Data as of Oct 28, 2026.
HDV vs SPHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to SPHD's +11.0%; 24% 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 $3.3bn for Invesco S&P 500 High Dividend Low Volatility ETF.
Pair scorecard
HDV costs 0.22 points a year less; their one-year returns differ by 18.4 points; HDV is 4.8 times larger.
| Measure | HDV | SPHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | +11.0% |
| Drawdown | ||
| Below its high | 4.2%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | S&P 500 Low Volatility High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.30% |
| Net assets, as of Oct 27, 2026 | $15.9bn | $3.3bn |
| Holdings | ||
| Holdings in common | 24% | |
| Top ten holdings, share of the fund | 55.6% | 28.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 2, 2012 to Oct 23, 2026 · 729 weekly returnsHDV returned more: +317.2% to +266.3%. HDV swung less: 14.1% to 16.1%. HDV fell less at its worst: −33.4% to −38.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HDV | SPHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +317.2% | +266.3% | HDV | Price change plus distributions, reinvested. |
| Annualized | +10.7% | +9.7% | HDV (slight) | Total return as a yearly rate. |
| Price return | +152.5% | +107.7% | HDV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.1% | 16.1% | HDV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.1% | 11.3% | HDV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.4% | −38.2% | HDV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.66 | 0.54 | HDV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 0.77 | HDV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.32 | 0.25 | HDV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HDV and SPHD hold 24% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
24% in common
Only in one fund ↓
Side by side
HDV and SPHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HDV and SPHD 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 SPHD follows S&P 500 Low Volatility High Dividend Index.
- Holdings in common. 24% 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 SPHD +11.0% with distributions reinvested, a gap of 18.4 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%.
SPHD
SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, HDV or SPHD?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and SPHD +11.0%.
- Which is cheaper, HDV or SPHD?
- HDV is cheaper, by 0.22 percentage points a year. That is about $22 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 SPHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-sphd
ETFIQ. (Oct 28, 2026). HDV against SPHD. Retrieved from https://etfiq.com/compare/any/hdv-vs-sphd
[HDV against SPHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-sphd)
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