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HDV vs SPLV: Differences, Returns & Fees

HDV and SPLV hold 19% of their weight in the same names, and HDV returned +22.1% over the year. Net assets on Oct 9, 2026: $14.9bn for iShares Core High Dividend ETF and $7.0bn for Invesco S&P 500 Low Volatility ETF.

HDV costs 0.17 points a year less; their one-year returns differ by 20.1 points; HDV is 2.1 times larger.

HDV vs SPLV: Differences, Returns & Fees
HDVSPLV
Expense ratio0.08%0.25%
Net assets$14.9bn$7.0bn
Total return, 1 year+22.1%+2.0%
What it tracksMorningstar Dividend Yield Focus IndexS&P 500 Low Volatility Index
Holdings in common19%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund55.7%12.7%
Below its high3.9%, high on Aug 19, 20267.1%, high on Jul 28, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+22.1%
HDV total return, 1 year
+2.0%
SPLV total return, 1 year
0.08%
HDV expense ratio
0.25%
SPLV expense ratio

What they hold in common

By the books each fund has filed, HDV and SPLV hold 19% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

19% in common

Positions both hold, largest shared weight first
Holding HDV SPLV
SOUTHERN 1.79% 1.15%
COCA-COLA 4.34% 1.14%
PROCTER & GAMBLE 5.47% 1.14%
KINDER MORGAN 1.27% 1.07%
CHEVRON 7.07% 0.99%
MCDONALDS CORP 2.54% 0.99%
DOMINION ENERGY 1.10% 0.92%
WILLIAMS 1.31% 0.91%
MONDELEZ INTERNATIONAL CLASS A 1.32% 0.89%
PEPSICO 3.87% 0.89%
MEDTRONIC PLC 1.82% 0.88%
ILLINOIS TOOL INC 0.94% 0.88%
Only in HDV
EXXONMOBIL HOLDINGS CORP 9.39%
ABBVIE 6.89%
PHILIP MORRIS INTERNATIONAL 5.28%
VERIZON COMMUNICATIONS INC 5.11%
HOME DEPOT 4.40%
ALTRIA GROUP INC 3.86%
AMGEN INC 2.71%
CONOCOPHILLIPS 2.11%
Only in SPLV
Berkshire Hathaway Inc 1.44%
Duke Energy Corp 1.27%
Regency Centers Corp 1.25%
Atmos Energy Corp 1.25%
Pinnacle West Capital Corp 1.23%
CenterPoint Energy Inc 1.22%
Loews Corp 1.21%
Consolidated Edison Inc 1.20%

Check overlap with more funds →

On the same fields

HDV
iShares Core High Dividend ETF
SPLV
Invesco S&P 500 Low Volatility ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks an index of High Dividend Tracks an index
Total return, 1 year +22.1% +2.0%
Expense ratio 0.08% 0.25%
Already in the S&P 500 89.5% 98.7%
Holdings 77 108
Net assets $14.9bn $7.0bn

HDV and SPLV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About HDV

HDV tracks an index of High Dividend. Over the year to Oct 9, 2026 it returned +22.1% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 9, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.7%. It sat 3.9% below its high of Aug 19, 2026 on Oct 9, 2026.

About SPLV

SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, HDV or SPLV?
In the year to Oct 9, 2026, with distributions reinvested, HDV returned +22.1% and SPLV +2.0%.
Which is cheaper, HDV or SPLV?
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 prospectus.
How much do HDV and SPLV overlap with the S&P 500?
By their latest filed holdings, 90% of HDV and 99% of SPLV by weight is stocks the S&P 500 already holds.
Other comparisons
HDV vs SPYDHDV vs JAVADFLV vs HDVHDV vs VOOVIVE vs SPLVIWD vs SPLVSCHD vs SPLVOAKM vs SPLV
HDV on its own →SPLV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
HDV filings on SEC EDGAR ↗HDV prospectus with the expense ratio (SEC) ↗iShares page for HDV ↗SPLV filings on SEC EDGAR ↗SPLV prospectus with the expense ratio (SEC) ↗Invesco page for SPLV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, HDV against SPLV, data as of Oct 9, 2026. https://etfiq.com/compare/any/hdv-vs-splv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.