IXG vs. HDV
Compare and contrast key facts about iShares Global Financials ETF (IXG) and iShares Core High Dividend ETF (HDV).
IXG and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXG is a passively managed fund by iShares that tracks the performance of the S&P Global Financials Sector Index. It was launched on Nov 12, 2001. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both IXG and HDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXG or HDV.
Key characteristics
| IXG | HDV | |
|---|---|---|
| YTD Return | 12.57% | 10.10% |
| 1Y Return | 31.11% | 18.42% |
| 3Y Return (Ann) | 6.16% | 7.77% |
| 5Y Return (Ann) | 10.02% | 7.60% |
| 10Y Return (Ann) | 7.39% | 8.16% |
| Sharpe Ratio | 2.40 | 1.60 |
| Daily Std Dev | 12.27% | 10.42% |
| Max Drawdown | -78.42% | -37.04% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IXG and HDV is 0.74, 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
IXG vs. HDV - Performance Comparison
In the year-to-date period, IXG achieves a 12.57% return, which is significantly higher than HDV's 10.10% return. Over the past 10 years, IXG has underperformed HDV with an annualized return of 7.39%, while HDV has yielded a comparatively higher 8.16% 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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IXG vs. HDV - Expense Ratio Comparison
IXG has a 0.46% expense ratio, which is higher than HDV's 0.08% expense ratio.
Risk-Adjusted Performance
IXG vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Financials ETF (IXG) 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.
Dividends
IXG vs. HDV - Dividend Comparison
IXG's dividend yield for the trailing twelve months is around 2.33%, less than HDV's 3.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 2.33% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% | 2.38% | 2.14% |
HDV iShares Core High Dividend ETF | 3.31% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
IXG vs. HDV - Drawdown Comparison
The maximum IXG drawdown since its inception was -78.42%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for IXG and HDV. For additional features, visit the drawdowns tool.
Volatility
IXG vs. HDV - Volatility Comparison
iShares Global Financials ETF (IXG) and iShares Core High Dividend ETF (HDV) have volatilities of 2.47% and 2.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.