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

In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VPU −3.3%.

Which is cheaper, HDV or VPU?

HDV is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

HDV vs VPU: Differences, Returns & Fees

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Over the year to Oct 28, 2026, HDV returned +29.4% to VPU's −3.3%; 11% 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 $7.7bn on Sep 30, 2026 for Vanguard Utilities ETF.

HDV on its own →VPU on its own →

At a glance

+29.4%

HDV total return, 1 year

−3.3%

VPU total return, 1 year

0.08%

HDV expense ratio

0.09%

VPU expense ratio

Pair scorecard

HDV costs 0.01 points a year less; their one-year returns differ by 32.7 points; HDV is 1.9 times larger.

HDV vs VPU: Differences, Returns & Fees
Measure	HDV	VPU
Return
Measure	HDV	VPU
Total return, 1 year	+29.4%	−3.3%
Drawdown
Measure	HDV	VPU
Below its high		8.9%, high on Feb 27, 2026
Benchmark
Measure	HDV	VPU
What it tracks	Morningstar Dividend Yield Focus Index	MSCI US Investable Market Index (IMI)/Utilities 25/50
Cost and size
Measure	HDV	VPU
Expense ratio	0.08%	0.09%
Net assets, as of Sep 30, 2026	$14.5bn	$7.7bn
Holdings
Measure	HDV	VPU
Holdings in common	11%
Top ten holdings, share of the fund	55.6%	52.3%

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

What they share

11%

By the books each fund has filed, HDV and VPU hold 11% 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

11% in common

Positions both hold · largest shared weight first HDV VPU

NEXTERA ENERGY 2.54% 11.39%

SOUTHERN 1.83% 6.74%

DOMINION ENERGY 1.10% 3.84%

XCEL ENERGY INC 0.76% 3.17%

PUBLIC SERVICE ENTERPRISE GROUP 0.66% 2.42%

WEC ENERGY GROUP 0.65% 2.37%

FIRSTENERGY CORP 0.50% 1.72%

DTE ENERGY 0.47% 1.83%

AMEREN 0.42% 1.98%

PPL CORP 0.41% 1.78%

CMS ENERGY 0.35% 1.41%

EVERGY 0.33% 1.30%

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 VPU

Duke Energy Corp 6.41%

Constellation Energy Corp 5.72%

American Electric Power Co Inc 4.66%

Sempra 3.68%

Vistra Corp 3.37%

Entergy Corp 3.34%

Exelon Corp 2.98%

Consolidated Edison Inc 2.72%

Check overlap with more funds →

Side by side

HDV iShares Core High Dividend ETF VPU Vanguard Utilities ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks an index of High Dividend Tracks an index of Utilities

Total return, 1 year +29.4% −3.3%

Its benchmark over the same days not measured −3.3% (FUTY)

Gap to its benchmark not measured 0.0 pts vs FUTY

Expense ratio 0.08% 0.09%

Already in the S&P 500 89.5% 89.7%

Holdings 77 70

Net assets, HDV as of Oct 27, 2026 and VPU as of Sep 30, 2026 $15.9bn $7.7bn

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

Alert

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%.

VPU

VPU tracks an index of Utilities. Over the year to Oct 28, 2026 it returned −3.3% with distributions reinvested, against −3.3% for its benchmark, the MSCI US Investable Market Index (IMI)/Utilities 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 70 positions, with the top ten at 52.3%. It sat 8.9% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, HDV or VPU?: In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and VPU −3.3%.
Which is cheaper, HDV or VPU?: HDV is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do HDV and VPU overlap with the S&P 500?: By their latest filed holdings, 90% of HDV and 90% of VPU by weight is stocks the S&P 500 already holds.

Other comparisons

HDV vs XLU HDV vs VOX HDV vs VDE HDV vs KRE SPHD vs VPU VPU vs VTV PVAL vs VPU VLUE vs VPU

Where to next

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

Sources and dates

HDV filings on SEC EDGAR ↗

HDV prospectus with the expense ratio (SEC) ↗

iShares page for HDV ↗

VPU filings on SEC EDGAR ↗

VPU prospectus with the expense ratio (SEC) ↗

Vanguard page for VPU ↗

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

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