HIDV vs. SMDV
HIDV (AB US High Dividend ETF) and SMDV (ProShares Russell 2000 Dividend Growers ETF) are both exchange-traded funds - HIDV is a Large Cap Value Equities fund actively managed by AllianceBernstein, while SMDV is a Small Cap Blend Equities fund tracking the Russell 2000 Dividend Growth Index. HIDV is actively managed, while SMDV is passively managed. Over the past 3 years, HIDV returned 20.71%/yr vs 12.84%/yr for SMDV. A 0.68 correlation means they provide meaningful diversification when combined. HIDV charges 0.45%/yr vs 0.40%/yr for SMDV.
Performance
HIDV vs. SMDV - Performance Comparison
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Returns By Period
In the year-to-date period, HIDV achieves a 9.11% return, which is significantly lower than SMDV's 17.53% return.
HIDV
- 1D
- 0.34%
- 1M
- -1.50%
- YTD
- 9.11%
- 6M
- 7.94%
- 1Y
- 23.91%
- 3Y*
- 20.71%
- 5Y*
- —
- 10Y*
- —
SMDV
- 1D
- 1.09%
- 1M
- 5.76%
- YTD
- 17.53%
- 6M
- 15.17%
- 1Y
- 22.51%
- 3Y*
- 12.84%
- 5Y*
- 6.21%
- 10Y*
- 7.94%
HIDV vs. SMDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIDV AB US High Dividend ETF | 9.11% | 14.64% | 26.01% | 20.30% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 17.53% | 0.26% | 7.03% | 9.74% |
Correlation
The correlation between HIDV and SMDV 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 (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023 | 0.68 |
The correlation between HIDV and SMDV shifts across timeframes, from 0.56 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HIDV vs. SMDV — Risk / Return Rank
HIDV
SMDV
HIDV vs. SMDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) and ProShares Russell 2000 Dividend Growers ETF (SMDV). 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.
| HIDV | SMDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.31 | +0.20 |
| Martin ratioReturn relative to average drawdown | 10.69 | 7.02 | +3.66 |
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Drawdowns
HIDV vs. SMDV - Drawdown Comparison
The maximum HIDV drawdown since its inception was -18.76%, smaller than the maximum SMDV drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for HIDV and SMDV.
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Drawdown Indicators
| HIDV | SMDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -34.12% | +15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -9.79% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -21.23% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.12% | — |
Current DrawdownCurrent decline from peak | -2.60% | 0.00% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -5.91% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 3.21% | -0.97% |
Volatility
HIDV vs. SMDV - Volatility Comparison
AB US High Dividend ETF (HIDV) and ProShares Russell 2000 Dividend Growers ETF (SMDV) have volatilities of 4.04% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIDV | SMDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.18% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 10.61% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.23% | 15.69% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 18.62% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 20.74% | -6.18% |
HIDV vs. SMDV - Expense Ratio Comparison
HIDV has a 0.45% expense ratio, which is higher than SMDV's 0.40% expense ratio.
Dividends
HIDV vs. SMDV - Dividend Comparison
HIDV's dividend yield for the trailing twelve months is around 2.37%, more than SMDV's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIDV AB US High Dividend ETF | 2.37% | 2.22% | 2.29% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.30% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
Frequently Asked Questions
HIDV and SMDV 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.
SMDV has higher volatility (4.18%) compared to HIDV (4.04%). In terms of maximum drawdown, HIDV dropped -18.76% vs SMDV's -34.12%.
On 3-year performance, HIDV leads with 20.71% vs 12.84% for SMDV. On fees, SMDV is cheaper at 0.40% per year. On volatility, HIDV has been the lower-risk option at 4.04%. 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 20.71% return vs 12.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMDV is cheaper with a 0.40% expense ratio, compared with 0.45% for HIDV.
HIDV has the higher dividend yield at 2.37%, compared with 2.30% for SMDV.
HIDV is categorized as Large Cap Value Equities, while SMDV is Small Cap Blend Equities. They also come from different issuers: AllianceBernstein and ProShares. Their fees differ too: 0.45% for HIDV and 0.40% for SMDV.
HIDV currently has the higher Sharpe Ratio (1.97 vs 1.45), 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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