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MP vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MP vs. HDV

Last updated Jun 4, 2026

MP (MP Materials Corp.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 5 years, MP returned 16.72%/yr vs 10.32%/yr for HDV. At a 0.25 correlation, their price movements are largely independent.

Performance

MP vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MP Materials Corp. (MP) 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, MP achieves a 35.69% return, which is significantly higher than HDV's 12.69% return.

MP

1D
-5.11%
1M
3.55%
YTD
35.69%
6M
16.76%
1Y
211.59%
3Y*
45.90%
5Y*
16.72%
10Y*
—

HDV

1D
0.37%
1M
0.29%
YTD
12.69%
6M
12.16%
1Y
20.35%
3Y*
14.94%
5Y*
10.32%
10Y*
9.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MP vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
MP
MP Materials Corp.		35.69%223.85%-21.41%-18.25%-46.54%41.19%221.70%
HDV
iShares Core High Dividend ETF		12.69%11.90%14.16%1.72%7.05%19.45%9.21%

Correlation

The correlation between MP and HDV is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.05

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

0.17

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

0.27

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2020

0.25

The correlation between MP and HDV shifts across timeframes, from -0.05 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

MP Materials Corp.

iShares Core High Dividend ETF

Often compared with MP:
MP vs. USARMP vs. LYSDYMP vs. FCXMP vs. LACMP vs. TMCMP vs. AAMP vs. NB
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

MP vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MP
MP Risk / Return Rank: 8686
Overall Rank
MP Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
MP Sortino Ratio Rank: 8989
Sortino Ratio Rank
MP Omega Ratio Rank: 8585
Omega Ratio Rank
MP Calmar Ratio Rank: 8787
Calmar Ratio Rank
MP Martin Ratio Rank: 8080
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 6464
Overall Rank
HDV Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 6666
Sortino Ratio Rank
HDV Omega Ratio Rank: 5757
Omega Ratio Rank
HDV Calmar Ratio Rank: 7676
Calmar Ratio Rank
HDV Martin Ratio Rank: 6161
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.

MP vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) 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.

MPHDVDifference
Sharpe ratioReturn per unit of total volatility
2.27
2.10

+0.17

Sortino ratioReturn per unit of downside risk
3.17
3.11

+0.06

Omega ratioGain probability vs. loss probability

1.36

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

3.96

3.95

+0.01

Martin ratioReturn relative to average drawdown

6.77

11.02

-4.25

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

MP vs. HDV - Sharpe Ratio Comparison

The current MP Sharpe Ratio is 2.27, which is comparable to the HDV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of MP 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

MPHDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

2.10

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.81

-0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.72

-0.19

Drawdowns

MP vs. HDV - Drawdown Comparison

The maximum MP drawdown since its inception was -81.99%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MP and HDV.

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Drawdown Indicators

MPHDVDifference

Max Drawdown

Largest peak-to-trough decline

-81.99%

-37.04%

-44.95%

Max Drawdown (1Y)

Largest decline over 1 year

-53.79%

-5.18%

-48.61%

Max Drawdown (3Y)

Largest decline over 3 years

-59.47%

-10.49%

-48.98%

Max Drawdown (5Y)

Largest decline over 5 years

-81.99%

-15.42%

-66.57%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-30.51%

-2.54%

-27.97%

Average Drawdown

Average peak-to-trough decline

-42.63%

-3.09%

-39.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

31.40%

1.85%

+29.55%

Volatility

MP vs. HDV - Volatility Comparison

MP Materials Corp. (MP) has a higher volatility of 21.38% compared to iShares Core High Dividend ETF (HDV) at 3.19%. This indicates that MP'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.

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Volatility by Period

MPHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.38%

3.19%

+18.19%

Volatility (6M)

Calculated over the trailing 6-month period

50.40%

7.56%

+42.84%

Volatility (1Y)

Calculated over the trailing 1-year period

93.94%

9.73%

+84.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

69.57%

12.82%

+56.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

72.60%

15.73%

+56.87%

Dividends

MP vs. HDV - Dividend Comparison

MP has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.91%.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.91%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
MP
MP Materials Corp.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MP and HDV have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MP has higher volatility (21.38%) compared to HDV (3.19%). In terms of maximum drawdown, MP dropped -81.99% vs HDV's -37.04%.

MP currently has the higher Sharpe Ratio (2.27 vs 2.10), 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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