HDV vs SPYD
iShares Core High Dividend ETF vs State Street SPDR Portfolio S&P 500 High Dividend ETF
Last updated: 2026-04-10
iShares Core High Dividend ETF (HDV) 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 0.08%. The fund offers an attractive dividend yield of 2.92%. Launched in 2011, the fund has a 15-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
Both funds have nearly identical expense ratios (0.07% vs 0.08%), so fees are not a differentiator here. Over the past year, HDV has significantly outperformed with a 22.7% return vs 15.5%. Income investors may prefer SPYD for its higher yield (4.3% vs 2.9%).
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
1 of top 10 holdings overlap (10% overlap in top holdings)
HDV Top Holdings
| Name | Weight |
|---|---|
| Exxon Mobil CorporationXOM | 8.67% |
| Chevron CorporationCVX | 6.52% |
| Johnson & JohnsonJNJ | 6.06% |
| AbbVie Inc.ABBV | 5.53% |
| The Procter & Gamble CompanyPG | 4.46% |
| Merck & Co., Inc.MRK | 4.32% |
| The Home Depot, Inc.HD | 4.23% |
| Philip Morris International Inc.PM | 4.14% |
| The Coca-Cola CompanyKO | 3.86% |
| The Progressive CorporationPGR | 3.79% |
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 HDV 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.