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 23.07%/yr vs 9.07%/yr for HDV. At a 0.37 correlation, their price movements are largely independent.
Performance
SNPS vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, SNPS achieves a -7.64% return, which is significantly lower than HDV's 16.32% return. Over the past 10 years, SNPS has outperformed HDV with an annualized return of 23.07%, while HDV has yielded a comparatively lower 9.07% annualized return.
SNPS
- 1D
- -2.62%
- 1M
- -4.42%
- 6M
- -18.67%
- YTD
- -7.64%
- 1Y
- -22.43%
- 3Y*
- -1.51%
- 5Y*
- 9.22%
- 10Y*
- 23.07%
HDV
- 1D
- 0.83%
- 1M
- 0.89%
- 6M
- 14.11%
- YTD
- 16.32%
- 1Y
- 20.23%
- 3Y*
- 15.49%
- 5Y*
- 11.37%
- 10Y*
- 9.07%
SNPS vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNPS Synopsys, Inc. | -7.64% | -3.22% | -5.74% | 61.27% | -13.35% | 42.15% | 86.24% | 65.24% | -1.17% | 44.82% |
HDV iShares Core High Dividend ETF | 16.32% | 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 -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.37 |
The correlation between SNPS and HDV shifts across timeframes, from -0.07 (1 year) to 0.37 (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 | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 3.92 | -4.47 |
| Martin ratioReturn relative to average drawdown | -0.82 | 10.74 | -11.56 |
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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 | -41.04% | -5.18% | -35.86% |
Max Drawdown (3Y)Largest decline over 3 years | -41.04% | -10.49% | -30.55% |
Max Drawdown (5Y)Largest decline over 5 years | -41.04% | -15.42% | -25.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.04% | -37.04% | -4.00% |
Current DrawdownCurrent decline from peak | -32.78% | -0.57% | -32.21% |
Average DrawdownAverage peak-to-trough decline | -20.31% | -3.07% | -17.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.46% | 1.89% | +25.57% |
Volatility
SNPS vs. HDV - Volatility Comparison
Synopsys, Inc. (SNPS) has a higher volatility of 7.66% compared to iShares Core High Dividend ETF (HDV) at 4.56%. 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 | 7.66% | 4.56% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 8.27% | +22.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.58% | 10.46% | +46.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.92% | 12.89% | +28.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.14% | 15.75% | +19.39% |
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 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.84% | 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 -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNPS has higher volatility (7.66%) compared to HDV (4.56%). In terms of maximum drawdown, SNPS dropped -60.95% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (1.95 vs -0.40), 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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