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SDOG vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SDOG vs. HDV

Last updated Jun 24, 2026

SDOG (ALPS Sector Dividend Dogs ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - SDOG is a Large Cap Value Equities fund tracking the S-Network Sector Dividend Dogs Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, SDOG returned 9.96%/yr vs 9.45%/yr for HDV. Their correlation of 0.86 suggests significant overlap in exposure. SDOG charges 0.36%/yr vs 0.08%/yr for HDV.

Performance

SDOG vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Sector Dividend Dogs ETF (SDOG) 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, SDOG achieves a 14.96% return, which is significantly higher than HDV's 14.07% return. Over the past 10 years, SDOG has outperformed HDV with an annualized return of 9.96%, while HDV has yielded a comparatively lower 9.45% annualized return.

SDOG

1D
0.47%
1M
1.24%
YTD
14.96%
6M
14.84%
1Y
24.50%
3Y*
16.57%
5Y*
9.50%
10Y*
9.96%

HDV

1D
1.33%
1M
-1.35%
YTD
14.07%
6M
14.08%
1Y
21.06%
3Y*
15.48%
5Y*
11.09%
10Y*
9.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SDOG vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SDOG
ALPS Sector Dividend Dogs ETF		14.96%11.12%14.70%4.19%-0.20%24.59%-0.35%24.02%-11.43%12.65%
HDV
iShares Core High Dividend ETF		14.07%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between SDOG and HDV is 0.71, 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

0.71

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

0.80

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

0.84

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

0.85

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2012

0.86

The correlation between SDOG and HDV shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

SDOG vs. HDV - Sectors Allocation Comparison

Sectors
SDOG
HDV

Consumer Cyclical

16.3%
9.2%

Technology

16.2%
0.2%

Financial Services

10.6%
4.7%

Healthcare

9.8%
22.6%

Consumer Defensive

9.5%
24.5%

Utilities

9.2%
8.1%

Energy

9.1%
20.2%

Communication Services

8.4%
5.7%

Industrials

7.5%
3.5%

Basic Materials

3.5%
0.8%

Real Estate

-

-

Consumer Cyclical

SDOG
16.3%
HDV
9.2%

Technology

SDOG
16.2%
HDV
0.2%

Financial Services

SDOG
10.6%
HDV
4.7%

Healthcare

SDOG
9.8%
HDV
22.6%

Consumer Defensive

SDOG
9.5%
HDV
24.5%

Utilities

SDOG
9.2%
HDV
8.1%

Energy

SDOG
9.1%
HDV
20.2%

Communication Services

SDOG
8.4%
HDV
5.7%

Industrials

SDOG
7.5%
HDV
3.5%

Basic Materials

SDOG
3.5%
HDV
0.8%

Real Estate

SDOG

-

HDV

-

Compare stocks, funds, or ETFs

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

ALPS Sector Dividend Dogs ETF

iShares Core High Dividend ETF

Often compared with SDOG:
SDOG vs. SCHDSDOG vs. SPYSDOG vs. CDLSDOG vs. SDYSDOG vs. VOOSDOG vs. VIGSDOG vs. DIVO
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

SDOG vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDOG
SDOG Risk / Return Rank: 7272
Overall Rank
SDOG Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SDOG Sortino Ratio Rank: 7575
Sortino Ratio Rank
SDOG Omega Ratio Rank: 6565
Omega Ratio Rank
SDOG Calmar Ratio Rank: 8080
Calmar Ratio Rank
SDOG Martin Ratio Rank: 7171
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7070
Overall Rank
HDV Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7373
Sortino Ratio Rank
HDV Omega Ratio Rank: 6262
Omega Ratio Rank
HDV Calmar Ratio Rank: 8181
Calmar Ratio Rank
HDV Martin Ratio Rank: 6464
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.

SDOG vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Sector Dividend Dogs ETF (SDOG) 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.

SDOGHDVDifference
Sharpe ratioReturn per unit of total volatility
2.12
2.13

-0.01

Sortino ratioReturn per unit of downside risk
3.18
3.13

+0.06

Omega ratioGain probability vs. loss probability

1.37

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

3.95

4.09

-0.14

Martin ratioReturn relative to average drawdown

12.53

11.19

+1.34

SDOG vs. HDV - Sharpe Ratio Comparison

The current SDOG Sharpe Ratio is 2.12, which is comparable to the HDV Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of SDOG 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

SDOG vs. HDV - Drawdown Comparison

The maximum SDOG drawdown since its inception was -43.56%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SDOG and HDV.

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Drawdown Indicators

SDOGHDVDifference

Max Drawdown

Largest peak-to-trough decline

-43.56%

-37.04%

-6.52%

Max Drawdown (1Y)

Largest decline over 1 year

-6.24%

-5.18%

-1.06%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-10.49%

-5.51%

Max Drawdown (5Y)

Largest decline over 5 years

-19.84%

-15.42%

-4.42%

Max Drawdown (10Y)

Largest decline over 10 years

-43.56%

-37.04%

-6.52%

Current Drawdown

Current decline from peak

-1.85%

-1.35%

-0.50%

Average Drawdown

Average peak-to-trough decline

-4.90%

-3.08%

-1.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

1.89%

+0.07%

Volatility

SDOG vs. HDV - Volatility Comparison

ALPS Sector Dividend Dogs ETF (SDOG) and iShares Core High Dividend ETF (HDV) have volatilities of 3.71% and 3.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SDOGHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.71%

3.64%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

8.18%

7.61%

+0.57%

Volatility (1Y)

Calculated over the trailing 1-year period

11.60%

9.93%

+1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.37%

12.81%

+2.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.02%

15.73%

+3.29%

SDOG vs. HDV - Expense Ratio Comparison

SDOG has a 0.36% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

SDOG vs. HDV - Dividend Comparison

SDOG's dividend yield for the trailing twelve months is around 3.49%, more than HDV's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.90%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
SDOG
ALPS Sector Dividend Dogs ETF		3.49%3.68%3.86%4.29%3.87%3.62%3.63%3.37%4.03%3.27%3.32%3.61%

Frequently Asked Questions

SDOG and HDV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SDOG has higher volatility (3.71%) compared to HDV (3.64%). In terms of maximum drawdown, SDOG dropped -43.56% vs HDV's -37.04%.

On 10-year performance, SDOG leads with 9.96% vs 9.45% for HDV. On fees, HDV is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SDOG has performed better with a 9.96% return vs 9.45%. 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 0.36% for SDOG.

SDOG has the higher dividend yield at 3.49%, compared with 2.90% for HDV.

SDOG is categorized as Large Cap Value Equities, while HDV is Dividend. SDOG tracks S-Network Sector Dividend Dogs Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: SS&C and iShares. Their fees differ too: 0.36% for SDOG and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.13 vs 2.12), 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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