SNPS vs. HDV
SNPS (Synopsys, Inc.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, SNPS returned 21.79%/yr vs 9.66%/yr for HDV. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
SNPS vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, SNPS achieves a -17.24% return, which is significantly lower than HDV's 20.03% return. Over the past 10 years, SNPS has outperformed HDV with an annualized return of 21.79%, while HDV has yielded a comparatively lower 9.66% annualized return.
SNPS
- 1D
- 4.41%
- 1M
- -11.07%
- 6M
- -16.42%
- YTD
- -17.24%
- 1Y
- -37.16%
- 3Y*
- -5.01%
- 5Y*
- 6.18%
- 10Y*
- 21.79%
- ALL TIME*
- 12.32%
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 | |
SNPS Synopsys, Inc. | $855.69M | $776.35M | $917.41M |
SNPS vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNPS Synopsys, Inc. | -17.24% | -3.22% | -5.74% | 61.27% | -13.35% | 42.15% | 86.24% | 65.24% | -1.17% | 44.82% |
HDV iShares Core High Dividend ETF | 20.03% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between SNPS and HDV is -0.10, 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. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.36 |
The correlation between SNPS and HDV shifts across timeframes, from -0.10 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SNPS vs. HDV — Risk / Return Rank
SNPS
HDV
SNPS vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Synopsys, Inc. (SNPS) 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.
| SNPS | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.42 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 4.98 | -5.91 |
| Martin ratioReturn relative to average drawdown | -1.38 | 13.63 | -15.01 |
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Drawdowns
SNPS vs. HDV - Drawdown Comparison
The maximum SNPS drawdown since its inception was -60.95%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SNPS and HDV.
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Drawdown Indicators
| SNPS | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.95% | -37.04% | -23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -41.46% | -5.18% | -36.28% |
Max Drawdown (3Y)Largest decline over 3 years | -42.31% | -10.49% | -31.82% |
Max Drawdown (5Y)Largest decline over 5 years | -42.31% | -15.42% | -26.89% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | -37.04% | -5.27% |
Current DrawdownCurrent decline from peak | -39.76% | -1.41% | -38.35% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -3.06% | -17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.06% | 1.89% | +26.17% |
Volatility
SNPS vs. HDV - Volatility Comparison
Synopsys, Inc. (SNPS) has a higher volatility of 12.83% compared to iShares Core High Dividend ETF (HDV) at 4.98%. This indicates that SNPS'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
| SNPS | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.83% | 4.98% | +7.85% |
Volatility (6M)Calculated over the trailing 6-month period | 31.31% | 8.72% | +22.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.70% | 10.85% | +45.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.22% | 12.95% | +28.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.31% | 15.78% | +19.53% |
Dividends
SNPS vs. HDV - Dividend Comparison
SNPS has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.07%.
| 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% |
SNPS Synopsys, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNPS and HDV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNPS has higher volatility (12.83%) compared to HDV (4.98%). In terms of maximum drawdown, SNPS dropped -60.95% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.39 vs -0.68), 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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