HDV vs VTI
iShares Core High Dividend ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, HDV or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. HDV led over 1Y and 5Y, VTI over 3Y and the full window.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.08% | 0.03%Best |
| AUM | $15.6B | $666.9B |
| Dividend Yield | 3.07% | 1.03% |
| Holdings | 81 | 3,543 |
| YTD Return | +21.02%Best | +11.65% |
| 1Y Return | +23.30%Best | +17.34% |
| 3Y Return (annualized) | +16.33% | +20.35%Best |
| 5Y Return (annualized) | +12.66%Best | +11.72% |
| Volatility (annualized) | 13.1%Best | 14.7% |
| Max Drawdown | -37.0% | -35.0%Best |
| $10,000 over 5 years | $18,149Best | $17,404 |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 29, 2011 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 31, 2011 to Sep 10, 2026 (15.4 years).
HDV vs VTI 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 15.4 years both funds cover.
HDV vs VTI Performance
iShares Core High Dividend ETF (HDV) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year HDV returned +23.30% while VTI returned +17.34%. Year to date, HDV is up 21.02% versus a gain of 11.65% for VTI.
Over three years, HDV compounded at +16.33% per year against +20.35% for VTI; over five years the annualized figures are +12.66% and +11.72% respectively. Across the full 15-year window we track, VTI has the edge at +12.13% annualized vs +8.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 14.7% 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HDV charges 0.08% per year while VTI 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 1.03% for VTI.
Holdings Overlap
At least 98.4% of HDV's money is in holdings VTI also owns.
Stated as a floor: for VTI, our book for it covers 90.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of HDV is already inside VTI. Owning both mostly buys the same companies twice.
The two holdings books were reported 62 days apart, HDV as of Aug 31, 2026 and VTI as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
66 positions in common, counted across the 76 positions we hold weights for in HDV and 2,787 in VTI, against full books of 81 and 3,543.
Top Shared Holdings
| Stock | Weight in HDV | Weight in VTI | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 7.94% | 0.78% | 7.16% |
| ABBVAbbvie Inc. | 6.13% | 0.61% | 5.52% |
| CVXChevron Corp. | 6.25% | 0.43% | 5.82% |
| VZVerizon Communications, Inc. | 5.73% | 0.22% | 5.51% |
| PFEPfizer, Inc. | 4.72% | 0.19% | 4.53% |
| PGProcter & Gamble Company | 4.42% | 0.47% | 3.95% |
| MRKMerck & Co. Inc. | 4.40% | 0.44% | 3.96% |
| HDHome Depot Inc/The | 4.28% | 0.48% | 3.80% |
| PMPhilip Morris International Inc. | 4.24% | 0.39% | 3.85% |
| KOCoca Cola Co. | 4.03% | 0.38% | 3.65% |
98.4% of HDV is already inside VTI.
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 VTI?
HDV has an expense ratio of 0.08% while VTI charges 0.03%. VTI is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, HDV or VTI?
Over the past year HDV returned +23.30% vs +17.34% for VTI, so HDV leads on 1-year performance. Over the longest common window we track (15 years), HDV annualized +8.44% vs +12.13% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDV or VTI?
VTI has been the more volatile fund at 14.7% annualized versus 13.1% for HDV. Worst drawdown: HDV -37.0% vs VTI -35.0%.
Should I hold both HDV and VTI?
HDV and VTI have a monthly-return correlation of 0.74, 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 VTI?
At least 98.4% of HDV's money is in holdings VTI also owns. Our book for VTI is partial, so the real figure is this or higher. They hold 66 positions in common, counted across the 76 positions we hold weights for in HDV and 2,787 in VTI.
Which pays a higher dividend, HDV or VTI?
HDV yields 3.07% while VTI yields 1.03%, so HDV currently pays the higher dividend yield.
Is VTI better than HDV?
VTI has a lower expense ratio. HDV led over 1Y and 5Y, VTI over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.