SNOU vs. HDV
SNOU (T-Rex 2X Long SNOW Daily Target ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - SNOU is a Leveraged Equities fund actively managed by T-Rex, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. SNOU is actively managed, while HDV is passively managed. Over the past year, SNOU returned 24.96% vs 25.63% for HDV. Their -0.18 correlation means they have often moved in opposite directions in the past. SNOU charges 1.50%/yr vs 0.08%/yr for HDV.
Performance
SNOU vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, SNOU achieves a 27.31% return, which is significantly higher than HDV's 20.03% return.
SNOU
- 1D
- -3.66%
- 1M
- 25.24%
- 6M
- 67.03%
- YTD
- 27.31%
- 1Y
- 24.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 77.93%
HDV
- 1D
- 0.03%
- 1M
- 2.79%
- 6M
- 10.43%
- YTD
- 20.03%
- 1Y
- 25.63%
- 3Y*
- 15.43%
- 5Y*
- 12.05%
- 10Y*
- 9.66%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $196.84M | $160.55M | $106.56M | |
| $5.27M | $4.01M | $7.58M |
SNOU vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNOU T-Rex 2X Long SNOW Daily Target ETF | 27.31% | 63.07% |
HDV iShares Core High Dividend ETF | 20.03% | 9.96% |
Correlation
The correlation between SNOU and HDV is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025 | -0.18 |
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Return for Risk
SNOU vs. HDV — Risk / Return Rank
SNOU
HDV
SNOU vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SNOW Daily Target ETF (SNOU) 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.
| SNOU | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.42 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 4.98 | -4.93 |
| Martin ratioReturn relative to average drawdown | 0.09 | 13.63 | -13.54 |
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Drawdowns
SNOU vs. HDV - Drawdown Comparison
The maximum SNOU drawdown since its inception was -84.17%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SNOU and HDV.
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Drawdown Indicators
| SNOU | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.17% | -37.04% | -47.13% |
Max Drawdown (1Y)Largest decline over 1 year | -84.17% | -5.18% | -78.99% |
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 | -24.96% | -1.41% | -23.55% |
Average DrawdownAverage peak-to-trough decline | -33.45% | -3.06% | -30.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.98% | 1.89% | +46.09% |
Volatility
SNOU vs. HDV - Volatility Comparison
T-Rex 2X Long SNOW Daily Target ETF (SNOU) has a higher volatility of 19.50% compared to iShares Core High Dividend ETF (HDV) at 4.98%. This indicates that SNOU'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
| SNOU | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.50% | 4.98% | +14.52% |
Volatility (6M)Calculated over the trailing 6-month period | 102.92% | 8.72% | +94.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.19% | 10.85% | +123.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.08% | 12.95% | +111.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.08% | 15.78% | +108.30% |
SNOU vs. HDV - Expense Ratio Comparison
SNOU has a 1.50% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
SNOU vs. HDV - Dividend Comparison
SNOU's dividend yield for the trailing twelve months is around 4.69%, more than HDV's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
SNOU T-Rex 2X Long SNOW Daily Target ETF | 4.69% | 5.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNOU and HDV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOU has higher volatility (19.50%) compared to HDV (4.98%). In terms of maximum drawdown, SNOU dropped -84.17% vs HDV's -37.04%.
On 1-year performance, HDV leads with 25.63% vs 24.96% for SNOU. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 25.63% return vs 24.96%. 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 1.50% for SNOU.
SNOU has the higher dividend yield at 4.69%, compared with 3.07% for HDV.
SNOU is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.50% for SNOU and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.39 vs 0.03), 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.
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