HLI vs. RDVY

Last updated Jun 13, 2026

HLI (Houlihan Lokey, Inc.) is a stock, while RDVY (First Trust Rising Dividend Achievers ETF) is Large Cap Blend Equities fund tracking the NASDAQ US Rising Dividend Achievers. Over the past 10 years, HLI returned 21.76%/yr vs 16.29%/yr for RDVY. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

HLI vs. RDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Houlihan Lokey, Inc. (HLI) and First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLI achieves a -20.15% return, which is significantly lower than RDVY's 13.41% return. Over the past 10 years, HLI has outperformed RDVY with an annualized return of 21.76%, while RDVY has yielded a comparatively lower 16.29% annualized return.

HLI

• 1D: 1.67%
• 1M: -8.19%
• YTD: -20.15%
• 6M: -22.50%
• 1Y: -18.32%
• 3Y*: 16.18%
• 5Y*: 13.63%
• 10Y*: 21.76%

RDVY

• 1D: 1.11%
• 1M: 5.69%
• YTD: 13.41%
• 6M: 12.60%
• 1Y: 31.20%
• 3Y*: 20.46%
• 5Y*: 12.03%
• 10Y*: 16.29%

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

HLI vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLI Houlihan Lokey, Inc.	-20.15%	1.64%	47.04%	40.67%	-13.88%	57.04%	40.61%	36.33%	-17.20%	49.30%
RDVY First Trust Rising Dividend Achievers ETF	13.41%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between HLI and RDVY 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	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Aug 13, 2015	0.56

The correlation between HLI and RDVY has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

Return for Risk

HLI vs. RDVY — Risk / Return Rank

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

HLI

HLI Risk / Return Rank: 15
HLI Sharpe Ratio Rank: 11
HLI Sortino Ratio Rank: 13
HLI Omega Ratio Rank: 13
HLI Calmar Ratio Rank: 21
HLI Martin Ratio Rank: 18

RDVY

RDVY Risk / Return Rank: 74
RDVY Sharpe Ratio Rank: 73
RDVY Sortino Ratio Rank: 75
RDVY Omega Ratio Rank: 70
RDVY Calmar Ratio Rank: 74
RDVY Martin Ratio Rank: 81

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.

HLI vs. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Houlihan Lokey, Inc. (HLI) and First Trust Rising Dividend Achievers ETF (RDVY). 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.

	HLI	RDVY	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	2.03	-2.81
Sortino ratio: Return per unit of downside risk	-0.94	2.90	-3.84
Omega ratio: Gain probability vs. loss probability	0.88	1.36	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.59	3.26	-3.85
Martin ratio: Return relative to average drawdown	-1.12	13.71	-14.83

HLI vs. RDVY - Sharpe Ratio Comparison

The current HLI Sharpe Ratio is -0.78, which is lower than the RDVY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of HLI and RDVY, 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

HLI vs. RDVY - Drawdown Comparison

The maximum HLI drawdown since its inception was -36.57%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for HLI and RDVY.

Drawdown Indicators

	HLI	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-36.57%	-40.60%	+4.03%
Max Drawdown (1Y) Largest decline over 1 year	-34.38%	-9.04%	-25.34%
Max Drawdown (3Y) Largest decline over 3 years	-34.38%	-19.11%	-15.27%
Max Drawdown (5Y) Largest decline over 5 years	-36.57%	-25.32%	-11.25%
Max Drawdown (10Y) Largest decline over 10 years	-36.57%	-40.60%	+4.03%
Current Drawdown Current decline from peak	-33.28%	0.00%	-33.28%
Average Drawdown Average peak-to-trough decline	-9.59%	-4.99%	-4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.07%	2.15%	+15.92%

Volatility

HLI vs. RDVY - Volatility Comparison

Houlihan Lokey, Inc. (HLI) has a higher volatility of 8.26% compared to First Trust Rising Dividend Achievers ETF (RDVY) at 5.04%. This indicates that HLI's price experiences larger fluctuations and is considered to be riskier than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLI	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.26%	5.04%	+3.22%
Volatility (6M) Calculated over the trailing 6-month period	19.38%	11.50%	+7.88%
Volatility (1Y) Calculated over the trailing 1-year period	26.11%	14.48%	+11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.97%	18.98%	+8.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	21.13%	+5.76%

Dividends

HLI vs. RDVY - Dividend Comparison

HLI's dividend yield for the trailing twelve months is around 1.81%, more than RDVY's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLI Houlihan Lokey, Inc.	1.81%	1.36%	1.30%	1.82%	2.32%	1.56%	1.90%	2.46%	2.74%	1.76%	2.12%	0.57%
RDVY First Trust Rising Dividend Achievers ETF	0.89%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both HLI and RDVY in my portfolio?

HLI and RDVY 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.

Which is riskier, HLI or RDVY?

HLI has higher volatility (8.26%) compared to RDVY (5.04%). In terms of maximum drawdown, HLI dropped -36.57% vs RDVY's -40.60%.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (2.03 vs -0.78), 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.