OPER vs. HDV
Compare and contrast key facts about ClearShares Ultra-Short Maturity ETF (OPER) and iShares Core High Dividend ETF (HDV).
OPER and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OPER is an actively managed fund by ClearShares LLC. It was launched on Jul 11, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPER or HDV.
Key characteristics
| OPER | HDV | |
|---|---|---|
| YTD Return | 4.67% | 20.55% |
| 1Y Return | 5.40% | 30.43% |
| 3Y Return (Ann) | 3.85% | 10.57% |
| 5Y Return (Ann) | 2.54% | 8.54% |
| Sharpe Ratio | 13.64 | 2.96 |
| Sortino Ratio | 35.12 | 4.32 |
| Omega Ratio | 10.80 | 1.54 |
| Calmar Ratio | 47.59 | 3.43 |
| Martin Ratio | 557.56 | 22.47 |
| Ulcer Index | 0.01% | 1.29% |
| Daily Std Dev | 0.40% | 9.79% |
| Max Drawdown | -2.33% | -37.04% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OPER and HDV is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
OPER vs. HDV - Performance Comparison
In the year-to-date period, OPER achieves a 4.67% return, which is significantly lower than HDV's 20.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OPER vs. HDV - Expense Ratio Comparison
OPER has a 0.20% expense ratio, which is higher than HDV's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
OPER vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) 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.
Dividends
OPER vs. HDV - Dividend Comparison
OPER's dividend yield for the trailing twelve months is around 5.36%, more than HDV's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPER ClearShares Ultra-Short Maturity ETF | 5.36% | 5.03% | 1.71% | 0.36% | 0.64% | 2.08% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.32% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
OPER vs. HDV - Drawdown Comparison
The maximum OPER drawdown since its inception was -2.33%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for OPER and HDV. For additional features, visit the drawdowns tool.
Volatility
OPER vs. HDV - Volatility Comparison
The current volatility for ClearShares Ultra-Short Maturity ETF (OPER) is 0.08%, while iShares Core High Dividend ETF (HDV) has a volatility of 2.60%. This indicates that OPER experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.