HDV
iShares Core High Dividend ETF
iShares High Dividend Equity Fund seeks to track the performance of the Morningstar Dividend Yield Focus Index.
US
EQUITY
Passive
MANAGEMENT STYLE
10.7 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 29, 2011 |
| Assets (mns) | $10,713 |
| Expense ratio | 8 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 9.6 % |
| CHEVRON CORP | 6.9 % |
| JOHNSON & JOHNSON | 6.0 % |
| ABBVIE INC | 5.5 % |
| AT&T INC | 4.9 % |
| PHILIP MORRIS INTERNATIONAL | 4.6 % |
| CISCO SYSTEMS INC | 4.3 % |
| MERCK & CO. INC. | 3.9 % |
| ALTRIA GROUP INC | 3.9 % |
| INTL BUSINESS MACHINES CORP | 3.8 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 387 |
| Wgt avg mkt cap (mns) | $209,696 |
| Large cap (>$10bn) | 98.1% |
| Mid cap ($2-10bn) | 1.7% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
IRELAND | 1.8 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.1% | 26.2% | 10.6% | 13.2% | 9.1% | 8.5% | 10.2% | Volatility | 9.7% | 10.0% | 11.6% | 13.4% | 19.2% | 15.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 59% |
| MSCI EAFE | 0.64 | 58% |
| MSCI Emg Mkts | 0.41 | 24% |
Liquidity Measures
| Avg. volume (000) | 502 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $20,571 |
Technical Indicators
| Recent close | $111.94 |
| 30d moving avg. | $118.96 |
| Annualized volatility | 14.7% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HDV |
Expenses vs. HDV |
ALTAR Score™ vs. HDV |
|---|---|---|---|---|
| DURA | VanEck Durable High Dividend ETF | 52.3% | +21 bp | +0.2% |
| DHS | WisdomTree U.S. High Dividend Fund | 44.6% | +30 bp | +0.3% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 40.4% | +27 bp | +0.5% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 40.3% | +30 bp | +0.4% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 39.0% | +37 bp | +1.9% |
| PWV | Invesco Large Cap Value ETF | 38.1% | +47 bp | -0.3% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 37.2% | +50 bp | +0.7% |
| LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 35.7% | +19 bp | -0.3% |
| SIXA | ETC 6 Meridian Mega Cap Equity ETF | 35.4% | +72 bp | -1.7% |
| SCHD | Schwab US Dividend Equity ETF | 34.7% | -2 bp | +2.2% |
Risk and Returns: HDV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
HDV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
HDV
7.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. HDV's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places HDV in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HDVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| HDV (8 bp) Percentile rank | 18 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HDV | 8.0 | 1.3 | 9.3 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .