PSWD vs. HDV

Last updated Aug 2, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 3 years, PSWD returned 17.15%/yr vs 15.43%/yr for HDV. Their 0.13 correlation means their historical movements had little consistent relationship. PSWD charges 0.20%/yr vs 0.08%/yr for HDV.

Performance

PSWD vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) 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, PSWD achieves a 26.31% return, which is significantly higher than HDV's 20.03% return.

PSWD

• 1D: 1.28%
• 1M: -1.30%
• 6M: 26.74%
• YTD: 26.31%
• 1Y: 20.73%
• 3Y*: 17.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.24%

HDV

• 1D: 0.03%
• 1M: 2.79%
• 6M: 10.43%
• YTD: 20.03%
• 1Y: 25.63%
• 3Y*: 15.43%
• 5Y*: 12.05%
• 10Y*: 9.66%
• ALL TIME*: 10.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HDV iShares Core High Dividend ETF	$196.84M	$160.55M	$106.56M
PSWD Xtrackers Cybersecurity Select Equity ETF	$62.12K	$66.88K	$71.33K

PSWD vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	26.31%	1.69%	9.46%	18.58%
HDV iShares Core High Dividend ETF	20.03%	11.90%	14.16%	2.93%

Correlation

The correlation between PSWD and HDV is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.14
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.13

The correlation between PSWD and HDV shifts across timeframes, from -0.14 (1 year) to 0.13 (3 years), reflecting how their relationship changes across market environments.

PSWD vs. HDV - Sectors Allocation Comparison

Sectors	PSWD	HDV
Technology	98.1%	0.9%
Industrials	1.1%	2.8%
Real Estate	0.4%	-
Communication Services	0.1%	5.2%
Financial Services	0.1%	4.7%
Consumer Cyclical	0.1%	9.3%
Healthcare	0.1%	23.9%
Consumer Defensive	0.0%	24.3%
Energy	0.0%	19.8%
Utilities	0.0%	8.2%
Basic Materials	0.0%	0.8%

Return for Risk

PSWD vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSWD

PSWD Risk / Return Rank: 27
PSWD Sharpe Ratio Rank: 28
PSWD Sortino Ratio Rank: 29
PSWD Omega Ratio Rank: 28
PSWD Calmar Ratio Rank: 26
PSWD Martin Ratio Rank: 23

HDV

HDV Risk / Return Rank: 92
HDV Sharpe Ratio Rank: 92
HDV Sortino Ratio Rank: 93
HDV Omega Ratio Rank: 90
HDV Calmar Ratio Rank: 94
HDV Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSWD vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) 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.

	PSWD	HDV	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.39	-1.70
Sortino ratio: Return per unit of downside risk	1.09	3.58	-2.49
Omega ratio: Gain probability vs. loss probability	1.14	1.42	-0.28
Calmar ratio: Return relative to maximum drawdown	0.79	4.98	-4.18
Martin ratio: Return relative to average drawdown	1.78	13.63	-11.85

PSWD vs. HDV - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.69, which is lower than the HDV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of PSWD 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

PSWD vs. HDV - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for PSWD and HDV.

Drawdown Indicators

	PSWD	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-37.04%	+13.34%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-5.18%	-18.52%
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	-10.49%	-13.21%
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	-6.86%	-1.41%	-5.45%
Average Drawdown Average peak-to-trough decline	-6.43%	-3.06%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	1.89%	+8.66%

Volatility

PSWD vs. HDV - Volatility Comparison

Xtrackers Cybersecurity Select Equity ETF (PSWD) has a higher volatility of 8.88% compared to iShares Core High Dividend ETF (HDV) at 4.98%. This indicates that PSWD'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

	PSWD	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	4.98%	+3.90%
Volatility (6M) Calculated over the trailing 6-month period	23.02%	8.72%	+14.30%
Volatility (1Y) Calculated over the trailing 1-year period	27.31%	10.85%	+16.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.05%	12.95%	+11.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.05%	15.78%	+8.27%

PSWD vs. HDV - Expense Ratio Comparison

PSWD 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%.

Dividends

PSWD vs. HDV - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.62%, less than HDV's 3.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	3.07%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.62%	0.88%	1.49%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSWD and HDV in my portfolio?

PSWD and HDV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSWD or HDV?

PSWD has higher volatility (8.88%) compared to HDV (4.98%). In terms of maximum drawdown, PSWD dropped -23.70% vs HDV's -37.04%.

Which ETF is better, PSWD or HDV?

On 3-year performance, PSWD leads with 17.15% vs 15.43% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or HDV?

Over the 3-year period, PSWD has performed better with a 17.15% return vs 15.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.20% for PSWD.

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

HDV has the higher dividend yield at 3.07%, compared with 0.62% for PSWD.

What is the main difference between PSWD and HDV?

PSWD is categorized as Technology Equities, while HDV is Dividend. PSWD tracks Solactive Cyber Security ESG Screened Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for PSWD and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.39 vs 0.69), 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.