HIDV vs. UDIV
HIDV (AB US High Dividend ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both exchange-traded funds - HIDV is a Large Cap Value Equities fund actively managed by AllianceBernstein, while UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index. HIDV is actively managed, while UDIV is passively managed. Over the past 3 years, HIDV returned 21.10%/yr vs 23.72%/yr for UDIV. With a 0.96 correlation, they move nearly in lockstep. HIDV charges 0.45%/yr vs 0.06%/yr for UDIV.
Performance
HIDV vs. UDIV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIDV achieves a 10.08% return, which is significantly lower than UDIV's 13.99% return.
HIDV
- 1D
- -0.62%
- 1M
- -0.13%
- YTD
- 10.08%
- 6M
- 9.64%
- 1Y
- 26.88%
- 3Y*
- 21.10%
- 5Y*
- —
- 10Y*
- —
UDIV
- 1D
- -0.31%
- 1M
- 0.61%
- YTD
- 13.99%
- 6M
- 13.60%
- 1Y
- 31.69%
- 3Y*
- 23.72%
- 5Y*
- 14.35%
- 10Y*
- 11.75%
HIDV vs. UDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIDV AB US High Dividend ETF | 10.08% | 14.64% | 26.01% | 20.30% |
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 13.99% | 19.00% | 25.61% | 19.93% |
Correlation
The correlation between HIDV and UDIV is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023 | 0.96 |
The correlation between HIDV and UDIV has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIDV vs. UDIV — Risk / Return Rank
HIDV
UDIV
HIDV vs. UDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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 | UDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.77 | -0.95 |
| Martin ratioReturn relative to average drawdown | 12.12 | 16.60 | -4.47 |
Loading charts...
Drawdowns
HIDV vs. UDIV - Drawdown Comparison
The maximum HIDV drawdown since its inception was -18.76%, smaller than the maximum UDIV drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for HIDV and UDIV.
Loading charts...
Drawdown Indicators
| HIDV | UDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -35.21% | +16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -8.44% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -19.19% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -1.74% | -1.56% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -4.63% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.91% | +0.31% |
Volatility
HIDV vs. UDIV - Volatility Comparison
The current volatility for AB US High Dividend ETF (HIDV) is 3.99%, while Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a volatility of 4.77%. This indicates that HIDV experiences smaller price fluctuations and is considered to be less risky than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIDV | UDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.77% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 9.82% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 12.54% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 15.61% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 16.30% | -1.73% |
HIDV vs. UDIV - Expense Ratio Comparison
HIDV has a 0.45% expense ratio, which is higher than UDIV's 0.06% expense ratio.
Dividends
HIDV vs. UDIV - Dividend Comparison
HIDV's dividend yield for the trailing twelve months is around 2.35%, more than UDIV's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HIDV AB US High Dividend ETF | 2.35% | 2.22% | 2.29% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 1.10% | 1.53% | 2.05% | 1.91% | 3.20% | 2.97% | 2.90% | 3.40% | 3.74% | 3.47% | 1.63% |
Frequently Asked Questions
With a correlation of 0.95, HIDV and UDIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UDIV has higher volatility (4.77%) compared to HIDV (3.99%). In terms of maximum drawdown, HIDV dropped -18.76% vs UDIV's -35.21%.
On 3-year performance, UDIV leads with 23.72% vs 21.10% for HIDV. On fees, UDIV is cheaper at 0.06% per year. On volatility, HIDV has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UDIV has performed better with a 23.72% return vs 21.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UDIV is cheaper with a 0.06% expense ratio, compared with 0.45% for HIDV.
HIDV has the higher dividend yield at 2.35%, compared with 1.10% for UDIV.
HIDV is categorized as Large Cap Value Equities, while UDIV is Dividend. They also come from different issuers: AllianceBernstein and Franklin Templeton. Their fees differ too: 0.45% for HIDV and 0.06% for UDIV.
UDIV currently has the higher Sharpe Ratio (2.54 vs 2.21), 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.
Find the right allocation for HIDV and UDIV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer