ETF Versus

EFA vs HDV

iShares MSCI EAFE ETF vs iShares Core High Dividend ETF

Last updated: 2026-04-02

EFA iShares

iShares MSCI EAFE ETF (EFA) is an exchange-traded fund issued by iShares that provides exposure to equities in developed international markets outside the U.S.. It charges an above-average expense ratio of 0.32%. The fund offers an attractive dividend yield of 3.29%. Launched in 2001, the fund has a 25-year track record.

AUM: $69.1B ER: 0.32% Yield: 3.29% Since: Aug 14, 2001
HDV iShares

iShares Core High Dividend ETF (HDV) is an exchange-traded fund issued by iShares 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 2.96%. Launched in 2011, the fund has a 15-year track record.

AUM: $13.5B ER: 0.08% Yield: 2.96% Since: Mar 29, 2011

Quick Verdict

HDV is significantly cheaper at 0.08% vs 0.32% expense ratio, saving you approximately $472 per $10,000 invested over 10 years. Over the past year, EFA has significantly outperformed with a 20.5% return vs 11.2%.

Key Metrics

Metric EFA HDV
Expense Ratio 0.32% 0.08%
Dividend Yield 3.3% 3.0%
Fund Family iShares iShares
Category International Developed US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

70 85 100 115 130 145 2021-04 2022-06 2023-09 2024-12 2026-04
EFA +26.5%
HDV +39.8%

Performance Comparison

Period EFA HDV Difference
1 Month -4.54% -4.43% -0.11%
3 Months +1.62% +9.57% -7.95%
6 Months +3.71% +9.49% -5.78%
YTD +1.62% +9.57% -7.95%
1 Year +20.48% +11.17% +9.31%
3 Years +36.79% +30.22% +6.57%
5 Years +26.46% +39.76% -13.30%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period EFA Fees HDV Fees You Save
$10.000 10 years $631 $159 $472
$10.000 20 years $2.686 $686 $2.000
$10.000 30 years $8.571 $2.212 $6.358
$50.000 10 years $3.156 $797 $2.359
$50.000 30 years $42.854 $11.061 $31.792
$100.000 30 years $85.707 $22.123 $63.584

Risk Metrics

Based on 5 years of daily returns

Metric EFA HDV
Annualized Volatility 16.6% 13.0%
Max Drawdown -32.4% -16.9%
Sharpe Ratio 0.10 0.24

Dividend Comparison

Metric EFA HDV
Annual Dividend (per share) $3.25 $3.96
Dividend Yield 3.29% 2.96%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

EFA Top Holdings

NameWeight
ASML Holding N.V.!ams/ASML2.54%
AstraZeneca PLC!lon/AZN1.46%
Novartis AG!swx/NOVN1.41%
Roche Holding AG!swx/ROP1.36%
HSBC Holdings plc!lon/HSBA1.36%
Shell plc!lon/SHEL1.31%
Nestlé S.A.!swx/NESN1.22%
Toyota Motor Corporation!tyo/72031.00%
Commonwealth Bank of Australia!asx/CBA0.99%
Mitsubishi UFJ Financial Group, Inc.!tyo/83060.95%

HDV Top Holdings

NameWeight
Exxon Mobil CorporationXOM9.48%
Chevron CorporationCVX7.13%
Johnson & JohnsonJNJ6.04%
AbbVie Inc.ABBV5.48%
The Procter & Gamble CompanyPG4.40%
Philip Morris International Inc.PM4.20%
Merck & Co., Inc.MRK4.20%
The Home Depot, Inc.HD4.05%
The Progressive CorporationPGR3.80%
The Coca-Cola CompanyKO3.77%

Which One Should You Choose?

Choose HDV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose EFA if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose EFA if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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