SMDV vs. HIDV
SMDV (ProShares Russell 2000 Dividend Growers ETF) and HIDV (AB US High Dividend ETF) are both exchange-traded funds - SMDV is a Small Cap Blend Equities fund tracking the Russell 2000 Dividend Growth Index, while HIDV is a Large Cap Value Equities fund actively managed by AllianceBernstein. SMDV is passively managed, while HIDV is actively managed. Over the past 3 years, SMDV returned 10.43%/yr vs 22.30%/yr for HIDV. A 0.69 correlation means they provide meaningful diversification when combined. SMDV charges 0.40%/yr vs 0.45%/yr for HIDV.
Performance
SMDV vs. HIDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMDV achieves a 10.34% return, which is significantly lower than HIDV's 11.35% return.
SMDV
- 1D
- 1.41%
- 1M
- -0.34%
- YTD
- 10.34%
- 6M
- 9.74%
- 1Y
- 16.31%
- 3Y*
- 10.43%
- 5Y*
- 4.17%
- 10Y*
- 7.13%
HIDV
- 1D
- 0.36%
- 1M
- 4.19%
- YTD
- 11.35%
- 6M
- 12.26%
- 1Y
- 29.26%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
SMDV vs. HIDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 10.34% | 0.26% | 7.03% | 12.68% |
HIDV AB US High Dividend ETF | 11.35% | 14.64% | 26.01% | 22.21% |
Correlation
The correlation between SMDV and HIDV is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023 | 0.69 |
The correlation between SMDV and HIDV has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMDV vs. HIDV — Risk / Return Rank
SMDV
HIDV
SMDV vs. HIDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) and AB US High Dividend ETF (HIDV). 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.
| SMDV | HIDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.45 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.07 | -1.40 |
| Martin ratioReturn relative to average drawdown | 5.04 | 13.38 | -8.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SMDV | HIDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.47 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.63 | -1.24 |
Drawdowns
SMDV vs. HIDV - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, which is greater than HIDV's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for SMDV and HIDV.
Loading charts...
Drawdown Indicators
| SMDV | HIDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -18.76% | -15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -9.57% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -18.76% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -0.60% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -2.05% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.19% | +1.06% |
Volatility
SMDV vs. HIDV - Volatility Comparison
ProShares Russell 2000 Dividend Growers ETF (SMDV) has a higher volatility of 4.42% compared to AB US High Dividend ETF (HIDV) at 2.88%. This indicates that SMDV's price experiences larger fluctuations and is considered to be riskier than HIDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMDV | HIDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 2.88% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 9.03% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 11.90% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 14.51% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 14.51% | +6.22% |
SMDV vs. HIDV - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is lower than HIDV's 0.45% expense ratio.
Dividends
SMDV vs. HIDV - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.38%, more than HIDV's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIDV AB US High Dividend ETF | 2.26% | 2.22% | 2.29% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.38% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
Frequently Asked Questions
SMDV and HIDV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMDV has higher volatility (4.42%) compared to HIDV (2.88%). In terms of maximum drawdown, SMDV dropped -34.12% vs HIDV's -18.76%.
On 3-year performance, HIDV leads with 22.30% vs 10.43% for SMDV. On fees, SMDV is cheaper at 0.40% per year. On volatility, HIDV has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HIDV has performed better with a 22.30% return vs 10.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMDV is cheaper with a 0.40% expense ratio, compared with 0.45% for HIDV.
SMDV has the higher dividend yield at 2.38%, compared with 2.26% for HIDV.
SMDV is categorized as Small Cap Blend Equities, while HIDV is Large Cap Value Equities. They also come from different issuers: ProShares and AllianceBernstein. Their fees differ too: 0.40% for SMDV and 0.45% for HIDV.
HIDV currently has the higher Sharpe Ratio (2.47 vs 1.03), 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.
Find the right allocation for SMDV and HIDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer