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VLLU vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLLU vs. HDV

Last updated Jun 24, 2026

VLLU (Harbor AlphaEdge Large Cap Value ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - VLLU is a Large Cap Value Equities fund tracking the Harbor AlphaEdge Large Cap Value Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past year, VLLU returned 24.32% vs 21.06% for HDV. A 0.57 correlation means they provide meaningful diversification when combined. VLLU charges 0.25%/yr vs 0.08%/yr for HDV.

Performance

VLLU vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Large Cap Value ETF (VLLU) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VLLU achieves a 11.38% return, which is significantly lower than HDV's 14.07% return.

VLLU

1D
-1.09%
1M
2.18%
YTD
11.38%
6M
10.08%
1Y
24.32%
3Y*
—
5Y*
—
10Y*
—

HDV

1D
1.33%
1M
-1.35%
YTD
14.07%
6M
14.08%
1Y
21.06%
3Y*
15.48%
5Y*
11.09%
10Y*
9.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VLLU vs. HDV - Yearly Performance Comparison

2026 (YTD)20252024
VLLU
Harbor AlphaEdge Large Cap Value ETF		11.38%17.35%1.89%
HDV
iShares Core High Dividend ETF		14.07%11.90%-2.66%

Correlation

The correlation between VLLU and HDV is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Sep 5, 2024

0.57

The correlation between VLLU and HDV shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

VLLU vs. HDV - Sectors Allocation Comparison

Sectors
VLLU
HDV

Technology

26.6%
0.2%

Financial Services

22.2%
4.7%

Healthcare

13.1%
22.6%

Industrials

9.8%
3.5%

Energy

7.3%
20.2%

Consumer Defensive

6.4%
24.5%

Consumer Cyclical

5.4%
9.2%

Communication Services

5.0%
5.7%

Basic Materials

3.7%
0.8%

Utilities

0.6%
8.1%

Real Estate

-

-

Technology

VLLU
26.6%
HDV
0.2%

Financial Services

VLLU
22.2%
HDV
4.7%

Healthcare

VLLU
13.1%
HDV
22.6%

Industrials

VLLU
9.8%
HDV
3.5%

Energy

VLLU
7.3%
HDV
20.2%

Consumer Defensive

VLLU
6.4%
HDV
24.5%

Consumer Cyclical

VLLU
5.4%
HDV
9.2%

Communication Services

VLLU
5.0%
HDV
5.7%

Basic Materials

VLLU
3.7%
HDV
0.8%

Utilities

VLLU
0.6%
HDV
8.1%

Real Estate

VLLU

-

HDV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Harbor AlphaEdge Large Cap Value ETF

iShares Core High Dividend ETF

Often compared with VLLU:
VLLU vs. PRXVVLLU vs. BNKDVLLU vs. DBOVLLU vs. CBSEVLLU vs. VLUEVLLU vs. SPYVVLLU vs. GDIV
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

VLLU vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VLLU
VLLU Risk / Return Rank: 7777
Overall Rank
VLLU Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VLLU Sortino Ratio Rank: 7878
Sortino Ratio Rank
VLLU Omega Ratio Rank: 7171
Omega Ratio Rank
VLLU Calmar Ratio Rank: 8181
Calmar Ratio Rank
VLLU Martin Ratio Rank: 7979
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7070
Overall Rank
HDV Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7373
Sortino Ratio Rank
HDV Omega Ratio Rank: 6262
Omega Ratio Rank
HDV Calmar Ratio Rank: 8181
Calmar Ratio Rank
HDV Martin Ratio Rank: 6464
Martin Ratio Rank
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.

VLLU vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Large Cap Value ETF (VLLU) 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.

VLLUHDVDifference
Sharpe ratioReturn per unit of total volatility
2.18
2.13

+0.05

Sortino ratioReturn per unit of downside risk
3.14
3.13

+0.02

Omega ratioGain probability vs. loss probability

1.38

1.36

+0.02

Calmar ratioReturn relative to maximum drawdown

3.86

4.09

-0.23

Martin ratioReturn relative to average drawdown

13.98

11.19

+2.79

VLLU vs. HDV - Sharpe Ratio Comparison

The current VLLU Sharpe Ratio is 2.18, which is comparable to the HDV Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of VLLU 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.

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Drawdowns

VLLU vs. HDV - Drawdown Comparison

The maximum VLLU drawdown since its inception was -16.62%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for VLLU and HDV.

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Drawdown Indicators

VLLUHDVDifference

Max Drawdown

Largest peak-to-trough decline

-16.62%

-37.04%

+20.42%

Max Drawdown (1Y)

Largest decline over 1 year

-6.33%

-5.18%

-1.15%

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

-1.20%

-1.35%

+0.15%

Average Drawdown

Average peak-to-trough decline

-2.41%

-3.08%

+0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

1.89%

-0.15%

Volatility

VLLU vs. HDV - Volatility Comparison

Harbor AlphaEdge Large Cap Value ETF (VLLU) has a higher volatility of 3.94% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that VLLU'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

VLLUHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

3.64%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

8.46%

7.61%

+0.85%

Volatility (1Y)

Calculated over the trailing 1-year period

11.23%

9.93%

+1.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.82%

12.81%

+2.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.82%

15.73%

-0.91%

VLLU vs. HDV - Expense Ratio Comparison

VLLU has a 0.25% expense ratio, which is higher than HDV's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VLLU vs. HDV - Dividend Comparison

VLLU's dividend yield for the trailing twelve months is around 1.36%, less than HDV's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.90%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
VLLU
Harbor AlphaEdge Large Cap Value ETF		1.36%1.52%0.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VLLU and HDV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLLU has higher volatility (3.94%) compared to HDV (3.64%). In terms of maximum drawdown, VLLU dropped -16.62% vs HDV's -37.04%.

On 1-year performance, VLLU leads with 24.32% vs 21.06% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, VLLU has performed better with a 24.32% return vs 21.06%. 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 0.25% for VLLU.

HDV has the higher dividend yield at 2.90%, compared with 1.36% for VLLU.

VLLU is categorized as Large Cap Value Equities, while HDV is Dividend. VLLU tracks Harbor AlphaEdge Large Cap Value Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.25% for VLLU and 0.08% for HDV.

VLLU currently has the higher Sharpe Ratio (2.18 vs 2.13), 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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