HDV vs SPYD: Dividend Yield, Total Return & Fees Compared
iShares Core High Dividend ETFState Street SPDR Portfolio S&P 500 High Dividend ETF
Data as of the close · refreshed automatically every trading day
Performance: HDV vs SPYD
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026
DividendDuel.comHDV vs SPYD at a glance
This page compares iShares Core High Dividend ETF (HDV) with State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) using prices and distributions through November 9, 2026. The numbers update automatically after each trading session.
With dividends reinvested, HDV has led over the last 12 months at +32.31% versus +22.34% for SPYD. SPYD currently yields 4.12% (trailing 12-month) against 3.14% for HDV. Across five years the total-return gap is +84.48% for HDV vs +51.36% for SPYD.
The higher-yielding fund (SPYD) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.
| Metric | HDV | SPYD |
|---|---|---|
| Last close | $30.55 | $50.00 |
| Dividend yield | 3.14% (TTM) | 4.12% (TTM) |
| Expense ratio | — | — |
| Pays | monthly | quarterly |
| Dividends, last 12 months | $0.9585 (7 payments) | $2.06 (4 payments) |
| Issuer | iShares | State Street |
| Inception | — | — |
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Dividends
Latest payout, trailing 12-month total and the last 12 distributions.
Downside and distribution variability
Income and ending returns do not describe the whole investment experience.
Across 1,265 shared trading dates from October 26, 2021 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -15.39% for HDV and -22.20% for SPYD. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.
HDV's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.056 to $0.2506 per share across 7 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
SPYD's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.450 to $0.5493 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.
Recent distributions
The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.
| HDV | SPYD | ||
|---|---|---|---|
| Oct 21, 2026 | $0.1063 | Sep 21, 2026 | $0.5178 |
| Sep 16, 2026 | $0.056 | Jun 22, 2026 | $0.5428 |
| Aug 19, 2026 | $0.1046 | Mar 23, 2026 | $0.450 |
| Jul 15, 2026 | $0.0874 | Dec 22, 2025 | $0.5493 |
| Jun 15, 2026 | $0.185 | Sep 22, 2025 | $0.4888 |
| Mar 17, 2026 | $0.1686 | Jun 23, 2025 | $0.500 |
| Dec 16, 2025 | $0.2506 | Mar 24, 2025 | $0.4189 |
| Sep 16, 2025 | $0.1899 | Dec 20, 2024 | $0.5468 |
| Jun 16, 2025 | $0.1826 | Sep 20, 2024 | $0.4571 |
| Mar 18, 2025 | $0.159 | Jun 21, 2024 | $0.4869 |
| Dec 17, 2024 | $0.2243 | Mar 15, 2024 | $0.3729 |
| Sep 25, 2024 | $0.2459 | Dec 15, 2023 | $0.534 |
HDV vs SPYD: common questions
Which pays a higher dividend, HDV or SPYD?
As of November 9, 2026, HDV yields 3.14% (trailing 12-month) and SPYD yields 4.12% (trailing 12-month), so SPYD currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, HDV or SPYD?
Over the past year with dividends reinvested, HDV returned +32.31% and SPYD returned +22.34%. Over five years, HDV returned +84.48% and SPYD returned +51.36%. Past performance does not predict future results.
What would $10,000 in HDV vs SPYD be worth after one year?
With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $13,231 in HDV and $12,234 in SPYD.
How often do HDV and SPYD pay dividends?
HDV pays monthly (7 payments in the last 12 months) and SPYD pays quarterly (4 payments).
Is HDV or SPYD the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Research HDV and SPYD beyond the yield
Compare payment history with total return and fees. Check whether a larger current yield comes with different drawdowns or less consistent distributions; a dividend-growth label does not promise future increases.
Review iShares Core High Dividend ETF (HDV) payment history and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.
For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.
Related comparisons
More side-by-side comparisons with HDV and SPYD.
Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.