RDVY vs. HIGH
RDVY (First Trust Rising Dividend Achievers ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index, while HIGH is a Derivative Income fund actively managed by Simplify. RDVY is passively managed, while HIGH is actively managed. Over the past 3 years, RDVY returned 21.86%/yr vs 2.75%/yr for HIGH. At a 0.37 correlation, their price movements are largely independent. RDVY charges 0.47%/yr vs 0.51%/yr for HIGH.
Performance
RDVY vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, RDVY achieves a 13.93% return, which is significantly higher than HIGH's -0.70% return.
RDVY
- 1D
- 0.47%
- 1M
- 4.92%
- YTD
- 13.93%
- 6M
- 11.90%
- 1Y
- 28.72%
- 3Y*
- 21.86%
- 5Y*
- 12.43%
- 10Y*
- 16.57%
HIGH
- 1D
- 0.09%
- 1M
- 0.18%
- YTD
- -0.70%
- 6M
- -1.97%
- 1Y
- -2.21%
- 3Y*
- 2.75%
- 5Y*
- —
- 10Y*
- —
RDVY vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RDVY First Trust Rising Dividend Achievers ETF | 13.93% | 18.90% | 16.41% | 20.38% | 3.28% |
HIGH Simplify Enhanced Income ETF | -0.70% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between RDVY and HIGH is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.37 |
Over the past year, RDVY and HIGH have become more correlated (0.60) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
RDVY vs. HIGH — Risk / Return Rank
RDVY
HIGH
RDVY vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Rising Dividend Achievers ETF (RDVY) and Simplify Enhanced Income ETF (HIGH). 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.
| RDVY | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.96 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.23 | +3.43 |
| Martin ratioReturn relative to average drawdown | 13.43 | -0.33 | +13.75 |
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Drawdowns
RDVY vs. HIGH - Drawdown Comparison
The maximum RDVY drawdown since its inception was -40.60%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for RDVY and HIGH.
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Drawdown Indicators
| RDVY | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -9.50% | -31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -9.50% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -19.11% | -9.50% | -9.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -7.41% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -2.45% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 6.74% | -4.60% |
Volatility
RDVY vs. HIGH - Volatility Comparison
First Trust Rising Dividend Achievers ETF (RDVY) has a higher volatility of 5.06% compared to Simplify Enhanced Income ETF (HIGH) at 1.92%. This indicates that RDVY's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDVY | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 1.92% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 3.81% | +7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 8.79% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 9.53% | +9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 9.53% | +11.57% |
RDVY vs. HIGH - Expense Ratio Comparison
RDVY has a 0.47% expense ratio, which is lower than HIGH's 0.51% expense ratio.
Dividends
RDVY vs. HIGH - Dividend Comparison
RDVY's dividend yield for the trailing twelve months is around 0.89%, less than HIGH's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 7.35% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RDVY First Trust Rising Dividend Achievers ETF | 0.89% | 1.11% | 1.64% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% |
Frequently Asked Questions
RDVY and HIGH have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDVY has higher volatility (5.06%) compared to HIGH (1.92%). In terms of maximum drawdown, RDVY dropped -40.60% vs HIGH's -9.50%.
On 3-year performance, RDVY leads with 21.86% vs 2.75% for HIGH. On fees, RDVY is cheaper at 0.47% per year. On volatility, HIGH has been the lower-risk option at 1.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RDVY has performed better with a 21.86% return vs 2.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDVY is cheaper with a 0.47% expense ratio, compared with 0.51% for HIGH.
HIGH has the higher dividend yield at 7.35%, compared with 0.89% for RDVY.
RDVY is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: First Trust and Simplify. Their fees differ too: 0.47% for RDVY and 0.51% for HIGH.
RDVY currently has the higher Sharpe Ratio (2.00 vs -0.25), 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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