HDV vs SPYI: ETF Comparison
Compare HDV (iShares Core High Dividend ETF) and SPYI (NEOS S&P 500 High Income ETF) side by side by average annual total return since inception — one fair number covering price and dividends.
Updated Sep 15, 2026
*For entertainment purposes ONLY! NOT financial advice! Data may be inaccurate.*
HDV vs SPYI: The Verdict
On average annual total return since inception, SPYI holds a clear edge over HDV: +15.2% per year vs +10.9% per year — a gap of 4.2 percentage points annually. Total return counts both price movement and dividends, so this is the whole picture of each fund's performance, not just yield.
Keep the track records in mind: HDV has been trading for 15.5 years, while SPYI has only 4.0 years of history. A shorter track record means the younger fund's average has been shaped by fewer market environments — one strong or weak stretch moves the needle more.
Income investors will notice the yield gap: SPYI currently yields 12.04% vs HDV's 3.3%. Higher yield often comes with trade-offs in price appreciation, which is exactly why total return is the fairer scoreboard.
HDV vs SPYI Side-by-Side Data
| Symbol | Name | Provider | Inception | Age | Total Return | Avg. Annual Return | Yield | Expense Ratio | Grade |
|---|---|---|---|---|---|---|---|---|---|
| HDV | iShares Core High Dividend ETF | iShares | 3/29/2011 | 15.5y | +396.0% | +10.9% | 3.3% | 0.08% | B |
| SPYI | NEOS S&P 500 High Income ETF | NEOS | 8/30/2022 | 4.0y | +77.0% | +15.2% | 12.04% | 0.68% | B |
HDV vs SPYI — Frequently Asked Questions
Which is better, HDV or SPYI?
By average annual total return since inception, SPYI holds a clear edge over HDV (+15.2% vs +10.9% per year). "Better" depends on your goals — yield, payout frequency, and strategy differ between the two funds.
What is the difference between HDV and SPYI?
HDV (iShares Core High Dividend ETF) is offered by iShares and currently yields 3.3%. SPYI (NEOS S&P 500 High Income ETF) is offered by NEOS and yields 12.04%. Their average annual total returns since inception are +10.9% and +15.2% respectively.
Does SPYI pay a higher dividend than HDV?
SPYI currently yields 12.04% and HDV yields 3.3%. Remember that yield alone doesn't capture performance — total return (price + dividends) is the fairer comparison.