Data as of Oct 28, 2026.

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HDV vs IAU: Differences, Returns & Fees

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HDV is an equity index fund and IAU a commodity fund, and over the year to Oct 28, 2026, HDV returned +29.4% against +2.7%.

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Net assets: $15.9bn on Oct 27, 2026 for iShares Core High Dividend ETF, and $60.1bn on Oct 28, 2026 for iShares Gold Trust.

At a glance
+29.4%
HDV total return, 1 year
+2.7%
IAU total return, 1 year
0.08%
HDV expense ratio
0.25%
IAU expense ratio

Pair scorecard

HDV costs 0.17 points a year less; their one-year returns differ by 26.7 points; IAU is 3.8 times larger.

HDV vs IAU: Differences, Returns & Fees
MeasureHDVIAU
Return
Total return, 1 year+29.4%+2.7%
Drawdown
Below its high24.6%, high on Jan 29, 2026
Benchmark
What it tracksMorningstar Dividend Yield Focus IndexGold
Cost and size
Expense ratio0.08%0.25%
Net assets, as of Oct 27, 2026$15.9bn$60.3bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight90%
Top ten holdings, share of the fund55.6%

Method

Side by side

HDV iShares Core High Dividend ETF IAU iShares Gold Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks an index of High Dividend Holds gold
Total return, 1 year +29.4% +2.7%
Its benchmark over the same days not measured +2.5% (GLD)
Gap to its benchmark not measured +0.2 pts vs GLD
Expense ratio 0.08% 0.25%
Holdings 77 not counted
Net assets, HDV as of Oct 27, 2026 and IAU as of Oct 28, 2026 $15.9bn $60.1bn

HDV and IAU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
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%.

IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, HDV or IAU?
In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and IAU +2.7%.
Which is cheaper, HDV or IAU?
HDV is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, HDV against IAU, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-iau

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