Data as of Oct 28, 2026.
HDV vs ISPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to ISPY's +10.1%, and HDV charges 0.08% to ISPY's 0.55%.
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Net assets: $15.9bn on Oct 27, 2026 for iShares Core High Dividend ETF, and $1.2bn on Oct 28, 2026 for ProShares S&P 500 High Income ETF.
Pair scorecard
HDV costs 0.47 points a year less; their one-year returns differ by 19.3 points; HDV is 13.3 times larger.
| Measure | HDV | ISPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | +10.1% |
| Price change, 1 year | rose 24.9% | rose 4.0% |
| Latest payout, annualized | 6.3% | |
| Return of capital, issuer estimate | 81% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 3.5 pts | |
| Cost and size | ||
| Expense ratio | 0.08% | 0.55% |
| Net assets, as of Oct 27, 2026 | $15.9bn | $1.2bn |
| Holdings | ||
| Holdings in common | 7% | |
| In the S&P 500, by weight | 90% | |
| Top ten holdings, share of the fund | 55.6% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Dec 29, 2023 to Oct 23, 2026 · 147 weekly returnsHDV returned more: +63.9% to +49.9%. HDV swung less: 11.3% to 12.8%. HDV fell less at its worst: −7.7% to −15.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HDV | ISPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +63.9% | +49.9% | HDV | Price change plus distributions, reinvested. |
| Annualized | +19.1% | +15.4% | HDV | Total return as a yearly rate. |
| Price return | +49.1% | +17.6% | HDV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 11.3% | 12.8% | HDV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.5% | 8.8% | HDV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −7.7% | −15.6% | HDV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.22 | 0.84 | HDV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.83 | 1.22 | HDV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 2.48 | 0.99 | HDV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 147 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HDV and ISPY hold 7% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
7% in common
Only in one fund ↓
Side by side
HDV and ISPY 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.
HDV and ISPY do different jobs. What does each one do in a portfolio?
- What each follows. HDV follows Morningstar Dividend Yield Focus Index and ISPY is measured against S&P 500 through SPY.
- Holdings in common. 7% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HDV returned +29.4% and ISPY +10.1% with distributions reinvested, a gap of 19.3 points.
Data as of Oct 28, 2026.
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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%.
ISPY
Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 4.0%. With every distribution reinvested, the fund returned +10.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 3.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.3%, paid monthly. ProShares estimates that 81% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are HDV and ISPY in the same category?
- HDV is a stock ETF and ISPY is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, HDV or ISPY?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and ISPY +10.1%.
- Which is cheaper, HDV or ISPY?
- HDV is cheaper, by 0.47 percentage points a year. That is about $47 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, HDV against ISPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-ispy
ETFIQ. (Oct 28, 2026). HDV against ISPY. Retrieved from https://etfiq.com/compare/any/hdv-vs-ispy
[HDV against ISPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-ispy)
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