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XITK vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XITK vs. HDV

Last updated Jul 17, 2026
Documentation

XITK (SPDR FactSet Innovative Technology ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - XITK is a Technology Equities fund tracking the FactSet Innovative Technology Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, XITK returned 12.77%/yr vs 9.28%/yr for HDV. At a 0.30 correlation, their price movements are largely independent. XITK charges 0.45%/yr vs 0.08%/yr for HDV.

Performance

XITK vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) 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, XITK achieves a 2.43% return, which is significantly lower than HDV's 18.49% return. Over the past 10 years, XITK has outperformed HDV with an annualized return of 12.77%, while HDV has yielded a comparatively lower 9.28% annualized return.

XITK

1D
-2.62%
1M
-5.67%
6M
2.27%
YTD
2.43%
1Y
-1.66%
3Y*
8.89%
5Y*
-3.10%
10Y*
12.77%

HDV

1D
2.57%
1M
3.57%
6M
13.53%
YTD
18.49%
1Y
23.14%
3Y*
16.44%
5Y*
11.92%
10Y*
9.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XITK vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XITK
SPDR FactSet Innovative Technology ETF		2.43%2.53%19.12%45.87%-47.45%-11.24%90.22%36.98%7.60%36.01%
HDV
iShares Core High Dividend ETF		18.49%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between XITK and HDV is -0.14, 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

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2016

0.30

The correlation between XITK and HDV shifts across timeframes, from -0.14 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

XITK vs. HDV - Sectors Allocation Comparison

Sectors
XITK
HDV

Technology

82.4%
0.2%

Communication Services

10.4%
5.2%

Healthcare

3.1%
23.7%

Industrials

1.6%
3.6%

Financial Services

1.3%
4.8%

Consumer Cyclical

0.8%
9.2%

Real Estate

0.4%

-

Basic Materials

-

0.8%

Consumer Defensive

-

24.5%

Energy

-

19.6%

Utilities

-

8.2%

Technology

XITK
82.4%
HDV
0.2%

Communication Services

XITK
10.4%
HDV
5.2%

Healthcare

XITK
3.1%
HDV
23.7%

Industrials

XITK
1.6%
HDV
3.6%

Financial Services

XITK
1.3%
HDV
4.8%

Consumer Cyclical

XITK
0.8%
HDV
9.2%

Real Estate

XITK
0.4%
HDV

-

Basic Materials

XITK

-

HDV
0.8%

Consumer Defensive

XITK

-

HDV
24.5%

Energy

XITK

-

HDV
19.6%

Utilities

XITK

-

HDV
8.2%

Compare stocks, funds, or ETFs

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

SPDR FactSet Innovative Technology ETF

iShares Core High Dividend ETF

Often compared with XITK:
XITK vs. ARKKXITK vs. ARKWXITK vs. VGTXITK vs. WAMVXXITK vs. XNTKXITK vs. SCAPXITK vs. FSCSX
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

XITK vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XITK
XITK Risk / Return Rank: 99
Overall Rank
XITK Sharpe Ratio Rank: 99
Sharpe Ratio Rank
XITK Sortino Ratio Rank: 99
Sortino Ratio Rank
XITK Omega Ratio Rank: 99
Omega Ratio Rank
XITK Calmar Ratio Rank: 99
Calmar Ratio Rank
XITK Martin Ratio Rank: 99
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 8585
Overall Rank
HDV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 8888
Sortino Ratio Rank
HDV Omega Ratio Rank: 8181
Omega Ratio Rank
HDV Calmar Ratio Rank: 9191
Calmar Ratio Rank
HDV Martin Ratio Rank: 8181
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.

XITK vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.

XITKHDVDifference
Sharpe ratioReturn per unit of total volatility
-0.06
2.17

-2.23

Sortino ratioReturn per unit of downside risk
0.12
3.28

-3.16

Omega ratioGain probability vs. loss probability

1.01

1.38

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.06

4.49

-4.55

Martin ratioReturn relative to average drawdown

-0.13

12.27

-12.40

XITK vs. HDV - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is -0.06, which is lower than the HDV Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of XITK 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

XITK vs. HDV - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for XITK and HDV.

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Drawdown Indicators

XITKHDVDifference

Max Drawdown

Largest peak-to-trough decline

-65.56%

-37.04%

-28.52%

Max Drawdown (1Y)

Largest decline over 1 year

-28.03%

-5.18%

-22.85%

Max Drawdown (3Y)

Largest decline over 3 years

-28.18%

-10.49%

-17.69%

Max Drawdown (5Y)

Largest decline over 5 years

-61.53%

-15.42%

-46.11%

Max Drawdown (10Y)

Largest decline over 10 years

-65.56%

-37.04%

-28.52%

Current Drawdown

Current decline from peak

-30.16%

0.00%

-30.16%

Average Drawdown

Average peak-to-trough decline

-22.13%

-3.07%

-19.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.36%

1.89%

+10.47%

Volatility

XITK vs. HDV - Volatility Comparison

SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 9.66% compared to iShares Core High Dividend ETF (HDV) at 5.12%. This indicates that XITK'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

XITKHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.66%

5.12%

+4.54%

Volatility (6M)

Calculated over the trailing 6-month period

24.80%

8.63%

+16.17%

Volatility (1Y)

Calculated over the trailing 1-year period

28.67%

10.72%

+17.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.03%

12.95%

+20.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.66%

15.77%

+13.89%

XITK vs. HDV - Expense Ratio Comparison

XITK has a 0.45% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

XITK vs. HDV - Dividend Comparison

XITK has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.11%.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.11%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
XITK
SPDR FactSet Innovative Technology ETF		0.00%0.00%0.00%0.08%0.11%0.00%0.06%0.14%1.50%1.74%1.88%0.00%

Frequently Asked Questions

XITK and HDV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XITK has higher volatility (9.66%) compared to HDV (5.12%). In terms of maximum drawdown, XITK dropped -65.56% vs HDV's -37.04%.

On 10-year performance, XITK leads with 12.77% vs 9.28% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XITK has performed better with a 12.77% return vs 9.28%. 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 0.45% for XITK.

HDV has the higher dividend yield at 3.11%, compared with 0.00% for XITK.

XITK is categorized as Technology Equities, while HDV is Dividend. XITK tracks FactSet Innovative Technology Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for XITK and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.17 vs -0.06), 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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