HIDV vs SPY
HIDV vs SPY
AB US High Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. HIDV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | HIDV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $203M | $789.1B | |
| Dividend Yield | 2.40% | 1.01% | |
| Holdings | 111 | 505 | |
| YTD Return | +14.79% | +13.10% | |
| 1Y Return | +25.32% | +22.80% | |
| 3Y Return (annualized) | +20.83% | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 12.5% | 15.3% | |
| Max Drawdown | -18.8% | -56.5% | |
| Fund Family | AllianceBernstein L.P. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 22, 2023 | Jan 22, 1993 |
HIDV vs SPY Performance
AB US High Dividend ETF (HIDV) is a ETF from AllianceBernstein L.P. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HIDV returned +25.32% while SPY returned +22.80%. Year to date, HIDV is up 14.79% versus a gain of 13.10% for SPY.
Over three years, HIDV compounded at +20.83% per year against +20.98% for SPY. Across the full 3-year window we track, HIDV has the edge at +23.45% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.5% for HIDV. 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 -18.8% for HIDV and -56.5% for SPY. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HIDV charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, HIDV currently yields 2.40% against 1.01% for SPY.
Holdings Overlap
HIDV and SPY share 56 holdings out of 552 unique holdings combined, representing a 42.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HIDV | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 8.33% | 7.31% | 1.02% |
| AAPL | 8.17% | 7.09% | 1.08% |
| MSFT | 3.58% | 4.43% | 0.85% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings HIDV shares with SPY 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, HIDV or SPY?
HIDV has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, HIDV or SPY?
Over the past year HIDV returned +25.32% vs +22.80% for SPY, so HIDV leads on 1-year performance. Over the longest common window we track (3 years), HIDV annualized +23.45% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, HIDV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.5% for HIDV. Worst drawdown: HIDV -18.8% vs SPY -56.5%.
Should I hold both HIDV and SPY?
HIDV and SPY have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HIDV and SPY?
HIDV and SPY share 56 common holdings with a 42.7% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, HIDV or SPY?
HIDV yields 2.40% while SPY yields 1.01%, so HIDV currently pays the higher dividend yield.
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