Which returned more over the last year, HDV or VO?

In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VO +12.8%.

Which is cheaper, HDV or VO?

VO is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do HDV and VO overlap with the S&P 500?

By their latest filed holdings, 90% of HDV and 91% of VO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

HDV vs VO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, HDV returned +29.4% to VO's +12.8%; 9% of their weight is in the same names.

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Net assets: $15.9bn on Oct 27, 2026 for iShares Core High Dividend ETF, and $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

HDV on its own →VO on its own →

At a glance

+29.4%

HDV total return, 1 year

+12.8%

VO total return, 1 year

0.08%

HDV expense ratio

0.03%

VO expense ratio

Pair scorecard

VO costs 0.05 points a year less; their one-year returns differ by 16.6 points; VO is 7.1 times larger.

HDV vs VO: Differences, Returns & Fees
Measure	HDV	VO
Return
Measure	HDV	VO
Total return, 1 year	+29.4%	+12.8%
Drawdown
Measure	HDV	VO
Below its high		3.1%, high on Aug 14, 2026
Benchmark
Measure	HDV	VO
What it tracks	Morningstar Dividend Yield Focus Index	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Measure	HDV	VO
Expense ratio	0.08%	0.03%
Net assets, as of Sep 30, 2026	$14.5bn	$103.4bn
Holdings
Measure	HDV	VO
Holdings in common	9%
Top ten holdings, share of the fund	55.6%	9.7%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Apr 8, 2011 to Oct 23, 2026 · 811 weekly returns

HDV VO

Return

Total return edge Tie +414.1% +405.9%

Annualized edge Tie +11.1% +11.0%

Price return edge VO +197.8% +301.4%

Risk

Volatility edge HDV 13.9% 17.8%

Max drawdown edge HDV −33.4% −37.4%

Risk-adjusted

Sharpe edge HDV 0.71 0.58

Sortino edge HDV 1.00 0.83

Calmar edge HDV 0.33 0.29

Reading

HDV and VO returned about the same: +414.1% and +405.9%. HDV swung less: 13.9% to 17.8%. HDV fell less at its worst: −33.4% to −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HDV vs VO: Differences, Returns & Fees
Measure	HDV	VO	Edge	How it is measured
Return
Total return	+414.1%	+405.9%	Tie	Price change plus distributions, reinvested.
Annualized	+11.1%	+11.0%	Tie	Total return as a yearly rate.
Price return	+197.8%	+301.4%	VO	Price change alone, distributions left out.
Risk
Volatility	13.9%	17.8%	HDV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.8%	12.5%	HDV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.4%	−37.4%	HDV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.71	0.58	HDV	Return above Treasury bills per unit of volatility.
Sortino	1.00	0.83	HDV	Return above Treasury bills per unit of downside deviation.
Calmar	0.33	0.29	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 VO hold 9% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first HDV VO

AIR PRODUCTS AND CHEMICALS 0.82% 0.61%

ONEOK 1.34% 0.53%

DOMINION ENERGY 1.10% 0.53%

DEVON ENERGY 0.74% 0.50%

XCEL ENERGY INC 0.76% 0.43%

MICROCHIP TECHNOLOGY INC 0.53% 0.42%

WILLIAMS 1.27% 0.41%

SYSCO 0.54% 0.37%

KENVUE 0.75% 0.34%

PUBLIC SERVICE ENTERPRISE GROUP 0.66% 0.33%

WEC ENERGY GROUP 0.65% 0.32%

KIMBERLY CLARK 0.88% 0.32%

Only in one fund ↓

Only in HDV

EXXONMOBIL HOLDINGS CORP 9.48%

CHEVRON 7.22%

ABBVIE 6.77%

PROCTER & GAMBLE 5.46%

VERIZON COMMUNICATIONS INC 5.12%

PHILIP MORRIS INTERNATIONAL 5.04%

HOME DEPOT 4.57%

COCA-COLA 4.26%

Only in VO

Cloudflare Inc 1.11%

Valero Energy Corp 1.10%

Marathon Petroleum Corp 1.10%

Phillips 66 1.01%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Check overlap with more funds →

Side by side

HDV iShares Core High Dividend ETF VO Vanguard Morningstar Mid-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks an index of High Dividend Tracks an index of Mid-Cap

Total return, 1 year +29.4% +12.8%

Expense ratio 0.08% 0.03%

Already in the S&P 500 89.5% 91.1%

Holdings 77 273

Net assets, HDV as of Oct 27, 2026 and VO as of Sep 30, 2026 $15.9bn $103.4bn

HDV and VO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-F700A3F00E

HDV and VO do different jobs. What does each one do in a portfolio?

What each follows. HDV follows Morningstar Dividend Yield Focus Index and VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index).
Holdings in common. 9% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 HDV returned +29.4% and VO +12.8% with distributions reinvested, a gap of 16.6 points.

Data as of Oct 28, 2026.

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About each fund

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%.

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, HDV or VO?: In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VO +12.8%.
Which is cheaper, HDV or VO?: VO is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do HDV and VO overlap with the S&P 500?: By their latest filed holdings, 90% of HDV and 91% of VO by weight is stocks the S&P 500 already holds.

Other comparisons

HDV vs MOAT HDV vs IJH HDV vs MDY HDV vs VXF SPHD vs VO VO vs VTV PVAL vs VO VLUE vs VO

Where to next

HDV on its own →VO on its own →Hold both: look the portfolio through →Rankings →HDV dividend history →HDV holdings →VO dividend history →VO holdings →Standards and sources →

Sources and dates

HDV filings on SEC EDGAR ↗

HDV prospectus with the expense ratio (SEC) ↗

iShares page for HDV ↗

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, HDV against VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-vo

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