SPYD vs. HDV
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and iShares Core High Dividend ETF (HDV).
SPYD and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both SPYD and HDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYD or HDV.
Key characteristics
| SPYD | HDV | |
|---|---|---|
| YTD Return | 2.42% | 6.67% |
| 1Y Return | 13.37% | 12.45% |
| 3Y Return (Ann) | 3.66% | 7.63% |
| 5Y Return (Ann) | 5.48% | 6.62% |
| Sharpe Ratio | 0.79 | 1.07 |
| Daily Std Dev | 15.78% | 10.59% |
| Max Drawdown | -46.42% | -37.04% |
| Current Drawdown | -4.14% | -2.04% |
Correlation
The correlation between SPYD and HDV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPYD vs. HDV - Performance Comparison
In the year-to-date period, SPYD achieves a 2.42% return, which is significantly lower than HDV's 6.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYD vs. HDV - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is lower than HDV's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPYD vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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.
Dividends
SPYD vs. HDV - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.56%, more than HDV's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.56% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.41% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
SPYD vs. HDV - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SPYD and HDV. For additional features, visit the drawdowns tool.
Volatility
SPYD vs. HDV - Volatility Comparison
SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a higher volatility of 4.60% compared to iShares Core High Dividend ETF (HDV) at 3.16%. This indicates that SPYD'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.