USD vs. HDV
USD (ProShares Ultra Semiconductors) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, USD returned 58.18%/yr vs 8.96%/yr for HDV. At a 0.41 correlation, their price movements are largely independent. USD charges 0.95%/yr vs 0.08%/yr for HDV.
Performance
USD vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 81.18% return, which is significantly higher than HDV's 15.11% return. Over the past 10 years, USD has outperformed HDV with an annualized return of 58.18%, while HDV has yielded a comparatively lower 8.96% annualized return.
USD
- 1D
- 6.38%
- 1M
- -3.04%
- 6M
- 68.72%
- YTD
- 81.18%
- 1Y
- 145.11%
- 3Y*
- 104.08%
- 5Y*
- 63.45%
- 10Y*
- 58.18%
HDV
- 1D
- -1.04%
- 1M
- -0.16%
- 6M
- 11.85%
- YTD
- 15.11%
- 1Y
- 19.18%
- 3Y*
- 15.09%
- 5Y*
- 11.14%
- 10Y*
- 8.96%
USD vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 81.18% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
HDV iShares Core High Dividend ETF | 15.11% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between USD and HDV is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.41 |
The correlation between USD and HDV shifts across timeframes, from -0.28 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
USD vs. HDV - Sectors Allocation Comparison
Sectors
USD
HDV
Financial Services
Technology
Energy
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Healthcare
-
Industrials
-
Real Estate
-
-
Utilities
-
Financial Services
USD
HDV
Technology
USD
HDV
Energy
USD
HDV
Basic Materials
USD
-
HDV
Communication Services
USD
-
HDV
Consumer Cyclical
USD
-
HDV
Consumer Defensive
USD
-
HDV
Healthcare
USD
-
HDV
Industrials
USD
-
HDV
Real Estate
USD
-
HDV
-
Utilities
USD
-
HDV
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Return for Risk
USD vs. HDV — Risk / Return Rank
USD
HDV
USD vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 3.72 | +0.87 |
| Martin ratioReturn relative to average drawdown | 11.97 | 10.18 | +1.80 |
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Drawdowns
USD vs. HDV - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for USD and HDV.
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Drawdown Indicators
| USD | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -37.04% | -51.59% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -5.18% | -26.62% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -10.49% | -53.97% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -15.42% | -62.43% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -37.04% | -40.81% |
Current DrawdownCurrent decline from peak | -16.30% | -1.60% | -14.70% |
Average DrawdownAverage peak-to-trough decline | -32.25% | -3.07% | -29.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | 1.89% | +10.28% |
Volatility
USD vs. HDV - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 31.36% compared to iShares Core High Dividend ETF (HDV) at 4.69%. This indicates that USD'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
| USD | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.36% | 4.69% | +26.67% |
Volatility (6M)Calculated over the trailing 6-month period | 57.84% | 8.32% | +49.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.75% | 10.50% | +60.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.26% | 12.90% | +65.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.08% | 15.75% | +54.33% |
USD vs. HDV - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
USD vs. HDV - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.32%, less than HDV's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.87% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
USD ProShares Ultra Semiconductors | 0.32% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and HDV have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (31.36%) compared to HDV (4.69%). In terms of maximum drawdown, USD dropped -88.63% vs HDV's -37.04%.
On 10-year performance, USD leads with 58.18% vs 8.96% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 58.18% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.95% for USD.
HDV has the higher dividend yield at 2.87%, compared with 0.32% for USD.
USD is categorized as Leveraged Equities, while HDV is Dividend. USD tracks Dow Jones U.S. Semiconductors Index (200%), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for USD and 0.08% for HDV.
USD currently has the higher Sharpe Ratio (2.06 vs 1.84), 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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