HOVLX vs. IWD
Compare and contrast key facts about Homestead Funds Value Fund (HOVLX) and iShares Russell 1000 Value ETF (IWD).
HOVLX is managed by Homestead. It was launched on Nov 19, 1990. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HOVLX or IWD.
Key characteristics
| HOVLX | IWD | |
|---|---|---|
| YTD Return | 18.87% | 19.63% |
| 1Y Return | 30.48% | 32.36% |
| 3Y Return (Ann) | 8.33% | 7.50% |
| 5Y Return (Ann) | 12.30% | 10.38% |
| 10Y Return (Ann) | 10.83% | 9.00% |
| Sharpe Ratio | 2.81 | 2.93 |
| Sortino Ratio | 3.96 | 4.14 |
| Omega Ratio | 1.52 | 1.54 |
| Calmar Ratio | 4.37 | 3.77 |
| Martin Ratio | 15.76 | 18.71 |
| Ulcer Index | 1.94% | 1.73% |
| Daily Std Dev | 10.87% | 11.02% |
| Max Drawdown | -57.48% | -60.10% |
| Current Drawdown | -0.59% | -0.74% |
Correlation
The correlation between HOVLX and IWD is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HOVLX vs. IWD - Performance Comparison
The year-to-date returns for both investments are quite close, with HOVLX having a 18.87% return and IWD slightly higher at 19.63%. Over the past 10 years, HOVLX has outperformed IWD with an annualized return of 10.83%, while IWD has yielded a comparatively lower 9.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HOVLX vs. IWD - Expense Ratio Comparison
HOVLX has a 0.63% expense ratio, which is higher than IWD's 0.19% expense ratio.
Risk-Adjusted Performance
HOVLX vs. IWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) and iShares Russell 1000 Value ETF (IWD). 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.
Dividends
HOVLX vs. IWD - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 1.22%, less than IWD's 1.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 1.22% | 1.49% | 1.48% | 1.19% | 1.39% | 1.60% | 1.94% | 1.80% | 2.31% | 2.02% | 1.54% | 1.67% |
IWD iShares Russell 1000 Value ETF | 1.77% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% | 2.00% | 1.95% |
Drawdowns
HOVLX vs. IWD - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.48%, roughly equal to the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for HOVLX and IWD. For additional features, visit the drawdowns tool.
Volatility
HOVLX vs. IWD - Volatility Comparison
The current volatility for Homestead Funds Value Fund (HOVLX) is 3.55%, while iShares Russell 1000 Value ETF (IWD) has a volatility of 3.74%. This indicates that HOVLX experiences smaller price fluctuations and is considered to be less risky than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.