PQDI vs. HIDV
Compare and contrast key facts about Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) and AB US High Dividend ETF (HIDV).
PQDI and HIDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PQDI is an actively managed fund by Principal. It was launched on Jun 17, 2020. HIDV is an actively managed fund by AB Funds. It was launched on Mar 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQDI or HIDV.
Correlation
The correlation between PQDI and HIDV is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PQDI vs. HIDV - Performance Comparison
Key characteristics
PQDI:
2.34
HIDV:
0.42
PQDI:
3.26
HIDV:
0.76
PQDI:
1.49
HIDV:
1.11
PQDI:
3.01
HIDV:
0.45
PQDI:
13.44
HIDV:
1.81
PQDI:
0.50%
HIDV:
4.66%
PQDI:
2.93%
HIDV:
18.58%
PQDI:
-17.41%
HIDV:
-18.76%
PQDI:
-0.05%
HIDV:
-8.65%
Returns By Period
In the year-to-date period, PQDI achieves a 1.28% return, which is significantly higher than HIDV's -5.27% return.
PQDI
1.28%
2.02%
1.33%
6.80%
N/A
N/A
HIDV
-5.27%
3.10%
-6.37%
7.78%
N/A
N/A
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PQDI vs. HIDV - Expense Ratio Comparison
PQDI has a 0.60% expense ratio, which is higher than HIDV's 0.45% expense ratio.
Risk-Adjusted Performance
PQDI vs. HIDV — Risk-Adjusted Performance Rank
PQDI
HIDV
PQDI vs. HIDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) and AB US High Dividend ETF (HIDV). 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
PQDI vs. HIDV - Dividend Comparison
PQDI's dividend yield for the trailing twelve months is around 5.02%, more than HIDV's 2.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
PQDI Principal Spectrum Tax-Advantaged Dividend Active ETF | 5.02% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% |
HIDV AB US High Dividend ETF | 2.42% | 2.29% | 2.23% | 0.00% | 0.00% | 0.00% |
Drawdowns
PQDI vs. HIDV - Drawdown Comparison
The maximum PQDI drawdown since its inception was -17.41%, smaller than the maximum HIDV drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for PQDI and HIDV. For additional features, visit the drawdowns tool.
Volatility
PQDI vs. HIDV - Volatility Comparison
The current volatility for Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) is 0.93%, while AB US High Dividend ETF (HIDV) has a volatility of 6.62%. This indicates that PQDI experiences smaller price fluctuations and is considered to be less risky than HIDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.