.47), 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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