MSIF vs. HDV
MSIF (MSC Income Fund, Inc.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past year, MSIF returned -27.26% vs 19.54% for HDV. At a 0.13 correlation, their price movements are largely independent.
Performance
MSIF vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, MSIF achieves a -11.31% return, which is significantly lower than HDV's 12.57% return.
MSIF
- 1D
- -4.15%
- 1M
- -4.15%
- YTD
- -11.31%
- 6M
- -11.08%
- 1Y
- -27.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.15%
- 1M
- -2.65%
- YTD
- 12.57%
- 6M
- 12.67%
- 1Y
- 19.54%
- 3Y*
- 14.97%
- 5Y*
- 10.90%
- 10Y*
- 9.31%
MSIF vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSIF MSC Income Fund, Inc. | -11.31% | -6.00% |
HDV iShares Core High Dividend ETF | 12.57% | 9.98% |
Correlation
The correlation between MSIF and HDV is 0.07, 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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025 | 0.13 |
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Return for Risk
MSIF vs. HDV — Risk / Return Rank
MSIF
HDV
MSIF vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MSC Income Fund, Inc. (MSIF) 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.
| MSIF | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.38 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.34 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 3.79 | -4.81 |
| Martin ratioReturn relative to average drawdown | -1.58 | 10.39 | -11.97 |
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Drawdowns
MSIF vs. HDV - Drawdown Comparison
The maximum MSIF drawdown since its inception was -30.63%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MSIF and HDV.
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Drawdown Indicators
| MSIF | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -37.04% | +6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -26.92% | -5.18% | -21.74% |
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 | -30.01% | -2.65% | -27.36% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -3.08% | -13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.30% | 1.89% | +16.41% |
Volatility
MSIF vs. HDV - Volatility Comparison
MSC Income Fund, Inc. (MSIF) has a higher volatility of 8.29% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that MSIF'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
| MSIF | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 3.37% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 18.76% | 7.52% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.04% | 9.87% | +17.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.50% | 12.80% | +16.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.50% | 15.74% | +13.76% |
Dividends
MSIF vs. HDV - Dividend Comparison
MSIF's dividend yield for the trailing twelve months is around 12.73%, more than HDV's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.94% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
MSIF MSC Income Fund, Inc. | 12.73% | 10.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSIF and HDV have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSIF has higher volatility (8.29%) compared to HDV (3.37%). In terms of maximum drawdown, MSIF dropped -30.63% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (1.99 vs -1.01), 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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