HDV vs IVV
iShares Core High Dividend ETF vs iShares Core S&P 500 ETF
Which is better, HDV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. HDV led over 1Y, IVV over 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 52.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HDV | IVV |
|---|---|---|
| Expense Ratio | 0.08% | 0.03%Best |
| AUM | $15.6B | $876.4B |
| Dividend Yield | 3.07% | 1.06% |
| Holdings | 81 | 508 |
| YTD Return | +20.47%Best | +11.03% |
| 1Y Return | +22.73%Best | +15.62% |
| 3Y Return (annualized) | +15.86% | +20.81%Best |
| 5Y Return (annualized) | +12.49% | +12.61%Best |
| Volatility (annualized) | 13.1%Best | 14.3% |
| Max Drawdown | -37.0% | -33.9%Best |
| $10,000 over 5 years | $18,012 | $18,109Best |
| Top 10 Weight | 52.1% | 37.8%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 29, 2011 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Mar 31, 2011 to Sep 16, 2026 (15.5 years).
HDV vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.5 years both funds cover.
HDV vs IVV Performance
iShares Core High Dividend ETF (HDV) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HDV returned +22.73% while IVV returned +15.62%. Year to date, HDV is up 20.47% versus a gain of 11.03% for IVV.
Over three years, HDV compounded at +15.86% per year against +20.81% for IVV; over five years the annualized figures are +12.49% and +12.61% respectively. Across the full 16-year window we track, IVV has the edge at +12.47% annualized vs +8.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 3.07% against 1.06% for IVV.
Holdings Overlap
97.5% of HDV's money is in holdings IVV also owns. 10.1% of IVV's money is in holdings HDV also owns.
Most of HDV is already inside IVV. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 76 positions we hold weights for in HDV and 490 in IVV, against full books of 81 and 508.
What only one of them owns
Measured across the 76 and 490 positions we hold weights for.
IVV holds 427 positions HDV does not, 88.5% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%
Top Shared Holdings
| Stock | Weight in HDV | Weight in IVV | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 7.94% | 1.01% | 6.93% |
| CVXChevron Corp | 6.25% | 0.58% | 5.67% |
| ABBVAbbvie Inc. | 6.13% | 0.68% | 5.45% |
| VZVerizon Communic | 5.73% | 0.32% | 5.41% |
| PFEPfizer Inc | 4.72% | 0.24% | 4.48% |
| MRKMerck & Company Inc | 4.40% | 0.55% | 3.85% |
| PGProcter & Gamble Company | 4.42% | 0.51% | 3.91% |
| HDHome Depot Inc/The | 4.28% | 0.49% | 3.79% |
| PMPhilip Morris International Inc. | 4.24% | 0.44% | 3.80% |
| KOCoca Cola Co. | 4.03% | 0.52% | 3.51% |
97.5% of HDV is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $5 a year on a $10,000 investment.
Which performed better, HDV or IVV?
Over the past year HDV returned +22.73% vs +15.62% for IVV, so HDV leads on 1-year performance. Over the longest common window we track (16 years), HDV annualized +8.40% vs +12.47% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDV or IVV?
IVV has been the more volatile fund at 14.3% annualized versus 13.1% for HDV. Worst drawdown: HDV -37.0% vs IVV -33.9%.
Should I hold both HDV and IVV?
HDV and IVV have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HDV and IVV?
97.5% of HDV's money is in holdings IVV also owns. 10.1% of IVV's is in holdings HDV also owns. They hold 55 positions in common, counted across the 76 positions we hold weights for in HDV and 490 in IVV.
Which pays a higher dividend, HDV or IVV?
HDV yields 3.07% while IVV yields 1.06%, so HDV currently pays the higher dividend yield.
Is IVV better than HDV?
IVV has a lower expense ratio. HDV led over 1Y, IVV over 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.