HDV vs VOO
iShares Core High Dividend ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. HDV delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | HDV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $15.0B | $997.4B | |
| Dividend Yield | 3.07% | 1.08% | |
| Holdings | 81 | 509 | |
| YTD Return | +24.33% | +12.38% | |
| 1Y Return | +26.26% | +20.22% | |
| 3Y Return (annualized) | +17.59% | +21.79% | |
| 5Y Return (annualized) | +12.93% | +12.84% | |
| Volatility (annualized) | 13.1% | 14.1% | |
| Max Drawdown | -37.0% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 29, 2011 | Sep 7, 2010 |
HDV vs VOO Performance
iShares Core High Dividend ETF (HDV) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HDV returned +26.26% while VOO returned +20.22%. Year to date, HDV is up 24.33% versus a gain of 12.38% for VOO.
Over three years, HDV compounded at +17.59% per year against +21.79% for VOO; over five years the annualized figures are +12.93% and +12.84% respectively. Across the full 15-year window we track, VOO has the edge at +13.45% annualized vs +8.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 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 1.08% for VOO.
Holdings Overlap
HDV and VOO share 55 holdings out of 526 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $5 per year of difference.
Which performed better, HDV or VOO?
Over the past year HDV returned +26.26% vs +20.22% for VOO, so HDV leads on 1-year performance. Over the longest common window we track (15 years), HDV annualized +8.66% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, HDV or VOO?
VOO has been the more volatile fund at 14.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDV and VOO?
HDV and VOO share 55 common holdings with a 9.6% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, HDV or VOO?
HDV yields 3.07% while VOO yields 1.08%, so HDV currently pays the higher dividend yield.
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