SMDV vs HFRO

Comparison between PROSHARES RUSSELL 2000 DIVIDEND GROWERS ETF (SMDV, ETF) and Highland Opportunities and Income Fund (HFRO, ETF).

5-Year PerformanceSMDV has outperformed HFRO, delivering a return of +6.0% compared to +0.9%

SMDV vs HFRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMDV(ETF)	HFRO(ETF)
Net Assets	$655M	$656M
Expense Ratio	0.40%	N/A
Max Drawdown	34.45%	72.48%
Sharpe Ratio	1.03	1.93
5Y Beta	0.66	0.62
P/E Ratio	20.82	N/A
Forward P/E	15.97	N/A
PEG Ratio	0.27	N/A
5Y Dividends CAGR	7.95%	-11.54%
5Y EPS CAGR	5.83%	N/A
Debt to Equity	82.42%	N/A

Net Assets

SMDV

$655M

Winner

HFRO

$656M

Expense Ratio

SMDV

0.40%

HFRO

N/A

Max Drawdown

Winner

SMDV

34.45%

HFRO

72.48%

Sharpe Ratio

SMDV

1.03

Winner

HFRO

1.93

5Y Beta

SMDV

0.66

Winner

HFRO

0.62

P/E Ratio

SMDV

20.82

HFRO

N/A

Forward P/E

SMDV

15.97

HFRO

N/A

PEG Ratio

SMDV

0.27

HFRO

N/A

5Y Dividends CAGR

Winner

SMDV

7.95%

HFRO

-11.54%

5Y EPS CAGR

SMDV

5.83%

HFRO

N/A

Debt to Equity

SMDV

82.42%

HFRO

N/A

SMDV vs HFRO - Historical Returns

Returns include dividend reinvestment.

Period	SMDV	HFRO
1 month	+5.02%	+18.79%
3 months	+11.18%	+28.65%
6 months	+9.70%	+24.63%
1 year	+20.41%	+51.45%
5 years(CAGR)	+6.04%	+0.86%
10 years(CAGR)	+7.47%	-0.52%
Max(CAGR)	+8.02%	-0.52%

SMDV

+5.02%

Winner

HFRO

+18.79%

SMDV

+11.18%

Winner

HFRO

+28.65%

SMDV

+9.70%

Winner

HFRO

+24.63%

SMDV

+20.41%

Winner

HFRO

+51.45%

5Y(CAGR)

Winner

SMDV

+6.04%

HFRO

+0.86%

10Y(CAGR)

Winner

SMDV

+7.47%

HFRO

-0.52%

Max(CAGR)

Winner

SMDV

+8.02%

HFRO

-0.52%

SMDV vs HFRO - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	SMDV	HFRO
2026	+13.31%	+25.68%
2025	+1.71%	+22.68%
2024	+7.13%	-29.13%
2023	+8.64%	-16.57%
2022	-6.23%	+0.78%
2021	+20.72%	+14.90%
2020	-4.26%	-8.01%
2019	+18.00%	+2.92%
2018	-0.91%	-12.60%
2017	+5.11%	+1.01%
2016	+38.82%	N/A
2015	+2.43%	N/A

SMDV vs HFRO Drawdown Comparison

The maximum drawdown for SMDV was -34.12%, occurring on Mar 23, 2020. Recovery took 251 trading sessions.

The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current SMDV drawdown is -0.64%. The current HFRO drawdown is -15.17%.

Rank	SMDV	HFRO
#1	-34.12% Jan 16, 2020 - Jan 14, 2021	-52.76% Aug 17, 2022 - Apr 8, 2025
#2	-21.23% Nov 25, 2024 - Feb 6, 2026	-49.42% Jul 24, 2018 - Mar 29, 2022
#3	-18.49% Feb 3, 2023 - Dec 19, 2023	-9.70% May 6, 2022 - Aug 15, 2022
#4	-16.64% Jan 4, 2022 - Feb 2, 2023	-3.99% Nov 7, 2017 - Dec 22, 2017
#5	-13.52% Sep 21, 2018 - Feb 19, 2019	-2.92% Jan 31, 2018 - Feb 21, 2018
#6	-11.18% Mar 12, 2021 - Nov 5, 2021	-2.88% Feb 23, 2018 - Jul 11, 2018
#7	-10.59% Nov 29, 2017 - Jun 15, 2018	-2.01% Mar 31, 2022 - May 2, 2022
#8	-9.96% Dec 26, 2023 - Jul 15, 2024	-0.96% Dec 22, 2017 - Jan 4, 2018
#9	-9.79% Feb 13, 2026 - Jun 9, 2026	-0.96% Jan 9, 2018 - Jan 22, 2018
#10	-8.76% Nov 27, 2015 - Mar 3, 2016	-0.94% Jul 16, 2018 - Jul 24, 2018
#11	-8.60% Jun 23, 2015 - Oct 28, 2015	-0.76% Mar 29, 2022 - Mar 31, 2022
#12	-8.59% Jul 26, 2024 - Nov 6, 2024	-0.71% Jan 4, 2018 - Jan 9, 2018
#13	-7.65% Nov 11, 2021 - Jan 4, 2022	-0.67% May 4, 2022 - May 6, 2022
#14	-6.58% Jul 30, 2019 - Sep 11, 2019	-0.51% Jan 22, 2018 - Jan 29, 2018
#15	-5.84% Apr 26, 2017 - Jun 13, 2017	-0.31% Feb 21, 2018 - Feb 23, 2018

Correlation

Correlation between SMDV and HFRO is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.27

-101

Dividend Comparison (2015 - 2026)

SMDV vs HFRO dividend yield comparison.

Year	SMDV	HFRO
2026	0.48%	2.63%
2025	2.67%	7.73%
2024	2.68%	8.90%
2023	2.69%	12.02%
2022	2.51%	8.97%
2021	2.02%	8.41%
2020	2.13%	8.99%
2019	2.03%	7.43%
2018	1.97%	7.22%
2017	1.84%	0.99%
2016	1.35%	0.00%
2015	1.81%	0.00%