DVY vs SPYD
iShares Select Dividend ETF vs State Street SPDR Portfolio S&P 500 High Dividend ETF
Last updated: 2026-04-10
iShares Select Dividend ETF (DVY) is an exchange-traded fund that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.42%. Launched in 2003, the fund has a 23-year track record.
State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.07%. The fund offers a high dividend yield of 4.32%. Launched in 2015, the fund has a 11-year track record.
Quick Verdict
SPYD is significantly cheaper at 0.07% vs 0.38% expense ratio, saving you approximately $608 per $10,000 invested over 10 years. Over the past year, DVY has significantly outperformed with a 25.6% return vs 15.5%. Income investors may prefer SPYD for its higher yield (4.3% vs 3.4%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
3 of top 10 holdings overlap (30% overlap in top holdings)
DVY Top Holdings
| Name | Weight |
|---|---|
| Pfizer Inc.PFE | 2.31% |
| Altria Group, Inc.MO | 2.13% |
| Verizon Communications Inc.VZ | 1.87% |
| Prudential Financial, Inc.PRU | 1.83% |
| T. Rowe Price Group, Inc.TROW | 1.83% |
| ONEOK, Inc.OKE | 1.74% |
| Edison InternationalEIX | 1.66% |
| General Mills, Inc.GIS | 1.59% |
| LyondellBasell Industries N.V.LYB | 1.53% |
| Kimberly-Clark CorporationKMB | 1.51% |
SPYD Top Holdings
| Name | Weight |
|---|---|
| APA CorporationAPA | 1.78% |
| LyondellBasell Industries N.V.LYB | 1.75% |
| Dow Inc.DOW | 1.69% |
| EOG Resources, Inc.EOG | 1.57% |
| Edison InternationalEIX | 1.50% |
| Verizon Communications Inc.VZ | 1.49% |
| Phillips 66PSX | 1.45% |
| AT&T Inc.T | 1.42% |
| Target CorporationTGT | 1.42% |
| Chevron CorporationCVX | 1.41% |
Which One Should You Choose?
Choose SPYD if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose DVY if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose SPYD if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.