Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
HDV vs SPYI: how they differ
Over the year HDV returned more, +22.5% against +15.8%, and HDV charges 0.08% against 0.68%.
iShares Core High Dividend ETF and NEOS S&P 500(R) High Income ETF.
What they hold in common
By the books each fund has filed, HDV and SPYI hold 10% of their money in the same securities at the same weight.
| Holding | HDV | SPYI |
|---|---|---|
| JOHNSON & JOHNSON | 5.70% | 0.95% |
| EXXON MOBIL CORP | 8.45% | 0.89% |
| ABBVIE INC | 5.45% | 0.69% |
| HOME DEPOT INC (THE) | 4.08% | 0.55% |
| PROCTER & GAMBLE COMPANY (THE) | 4.47% | 0.53% |
| MERCK & COMPANY INC | 3.78% | 0.50% |
| COCA-COLA COMPANY (THE) | 3.88% | 0.49% |
| CHEVRON CORP | 6.45% | 0.48% |
| PHILIP MORRIS INTERNATIONAL INC | 4.18% | 0.44% |
| TEXAS INSTRUMENTS INC | 3.55% | 0.42% |
| QUALCOMM INC | 2.38% | 0.30% |
| PEPSICO INC | 3.67% | 0.29% |
| Only in HDV | Only in SPYI |
|---|---|
| COTERRA ENERGY INC 0.37% | NVIDIA Corp 7.57% |
| WATSCO INC 0.23% | Apple Inc 6.59% |
| OGE ENERGY CORP 0.17% | Microsoft Corp 4.32% |
| DT MIDSTREAM INC 0.16% | Amazon.com Inc 3.65% |
| ANTERO MIDSTREAM CORP 0.13% | Alphabet Inc 3.28% |
| PORTLAND GENERAL ELECTRIC COMPANY 0.11% | Broadcom Inc 2.80% |
| INGREDION INC 0.10% | Alphabet Inc 2.61% |
| IDACORP INC 0.09% | Micron Technology Inc 1.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| HDV iShares Core High Dividend ETF | SPYI NEOS S&P 500(R) High Income ETF | |
|---|---|---|
| Where it sits | Core index fund | Income ETF |
| Issuer | iShares | NEOS |
| What it is | Core High Dividend | covered call, vs SPY |
| Total return, 1 year | +22.5% | +15.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.0 pts | −1.7 pts |
| Cash paid, 1 year | not an income fund | 12.1% |
| Expense ratio | 0.08% | 0.68% |
| Holdings | 75 | not filed |
HDV in plain words
HDV is an index equity fund tracking the Core High Dividend. Over the year to Sep 11, 2026 it returned +22.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Apr 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 75 positions, with the top ten at 50.2%.
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which returned more over the last year, HDV or SPYI?
- In the year to Sep 12, 2026, with distributions reinvested, HDV returned +22.5% and SPYI returned +15.8%, so HDV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, HDV or SPYI?
- HDV charges 0.08% a year and SPYI charges 0.68%, so HDV is cheaper. Fees come from each fund's prospectus.
- Are HDV and SPYI the same kind of fund?
- No. HDV is an index ETF and SPYI is an option-income ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, HDV against SPYI, data as of Sep 12, 2026. https://etfiq.com/compare/any/HDV-SPYI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources