HDV’s worst drop since 2011 was 37%
iShares Core High Dividend ETF (HDV) fell 37% from Dec 2019 to Mar 2020. It took 1.2 years from that peak to close at a new high, in Mar 2021. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 136th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2011 to now
How HDV held up in each crash
| Crash | Years | HDV | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −37.0% | −33.7% |
| 2022 rate shock | 2022 | −15.4% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how HDV behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was HDV’s maximum drawdown?
HDV’s deepest fall since 2011 was 37.0%, from its high on December 23, 2019 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did HDV take to recover?
1.2 years. HDV first closed above its Dec 2019 high again on March 8, 2021.
Was HDV riskier than the S&P 500?
Over the same years, HDV’s worst drop was 37.0% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −31.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, April 1, 2011 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.