TEK vs. HDV

Last updated Jun 23, 2026

TEK (iShares Technology Opportunities Active ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - TEK is a Technology Equities fund actively managed by iShares, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. TEK is actively managed, while HDV is passively managed. Over the past year, TEK returned 66.47% vs 19.54% for HDV. At a correlation of -0.06, they often move in opposite directions. TEK charges 0.75%/yr vs 0.08%/yr for HDV.

Performance

TEK vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Technology Opportunities Active ETF (TEK) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEK achieves a 44.09% return, which is significantly higher than HDV's 12.57% return.

TEK

• 1D: 0.05%
• 1M: 9.52%
• YTD: 44.09%
• 6M: 43.89%
• 1Y: 66.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.15%
• 1M: -2.65%
• YTD: 12.57%
• 6M: 12.67%
• 1Y: 19.54%
• 3Y*: 14.97%
• 5Y*: 10.90%
• 10Y*: 9.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEK vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TEK iShares Technology Opportunities Active ETF	44.09%	18.63%	2.63%
HDV iShares Core High Dividend ETF	12.57%	11.90%	-4.31%

Correlation

The correlation between TEK and HDV is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	-0.06

The correlation between TEK and HDV shifts across timeframes, from -0.17 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

TEK vs. HDV - Sectors Allocation Comparison

Sectors	TEK	HDV
Technology	85.9%	0.2%
Communication Services	6.1%	5.7%
Consumer Cyclical	4.0%	9.2%
Industrials	2.8%	3.5%
Basic Materials	0.9%	0.8%
Financial Services	0.4%	4.7%
Consumer Defensive	-	24.5%
Energy	-	20.2%
Healthcare	-	22.6%
Real Estate	-	-
Utilities	-	8.1%

Return for Risk

TEK vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEK

TEK Risk / Return Rank: 68
TEK Sharpe Ratio Rank: 76
TEK Sortino Ratio Rank: 66
TEK Omega Ratio Rank: 68
TEK Calmar Ratio Rank: 71
TEK Martin Ratio Rank: 58

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 62
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 77
HDV Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEK vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Technology Opportunities Active ETF (TEK) 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.

	TEK	HDV	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.99	+0.34
Sortino ratio: Return per unit of downside risk	2.91	2.92	-0.01
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	3.46	3.79	-0.33
Martin ratio: Return relative to average drawdown	9.84	10.39	-0.55

TEK vs. HDV - Sharpe Ratio Comparison

The current TEK Sharpe Ratio is 2.33, which is comparable to the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of TEK and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEK vs. HDV - Drawdown Comparison

The maximum TEK drawdown since its inception was -28.24%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for TEK and HDV.

Drawdown Indicators

	TEK	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-37.04%	+8.80%
Max Drawdown (1Y) Largest decline over 1 year	-19.29%	-5.18%	-14.11%
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 Drawdown Current decline from peak	0.00%	-2.65%	+2.65%
Average Drawdown Average peak-to-trough decline	-5.87%	-3.08%	-2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.78%	1.89%	+4.89%

Volatility

TEK vs. HDV - Volatility Comparison

iShares Technology Opportunities Active ETF (TEK) has a higher volatility of 14.38% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that TEK'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.

Volatility by Period

	TEK	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.38%	3.37%	+11.01%
Volatility (6M) Calculated over the trailing 6-month period	24.31%	7.52%	+16.79%
Volatility (1Y) Calculated over the trailing 1-year period	28.69%	9.87%	+18.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	12.80%	+17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.47%	15.74%	+14.73%

TEK vs. HDV - Expense Ratio Comparison

TEK has a 0.75% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

TEK vs. HDV - Dividend Comparison

TEK's dividend yield for the trailing twelve months is around 1.10%, less than HDV's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.94%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
TEK iShares Technology Opportunities Active ETF	1.10%	1.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEK and HDV in my portfolio?

TEK and HDV have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEK or HDV?

TEK has higher volatility (14.38%) compared to HDV (3.37%). In terms of maximum drawdown, TEK dropped -28.24% vs HDV's -37.04%.

Which ETF is better, TEK or HDV?

On 1-year performance, TEK leads with 66.47% vs 19.54% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEK or HDV?

Over the 1-year period, TEK has performed better with a 66.47% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEK or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.75% for TEK.

Which ETF pays a higher dividend yield, TEK or HDV?

HDV has the higher dividend yield at 2.94%, compared with 1.10% for TEK.

What is the main difference between TEK and HDV?

TEK is categorized as Technology Equities, while HDV is Dividend. Their fees differ too: 0.75% for TEK and 0.08% for HDV.

Which has better risk-adjusted returns?

TEK currently has the higher Sharpe Ratio (2.33 vs 1.99), 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.