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

In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VOE +22.8%.

Which is cheaper, HDV or VOE?

VOE is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 90% of HDV and 96% of VOE by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

HDV vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, HDV returned +29.4% to VOE's +22.8%; 13% 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 $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

HDV on its own →VOE on its own →

At a glance

+29.4%

HDV total return, 1 year

+22.8%

VOE total return, 1 year

0.08%

HDV expense ratio

0.05%

VOE expense ratio

Pair scorecard

VOE costs 0.03 points a year less; their one-year returns differ by 6.6 points; VOE is 1.6 times larger.

HDV vs VOE: Differences, Returns & Fees
Measure	HDV	VOE
Return
Measure	HDV	VOE
Total return, 1 year	+29.4%	+22.8%
Benchmark
Measure	HDV	VOE
What it tracks	Morningstar Dividend Yield Focus Index	Morningstar US Mid Cap Value Index
Cost and size
Measure	HDV	VOE
Expense ratio	0.08%	0.05%
Net assets, as of Sep 30, 2026	$14.5bn	$22.8bn
Holdings
Measure	HDV	VOE
Holdings in common	13%
Top ten holdings, share of the fund	55.6%	14.0%

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 VOE

Return

Total return edge Tie +414.1% +407.4%

Annualized edge Tie +11.1% +11.0%

Price return edge VOE +197.8% +264.1%

Risk

Volatility edge HDV 13.9% 17.9%

Max drawdown edge HDV −33.4% −40.6%

Risk-adjusted

Sharpe edge HDV 0.71 0.58

Sortino edge HDV 1.00 0.83

Calmar edge HDV 0.33 0.27

Reading

HDV and VOE returned about the same: +414.1% and +407.4%. HDV swung less: 13.9% to 17.9%. HDV fell less at its worst: −33.4% to −40.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HDV vs VOE: Differences, Returns & Fees
Measure	HDV	VOE	Edge	How it is measured
Return
Total return	+414.1%	+407.4%	Tie	Price change plus distributions, reinvested.
Annualized	+11.1%	+11.0%	Tie	Total return as a yearly rate.
Price return	+197.8%	+264.1%	VOE	Price change alone, distributions left out.
Risk
Volatility	13.9%	17.9%	HDV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.8%	12.6%	HDV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.4%	−40.6%	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	0.27	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

13%

By the books each fund has filed, HDV and VOE hold 13% 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

13% in common

Positions both hold · largest shared weight first HDV VOE

ONEOK 1.34% 0.91%

DOMINION ENERGY 1.10% 0.91%

AIR PRODUCTS AND CHEMICALS 0.82% 1.05%

XCEL ENERGY INC 0.76% 0.75%

DEVON ENERGY 0.74% 0.86%

WILLIAMS 1.27% 0.71%

KENVUE 0.75% 0.58%

PUBLIC SERVICE ENTERPRISE GROUP 0.66% 0.57%

WEC ENERGY GROUP 0.65% 0.56%

KIMBERLY CLARK 0.88% 0.55%

SYSCO 0.54% 0.63%

KINDER MORGAN 1.25% 0.48%

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 VOE

Valero Energy Corp 1.90%

Marathon Petroleum Corp 1.89%

Phillips 66 1.73%

Hewlett Packard Enterprise Co 1.37%

Warner Bros Discovery Inc 1.25%

SLB Ltd 1.23%

Target Corp 1.21%

Cummins Inc 1.21%

Check overlap with more funds →

Side by side

HDV iShares Core High Dividend ETF VOE Vanguard Morningstar Mid-Cap Value 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 Value

Total return, 1 year +29.4% +22.8%

Expense ratio 0.08% 0.05%

Already in the S&P 500 89.5% 96.0%

Holdings 77 169

Net assets, HDV as of Oct 27, 2026 and VOE as of Sep 30, 2026 $15.9bn $22.8bn

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

Client brief · page 1 of 2 Report BR-5F7910CA48

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

What each follows. HDV follows Morningstar Dividend Yield Focus Index and VOE follows Morningstar US Mid Cap Value Index.
Holdings in common. 13% 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 VOE +22.8% with distributions reinvested, a gap of 6.6 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%.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, HDV or VOE?: In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VOE +22.8%.
Which is cheaper, HDV or VOE?: VOE is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do HDV and VOE overlap with the S&P 500?: By their latest filed holdings, 90% of HDV and 96% of VOE by weight is stocks the S&P 500 already holds.

Other comparisons

FTCS vs HDV HDV vs RSP DIVB vs HDV DVY vs HDV SPHD vs VOE PVAL vs VOE AVLV vs VOE VLUE vs VOE

Where to next

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

Sources and dates

HDV filings on SEC EDGAR ↗

HDV prospectus with the expense ratio (SEC) ↗

iShares page for HDV ↗

VOE filings on SEC EDGAR ↗

VOE prospectus with the expense ratio (SEC) ↗

Vanguard page for VOE ↗

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 VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-voe

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