HIDV vs QLTY
AB US High Dividend ETF vs GMO US Quality ETF
Which is better, HIDV or QLTY?
QLTY has been ahead.
HIDV has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. HIDV is less concentrated, with 34.8% of the fund in its ten largest positions against 44.9%.
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 | HIDV | QLTY |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.50% |
| AUM | $200M | $5.2B |
| Dividend Yield | 2.23% | 0.70% |
| Holdings | 108 | 90 |
| YTD Return | +12.98% | +14.67%Best |
| 1Y Return | +18.40% | +21.58%Best |
| 3Y Return (annualized) | +21.53% | +22.07%Best |
| Volatility (annualized) | 11.6%Best | 11.9% |
| Max Drawdown | -18.8% | -17.0%Best |
| $10,000 over 2.9 years | $17,536 | $17,831Best |
| Top 10 Weight | 34.8%Best | 44.9% |
| Fund Family | AllianceBernstein L.P. | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 22, 2023 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 13, 2026 (2.9 years).
HIDV vs QLTY 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 2.9 years both funds cover.
HIDV vs QLTY Performance
AB US High Dividend ETF (HIDV) is an ETF from AllianceBernstein L.P. and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year HIDV returned +18.40% while QLTY returned +21.58%. Year to date, HIDV is up 12.98% versus a gain of 14.67% for QLTY.
Over three years, HIDV compounded at +21.53% per year against +22.07% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.6% 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 -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HIDV charges 0.35% per year while QLTY charges 0.50%. On a $10,000 position that is $35 vs $50 annually, a gap of $15 per year that compounds over a long holding period. On income, HIDV currently yields 2.23% against 0.70% for QLTY.
Holdings Overlap
34.8% of HIDV's money is in holdings QLTY also owns. 55.1% of QLTY's money is in holdings HIDV also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 105 positions we hold weights for in HIDV and 44 in QLTY, against full books of 108 and 90.
What only one of them owns
Our book lists 29 positions for QLTY that do not appear in our book for HIDV (44.9% of the fund), and 84 for HIDV that do not appear in QLTY (61.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HIDV | Weight in QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 4.88% | 7.70% | 2.82% |
| AAPLApple, Inc | 6.84% | 4.80% | 2.04% |
| NVDANvidia Corp | 8.04% | 2.50% | 5.54% |
| GOOGLAlphabet Inc,class A | 3.01% | 5.00% | 1.99% |
| AMZNAmazon.Com Inc | 3.03% | 3.50% | 0.47% |
| METAMeta Platforms Inc | 1.36% | 4.50% | 3.14% |
| AVGOBroadcom Inc | 1.92% | 3.50% | 1.58% |
| LRCXLam Research Corp | 1.32% | 3.50% | 2.18% |
| TXNTexas Instrument Inc | 1.18% | 3.50% | 2.32% |
| JNJJohnson & Johnson - Common | 0.14% | 4.50% | 4.36% |
55.1% of QLTY is already inside HIDV.
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, HIDV or QLTY?
HIDV has an expense ratio of 0.35% while QLTY charges 0.50%. HIDV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, HIDV or QLTY?
Over the past year HIDV returned +18.40% vs +21.58% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HIDV or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 11.6% for HIDV. Worst drawdown: HIDV -18.8% vs QLTY -17.0%.
Should I hold both HIDV and QLTY?
HIDV and QLTY have a monthly-return correlation of 0.88, 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 HIDV and QLTY?
55.1% of QLTY's money is in holdings HIDV also owns. 55.1% of QLTY's is in holdings HIDV also owns. They hold 15 positions in common, counted across the 105 positions we hold weights for in HIDV and 44 in QLTY.
Which pays a higher dividend, HIDV or QLTY?
HIDV yields 2.23% while QLTY yields 0.70%, so HIDV currently pays the higher dividend yield.
Is QLTY better than HIDV?
HIDV has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. HIDV is less concentrated, with 34.8% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.