QNDX vs. HDV
QNDX (SPDR Portfolio Nasdaq 100 ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - QNDX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Their -0.58 correlation means they have often moved in opposite directions in the past. QNDX charges 0.10%/yr vs 0.08%/yr for HDV.
Performance
QNDX vs. HDV - Performance Comparison
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Returns By Period
QNDX
- 1D
- -0.86%
- 1M
- -0.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HDV
- 1D
- -0.24%
- 1M
- 3.72%
- 6M
- 7.30%
- YTD
- 19.66%
- 1Y
- 24.30%
- 3Y*
- 15.80%
- 5Y*
- 12.00%
- 10Y*
- 9.57%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.70M | $171.89M | $116.16M | |
| $14.09M | $14.07M | $12.53M |
QNDX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.41% |
HDV iShares Core High Dividend ETF | 4.90% |
Correlation
The correlation between QNDX and HDV is -0.58, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026 | -0.58 |
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Return for Risk
QNDX vs. HDV — Risk / Return Rank
QNDX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDV
QNDX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) 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.
| QNDX | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.71 | — |
| Martin ratioReturn relative to average drawdown | — | 12.85 | — |
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Drawdowns
QNDX vs. HDV - Drawdown Comparison
The maximum QNDX drawdown since its inception was -10.10%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for QNDX and HDV.
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Drawdown Indicators
| QNDX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.10% | -37.04% | +26.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.18% | — |
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 | -2.57% | -1.72% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -3.06% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.90% | — |
Volatility
QNDX vs. HDV - Volatility Comparison
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Volatility by Period
| QNDX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 10.80% | +14.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 12.94% | +12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 15.78% | +9.20% |
QNDX vs. HDV - Expense Ratio Comparison
QNDX has a 0.10% 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
QNDX vs. HDV - Dividend Comparison
QNDX has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.08% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QNDX and HDV have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDV is cheaper with a 0.08% expense ratio, compared with 0.10% for QNDX.
HDV has the higher dividend yield at 3.08%, compared with 0.00% for QNDX.
QNDX is categorized as Nasdaq-100, while HDV is Dividend. QNDX tracks Nasdaq-100 Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for QNDX and 0.08% for HDV.
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