HIDV vs SPY
AB US High Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HIDV or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. HIDV led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. HIDV is less concentrated, with 34.3% of the fund in its ten largest positions against 37.8%.
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 | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $204M | $804.7B |
| Dividend Yield | 2.23% | 0.98% |
| Holdings | 107 | 505 |
| YTD Return | +13.65% | +13.82%Best |
| 1Y Return | +17.41%Best | +16.96% |
| 3Y Return (annualized) | +22.18% | +22.97%Best |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 12.4%Tie | 12.4%Tie |
| Max Drawdown | -18.8%Tie | -18.8%Tie |
| $10,000 over 3.5 years | $20,155 | $20,544Best |
| Top 10 Weight | 34.3%Best | 37.8% |
| Fund Family | AllianceBernstein L.P. | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 22, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Mar 22, 2023 to Sep 21, 2026 (3.5 years).
HIDV vs SPY 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 3.5 years both funds cover.
HIDV vs SPY Performance
AB US High Dividend ETF (HIDV) is an ETF from AllianceBernstein L.P. and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HIDV returned +17.41% while SPY returned +16.96%. Year to date, HIDV is up 13.65% versus a gain of 13.82% for SPY.
Over three years, HIDV compounded at +22.18% per year against +22.97% for SPY. Across the full 4-year window we track, SPY has the edge at +22.84% annualized vs +22.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HIDV and SPY have been equally volatile, both at 12.4% annualized.
The deepest peak-to-trough decline in our data was -18.8% for HIDV and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HIDV charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, HIDV currently yields 2.23% against 0.98% for SPY.
Holdings Overlap
75.2% of HIDV's money is in holdings SPY also owns. 56.3% of SPY's money is in holdings HIDV also owns.
Most of HIDV is already inside SPY. Owning both mostly buys the same companies twice.
59 positions in common, counted across the 105 positions we hold weights for in HIDV and 504 in SPY, against full books of 107 and 505.
What only one of them owns
Our book lists 439 positions for SPY that do not appear in our book for HIDV (43.1% of the fund), and 41 for HIDV that do not appear in SPY (21.9%).
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 SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.91% | 8.01% | 0.10% |
| AAPLApple, Inc | 6.50% | 7.26% | 0.76% |
| MSFTMicrosoft Corp | 4.99% | 5.66% | 0.67% |
| AMZNAmazon.Com Inc | 3.10% | 3.79% | 0.69% |
| GOOGLAlphabet Inc,class A | 3.04% | 2.99% | 0.05% |
| AVGOBroadcom Inc | 1.94% | 2.66% | 0.72% |
| MUMicron Technology, Inc. | 2.43% | 1.60% | 0.83% |
| GOOGAlphabet Inc | 1.64% | 2.39% | 0.75% |
| METAMeta Platforms Inc | 1.20% | 1.93% | 0.73% |
| TSLATesla Inc | 0.66% | 1.52% | 0.86% |
75.2% of HIDV is already inside SPY.
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 SPY?
HIDV has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, HIDV or SPY?
Over the past year HIDV returned +17.41% vs +16.96% for SPY, so HIDV leads on 1-year performance. Over the longest common window we track (4 years), HIDV annualized +22.17% vs +22.84% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HIDV or SPY?
HIDV and SPY have been equally volatile, both at 12.4% annualized. Worst drawdown: HIDV -18.8% vs SPY -18.8%.
Should I hold both HIDV and SPY?
HIDV and SPY have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between HIDV and SPY?
75.2% of HIDV's money is in holdings SPY also owns. 56.3% of SPY's is in holdings HIDV also owns. They hold 59 positions in common, counted across the 105 positions we hold weights for in HIDV and 504 in SPY.
Which pays a higher dividend, HIDV or SPY?
HIDV yields 2.23% while SPY yields 0.98%, so HIDV currently pays the higher dividend yield.
Is SPY better than HIDV?
SPY has a lower expense ratio. HIDV led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. HIDV is less concentrated, with 34.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.