IP vs. HDV
IP (International Paper Company) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, IP returned 3.48%/yr vs 9.47%/yr for HDV. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
IP vs. HDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IP achieves a -5.93% return, which is significantly lower than HDV's 15.30% return. Over the past 10 years, IP has underperformed HDV with an annualized return of 3.48%, while HDV has yielded a comparatively higher 9.47% annualized return.
IP
- 1D
- 3.43%
- 1M
- 16.10%
- YTD
- -5.93%
- 6M
- -3.85%
- 1Y
- -17.46%
- 3Y*
- 9.44%
- 5Y*
- -5.62%
- 10Y*
- 3.48%
HDV
- 1D
- 0.87%
- 1M
- 2.05%
- YTD
- 15.30%
- 6M
- 15.20%
- 1Y
- 21.86%
- 3Y*
- 15.16%
- 5Y*
- 10.91%
- 10Y*
- 9.47%
IP vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -5.93% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
HDV iShares Core High Dividend ETF | 15.30% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between IP and HDV is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.55 |
The correlation between IP and HDV shifts across timeframes, from 0.38 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IP vs. HDV — Risk / Return Rank
IP
HDV
IP vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 4.18 | -4.61 |
| Martin ratioReturn relative to average drawdown | -0.78 | 11.59 | -12.37 |
Loading charts...
Drawdowns
IP vs. HDV - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for IP and HDV.
Loading charts...
Drawdown Indicators
| IP | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -37.04% | -53.58% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -5.18% | -40.34% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -10.49% | -38.12% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -15.42% | -33.19% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -37.04% | -18.23% |
Current DrawdownCurrent decline from peak | -35.82% | -0.29% | -35.53% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -3.08% | -17.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 1.87% | +23.47% |
Volatility
IP vs. HDV - Volatility Comparison
International Paper Company (IP) has a higher volatility of 15.74% compared to iShares Core High Dividend ETF (HDV) at 3.10%. This indicates that IP'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.
Loading charts...
Volatility by Period
| IP | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 3.10% | +12.64% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 7.44% | +25.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 9.73% | +32.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.86% | 12.83% | +20.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 15.73% | +16.62% |
Dividends
IP vs. HDV - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.12%, more than HDV's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.84% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
IP International Paper Company | 5.12% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
Frequently Asked Questions
IP and HDV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (15.74%) compared to HDV (3.10%). In terms of maximum drawdown, IP dropped -90.62% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.23 vs -0.46), 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.
Find the right allocation for IP and HDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer