HIDV vs. VMAX

Last updated Jun 24, 2026

HIDV (AB US High Dividend ETF) and VMAX (Hartford US Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, HIDV returned 24.57% vs 29.63% for VMAX. Their correlation of 0.83 suggests significant overlap in exposure. HIDV charges 0.45%/yr vs 0.29%/yr for VMAX.

Performance

HIDV vs. VMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US High Dividend ETF (HIDV) and Hartford US Value ETF (VMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIDV achieves a 8.94% return, which is significantly lower than VMAX's 15.44% return.

HIDV

• 1D: -1.03%
• 1M: -1.16%
• YTD: 8.94%
• 6M: 8.20%
• 1Y: 24.57%
• 3Y*: 20.68%
• 5Y*: —
• 10Y*: —

VMAX

• 1D: -0.08%
• 1M: 3.05%
• YTD: 15.44%
• 6M: 14.38%
• 1Y: 29.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIDV vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HIDV AB US High Dividend ETF	8.94%	14.64%	26.01%	4.85%
VMAX Hartford US Value ETF	15.44%	15.65%	15.89%	5.71%

Correlation

The correlation between HIDV and VMAX is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.83

The correlation between HIDV and VMAX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

HIDV vs. VMAX — Risk / Return Rank

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

HIDV

HIDV Risk / Return Rank: 64
HIDV Sharpe Ratio Rank: 67
HIDV Sortino Ratio Rank: 66
HIDV Omega Ratio Rank: 65
HIDV Calmar Ratio Rank: 56
HIDV Martin Ratio Rank: 65

VMAX

VMAX Risk / Return Rank: 85
VMAX Sharpe Ratio Rank: 81
VMAX Sortino Ratio Rank: 80
VMAX Omega Ratio Rank: 77
VMAX Calmar Ratio Rank: 93
VMAX Martin Ratio Rank: 92

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. VMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) and Hartford US Value ETF (VMAX). 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	VMAX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.42	-0.40
Sortino ratio: Return per unit of downside risk	2.82	3.30	-0.47
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.06
Calmar ratio: Return relative to maximum drawdown	2.58	6.04	-3.46
Martin ratio: Return relative to average drawdown	11.05	21.18	-10.13

HIDV vs. VMAX - Sharpe Ratio Comparison

The current HIDV Sharpe Ratio is 2.02, which is comparable to the VMAX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of HIDV and VMAX, 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

HIDV vs. VMAX - Drawdown Comparison

The maximum HIDV drawdown since its inception was -18.76%, roughly equal to the maximum VMAX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for HIDV and VMAX.

Drawdown Indicators

	HIDV	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.76%	-19.05%	+0.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-4.93%	-4.64%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	—	—
Current Drawdown Current decline from peak	-2.75%	-0.39%	-2.36%
Average Drawdown Average peak-to-trough decline	-2.05%	-2.52%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.40%	+0.83%

Volatility

HIDV vs. VMAX - Volatility Comparison

AB US High Dividend ETF (HIDV) has a higher volatility of 4.12% compared to Hartford US Value ETF (VMAX) at 3.17%. This indicates that HIDV's price experiences larger fluctuations and is considered to be riskier than VMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIDV	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	3.17%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	8.83%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	12.31%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	15.41%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	15.41%	-0.84%

HIDV vs. VMAX - Expense Ratio Comparison

HIDV has a 0.45% expense ratio, which is higher than VMAX's 0.29% expense ratio.

Dividends

HIDV vs. VMAX - Dividend Comparison

HIDV's dividend yield for the trailing twelve months is around 2.38%, more than VMAX's 1.85% yield.

Position	TTM	2025	2024	2023
HIDV AB US High Dividend ETF	2.38%	2.22%	2.29%	2.23%
VMAX Hartford US Value ETF	1.85%	2.14%	1.95%	0.00%

Frequently Asked Questions

Can I hold both HIDV and VMAX in my portfolio?

HIDV and VMAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIDV or VMAX?

HIDV has higher volatility (4.12%) compared to VMAX (3.17%). In terms of maximum drawdown, HIDV dropped -18.76% vs VMAX's -19.05%.

Which ETF is better, HIDV or VMAX?

On 1-year performance, VMAX leads with 29.63% vs 24.57% for HIDV. On fees, VMAX is cheaper at 0.29% per year. On volatility, VMAX has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIDV or VMAX?

Over the 1-year period, VMAX has performed better with a 29.63% return vs 24.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIDV or VMAX?

VMAX is cheaper with a 0.29% expense ratio, compared with 0.45% for HIDV.

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

HIDV has the higher dividend yield at 2.38%, compared with 1.85% for VMAX.

What is the main difference between HIDV and VMAX?

They also come from different issuers: AllianceBernstein and Hartford. Their fees differ too: 0.45% for HIDV and 0.29% for VMAX.

Which has better risk-adjusted returns?

VMAX currently has the higher Sharpe Ratio (2.42 vs 2.02), 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.