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iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
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Bottom lineDVY and HDV are nearly interchangeable — both offer very similar u.s. dividend exposure with very similar cost and risk. The clearest tie-breaker is cost: HDV is cheaper at 0.08% vs 0.38%.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
DVY (iShares Select Dividend ETF) and HDV (iShares Core High Dividend ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
DVY offers the higher yield at 3.13% vs 2.68% for HDV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
HDV is cheaper with an expense ratio of 0.08% compared to 0.38%.
They track different benchmarks: DVY is linked to Dow Jones U.S. Select Dividend Index while HDV tracks Morningstar Dividend Yield Focus Index, which means their performance drivers differ.
DVY is the larger fund by assets ($23.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, DVY would generate roughly $26.08/month, while HDV would produce $22.33/month, at current distribution rates. Both pay quarterly distributions.
DVY yield3.13%
HDV yield2.68%
Monthly diff on $10K$3.75
Cost & efficiency
Over 10 years on $10,000, DVY would cost approximately $380 in fees vs $80 for HDV (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
DVY ER0.38%
HDV ER0.08%
Strategy & risk
DVY tracks Dow Jones U.S. Select Dividend Index with a dividend income approach, while HDV tracks Morningstar Dividend Yield Focus Index with a dividend income approach. Beta is 0.57 for DVY and 0.32 for HDV, indicating HDV is less volatile relative to the market.
DVY beta0.57
HDV beta0.32
Fund details
DVY is managed by iShares (launched 11/03/2003) with $23.1B in assets. HDV is managed by iShares (launched 03/29/2011) with $13.6B in assets.
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Frequently asked questions
Is DVY or HDV better for dividend income?
It depends on your goals. DVY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between DVY and HDV?
DVY (iShares Select Dividend ETF) tracks Dow Jones U.S. Select Dividend Index with a dividend income approach, while HDV (iShares Core High Dividend ETF) tracks Morningstar Dividend Yield Focus Index with a dividend income approach. They are issued by iShares and iShares respectively.
Can I hold both DVY and HDV?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, DVY or HDV?
DVY has an expense ratio of 0.38% while HDV charges 0.08%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DVY vs HDV generate?
At current rates, $10,000 in DVY would generate roughly $26.08 per month ($313.00 annually). The same in HDV would produce about $22.33 per month ($268.00 annually).
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