ETF Versus

HDV vs IWD

iShares Core High Dividend ETF vs iShares Russell 1000 Value ETF

Last updated: 2026-04-02

HDV iShares

iShares Core High Dividend ETF (HDV) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.08%. The fund offers an attractive dividend yield of 2.96%. Launched in 2011, the fund has a 15-year track record.

AUM: $13.5B ER: 0.08% Yield: 2.96% Since: Mar 29, 2011
IWD iShares

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a moderate expense ratio of 0.18%. The fund offers a moderate dividend yield of 1.67%. Launched in 2000, the fund has a 26-year track record.

AUM: $68.2B ER: 0.18% Yield: 1.67% Since: May 22, 2000

Quick Verdict

HDV is significantly cheaper at 0.08% vs 0.18% expense ratio, saving you approximately $198 per $10,000 invested over 10 years. IWD has edged ahead over the past year (14.4% vs 11.2%). Income investors may prefer HDV for its higher yield (3.0% vs 1.7%).

Key Metrics

Metric HDV IWD
Expense Ratio 0.08% 0.18%
Dividend Yield 3.0% 1.7%
Fund Family iShares iShares
Category US Dividend US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 98 111 124 137 150 2021-04 2022-06 2023-09 2024-12 2026-04
HDV +39.8%
IWD +39.4%

Performance Comparison

Period HDV IWD Difference
1 Month -4.43% -4.53% +0.10%
3 Months +9.57% +1.29% +8.28%
6 Months +9.49% +4.87% +4.62%
YTD +9.57% +1.29% +8.28%
1 Year +11.17% +14.39% -3.22%
3 Years +30.22% +40.40% -10.18%
5 Years +39.76% +39.38% +0.38%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period HDV Fees IWD Fees You Save
$10.000 10 years $159 $357 $198
$10.000 20 years $686 $1.529 $844
$10.000 30 years $2.212 $4.912 $2.699
$50.000 10 years $797 $1.786 $989
$50.000 30 years $11.061 $24.558 $13.497
$100.000 30 years $22.123 $49.116 $26.993

Risk Metrics

Based on 5 years of daily returns

Metric HDV IWD
Annualized Volatility 13.0% 14.9%
Max Drawdown -16.9% -20.3%
Sharpe Ratio 0.24 0.22

Dividend Comparison

Metric HDV IWD
Annual Dividend (per share) $3.96 $3.58
Dividend Yield 2.96% 1.67%
Distribution Frequency Quarterly Quarterly

Top Holdings

3 of top 9 holdings overlap (33% overlap in top holdings)

HDV Top Holdings

NameWeight
Exxon Mobil CorporationXOM9.48%
Chevron CorporationCVX7.13%
Johnson & JohnsonJNJ6.04%
AbbVie Inc.ABBV5.48%
The Procter & Gamble CompanyPG4.40%
Philip Morris International Inc.PM4.20%
Merck & Co., Inc.MRK4.20%
The Home Depot, Inc.HD4.05%
The Progressive CorporationPGR3.80%
The Coca-Cola CompanyKO3.77%

IWD Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.89%
JPMorgan Chase & Co.JPM2.57%
Exxon Mobil CorporationXOM2.42%
Johnson & JohnsonJNJ1.94%
Amazon.com, Inc.AMZN1.76%
Walmart Inc.WMT1.61%
Alphabet Inc.GOOG1.54%
Micron Technology, Inc.MU1.34%
Chevron CorporationCVX1.32%

Which One Should You Choose?

Choose HDV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IWD if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose HDV if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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