HDV vs VOO
iShares Core High Dividend ETF vs Vanguard S&P 500 ETF
Which is better, HDV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. HDV led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% 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 | VOO |
|---|---|---|
| Expense Ratio | 0.08% | 0.03%Best |
| AUM | $15.6B | $997.4B |
| Dividend Yield | 3.07% | 1.04% |
| Holdings | 81 | 509 |
| YTD Return | +22.06%Best | +11.98% |
| 1Y Return | +24.45%Best | +16.45% |
| 3Y Return (annualized) | +16.42% | +21.19%Best |
| 5Y Return (annualized) | +12.84% | +12.95%Best |
| Volatility (annualized) | 13.1%Best | 14.2% |
| Max Drawdown | -37.0% | -34.3%Best |
| $10,000 over 5 years | $18,294 | $18,384Best |
| Top 10 Weight | 52.1% | 37.6%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 29, 2011 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Mar 31, 2011 to Sep 14, 2026 (15.5 years).
HDV vs VOO 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 VOO Performance
iShares Core High Dividend ETF (HDV) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HDV returned +24.45% while VOO returned +16.45%. Year to date, HDV is up 22.06% versus a gain of 11.98% for VOO.
Over three years, HDV compounded at +16.42% per year against +21.19% for VOO; over five years the annualized figures are +12.84% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +12.57% annualized vs +8.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 VOO 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 1.04% for VOO.
Holdings Overlap
96.8% of HDV's money is in holdings VOO also owns. 10.0% of VOO's money is in holdings HDV also owns.
Most of HDV is already inside VOO. Owning both mostly buys the same companies twice.
52 positions in common, counted across the 76 positions we hold weights for in HDV and 494 in VOO, against full books of 81 and 509.
What only one of them owns
Measured across the 76 and 494 positions we hold weights for.
VOO holds 435 positions HDV does not, 89.2% of the fund.
Largest: NVDA 7.55%, AAPL 7.05%, MSFT 5.36%, AMZN 4.13%, GOOGL 3.24%
Top Shared Holdings
| Stock | Weight in HDV | Weight in VOO | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 7.94% | 1.00% | 6.94% |
| CVXChevron Corp | 6.25% | 0.57% | 5.68% |
| ABBVAbbvie Inc. | 6.13% | 0.69% | 5.44% |
| VZVerizon Communic | 5.73% | 0.30% | 5.43% |
| PFEPfizer Inc | 4.72% | 0.22% | 4.50% |
| PGProcter & Gamble Company | 4.42% | 0.52% | 3.90% |
| MRKMerck & Company Inc | 4.40% | 0.50% | 3.90% |
| HDHome Depot Inc/The | 4.28% | 0.51% | 3.77% |
| PMPhilip Morris International Inc. | 4.24% | 0.46% | 3.78% |
| KOCoca Cola Co. | 4.03% | 0.53% | 3.50% |
96.8% of HDV is already inside VOO.
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 VOO?
HDV has an expense ratio of 0.08% while VOO charges 0.03%. VOO is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, HDV or VOO?
Over the past year HDV returned +24.45% vs +16.45% for VOO, so HDV leads on 1-year performance. Over the longest common window we track (16 years), HDV annualized +8.49% vs +12.57% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDV or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 13.1% for HDV. Worst drawdown: HDV -37.0% vs VOO -34.3%.
Should I hold both HDV and VOO?
HDV and VOO 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 VOO?
96.8% of HDV's money is in holdings VOO also owns. 10.0% of VOO's is in holdings HDV also owns. They hold 52 positions in common, counted across the 76 positions we hold weights for in HDV and 494 in VOO.
Which pays a higher dividend, HDV or VOO?
HDV yields 3.07% while VOO yields 1.04%, so HDV currently pays the higher dividend yield.
Is VOO better than HDV?
VOO has a lower expense ratio. HDV led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% 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.