UDIV vs. HIDV

Last updated Jun 23, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and HIDV (AB US High Dividend ETF) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while HIDV is a Large Cap Value Equities fund actively managed by AllianceBernstein. UDIV is passively managed, while HIDV is actively managed. Over the past 3 years, UDIV returned 23.72%/yr vs 21.10%/yr for HIDV. With a 0.96 correlation, they move nearly in lockstep. UDIV charges 0.06%/yr vs 0.45%/yr for HIDV.

Performance

UDIV vs. HIDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and AB US High Dividend ETF (HIDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UDIV achieves a 13.99% return, which is significantly higher than HIDV's 10.08% return.

UDIV

• 1D: -0.31%
• 1M: 0.61%
• YTD: 13.99%
• 6M: 13.60%
• 1Y: 31.69%
• 3Y*: 23.72%
• 5Y*: 14.35%
• 10Y*: 11.75%

HIDV

• 1D: -0.62%
• 1M: -0.13%
• YTD: 10.08%
• 6M: 9.64%
• 1Y: 26.88%
• 3Y*: 21.10%
• 5Y*: —
• 10Y*: —

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

UDIV vs. HIDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UDIV Franklin U.S. Core Dividend Tilt Index ETF	13.99%	19.00%	25.61%	19.93%
HIDV AB US High Dividend ETF	10.08%	14.64%	26.01%	20.30%

Correlation

The correlation between UDIV and HIDV is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.96

The correlation between UDIV and HIDV has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

UDIV vs. HIDV — Risk / Return Rank

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

UDIV

UDIV Risk / Return Rank: 81
UDIV Sharpe Ratio Rank: 83
UDIV Sortino Ratio Rank: 80
UDIV Omega Ratio Rank: 81
UDIV Calmar Ratio Rank: 76
UDIV Martin Ratio Rank: 84

HIDV

HIDV Risk / Return Rank: 68
HIDV Sharpe Ratio Rank: 71
HIDV Sortino Ratio Rank: 71
HIDV Omega Ratio Rank: 70
HIDV Calmar Ratio Rank: 59
HIDV Martin Ratio Rank: 68

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.

UDIV vs. HIDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and AB US High Dividend ETF (HIDV). 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.

	UDIV	HIDV	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.21	+0.33
Sortino ratio: Return per unit of downside risk	3.38	3.08	+0.31
Omega ratio: Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	3.77	2.82	+0.95
Martin ratio: Return relative to average drawdown	16.60	12.12	+4.47

UDIV vs. HIDV - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.54, which is comparable to the HIDV Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of UDIV and HIDV, 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

UDIV vs. HIDV - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, which is greater than HIDV's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for UDIV and HIDV.

Drawdown Indicators

	UDIV	HIDV	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-18.76%	-16.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-9.57%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-18.76%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	—	—
Current Drawdown Current decline from peak	-1.56%	-1.74%	+0.18%
Average Drawdown Average peak-to-trough decline	-4.63%	-2.05%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.22%	-0.31%

Volatility

UDIV vs. HIDV - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 4.77% compared to AB US High Dividend ETF (HIDV) at 3.99%. This indicates that UDIV's price experiences larger fluctuations and is considered to be riskier than HIDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDIV	HIDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	3.99%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	9.54%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	12.24%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	14.57%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	14.57%	+1.73%

UDIV vs. HIDV - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than HIDV's 0.45% expense ratio.

Dividends

UDIV vs. HIDV - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.10%, less than HIDV's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HIDV AB US High Dividend ETF	2.35%	2.22%	2.29%	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.10%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both UDIV and HIDV in my portfolio?

With a correlation of 0.95, UDIV and HIDV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, UDIV or HIDV?

UDIV has higher volatility (4.77%) compared to HIDV (3.99%). In terms of maximum drawdown, UDIV dropped -35.21% vs HIDV's -18.76%.

Which ETF is better, UDIV or HIDV?

On 3-year performance, UDIV leads with 23.72% vs 21.10% for HIDV. On fees, UDIV is cheaper at 0.06% per year. On volatility, HIDV has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDIV or HIDV?

Over the 3-year period, UDIV has performed better with a 23.72% return vs 21.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDIV or HIDV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.45% for HIDV.

Which ETF pays a higher dividend yield, UDIV or HIDV?

HIDV has the higher dividend yield at 2.35%, compared with 1.10% for UDIV.

What is the main difference between UDIV and HIDV?

UDIV is categorized as Dividend, while HIDV is Large Cap Value Equities. They also come from different issuers: Franklin Templeton and AllianceBernstein. Their fees differ too: 0.06% for UDIV and 0.45% for HIDV.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.54 vs 2.21), 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.