SPOT vs. HDV
SPOT (Spotify Technology S.A.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 5 years, SPOT returned 11.51%/yr vs 11.09%/yr for HDV. At a 0.14 correlation, their price movements are largely independent.
Performance
SPOT vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -21.56% return, which is significantly lower than HDV's 14.07% return.
SPOT
- 1D
- -0.84%
- 1M
- -12.38%
- YTD
- -21.56%
- 6M
- -21.38%
- 1Y
- -37.70%
- 3Y*
- 42.48%
- 5Y*
- 11.51%
- 10Y*
- —
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%
SPOT vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -21.56% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
HDV iShares Core High Dividend ETF | 14.07% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | 4.49% |
Correlation
The correlation between SPOT and HDV is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.14 |
The correlation between SPOT and HDV shifts across timeframes, from -0.04 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPOT vs. HDV — Risk / Return Rank
SPOT
HDV
SPOT vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) 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.
| SPOT | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.36 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 4.09 | -4.89 |
| Martin ratioReturn relative to average drawdown | -1.36 | 11.19 | -12.54 |
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Drawdowns
SPOT vs. HDV - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SPOT and HDV.
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Drawdown Indicators
| SPOT | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -37.04% | -43.47% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -5.18% | -41.62% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -10.49% | -36.31% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -15.42% | -60.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -41.29% | -1.35% | -39.94% |
Average DrawdownAverage peak-to-trough decline | -30.89% | -3.08% | -27.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.85% | 1.89% | +25.96% |
Volatility
SPOT vs. HDV - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 11.25% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that SPOT'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
| SPOT | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 3.64% | +7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 37.35% | 7.61% | +29.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.48% | 9.93% | +35.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.59% | 12.81% | +34.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.33% | 15.73% | +31.60% |
Dividends
SPOT vs. HDV - Dividend Comparison
SPOT has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPOT Spotify Technology S.A. | 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
SPOT and HDV have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (11.25%) compared to HDV (3.64%). In terms of maximum drawdown, SPOT dropped -80.51% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.13 vs -0.83), 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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