What does 'Mid-Cap Value' mean for DVY?

For DVY, 'Mid-Cap Value' signals a tilt towards smaller firms with lower valuations and higher dividend yields. This approach often results in a more diversified holding set, but with more company-specific risk and sector uncertainty compared to large-cap strategies.

What is the impact of HDV's expense ratio on net returns?

HDV has a 0.08% expense ratio, meaning it retains 99.92% of gross returns as net. DVY has a 0.38% expense ratio. This means DVY retains 99.62% of gross returns.

Are 'Core High Dividend iShares' (HDV) and 'iShares Select Dividend ETF' (DVY) both large-cap ETFs?

No. HDV has a 'Large Value' category, so it targets large firms, while DVY's 'Mid-Cap Value' category means it is targeting mid-cap firms.

How do the top-ten holdings of HDV and DVY overlap?

HDV's top ten holdings include XOM, CVX, ABBV, VZ, PG, PM, HD, KO, PEP and MO. DVY's top ten holdings include HPQ, PFE, PRU, MO, TROW, OKE, VZ, TGT, GIS and F. Only MO and VZ overlap.

How might the concentration of HDV's holdings affect the fund?

HDV has 9.04% of its assets in XOM, 6.96% in CVX and 6.55% in ABBV. Concentration in the top ten holdings may amplify specific company idiosyncratic risks.

What is DVY's net asset value (NAV) per share?

Not enough data to answer this question, as it is not available in the provided data.

How do HDV's net assets compare to DVY's?

HDV has $15.6 billion in net assets. DVY has $23.1 billion in net assets.

How does DVY's dividend yield compare to HDV's?

DVY has a dividend yield of 3.40%. HDV has a dividend yield of 2.99%. DVY has the higher yield of the two.

How do DVY and HDV track their respective indices?

Not enough data to answer this question, as the index tracked for both DVY and HDV is not available in the provided data.

What is the risk of a 'value investing' strategy?

'Value investing' strategies seek out stocks that may be undervalued based on certain metrics. The risk is that stocks may remain undervalued for a long time, or they may not be undervalued and are simply poor quality.

How do ETFs distribute dividends?

ETFs typically distribute income, like dividends, periodically. For example, they may distribute quarterly or semi-annually. The timing and frequency of the payout may vary between fund issuers.

What are some reasons an investor may choose DVY?

DVY has a higher yield than HDV and is more diversified with less concentration. Some mid-cap stocks may have higher growth potential, and investors with that thesis may seek out DVY.

DVY vs HDV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

DVY (iShares Select Dividend ETF) and HDV (Core High Dividend iShares) differ on yield (3.40% vs 2.99%) and expense ratio (0.38% vs 0.08%). This page compares fees, holdings, dividends and how each fund tracks its market. Educational content, not financial advice.

DVY (iShares Select Dividend ETF) and HDV (Core High Dividend iShares) differ on yield (3.40% vs 2.99%) and expense ratio (0.38% vs 0.08%). This page compares fees, holdings, dividends and how each fu...

Fund Snapshot

Key Fund Metrics

DVY

Metric

HDV

0.38%

Expense Ratio

0.08%

3.40%

Dividend Yield

2.99%

$23.05B

Net Assets

$15.56B

104

Holdings

81

Nov 3, 2003

Inception Date

Mar 29, 2011

–

Index Tracked

–

Mid-Cap Value

Fund Category

Large Value

HDV costs about $30.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	DVY	HDV
MOAltria Group, Inc.	2.17%	3.72%
VZVerizon Communications Inc.	1.83%	5.87%

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Investment Analysis

DVY

Pros

Low 0.38% expense ratio supports net returns despite a higher fee than some competitors.
Substantial $23.1 billion asset base enhances liquidity and bid-ask spread tightness.
3.40% dividend yield provides robust current income for income-focused investors.

Considerations

Mid-cap value category may exhibit greater volatility than large-cap dividend funds.
Top holdings include technology and industrial firms that may be less dividend-stable.
No sector weights are available, limiting immediate insight into underlying industry diversification.

HDV

Pros

Very low 0.08% expense ratio supports net returns relative to its asset size.
Large-cap value exposure to blue-chip names like XOM and CVX promotes stability.
2.99% dividend yield balances income with exposure to high-quality core holdings.

Considerations

Concentration in the top ten holdings may amplify specific company idiosyncratic risks.
Energy and consumer staples overweight could reduce yield growth versus broader market.
Small $15.6 billion net assets limit scale advantages versus larger dividend-focused funds.

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About DVY and HDV

DVY (DVY)

The iShares Select Dividend ETF (DVY) is an exchange-traded fund designed to provide investors with exposure to a portfolio of dividend-paying US equities. Classified within the Mid-Cap Value category, this fund holds approximately 104 companies, focusing on those with a history of consistent dividends. With an expense ratio of 0.38% and net assets of USD 23.05 billion, it offers a relatively accessible entry point for income-focused strategies. The fund currently reports a dividend yield of 3.40%. Launched in November 2003, DVY has established a long track record in the market. Investors should note that while dividends can provide income, the value of the fund and its distributions can fluctuate. As with any investment, past performance is not indicative of future results, and it is important to consider the inherent risks associated with equity markets.

HDV (HDV)

iShares Core High Dividend ETF (HDV) is an exchange-traded fund that targets higher-yielding, primarily US large‑cap companies selected for dividend sustainability and financial strength. It offers investors a focused route to regular income through dividend distributions while still exposing them to equity market movements and potential capital growth. Compared with broad-market ETFs, HDV typically holds fewer holdings and may show sector or style concentration, which can amplify both returns and risks. Dividend levels depend on company payouts and can fall or stop entirely; past distributions do not guarantee future income. Fees, index rules and market conditions all influence outcomes. This information is general and educational, not personalised financial advice. Investors should consider their objectives, risk tolerance and seek professional advice where appropriate before investing.

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DVY vs HDV

Fund Snapshot