NOW vs. HDV

Last updated Jun 25, 2026

NOW (ServiceNow, Inc) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, NOW returned 20.89%/yr vs 9.44%/yr for HDV. At a 0.26 correlation, their price movements are largely independent.

Performance

NOW vs. HDV - Performance Comparison

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

Returns By Period

In the year-to-date period, NOW achieves a -38.77% return, which is significantly lower than HDV's 13.95% return. Over the past 10 years, NOW has outperformed HDV with an annualized return of 20.89%, while HDV has yielded a comparatively lower 9.44% annualized return.

NOW

• 1D: -2.23%
• 1M: -8.16%
• YTD: -38.77%
• 6M: -38.53%
• 1Y: -52.93%
• 3Y*: -4.77%
• 5Y*: -2.96%
• 10Y*: 20.89%

HDV

• 1D: -0.11%
• 1M: -1.46%
• YTD: 13.95%
• 6M: 13.56%
• 1Y: 20.98%
• 3Y*: 15.44%
• 5Y*: 10.95%
• 10Y*: 9.44%

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

NOW vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOW ServiceNow, Inc	-38.77%	-27.75%	50.05%	81.96%	-40.18%	17.93%	94.97%	58.56%	36.55%	75.40%
HDV iShares Core High Dividend ETF	13.95%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	20.22%	-3.01%	13.40%

Correlation

The correlation between NOW and HDV is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012	0.26

The correlation between NOW and HDV shifts across timeframes, from -0.10 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NOW vs. HDV — Risk / Return Rank

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

NOW

NOW Risk / Return Rank: 6
NOW Sharpe Ratio Rank: 4
NOW Sortino Ratio Rank: 6
NOW Omega Ratio Rank: 6
NOW Calmar Ratio Rank: 8
NOW Martin Ratio Rank: 6

HDV

HDV Risk / Return Rank: 74
HDV Sharpe Ratio Rank: 74
HDV Sortino Ratio Rank: 78
HDV Omega Ratio Rank: 68
HDV Calmar Ratio Rank: 83
HDV Martin Ratio Rank: 68

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.

NOW vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ServiceNow, Inc (NOW) 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.

	NOW	HDV	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	2.12	-3.17
Sortino ratio: Return per unit of downside risk	-1.61	3.11	-4.72
Omega ratio: Gain probability vs. loss probability	0.80	1.36	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.88	4.07	-4.95
Martin ratio: Return relative to average drawdown	-1.51	11.13	-12.64

NOW vs. HDV - Sharpe Ratio Comparison

The current NOW Sharpe Ratio is -1.05, which is lower than the HDV Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of NOW 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.

Drawdowns

NOW vs. HDV - Drawdown Comparison

The maximum NOW drawdown since its inception was -64.54%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NOW and HDV.

Drawdown Indicators

	NOW	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-64.54%	-37.04%	-27.50%
Max Drawdown (1Y) Largest decline over 1 year	-60.28%	-5.18%	-55.10%
Max Drawdown (3Y) Largest decline over 3 years	-64.54%	-10.49%	-54.05%
Max Drawdown (5Y) Largest decline over 5 years	-64.54%	-15.42%	-49.12%
Max Drawdown (10Y) Largest decline over 10 years	-64.54%	-37.04%	-27.50%
Current Drawdown Current decline from peak	-59.93%	-1.46%	-58.47%
Average Drawdown Average peak-to-trough decline	-13.87%	-3.08%	-10.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.17%	1.89%	+33.28%

Volatility

NOW vs. HDV - Volatility Comparison

ServiceNow, Inc (NOW) has a higher volatility of 24.34% compared to iShares Core High Dividend ETF (HDV) at 3.45%. This indicates that NOW'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

	NOW	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.34%	3.45%	+20.89%
Volatility (6M) Calculated over the trailing 6-month period	45.97%	7.60%	+38.37%
Volatility (1Y) Calculated over the trailing 1-year period	50.60%	9.93%	+40.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.56%	12.81%	+30.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.86%	15.73%	+25.13%

Dividends

NOW vs. HDV - Dividend Comparison

NOW has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NOW ServiceNow, Inc	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

Can I hold both NOW and HDV in my portfolio?

NOW and HDV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NOW or HDV?

NOW has higher volatility (24.34%) compared to HDV (3.45%). In terms of maximum drawdown, NOW dropped -64.54% vs HDV's -37.04%.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.12 vs -1.05), 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.