MFSV vs. HDV

Last updated Apr 1, 2026

Compare and contrast key facts about MFS Active Value ETF (MFSV) and iShares Core High Dividend ETF (HDV).

MFSV and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFSV is an actively managed fund by MFS. It was launched on Dec 4, 2024. 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.

Performance

MFSV vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Active Value ETF (MFSV) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

MFSV vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MFSV MFS Active Value ETF	1.12%	13.63%	-4.64%
HDV iShares Core High Dividend ETF	12.30%	11.90%	-4.97%

Returns By Period

In the year-to-date period, MFSV achieves a 1.12% return, which is significantly lower than HDV's 12.30% return.

MFSV

• 1D: 1.79%
• 1M: -4.46%
• YTD: 1.12%
• 6M: 3.07%
• 1Y: 10.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.24%
• 1M: -2.54%
• YTD: 12.30%
• 6M: 12.67%
• 1Y: 15.69%
• 3Y*: 13.97%
• 5Y*: 11.18%
• 10Y*: 9.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MFSV vs. HDV - Expense Ratio Comparison

MFSV has a 0.44% expense ratio, which is higher than HDV's 0.08% expense ratio.

MFSV

MFS Active Value ETF

HDV

iShares Core High Dividend ETF

Return for Risk

MFSV vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFSV

MFSV Risk / Return Rank: 38
MFSV Sharpe Ratio Rank: 35
MFSV Sortino Ratio Rank: 34
MFSV Omega Ratio Rank: 35
MFSV Calmar Ratio Rank: 38
MFSV Martin Ratio Rank: 46

HDV

HDV Risk / Return Rank: 70
HDV Sharpe Ratio Rank: 73
HDV Sortino Ratio Rank: 71
HDV Omega Ratio Rank: 71
HDV Calmar Ratio Rank: 69
HDV Martin Ratio Rank: 65

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.

MFSV vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Active Value ETF (MFSV) 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.

	MFSV	HDV	Difference
Sharpe ratio Return per unit of total volatility	0.68	1.24	-0.56
Sortino ratio Return per unit of downside risk	1.03	1.70	-0.67
Omega ratio Gain probability vs. loss probability	1.15	1.25	-0.10
Calmar ratio Return relative to maximum drawdown	0.99	1.65	-0.65
Martin ratio Return relative to average drawdown	4.50	6.01	-1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFSV vs. HDV - Sharpe Ratio Comparison

The current MFSV Sharpe Ratio is 0.68, which is lower than the HDV Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of MFSV and HDV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MFSV	HDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.24	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.73	-0.21

Correlation

The correlation between MFSV and HDV is 0.73, 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.

Dividends

MFSV vs. HDV - Dividend Comparison

MFSV's dividend yield for the trailing twelve months is around 1.56%, less than HDV's 2.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFSV MFS Active Value ETF	1.56%	1.53%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.92%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Drawdowns

MFSV vs. HDV - Drawdown Comparison

The maximum MFSV drawdown since its inception was -12.74%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MFSV and HDV.

Drawdown Indicators

	MFSV	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-12.74%	-37.04%	+24.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-10.04%	-1.01%
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	-4.66%	-2.58%	-2.08%
Average Drawdown Average peak-to-trough decline	-1.94%	-3.09%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.88%	-0.44%

Volatility

MFSV vs. HDV - Volatility Comparison

MFS Active Value ETF (MFSV) has a higher volatility of 3.72% compared to iShares Core High Dividend ETF (HDV) at 2.94%. This indicates that MFSV'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.

Volatility by Period

	MFSV	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	2.94%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	7.06%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	12.79%	+1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.17%	12.78%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.17%	15.70%	-1.53%