Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
HDV vs XLI: how they differ
HDV and XLI hold 2% of their weight in the same names, and HDV returned more over the year.
iShares Core High Dividend ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, HDV and XLI hold 2% of their money in the same securities at the same weight.
| Holding | HDV | XLI |
|---|---|---|
| ILLINOIS TOOL WORKS INC | 0.83% | 1.23% |
| PAYCHEX INC | 0.63% | 0.55% |
| SNAP-ON INC | 0.24% | 0.36% |
| Only in HDV | Only in XLI |
|---|---|
| EXXON MOBIL CORP 8.45% | Caterpillar Inc 8.52% |
| CHEVRON CORP 6.45% | General Electric Co 6.77% |
| JOHNSON & JOHNSON 5.70% | GE Vernova Inc 5.48% |
| ABBVIE INC 5.45% | RTX Corp 4.44% |
| PROCTER & GAMBLE COMPANY (THE) 4.47% | Boeing Co/The 2.96% |
| PHILIP MORRIS INTERNATIONAL INC 4.18% | Eaton Corp PLC 2.87% |
| HOME DEPOT INC (THE) 4.08% | Union Pacific Corp 2.81% |
| COCA-COLA COMPANY (THE) 3.88% | Deere & Co 2.77% |
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 | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | Core High Dividend | Industrials |
| Total return, 1 year | +22.5% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.0 pts | −3.3 pts |
| Expense ratio | 0.08% | 0.08% |
| Already in the S&P 500 | 98.0% | 100.0% |
| Holdings | 75 | 81 |
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%.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, HDV or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, HDV returned +22.5% and XLI returned +14.3%, so HDV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, HDV or XLI?
- HDV charges 0.08% a year and XLI charges 0.08%, so HDV is cheaper. Fees come from each fund's prospectus.
- How much do HDV and XLI overlap with the S&P 500?
- By their latest filed holdings, 98% of HDV and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/HDV-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources