KEAT vs. HDV
KEAT (Keating Active ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - KEAT is a Global Allocation fund actively managed by Keating, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. KEAT is actively managed, while HDV is passively managed. Over the past year, KEAT returned 19.10% vs 21.06% for HDV. A 0.62 correlation means they provide meaningful diversification when combined. KEAT charges 0.85%/yr vs 0.08%/yr for HDV.
Performance
KEAT vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, KEAT achieves a 5.02% return, which is significantly lower than HDV's 14.07% return.
KEAT
- 1D
- -0.30%
- 1M
- -5.12%
- YTD
- 5.02%
- 6M
- 4.22%
- 1Y
- 19.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 1.33%
- 1M
- -1.35%
- YTD
- 14.07%
- 6M
- 14.08%
- 1Y
- 21.06%
- 3Y*
- 15.48%
- 5Y*
- 11.09%
- 10Y*
- 9.45%
KEAT vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KEAT Keating Active ETF | 5.02% | 22.76% | 3.10% |
HDV iShares Core High Dividend ETF | 14.07% | 11.90% | 7.21% |
Correlation
The correlation between KEAT and HDV is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.62 |
The correlation between KEAT and HDV shifts across timeframes, from 0.51 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KEAT vs. HDV — Risk / Return Rank
KEAT
HDV
KEAT vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Keating Active ETF (KEAT) 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.
| KEAT | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.09 | -2.04 |
| Martin ratioReturn relative to average drawdown | 6.99 | 11.19 | -4.20 |
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Drawdowns
KEAT vs. HDV - Drawdown Comparison
The maximum KEAT drawdown since its inception was -9.40%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for KEAT and HDV.
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Drawdown Indicators
| KEAT | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.40% | -37.04% | +27.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -5.18% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -9.40% | -1.35% | -8.05% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -3.08% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 1.89% | +0.85% |
Volatility
KEAT vs. HDV - Volatility Comparison
Keating Active ETF (KEAT) and iShares Core High Dividend ETF (HDV) have volatilities of 3.48% and 3.64%, 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.
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Volatility by Period
| KEAT | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.64% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 7.61% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 9.93% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.41% | 12.81% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.41% | 15.73% | -5.32% |
KEAT vs. HDV - Expense Ratio Comparison
KEAT has a 0.85% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
KEAT vs. HDV - Dividend Comparison
KEAT's dividend yield for the trailing twelve months is around 2.34%, less than HDV's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.90% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
KEAT Keating Active ETF | 2.34% | 2.48% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KEAT and HDV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (3.64%) compared to KEAT (3.48%). In terms of maximum drawdown, KEAT dropped -9.40% vs HDV's -37.04%.
On 1-year performance, HDV leads with 21.06% vs 19.10% for KEAT. On fees, HDV is cheaper at 0.08% per year. On volatility, KEAT has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 21.06% return vs 19.10%. 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 0.85% for KEAT.
HDV has the higher dividend yield at 2.90%, compared with 2.34% for KEAT.
KEAT is categorized as Global Allocation, while HDV is Dividend. They also come from different issuers: Keating and iShares. Their fees differ too: 0.85% for KEAT and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.13 vs 1.79), 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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