Data as of Oct 28, 2026.
HDV vs IWD: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to IWD's +27.5%; 15% of their weight is in the same names.
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Net assets on Oct 27, 2026: $15.9bn for iShares Core High Dividend ETF and $83.0bn for iShares Russell 1000 Value ETF.
Pair scorecard
HDV costs 0.10 points a year less; their one-year returns differ by 1.9 points; IWD is 5.2 times larger.
| Measure | HDV | IWD |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | +27.5% |
| Benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | Russell 1000 Value Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.18% |
| Net assets, as of Oct 27, 2026 | $15.9bn | $83.0bn |
| Holdings | ||
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 55.6% | 29.6% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 8, 2011 to Oct 23, 2026 · 811 weekly returnsIWD returned slightly more: +424.0% to +414.1%. HDV swung less: 13.9% to 16.2%. HDV fell slightly less at its worst: −33.4% to −35.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HDV | IWD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +414.1% | +424.0% | IWD (slight) | Price change plus distributions, reinvested. |
| Annualized | +11.1% | +11.2% | Tie | Total return as a yearly rate. |
| Price return | +197.8% | +273.8% | IWD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.9% | 16.2% | HDV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.8% | 11.4% | HDV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.4% | −35.6% | HDV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.64 | HDV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.00 | 0.90 | HDV (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.33 | 0.31 | HDV (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 811 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HDV and IWD hold 15% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
15% in common
Only in one fund ↓
Side by side
HDV and IWD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HDV and IWD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HDV follows Morningstar Dividend Yield Focus Index and IWD follows Russell 1000 Value Index.
- Holdings in common. 15% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. HDV holds 77 positions and IWD holds 871.
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%.
IWD
IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% 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 871 positions, with the top ten at 29.6%.
Questions people ask
- Which returned more over the last year, HDV or IWD?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and IWD +27.5%.
- Which is cheaper, HDV or IWD?
- HDV is cheaper, by 0.10 percentage points a year. That is about $10 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 IWD, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-iwd
ETFIQ. (Oct 28, 2026). HDV against IWD. Retrieved from https://etfiq.com/compare/any/hdv-vs-iwd
[HDV against IWD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-iwd)
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