Data as of Oct 28, 2026.
HDV vs IWM: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to IWM's +14.1%; 0% 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 $75.5bn for iShares Russell 2000 ETF.
Pair scorecard
HDV costs 0.11 points a year less; their one-year returns differ by 15.3 points; IWM is 4.7 times larger.
| Measure | HDV | IWM |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | +14.1% |
| Drawdown | ||
| Below its high | 7.6%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | Russell 2000 Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.19% |
| Net assets, as of Oct 27, 2026 | $15.9bn | $75.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 55.6% | 3.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 8, 2011 to Oct 23, 2026 · 811 weekly returnsHDV returned more: +414.1% to +305.1%. HDV swung less: 13.9% to 21.4%. HDV fell less at its worst: −33.4% to −40.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HDV | IWM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +414.1% | +305.1% | HDV | Price change plus distributions, reinvested. |
| Annualized | +11.1% | +9.4% | HDV | Total return as a yearly rate. |
| Price return | +197.8% | +228.4% | IWM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.9% | 21.4% | HDV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.8% | 14.8% | HDV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.4% | −40.2% | HDV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.45 | HDV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.00 | 0.65 | HDV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.33 | 0.23 | HDV | 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 IWM hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
HDV and IWM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HDV and IWM do different jobs. What does each one do in a portfolio?
- What each follows. HDV follows Morningstar Dividend Yield Focus Index and IWM follows Russell 2000 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HDV returned +29.4% and IWM +14.1% with distributions reinvested, a gap of 15.3 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%.
IWM
IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, HDV or IWM?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and IWM +14.1%.
- Which is cheaper, HDV or IWM?
- HDV is cheaper, by 0.11 percentage points a year. That is about $11 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 IWM, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-iwm
ETFIQ. (Oct 28, 2026). HDV against IWM. Retrieved from https://etfiq.com/compare/any/hdv-vs-iwm
[HDV against IWM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-iwm)
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