PLTY vs. HDV
PLTY (YieldMax PLTR Option Income Strategy ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - PLTY is a Derivative Income fund actively managed by YieldMax, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. PLTY is actively managed, while HDV is passively managed. Over the past year, PLTY returned -14.92% vs 21.06% for HDV. At a correlation of -0.06, they often move in opposite directions. PLTY charges 0.99%/yr vs 0.08%/yr for HDV.
Performance
PLTY vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, PLTY achieves a -26.92% return, which is significantly lower than HDV's 14.07% return.
PLTY
- 1D
- -2.42%
- 1M
- -12.09%
- YTD
- -26.92%
- 6M
- -32.83%
- 1Y
- -14.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 1.33%
- 1M
- -1.35%
- YTD
- 14.07%
- 6M
- 14.08%
- 1Y
- 21.06%
- 3Y*
- 15.48%
- 5Y*
- 11.09%
- 10Y*
- 9.45%
PLTY vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTY YieldMax PLTR Option Income Strategy ETF | -26.92% | 78.06% | 52.50% |
HDV iShares Core High Dividend ETF | 14.07% | 11.90% | -3.81% |
Correlation
The correlation between PLTY and HDV is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024 | -0.06 |
The correlation between PLTY and HDV shifts across timeframes, from -0.17 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PLTY vs. HDV — Risk / Return Rank
PLTY
HDV
PLTY vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) 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.
| PLTY | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.36 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 4.09 | -4.49 |
| Martin ratioReturn relative to average drawdown | -0.79 | 11.19 | -11.97 |
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Drawdowns
PLTY vs. HDV - Drawdown Comparison
The maximum PLTY drawdown since its inception was -36.62%, roughly equal to the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for PLTY and HDV.
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Drawdown Indicators
| PLTY | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -37.04% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -5.18% | -31.44% |
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 | -36.62% | -1.35% | -35.27% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -3.08% | -10.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.00% | 1.89% | +17.11% |
Volatility
PLTY vs. HDV - Volatility Comparison
YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 16.40% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that PLTY'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
| PLTY | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 3.64% | +12.76% |
Volatility (6M)Calculated over the trailing 6-month period | 32.73% | 7.61% | +25.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.35% | 9.93% | +33.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.67% | 12.81% | +39.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.67% | 15.73% | +36.94% |
PLTY vs. HDV - Expense Ratio Comparison
PLTY has a 0.99% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
PLTY vs. HDV - Dividend Comparison
PLTY's dividend yield for the trailing twelve months is around 125.34%, more than HDV's 2.90% yield.
| 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% |
PLTY YieldMax PLTR Option Income Strategy ETF | 125.34% | 112.44% | 7.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTY and HDV have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTY has higher volatility (16.40%) compared to HDV (3.64%). In terms of maximum drawdown, PLTY dropped -36.62% vs HDV's -37.04%.
On 1-year performance, HDV leads with 21.06% vs -14.92% for PLTY. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 21.06% return vs -14.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.99% for PLTY.
PLTY has the higher dividend yield at 125.34%, compared with 2.90% for HDV.
PLTY is categorized as Derivative Income, while HDV is Dividend. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for PLTY and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.13 vs -0.35), 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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