NVDU vs. HDV

Last updated Jul 12, 2026

NVDU (Direxion Daily NVDA Bull 2X Shares ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - NVDU is a Leveraged Equities fund actively managed by Direxion, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. NVDU is actively managed, while HDV is passively managed. Over the past year, NVDU returned 29.73% vs 19.24% for HDV. At a correlation of -0.11, they often move in opposite directions. NVDU charges 1.04%/yr vs 0.08%/yr for HDV.

Performance

NVDU vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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, NVDU achieves a 12.92% return, which is significantly lower than HDV's 15.36% return.

NVDU

• 1D: 8.05%
• 1M: 3.83%
• 6M: 15.30%
• YTD: 12.92%
• 1Y: 29.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.44%
• 1M: 0.05%
• 6M: 13.47%
• YTD: 15.36%
• 1Y: 19.24%
• 3Y*: 15.04%
• 5Y*: 11.16%
• 10Y*: 9.03%

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

NVDU vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDU Direxion Daily NVDA Bull 2X Shares ETF	12.92%	33.65%	289.29%	12.08%
HDV iShares Core High Dividend ETF	15.36%	11.90%	14.16%	0.72%

Correlation

The correlation between NVDU and HDV is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	-0.11

The correlation between NVDU and HDV shifts across timeframes, from -0.27 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.

NVDU vs. HDV - Sectors Allocation Comparison

Sectors	NVDU	HDV
Technology	100.0%	0.2%
Basic Materials	-	0.8%
Communication Services	-	5.2%
Consumer Cyclical	-	9.2%
Consumer Defensive	-	24.5%
Energy	-	19.6%
Financial Services	-	4.8%
Healthcare	-	23.7%
Industrials	-	3.6%
Real Estate	-	-
Utilities	-	8.2%

Return for Risk

NVDU vs. HDV — Risk / Return Rank

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

NVDU

NVDU Risk / Return Rank: 20
NVDU Sharpe Ratio Rank: 18
NVDU Sortino Ratio Rank: 23
NVDU Omega Ratio Rank: 22
NVDU Calmar Ratio Rank: 20
NVDU Martin Ratio Rank: 18

HDV

HDV Risk / Return Rank: 72
HDV Sharpe Ratio Rank: 69
HDV Sortino Ratio Rank: 74
HDV Omega Ratio Rank: 64
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.

NVDU vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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.

	NVDU	HDV	Difference
Sharpe ratio: Return per unit of total volatility	0.44	1.79	-1.35
Sortino ratio: Return per unit of downside risk	1.08	2.67	-1.59
Omega ratio: Gain probability vs. loss probability	1.13	1.31	-0.18
Calmar ratio: Return relative to maximum drawdown	0.73	3.60	-2.87
Martin ratio: Return relative to average drawdown	1.51	9.85	-8.33

NVDU vs. HDV - Sharpe Ratio Comparison

The current NVDU Sharpe Ratio is 0.44, which is lower than the HDV Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of NVDU 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

NVDU vs. HDV - Drawdown Comparison

The maximum NVDU drawdown since its inception was -67.27%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NVDU and HDV.

Drawdown Indicators

	NVDU	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-37.04%	-30.23%
Max Drawdown (1Y) Largest decline over 1 year	-42.27%	-5.18%	-37.09%
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	-23.09%	-1.39%	-21.70%
Average Drawdown Average peak-to-trough decline	-19.12%	-3.07%	-16.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.49%	1.90%	+18.59%

Volatility

NVDU vs. HDV - Volatility Comparison

Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 21.93% compared to iShares Core High Dividend ETF (HDV) at 4.51%. This indicates that NVDU'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

	NVDU	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.93%	4.51%	+17.42%
Volatility (6M) Calculated over the trailing 6-month period	53.87%	8.34%	+45.53%
Volatility (1Y) Calculated over the trailing 1-year period	70.52%	10.47%	+60.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.63%	12.88%	+77.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.63%	15.74%	+74.89%

NVDU vs. HDV - Expense Ratio Comparison

NVDU has a 1.04% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

NVDU vs. HDV - Dividend Comparison

NVDU's dividend yield for the trailing twelve months is around 5.23%, more than HDV's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.87%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	5.23%	5.68%	16.85%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDU and HDV in my portfolio?

NVDU and HDV have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDU or HDV?

NVDU has higher volatility (21.93%) compared to HDV (4.51%). In terms of maximum drawdown, NVDU dropped -67.27% vs HDV's -37.04%.

Which ETF is better, NVDU or HDV?

On 1-year performance, NVDU leads with 29.73% vs 19.24% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDU or HDV?

Over the 1-year period, NVDU has performed better with a 29.73% return vs 19.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDU or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 1.04% for NVDU.

Which ETF pays a higher dividend yield, NVDU or HDV?

NVDU has the higher dividend yield at 5.23%, compared with 2.87% for HDV.

What is the main difference between NVDU and HDV?

NVDU is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.04% for NVDU and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (1.79 vs 0.44), 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.