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IGM vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGM vs. HDV

Last updated Aug 4, 2026
Documentation

IGM (iShares Expanded Tech Sector ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, IGM returned 23.41%/yr vs 9.57%/yr for HDV. Their 0.47 correlation means their historical movements had little consistent relationship. IGM charges 0.39%/yr vs 0.08%/yr for HDV.

Performance

IGM vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGM achieves a 21.55% return, which is significantly higher than HDV's 19.66% return. Over the past 10 years, IGM has outperformed HDV with an annualized return of 23.41%, while HDV has yielded a comparatively lower 9.57% annualized return.

IGM

1D
2.20%
1M
0.03%
6M
20.71%
YTD
21.55%
1Y
38.56%
3Y*
33.72%
5Y*
18.11%
10Y*
23.41%
ALL TIME*
12.48%

HDV

1D
-0.31%
1M
2.46%
6M
10.00%
YTD
19.66%
1Y
25.24%
3Y*
15.80%
5Y*
12.13%
10Y*
9.57%
ALL TIME*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HDV

iShares Core High Dividend ETF
$168.30M$156.51M$108.57M

IGM

iShares Expanded Tech Sector ETF
$47.27M$46.48M$81.75M

IGM vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGM
iShares Expanded Tech Sector ETF		21.55%26.76%36.99%60.68%-35.83%25.72%45.11%41.81%2.26%37.20%
HDV
iShares Core High Dividend ETF		19.66%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between IGM and HDV is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.27

Correlation (3Y)
Balances recent behavior with more history.

-0.01

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.24

Correlation (10Y)
Provides a long-term view across more market conditions.

0.37

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2011

0.47

The correlation between IGM and HDV shifts across timeframes, from -0.27 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

IGM vs. HDV - Sectors Allocation Comparison

Sectors
IGM
HDV

Technology

85.2%
0.9%

Communication Services

14.1%
5.2%

Industrials

0.3%
2.8%

Financial Services

0.2%
4.7%

Energy

0.0%
19.8%

Consumer Cyclical

0.0%
9.3%

Basic Materials

0.0%
0.8%

Consumer Defensive

-

24.3%

Healthcare

-

23.9%

Real Estate

-

-

Utilities

-

8.2%

Technology

IGM
85.2%
HDV
0.9%

Communication Services

IGM
14.1%
HDV
5.2%

Industrials

IGM
0.3%
HDV
2.8%

Financial Services

IGM
0.2%
HDV
4.7%

Energy

IGM
0.0%
HDV
19.8%

Consumer Cyclical

IGM
0.0%
HDV
9.3%

Basic Materials

IGM
0.0%
HDV
0.8%

Consumer Defensive

IGM

-

HDV
24.3%

Healthcare

IGM

-

HDV
23.9%

Real Estate

IGM

-

HDV

-

Utilities

IGM

-

HDV
8.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Expanded Tech Sector ETF

iShares Core High Dividend ETF

Often compared with IGM:
IGM vs. QQQIGM vs. VGTIGM vs. IYWIGM vs. XLKIGM vs. IXNIGM vs. VOOIGM vs. IETC
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

IGM vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IGM
IGM Risk / Return Rank: 6363
Overall Rank
IGM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 6363
Sortino Ratio Rank
IGM Omega Ratio Rank: 6161
Omega Ratio Rank
IGM Calmar Ratio Rank: 6666
Calmar Ratio Rank
IGM Martin Ratio Rank: 5656
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 9191
Overall Rank
HDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9393
Sortino Ratio Rank
HDV Omega Ratio Rank: 8989
Omega Ratio Rank
HDV Calmar Ratio Rank: 9494
Calmar Ratio Rank
HDV Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGM vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and iShares Core High Dividend ETF (HDV). 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.

IGMHDVDifference
Sharpe ratioReturn per unit of total volatility
1.59
2.34

-0.75

Sortino ratioReturn per unit of downside risk
2.14
3.53

-1.39

Omega ratioGain probability vs. loss probability

1.27

1.41

-0.14

Calmar ratioReturn relative to maximum drawdown

2.36

4.90

-2.54

Martin ratioReturn relative to average drawdown

6.77

13.39

-6.61

IGM vs. HDV - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 1.59, which is lower than the HDV Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of IGM and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IGM vs. HDV - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for IGM and HDV.

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Drawdown Indicators

IGMHDVDifference

Max Drawdown

Largest peak-to-trough decline

-65.59%

-37.04%

-28.55%

Max Drawdown (1Y)

Largest decline over 1 year

-16.44%

-5.18%

-11.26%

Max Drawdown (3Y)

Largest decline over 3 years

-26.39%

-10.49%

-15.90%

Max Drawdown (5Y)

Largest decline over 5 years

-40.68%

-15.42%

-25.26%

Max Drawdown (10Y)

Largest decline over 10 years

-40.68%

-37.04%

-3.64%

Current Drawdown

Current decline from peak

-8.21%

-1.72%

-6.49%

Average Drawdown

Average peak-to-trough decline

-15.18%

-3.06%

-12.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.71%

1.89%

+3.82%

Volatility

IGM vs. HDV - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 8.47% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that IGM's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGMHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.47%

4.52%

+3.95%

Volatility (6M)

Calculated over the trailing 6-month period

20.36%

8.66%

+11.70%

Volatility (1Y)

Calculated over the trailing 1-year period

24.40%

10.83%

+13.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.36%

12.95%

+13.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.85%

15.79%

+9.06%

IGM vs. HDV - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

IGM vs. HDV - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.14%, less than HDV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.08%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
IGM
iShares Expanded Tech Sector ETF		0.14%0.17%0.22%0.33%0.66%0.16%0.32%0.50%0.57%0.57%0.90%0.79%

Frequently Asked Questions

IGM and HDV have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGM has higher volatility (8.47%) compared to HDV (4.52%). In terms of maximum drawdown, IGM dropped -65.59% vs HDV's -37.04%.

On 10-year performance, IGM leads with 23.41% vs 9.57% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGM has performed better with a 23.41% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.39% for IGM.

HDV has the higher dividend yield at 3.08%, compared with 0.14% for IGM.

IGM is categorized as Technology Equities, while HDV is Dividend. IGM tracks S&P North American Expanded Technology Sector Index, while HDV tracks Morningstar Dividend Yield Focus Index. Their fees differ too: 0.39% for IGM and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.34 vs 1.59), 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.

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