HVAC vs. IVEP

Last updated Jun 23, 2026

HVAC (AdvisorShares HVAC and Industrials ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both Industrials Equities funds. HVAC is actively managed, while IVEP is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. HVAC charges 1.00%/yr vs 0.75%/yr for IVEP.

Performance

HVAC vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares HVAC and Industrials ETF (HVAC) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HVAC

• 1D: 2.59%
• 1M: 9.02%
• YTD: 39.55%
• 6M: 36.71%
• 1Y: 62.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVEP

• 1D: 1.42%
• 1M: 3.12%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HVAC vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
HVAC AdvisorShares HVAC and Industrials ETF	24.22%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	11.64%

Correlation

The correlation between HVAC and IVEP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.81

HVAC vs. IVEP - Sectors Allocation Comparison

Sectors	HVAC	IVEP
Industrials	69.4%	43.6%
Technology	20.2%	7.7%
Consumer Cyclical	4.6%	-
Utilities	3.0%	22.5%
Real Estate	2.8%	10.9%
Basic Materials	-	2.4%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	13.0%
Financial Services	-	-
Healthcare	-	-

Return for Risk

HVAC vs. IVEP — Risk / Return Rank

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

HVAC

HVAC Risk / Return Rank: 70
HVAC Sharpe Ratio Rank: 70
HVAC Sortino Ratio Rank: 59
HVAC Omega Ratio Rank: 60
HVAC Calmar Ratio Rank: 83
HVAC Martin Ratio Rank: 78

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HVAC vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares HVAC and Industrials ETF (HVAC) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

	HVAC	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	2.18	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.25	—	—
Martin ratio: Return relative to average drawdown	14.41	—	—

Drawdowns

HVAC vs. IVEP - Drawdown Comparison

The maximum HVAC drawdown since its inception was -21.22%, which is greater than IVEP's maximum drawdown of -10.90%. Use the drawdown chart below to compare losses from any high point for HVAC and IVEP.

Drawdown Indicators

	HVAC	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-21.22%	-10.90%	-10.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.83%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.98%	-2.75%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	—	—

Volatility

Volatility by Period

	HVAC	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.99%	28.05%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.05%	28.05%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.05%	28.05%	+2.00%

HVAC vs. IVEP - Expense Ratio Comparison

HVAC has a 1.00% expense ratio, which is higher than IVEP's 0.75% expense ratio.

Dividends

HVAC vs. IVEP - Dividend Comparison

HVAC's dividend yield for the trailing twelve months is around 0.14%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025
HVAC AdvisorShares HVAC and Industrials ETF	0.14%	0.19%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HVAC and IVEP in my portfolio?

HVAC and IVEP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HVAC or IVEP?

On fees, IVEP is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HVAC or IVEP?

IVEP is cheaper with a 0.75% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, HVAC or IVEP?

HVAC has the higher dividend yield at 0.14%, compared with 0.00% for IVEP.

What is the main difference between HVAC and IVEP?

They also come from different issuers: AdvisorShares and Wedbush. Their fees differ too: 1.00% for HVAC and 0.75% for IVEP.