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KVLE vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KVLE vs. HDV

Last updated Jun 24, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 5 years, KVLE returned 10.02%/yr vs 11.09%/yr for HDV. A 0.67 correlation means they provide meaningful diversification when combined. KVLE charges 0.56%/yr vs 0.08%/yr for HDV.

Performance

KVLE vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Value Liner Dynamic Core Equity Index ETF (KVLE) 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, KVLE achieves a 9.27% return, which is significantly lower than HDV's 14.07% return.

KVLE

1D
-0.36%
1M
0.18%
YTD
9.27%
6M
8.32%
1Y
17.71%
3Y*
14.36%
5Y*
10.02%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KVLE vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		9.27%9.34%18.25%10.49%-5.96%28.01%1.71%
HDV
iShares Core High Dividend ETF		14.07%11.90%14.16%1.72%7.05%19.45%1.83%

Correlation

The correlation between KVLE and HDV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2020

0.67

Over the past year, the correlation between KVLE and HDV has dropped to 0.36 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

KVLE vs. HDV - Sectors Allocation Comparison

Sectors
KVLE
HDV

Technology

31.4%
0.2%

Financial Services

12.2%
4.7%

Real Estate

11.8%

-

Consumer Cyclical

9.4%
9.2%

Healthcare

9.3%
22.6%

Industrials

8.9%
3.5%

Consumer Defensive

6.6%
24.5%

Energy

4.4%
20.2%

Communication Services

4.1%
5.7%

Basic Materials

1.3%
0.8%

Utilities

0.6%
8.1%

Technology

KVLE
31.4%
HDV
0.2%

Financial Services

KVLE
12.2%
HDV
4.7%

Real Estate

KVLE
11.8%
HDV

-

Consumer Cyclical

KVLE
9.4%
HDV
9.2%

Healthcare

KVLE
9.3%
HDV
22.6%

Industrials

KVLE
8.9%
HDV
3.5%

Consumer Defensive

KVLE
6.6%
HDV
24.5%

Energy

KVLE
4.4%
HDV
20.2%

Communication Services

KVLE
4.1%
HDV
5.7%

Basic Materials

KVLE
1.3%
HDV
0.8%

Utilities

KVLE
0.6%
HDV
8.1%

Compare stocks, funds, or ETFs

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

KFA Value Liner Dynamic Core Equity Index ETF

iShares Core High Dividend ETF

Often compared with KVLE:
KVLE vs. SPYKVLE vs. SCHDKVLE vs. VTVKVLE vs. VOOKVLE vs. DOGGKVLE vs. KBAKVLE vs. KLIP
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

KVLE vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KVLE
KVLE Risk / Return Rank: 4646
Overall Rank
KVLE Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 4949
Sortino Ratio Rank
KVLE Omega Ratio Rank: 4747
Omega Ratio Rank
KVLE Calmar Ratio Rank: 3939
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4646
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7070
Overall Rank
HDV Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7373
Sortino Ratio Rank
HDV Omega Ratio Rank: 6262
Omega Ratio Rank
HDV Calmar Ratio Rank: 8181
Calmar Ratio Rank
HDV Martin Ratio Rank: 6464
Martin Ratio Rank
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.

KVLE vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) 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.

KVLEHDVDifference
Sharpe ratioReturn per unit of total volatility
1.58
2.13

-0.55

Sortino ratioReturn per unit of downside risk
2.25
3.13

-0.88

Omega ratioGain probability vs. loss probability

1.28

1.36

-0.08

Calmar ratioReturn relative to maximum drawdown

1.85

4.09

-2.23

Martin ratioReturn relative to average drawdown

7.07

11.19

-4.12

KVLE vs. HDV - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.58, which is comparable to the HDV Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of KVLE 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

KVLE vs. HDV - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for KVLE and HDV.

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Drawdown Indicators

KVLEHDVDifference

Max Drawdown

Largest peak-to-trough decline

-18.38%

-37.04%

+18.66%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-5.18%

-4.41%

Max Drawdown (3Y)

Largest decline over 3 years

-16.39%

-10.49%

-5.90%

Max Drawdown (5Y)

Largest decline over 5 years

-18.38%

-15.42%

-2.96%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-1.76%

-1.35%

-0.41%

Average Drawdown

Average peak-to-trough decline

-3.19%

-3.08%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

1.89%

+0.62%

Volatility

KVLE vs. HDV - Volatility Comparison

KFA Value Liner Dynamic Core Equity Index ETF (KVLE) and iShares Core High Dividend ETF (HDV) have volatilities of 3.68% 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

KVLEHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.68%

3.64%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

7.61%

+1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

11.25%

9.93%

+1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

12.81%

+1.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

15.73%

-1.40%

KVLE vs. HDV - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

KVLE vs. HDV - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.37%, more than HDV's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.37%7.90%7.99%2.53%5.78%9.51%0.35%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KVLE and HDV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KVLE has higher volatility (3.68%) compared to HDV (3.64%). In terms of maximum drawdown, KVLE dropped -18.38% vs HDV's -37.04%.

On 5-year performance, HDV leads with 11.09% vs 10.02% for KVLE. On fees, HDV is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HDV has performed better with a 11.09% return vs 10.02%. 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 0.56% for KVLE.

KVLE has the higher dividend yield at 7.37%, compared with 2.90% for HDV.

KVLE is categorized as Large Cap Value Equities, while HDV is Dividend. KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: CICC and iShares. Their fees differ too: 0.56% for KVLE and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.13 vs 1.58), 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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