HDV vs IVV
HDV vs IVV
iShares Core High Dividend ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HDV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HDV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $14.7B | $865.2B | |
| Dividend Yield | 2.90% | 1.09% | |
| Holdings | 81 | 508 | |
| YTD Return | +19.38% | +9.93% | |
| 1Y Return | +25.65% | +19.59% | |
| 3Y Return (annualized) | +15.44% | +19.41% | |
| 5Y Return (annualized) | +12.10% | +12.89% | |
| Volatility (annualized) | 13.1% | 15.1% | |
| Max Drawdown | -37.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 29, 2011 | May 15, 2000 |
HDV vs IVV Performance
iShares Core High Dividend ETF (HDV) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HDV returned +25.65% while IVV returned +19.59%. Year to date, HDV is up 19.38% versus a gain of 9.93% for IVV.
Over three years, HDV compounded at +15.44% per year against +19.41% for IVV; over five years the annualized figures are +12.10% and +12.89% respectively. Across the full 15-year window we track, HDV has the edge at +8.41% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.1% for HDV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.0% for HDV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HDV charges 0.08% per year while IVV charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, HDV currently yields 2.90% against 1.09% for IVV.
Holdings Overlap
HDV and IVV share 56 holdings out of 525 unique holdings combined, representing a 9.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HDV | Weight in IVV | Difference |
|---|---|---|---|
| XOM | 7.17% | 0.97% | 6.20% |
| ABBV | 6.49% | 0.70% | 5.79% |
| CVX | 5.43% | 0.55% | 4.88% |
| VZ | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| PM | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| PFE | Pro | Pro | Pro |
See all 10 holdings HDV shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HDV or IVV?
HDV has an expense ratio of 0.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, HDV or IVV?
Over the past year HDV returned +25.65% vs +19.59% for IVV, so HDV leads on 1-year performance. Over the longest common window we track (15 years), HDV annualized +8.41% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, HDV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.1% for HDV. Worst drawdown: HDV -37.0% vs IVV -56.5%.
Should I hold both HDV and IVV?
HDV and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDV and IVV?
HDV and IVV share 56 common holdings with a 9.9% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, HDV or IVV?
HDV yields 2.90% while IVV yields 1.09%, so HDV currently pays the higher dividend yield.
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