Data as of Oct 28, 2026.
HDV vs VOO: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to VOO's +13.7%; 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 $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 0.05 points a year less; their one-year returns differ by 15.7 points; VOO is far larger, $1.0tn against $14.5bn.
| Measure | HDV | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | +13.7% |
| Benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.03% |
| Net assets, as of Sep 30, 2026 | $14.5bn | $1.0tn |
| Holdings | ||
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 55.6% | 39.1% |
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 returnsVOO returned more: +657.8% to +414.1%. HDV swung less: 13.9% to 16.1%. VOO fell slightly less at its worst: −31.8% to −33.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HDV | VOO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +414.1% | +657.8% | VOO | Price change plus distributions, reinvested. |
| Annualized | +11.1% | +13.9% | VOO | Total return as a yearly rate. |
| Price return | +197.8% | +474.8% | VOO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.9% | 16.1% | HDV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.8% | 11.1% | HDV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.4% | −31.8% | VOO (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.79 | VOO | Return above Treasury bills per unit of volatility. |
| Sortino | 1.00 | 1.14 | VOO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.33 | 0.44 | VOO | 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 VOO hold 9% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
9% in common
Only in one fund ↓
Side by side
HDV and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HDV and VOO do different jobs. What does each one do in a portfolio?
- What each follows. HDV follows Morningstar Dividend Yield Focus Index and VOO follows S&P 500 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 VOO +13.7% with distributions reinvested, a gap of 15.7 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%.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Which returned more over the last year, HDV or VOO?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VOO +13.7%.
- Which is cheaper, HDV or VOO?
- VOO 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.
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 VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-voo
ETFIQ. (Oct 28, 2026). HDV against VOO. Retrieved from https://etfiq.com/compare/any/hdv-vs-voo
[HDV against VOO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-voo)
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