ETF Versus

HDV vs IAU

iShares Core High Dividend ETF vs iShares Gold Trust

Last updated: 2026-04-02

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
IAU iShares

iShares Gold Trust (IAU) is an exchange-traded fund issued by iShares that provides exposure to gold securities. It charges a moderate expense ratio of 0.25%. Launched in 2005, the fund has a 21-year track record.

AUM: $68.7B ER: 0.25% Yield: 0.00% Since: Jan 21, 2005

Quick Verdict

HDV is significantly cheaper at 0.08% vs 0.25% expense ratio, saving you approximately $335 per $10,000 invested over 10 years. Over the past year, IAU has significantly outperformed with a 52.4% return vs 11.2%. Income investors may prefer HDV for its higher yield (3.0% vs 0.0%).

Key Metrics

Metric HDV IAU
Expense Ratio 0.08% 0.25%
Dividend Yield 3.0% 0.0%
Fund Family iShares iShares
Category US Dividend Gold

Performance Chart

Indexed to 100 at start (5-year comparison)

90 132 174 216 258 300 2021-04 2022-06 2023-09 2024-12 2026-04
HDV +39.8%
IAU +172.6%

Performance Comparison

Period HDV IAU Difference
1 Month -4.43% -10.66% +6.23%
3 Months +9.57% +9.96% -0.39%
6 Months +9.49% +22.48% -12.99%
YTD +9.57% +9.96% -0.39%
1 Year +11.17% +52.36% -41.19%
3 Years +30.22% +138.19% -107.97%
5 Years +39.76% +172.58% -132.82%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period HDV Fees IAU Fees You Save
$10.000 10 years $159 $495 $335
$10.000 20 years $686 $2.111 $1.425
$10.000 30 years $2.212 $6.758 $4.546
$50.000 10 years $797 $2.473 $1.676
$50.000 30 years $11.061 $33.792 $22.731
$100.000 30 years $22.123 $67.584 $45.461

Risk Metrics

Based on 5 years of daily returns

Metric HDV IAU
Annualized Volatility 13.0% 17.7%
Max Drawdown -16.9% -20.9%
Sharpe Ratio 0.24 0.97

Dividend Comparison

Metric HDV IAU
Annual Dividend (per share) $3.96 $0.00
Dividend Yield 2.96% 0.00%
Distribution Frequency Quarterly None

Top Holdings

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 IAU if...

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

Choose HDV if...

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

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