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RDIV vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RDIV vs. HDV

Last updated Jun 14, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, RDIV returned 11.39%/yr vs 9.47%/yr for HDV. A 0.79 correlation means they provide meaningful diversification when combined. RDIV charges 0.39%/yr vs 0.08%/yr for HDV.

Performance

RDIV vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Ultra Dividend Revenue ETF (RDIV) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RDIV achieves a 16.75% return, which is significantly higher than HDV's 15.30% return. Over the past 10 years, RDIV has outperformed HDV with an annualized return of 11.39%, while HDV has yielded a comparatively lower 9.47% annualized return.

RDIV

1D
1.52%
1M
6.52%
YTD
16.75%
6M
14.41%
1Y
32.09%
3Y*
19.66%
5Y*
11.12%
10Y*
11.39%

HDV

1D
0.87%
1M
2.05%
YTD
15.30%
6M
15.20%
1Y
21.86%
3Y*
15.16%
5Y*
10.91%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RDIV vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RDIV
Invesco S&P Ultra Dividend Revenue ETF		16.75%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%
HDV
iShares Core High Dividend ETF		15.30%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between RDIV and HDV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.79

The correlation between RDIV and HDV shifts across timeframes, from 0.62 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

RDIV vs. HDV - Sectors Allocation Comparison

Sectors
RDIV
HDV

Financial Services

17.8%
10.8%

Energy

17.3%
21.0%

Consumer Cyclical

15.0%
6.0%

Consumer Defensive

14.6%
24.2%

Communication Services

8.8%
0.1%

Real Estate

7.3%

-

Healthcare

6.8%
17.0%

Technology

6.2%
9.7%

Utilities

6.2%
8.9%

Basic Materials

0.5%
1.1%

Industrials

-

1.3%

Financial Services

RDIV
17.8%
HDV
10.8%

Energy

RDIV
17.3%
HDV
21.0%

Consumer Cyclical

RDIV
15.0%
HDV
6.0%

Consumer Defensive

RDIV
14.6%
HDV
24.2%

Communication Services

RDIV
8.8%
HDV
0.1%

Real Estate

RDIV
7.3%
HDV

-

Healthcare

RDIV
6.8%
HDV
17.0%

Technology

RDIV
6.2%
HDV
9.7%

Utilities

RDIV
6.2%
HDV
8.9%

Basic Materials

RDIV
0.5%
HDV
1.1%

Industrials

RDIV

-

HDV
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P Ultra Dividend Revenue ETF

iShares Core High Dividend ETF

Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. BKERDIV vs. VYMRDIV vs. EQQQ.DERDIV vs. SPY
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

RDIV vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RDIV
RDIV Risk / Return Rank: 8787
Overall Rank
RDIV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 8787
Sortino Ratio Rank
RDIV Omega Ratio Rank: 7979
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9494
Calmar Ratio Rank
RDIV Martin Ratio Rank: 9191
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 8080
Overall Rank
HDV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 8585
Sortino Ratio Rank
HDV Omega Ratio Rank: 7676
Omega Ratio Rank
HDV Calmar Ratio Rank: 8686
Calmar Ratio Rank
HDV Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDIV vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) 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.

RDIVHDVDifference
Sharpe ratioReturn per unit of total volatility
2.31
2.23

+0.09

Sortino ratioReturn per unit of downside risk
3.42
3.29

+0.13

Omega ratioGain probability vs. loss probability

1.40

1.38

+0.02

Calmar ratioReturn relative to maximum drawdown

6.30

4.18

+2.12

Martin ratioReturn relative to average drawdown

18.74

11.59

+7.15

RDIV vs. HDV - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.31, which is comparable to the HDV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of RDIV 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.

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Drawdowns

RDIV vs. HDV - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for RDIV and HDV.

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Drawdown Indicators

RDIVHDVDifference

Max Drawdown

Largest peak-to-trough decline

-49.97%

-37.04%

-12.93%

Max Drawdown (1Y)

Largest decline over 1 year

-4.84%

-5.18%

+0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-10.49%

-7.42%

Max Drawdown (5Y)

Largest decline over 5 years

-24.89%

-15.42%

-9.47%

Max Drawdown (10Y)

Largest decline over 10 years

-49.97%

-37.04%

-12.93%

Current Drawdown

Current decline from peak

0.00%

-0.29%

+0.29%

Average Drawdown

Average peak-to-trough decline

-5.85%

-3.08%

-2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

1.87%

-0.23%

Volatility

RDIV vs. HDV - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 3.52% compared to iShares Core High Dividend ETF (HDV) at 3.10%. This indicates that RDIV'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

RDIVHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

3.10%

+0.42%

Volatility (6M)

Calculated over the trailing 6-month period

8.64%

7.44%

+1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

13.19%

9.73%

+3.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.55%

12.83%

+4.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.88%

15.73%

+6.15%

RDIV vs. HDV - Expense Ratio Comparison

RDIV has a 0.39% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

RDIV vs. HDV - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.51%, more than HDV's 2.84% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.84%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.51%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

RDIV and HDV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (3.52%) compared to HDV (3.10%). In terms of maximum drawdown, RDIV dropped -49.97% vs HDV's -37.04%.

On 10-year performance, RDIV leads with 11.39% vs 9.47% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RDIV has performed better with a 11.39% return vs 9.47%. 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 0.39% for RDIV.

RDIV has the higher dividend yield at 3.51%, compared with 2.84% for HDV.

RDIV is categorized as Mid Cap Value Equities, while HDV is Dividend. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for RDIV and 0.08% for HDV.

RDIV currently has the higher Sharpe Ratio (2.31 vs 2.23), 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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