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XOVR vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XOVR vs. HDV

Last updated Jun 23, 2026

XOVR (ERShares Private-Public Crossover ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - XOVR is a Large Cap Growth Equities fund actively managed by ERShares, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. XOVR is actively managed, while HDV is passively managed. Over the past 5 years, XOVR returned 4.34%/yr vs 10.90%/yr for HDV. At a 0.33 correlation, their price movements are largely independent. XOVR charges 0.75%/yr vs 0.08%/yr for HDV.

Performance

XOVR vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ERShares Private-Public Crossover ETF (XOVR) 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, XOVR achieves a -1.49% return, which is significantly lower than HDV's 12.57% return.

XOVR

1D
-4.20%
1M
1.59%
YTD
-1.49%
6M
-3.22%
1Y
9.80%
3Y*
18.26%
5Y*
4.34%
10Y*
—

HDV

1D
0.15%
1M
-2.65%
YTD
12.57%
6M
12.67%
1Y
19.54%
3Y*
14.97%
5Y*
10.90%
10Y*
9.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XOVR vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XOVR
ERShares Private-Public Crossover ETF		-1.49%11.83%33.21%51.89%-41.09%-7.24%50.39%31.72%-5.02%1.54%
HDV
iShares Core High Dividend ETF		12.57%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%6.01%

Correlation

The correlation between XOVR 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

0.10

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

0.27

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2017

0.33

The correlation between XOVR and HDV shifts across timeframes, from -0.14 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

XOVR vs. HDV - Sectors Allocation Comparison

Sectors
XOVR
HDV

Technology

33.7%
0.2%

Communication Services

26.7%
5.7%

Healthcare

17.1%
22.6%

Financial Services

9.1%
4.7%

Industrials

7.0%
3.5%

Consumer Cyclical

6.5%
9.2%

Energy

3.1%
20.2%

Basic Materials

-

0.8%

Consumer Defensive

-

24.5%

Real Estate

-

-

Utilities

-

8.1%

Technology

XOVR
33.7%
HDV
0.2%

Communication Services

XOVR
26.7%
HDV
5.7%

Healthcare

XOVR
17.1%
HDV
22.6%

Financial Services

XOVR
9.1%
HDV
4.7%

Industrials

XOVR
7.0%
HDV
3.5%

Consumer Cyclical

XOVR
6.5%
HDV
9.2%

Energy

XOVR
3.1%
HDV
20.2%

Basic Materials

XOVR

-

HDV
0.8%

Consumer Defensive

XOVR

-

HDV
24.5%

Real Estate

XOVR

-

HDV

-

Utilities

XOVR

-

HDV
8.1%

Compare stocks, funds, or ETFs

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

ERShares Private-Public Crossover ETF

iShares Core High Dividend ETF

Often compared with XOVR:
XOVR vs. QQQXOVR vs. ARKVXXOVR vs. VOOXOVR vs. ARKXXOVR vs. SPYXOVR vs. DXYZXOVR vs. ARKK
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

XOVR vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XOVR
XOVR Risk / Return Rank: 1414
Overall Rank
XOVR Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
XOVR Sortino Ratio Rank: 1414
Sortino Ratio Rank
XOVR Omega Ratio Rank: 1515
Omega Ratio Rank
XOVR Calmar Ratio Rank: 1212
Calmar Ratio Rank
XOVR Martin Ratio Rank: 1212
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 6464
Overall Rank
HDV Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 6666
Sortino Ratio Rank
HDV Omega Ratio Rank: 5757
Omega Ratio Rank
HDV Calmar Ratio Rank: 7777
Calmar Ratio Rank
HDV Martin Ratio Rank: 6060
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.

XOVR vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERShares Private-Public Crossover ETF (XOVR) 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.

XOVRHDVDifference
Sharpe ratioReturn per unit of total volatility
0.45
1.99

-1.55

Sortino ratioReturn per unit of downside risk
0.75
2.92

-2.17

Omega ratioGain probability vs. loss probability

1.09

1.34

-0.25

Calmar ratioReturn relative to maximum drawdown

0.40

3.79

-3.39

Martin ratioReturn relative to average drawdown

0.89

10.39

-9.50

XOVR vs. HDV - Sharpe Ratio Comparison

The current XOVR Sharpe Ratio is 0.45, which is lower than the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of XOVR 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

XOVR vs. HDV - Drawdown Comparison

The maximum XOVR drawdown since its inception was -56.28%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for XOVR and HDV.

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Drawdown Indicators

XOVRHDVDifference

Max Drawdown

Largest peak-to-trough decline

-56.28%

-37.04%

-19.24%

Max Drawdown (1Y)

Largest decline over 1 year

-24.32%

-5.18%

-19.14%

Max Drawdown (3Y)

Largest decline over 3 years

-25.23%

-10.49%

-14.74%

Max Drawdown (5Y)

Largest decline over 5 years

-49.35%

-15.42%

-33.93%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-8.61%

-2.65%

-5.96%

Average Drawdown

Average peak-to-trough decline

-18.34%

-3.08%

-15.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.05%

1.89%

+9.16%

Volatility

XOVR vs. HDV - Volatility Comparison

ERShares Private-Public Crossover ETF (XOVR) has a higher volatility of 10.63% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that XOVR'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

XOVRHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.63%

3.37%

+7.26%

Volatility (6M)

Calculated over the trailing 6-month period

17.44%

7.52%

+9.92%

Volatility (1Y)

Calculated over the trailing 1-year period

22.14%

9.87%

+12.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.47%

12.80%

+13.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.00%

15.74%

+11.26%

XOVR vs. HDV - Expense Ratio Comparison

XOVR has a 0.75% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

XOVR vs. HDV - Dividend Comparison

XOVR has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.94%.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.94%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
XOVR
ERShares Private-Public Crossover ETF		0.00%0.00%0.00%0.00%0.00%57.75%6.31%0.08%3.71%0.08%0.00%0.00%

Frequently Asked Questions

XOVR 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.

XOVR has higher volatility (10.63%) compared to HDV (3.37%). In terms of maximum drawdown, XOVR dropped -56.28% vs HDV's -37.04%.

On 5-year performance, HDV leads with 10.90% vs 4.34% for XOVR. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HDV has performed better with a 10.90% return vs 4.34%. 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 0.75% for XOVR.

HDV has the higher dividend yield at 2.94%, compared with 0.00% for XOVR.

XOVR is categorized as Large Cap Growth Equities, while HDV is Dividend. They also come from different issuers: ERShares and iShares. Their fees differ too: 0.75% for XOVR and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (1.99 vs 0.45), 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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