Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
HDV vs VPU: how they differ
HDV and VPU hold 9% of their weight in the same names, and HDV returned more over the year.
iShares Core High Dividend ETF and Vanguard Utilities Index Fund.
What they hold in common
By the books each fund has filed, HDV and VPU hold 9% of their money in the same securities at the same weight.
| Holding | HDV | VPU |
|---|---|---|
| DUKE ENERGY CORP | 1.57% | 6.31% |
| SOUTHERN COMPANY (THE) | 1.55% | 6.70% |
| AMERICAN ELECTRIC POWER COMPANY INC | 0.98% | 4.47% |
| ENTERGY CORP | 0.62% | 3.22% |
| WEC ENERGY GROUP INC | 0.59% | 2.39% |
| PUBLIC SERVICE ENTERPRISE GROUP INC | 0.59% | 2.60% |
| DTE ENERGY COMPANY | 0.47% | 1.96% |
| FIRSTENERGY CORP | 0.41% | 1.68% |
| AMEREN CORP | 0.38% | 1.93% |
| PPL CORP | 0.36% | 1.73% |
| CMS ENERGY CORP | 0.33% | 1.46% |
| EVERGY INC | 0.31% | 1.25% |
| Only in HDV | Only in VPU |
|---|---|
| EXXON MOBIL CORP 8.45% | NextEra Energy Inc 11.84% |
| CHEVRON CORP 6.45% | Constellation Energy Corp 5.86% |
| JOHNSON & JOHNSON 5.70% | Sempra 3.85% |
| ABBVIE INC 5.45% | Dominion Energy Inc 3.78% |
| PROCTER & GAMBLE COMPANY (THE) 4.47% | Vistra Corp 3.59% |
| PHILIP MORRIS INTERNATIONAL INC 4.18% | Xcel Energy Inc 3.11% |
| HOME DEPOT INC (THE) 4.08% | Exelon Corp 3.05% |
| COCA-COLA COMPANY (THE) 3.88% | Consolidated Edison Inc 2.52% |
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 May 31, 2026.
| HDV iShares Core High Dividend ETF | VPU Vanguard Utilities Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | Core High Dividend | Utilities |
| Total return, 1 year | +22.5% | +2.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.0 pts | −15.4 pts |
| Expense ratio | 0.08% | 0.09% |
| Already in the S&P 500 | 98.0% | 90.1% |
| Holdings | 75 | 66 |
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%.
VPU in plain words
VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, HDV or VPU?
- In the year to Sep 12, 2026, with distributions reinvested, HDV returned +22.5% and VPU returned +2.1%, so HDV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, HDV or VPU?
- HDV charges 0.08% a year and VPU charges 0.09%, so HDV is cheaper. Fees come from each fund's prospectus.
- How much do HDV and VPU overlap with the S&P 500?
- By their latest filed holdings, 98% of HDV and 90% of VPU by weight is stocks the S&P 500 already holds. Between the two funds, 9% of their books are the same securities at the same weight.
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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 VPU, data as of Sep 12, 2026. https://etfiq.com/compare/any/HDV-VPU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources