Data as of Oct 28, 2026.
AIPI vs HDV: Differences, Returns & Fees
Over the year to Oct 28, 2026, AIPI returned +15.5% to HDV's +29.4%, and HDV charges 0.08% to AIPI's 0.65%.
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Net assets on Oct 27, 2026: $490m for REX AI EQUITY PREMIUM INCOME ETF and $15.9bn for iShares Core High Dividend ETF.
Pair scorecard
HDV costs 0.57 points a year less; their one-year returns differ by 13.9 points; HDV is far larger, $15.9bn against $490m.
| Measure | AIPI | HDV |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.5% | +29.4% |
| Price change, 1 year | fell 19.4% | rose 24.9% |
| Latest payout, annualized | 34.3% | |
| Return of capital, issuer estimate | 100% of the Oct 8, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | Morningstar Dividend Yield Focus Index |
| Against its benchmark, same days | ahead by 1.9 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 0.08% |
| Net assets, as of Oct 27, 2026 | $490m | $15.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 90% | |
| Top ten holdings, share of the fund | 55.6% | |
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 14, 2024 to Oct 23, 2026 · 123 weekly returnsHDV returned more: +54.1% to +44.7%. HDV swung less: 11.7% to 21.3%. HDV fell less at its worst: −7.7% to −24.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AIPI | HDV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +44.7% | +54.1% | HDV | Price change plus distributions, reinvested. |
| Annualized | +16.9% | +20.0% | HDV | Total return as a yearly rate. |
| Price return | −34.5% | +42.5% | HDV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.3% | 11.7% | HDV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.0% | 7.7% | HDV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −24.9% | −7.7% | HDV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | 1.27 | HDV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.92 | 1.91 | HDV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.68 | 2.61 | HDV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 123 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIPI and HDV hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AIPI and HDV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
No client brief for this pair: the two funds' holdings are dated 149 days apart.
AIPI
Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting value in cash distributions while its price fell 19.4%. With every distribution reinvested, the fund returned +15.5%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.3%, paid weekly. REX estimates that 100% of the distribution paid Oct 8, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
HDV
HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.
Questions people ask
- Are AIPI and HDV in the same category?
- AIPI is an option-income ETF and HDV is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, AIPI or HDV?
- In the year to Oct 28, 2026, with distributions reinvested, AIPI returned +15.5% and HDV +29.4%.
- Which is cheaper, AIPI or HDV?
- HDV is cheaper, by 0.57 percentage points a year. That is about $57 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, AIPI against HDV, data as of Oct 28, 2026. https://etfiq.com/compare/any/aipi-vs-hdv
ETFIQ. (Oct 28, 2026). AIPI against HDV. Retrieved from https://etfiq.com/compare/any/aipi-vs-hdv
[AIPI against HDV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/aipi-vs-hdv)
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