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LGCF vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGCF vs. HDV

Last updated Jun 6, 2026

LGCF (Themes US Cash Flow Champions ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - LGCF is a Large Cap Value Equities fund tracking the Solactive US Cash Flow Champions Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past year, LGCF returned 18.10% vs 22.66% for HDV. A 0.70 correlation means they provide meaningful diversification when combined. LGCF charges 0.29%/yr vs 0.08%/yr for HDV.

Performance

LGCF vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Cash Flow Champions ETF (LGCF) 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, LGCF achieves a 4.45% return, which is significantly lower than HDV's 13.73% return.

LGCF

1D
-0.82%
1M
0.95%
YTD
4.45%
6M
5.09%
1Y
18.10%
3Y*
—
5Y*
—
10Y*
—

HDV

1D
0.22%
1M
1.36%
YTD
13.73%
6M
14.28%
1Y
22.66%
3Y*
15.37%
5Y*
10.52%
10Y*
9.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LGCF vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023
LGCF
Themes US Cash Flow Champions ETF		4.45%15.71%17.65%2.14%
HDV
iShares Core High Dividend ETF		13.73%11.90%14.16%1.04%

Correlation

The correlation between LGCF and HDV is 0.60, 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

0.60

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2023

0.70

The correlation between LGCF and HDV has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

LGCF vs. HDV - Sectors Allocation Comparison

Sectors
LGCF
HDV

Financial Services

36.2%
11.1%

Energy

21.7%
22.3%

Healthcare

17.3%
16.5%

Technology

8.5%
8.2%

Consumer Cyclical

7.6%
6.1%

Consumer Defensive

2.9%
24.1%

Basic Materials

2.3%
1.2%

Communication Services

2.3%
0.1%

Industrials

1.2%
1.4%

Real Estate

-

-

Utilities

-

9.2%

Financial Services

LGCF
36.2%
HDV
11.1%

Energy

LGCF
21.7%
HDV
22.3%

Healthcare

LGCF
17.3%
HDV
16.5%

Technology

LGCF
8.5%
HDV
8.2%

Consumer Cyclical

LGCF
7.6%
HDV
6.1%

Consumer Defensive

LGCF
2.9%
HDV
24.1%

Basic Materials

LGCF
2.3%
HDV
1.2%

Communication Services

LGCF
2.3%
HDV
0.1%

Industrials

LGCF
1.2%
HDV
1.4%

Real Estate

LGCF

-

HDV

-

Utilities

LGCF

-

HDV
9.2%

Compare stocks, funds, or ETFs

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

Themes US Cash Flow Champions ETF

iShares Core High Dividend ETF

Often compared with LGCF:
LGCF vs. FNDXLGCF vs. VFLOLGCF vs. URANLGCF vs. WISELGCF vs. BWETLGCF vs. AVLVLGCF vs. CZAR
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

LGCF vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LGCF
LGCF Risk / Return Rank: 5151
Overall Rank
LGCF Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
LGCF Sortino Ratio Rank: 4343
Sortino Ratio Rank
LGCF Omega Ratio Rank: 4444
Omega Ratio Rank
LGCF Calmar Ratio Rank: 6868
Calmar Ratio Rank
LGCF Martin Ratio Rank: 5858
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7575
Overall Rank
HDV Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7979
Sortino Ratio Rank
HDV Omega Ratio Rank: 6969
Omega Ratio Rank
HDV Calmar Ratio Rank: 8484
Calmar Ratio Rank
HDV Martin Ratio Rank: 6767
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.

LGCF vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Cash Flow Champions ETF (LGCF) 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.

LGCFHDVDifference
Sharpe ratioReturn per unit of total volatility
1.41
2.35

-0.93

Sortino ratioReturn per unit of downside risk
1.98
3.45

-1.47

Omega ratioGain probability vs. loss probability

1.26

1.40

-0.14

Calmar ratioReturn relative to maximum drawdown

3.16

4.40

-1.23

Martin ratioReturn relative to average drawdown

9.53

12.22

-2.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGCF vs. HDV - Sharpe Ratio Comparison

The current LGCF Sharpe Ratio is 1.41, which is lower than the HDV Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of LGCF 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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Sharpe Ratios by Period

LGCFHDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

2.35

-0.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.82

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.08

0.73

+0.35

Drawdowns

LGCF vs. HDV - Drawdown Comparison

The maximum LGCF drawdown since its inception was -16.67%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for LGCF and HDV.

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Drawdown Indicators

LGCFHDVDifference

Max Drawdown

Largest peak-to-trough decline

-16.67%

-37.04%

+20.37%

Max Drawdown (1Y)

Largest decline over 1 year

-5.75%

-5.18%

-0.57%

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 Drawdown

Current decline from peak

-0.82%

-1.65%

+0.83%

Average Drawdown

Average peak-to-trough decline

-2.22%

-3.09%

+0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

1.86%

+0.04%

Volatility

LGCF vs. HDV - Volatility Comparison

The current volatility for Themes US Cash Flow Champions ETF (LGCF) is 2.92%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.16%. This indicates that LGCF experiences smaller price fluctuations and is considered to be less risky 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

LGCFHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.92%

3.16%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

10.11%

7.51%

+2.60%

Volatility (1Y)

Calculated over the trailing 1-year period

12.86%

9.71%

+3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.16%

12.82%

+2.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.16%

15.73%

-0.57%

LGCF vs. HDV - Expense Ratio Comparison

LGCF has a 0.29% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

LGCF vs. HDV - Dividend Comparison

LGCF's dividend yield for the trailing twelve months is around 1.76%, less than HDV's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.88%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
LGCF
Themes US Cash Flow Champions ETF		1.76%1.84%1.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LGCF and HDV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HDV has higher volatility (3.16%) compared to LGCF (2.92%). In terms of maximum drawdown, LGCF dropped -16.67% vs HDV's -37.04%.

On 1-year performance, HDV leads with 22.66% vs 18.10% for LGCF. On fees, HDV is cheaper at 0.08% per year. On volatility, LGCF has been the lower-risk option at 2.92%. 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 22.66% return vs 18.10%. 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 0.29% for LGCF.

HDV has the higher dividend yield at 2.88%, compared with 1.76% for LGCF.

LGCF is categorized as Large Cap Value Equities, while HDV is Dividend. LGCF tracks Solactive US Cash Flow Champions Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Themes and iShares. Their fees differ too: 0.29% for LGCF and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.35 vs 1.41), 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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