UDI vs. HDV

Last updated Jun 4, 2026

UDI (USCF ESG Dividend Income Fund) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - UDI is a Large Cap Value Equities fund actively managed by USCF Advisers, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. UDI is actively managed, while HDV is passively managed. Over the past 3 years, UDI returned 16.39%/yr vs 14.94%/yr for HDV. A 0.79 correlation means they provide meaningful diversification when combined. UDI charges 0.65%/yr vs 0.08%/yr for HDV.

Performance

UDI vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) 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, UDI achieves a 9.46% return, which is significantly lower than HDV's 12.69% return.

UDI

• 1D: -0.16%
• 1M: 1.43%
• YTD: 9.46%
• 6M: 11.05%
• 1Y: 21.78%
• 3Y*: 16.39%
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.37%
• 1M: 0.29%
• YTD: 12.69%
• 6M: 12.16%
• 1Y: 20.35%
• 3Y*: 14.94%
• 5Y*: 10.32%
• 10Y*: 9.26%

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

UDI vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UDI USCF ESG Dividend Income Fund	9.46%	14.23%	17.07%	6.35%	3.81%
HDV iShares Core High Dividend ETF	12.69%	11.90%	14.16%	1.72%	-1.25%

Correlation

The correlation between UDI and HDV is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022	0.79

The correlation between UDI and HDV has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

UDI vs. HDV - Sectors Allocation Comparison

Sectors	UDI	HDV
Financial Services	29.5%	11.1%
Healthcare	16.8%	16.5%
Energy	11.9%	22.3%
Real Estate	8.7%	-
Utilities	8.3%	9.2%
Technology	6.8%	8.2%
Communication Services	6.1%	0.1%
Basic Materials	4.2%	1.2%
Consumer Defensive	2.9%	24.1%
Industrials	2.5%	1.4%
Consumer Cyclical	2.4%	6.1%

Return for Risk

UDI vs. HDV — Risk / Return Rank

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

UDI

UDI Risk / Return Rank: 70
UDI Sharpe Ratio Rank: 65
UDI Sortino Ratio Rank: 67
UDI Omega Ratio Rank: 61
UDI Calmar Ratio Rank: 77
UDI Martin Ratio Rank: 77

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 61
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 76
HDV Martin Ratio Rank: 61

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.

UDI vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) 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.

	UDI	HDV	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.10	+0.05
Sortino ratio: Return per unit of downside risk	3.07	3.11	-0.04
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	3.87	3.95	-0.08
Martin ratio: Return relative to average drawdown	14.72	11.02	+3.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDI vs. HDV - Sharpe Ratio Comparison

The current UDI Sharpe Ratio is 2.15, which is comparable to the HDV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of UDI 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.

Sharpe Ratios by Period

	UDI	HDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.10	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.72	+0.20

Drawdowns

UDI vs. HDV - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for UDI and HDV.

Drawdown Indicators

	UDI	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-37.04%	+22.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-5.18%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-10.49%	-3.68%
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	-0.97%	-2.54%	+1.57%
Average Drawdown Average peak-to-trough decline	-3.07%	-3.09%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.85%	-0.37%

Volatility

UDI vs. HDV - Volatility Comparison

The current volatility for USCF ESG Dividend Income Fund (UDI) is 2.67%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.19%. This indicates that UDI experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDI	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	3.19%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	7.56%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	9.73%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	12.82%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.04%	15.73%	-1.69%

UDI vs. HDV - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

UDI vs. HDV - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.49%, less than HDV's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.91%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
UDI USCF ESG Dividend Income Fund	2.49%	2.42%	5.33%	2.61%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UDI and HDV in my portfolio?

UDI and HDV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDI or HDV?

HDV has higher volatility (3.19%) compared to UDI (2.67%). In terms of maximum drawdown, UDI dropped -14.17% vs HDV's -37.04%.

Which ETF is better, UDI or HDV?

On 3-year performance, UDI leads with 16.39% vs 14.94% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, UDI has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDI or HDV?

Over the 3-year period, UDI has performed better with a 16.39% return vs 14.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDI or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.65% for UDI.

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

HDV has the higher dividend yield at 2.91%, compared with 2.49% for UDI.

What is the main difference between UDI and HDV?

UDI is categorized as Large Cap Value Equities, while HDV is Dividend. They also come from different issuers: USCF Advisers and iShares. Their fees differ too: 0.65% for UDI and 0.08% for HDV.

Which has better risk-adjusted returns?

UDI currently has the higher Sharpe Ratio (2.15 vs 2.10), 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.