VGT vs. HDV

Last updated Jun 16, 2026

VGT (Vanguard Information Technology ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, VGT returned 25.72%/yr vs 9.36%/yr for HDV. At a 0.50 correlation, their price movements are largely independent. VGT charges 0.09%/yr vs 0.08%/yr for HDV.

Performance

VGT vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Information Technology ETF (VGT) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGT achieves a 28.27% return, which is significantly higher than HDV's 14.11% return. Over the past 10 years, VGT has outperformed HDV with an annualized return of 25.72%, while HDV has yielded a comparatively lower 9.36% annualized return.

VGT

• 1D: 3.42%
• 1M: 6.55%
• YTD: 28.27%
• 6M: 29.82%
• 1Y: 55.62%
• 3Y*: 30.76%
• 5Y*: 21.17%
• 10Y*: 25.72%

HDV

• 1D: -1.03%
• 1M: 1.04%
• YTD: 14.11%
• 6M: 13.57%
• 1Y: 20.60%
• 3Y*: 14.34%
• 5Y*: 10.83%
• 10Y*: 9.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGT vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGT Vanguard Information Technology ETF	28.27%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%
HDV iShares Core High Dividend ETF	14.11%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	20.22%	-3.01%	13.40%

Correlation

The correlation between VGT and HDV is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011	0.50

The correlation between VGT and HDV shifts across timeframes, from -0.15 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

VGT vs. HDV - Sectors Allocation Comparison

Sectors	VGT	HDV
Technology	98.5%	9.7%
Communication Services	0.5%	0.1%
Financial Services	0.5%	10.8%
Industrials	0.4%	1.3%
Energy	0.3%	21.0%
Consumer Cyclical	0.1%	6.0%
Basic Materials	0.0%	1.1%
Healthcare	0.0%	17.0%
Consumer Defensive	-	24.2%
Real Estate	-	-
Utilities	-	8.9%

Return for Risk

VGT vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGT

VGT Risk / Return Rank: 77
VGT Sharpe Ratio Rank: 87
VGT Sortino Ratio Rank: 78
VGT Omega Ratio Rank: 79
VGT Calmar Ratio Rank: 74
VGT Martin Ratio Rank: 65

HDV

HDV Risk / Return Rank: 74
HDV Sharpe Ratio Rank: 74
HDV Sortino Ratio Rank: 79
HDV Omega Ratio Rank: 68
HDV Calmar Ratio Rank: 83
HDV Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGT vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology ETF (VGT) and iShares Core High Dividend ETF (HDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VGT	HDV	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.12	+0.41
Sortino ratio: Return per unit of downside risk	3.09	3.12	-0.03
Omega ratio: Gain probability vs. loss probability	1.41	1.36	+0.05
Calmar ratio: Return relative to maximum drawdown	3.41	4.00	-0.59
Martin ratio: Return relative to average drawdown	10.55	11.07	-0.53

VGT vs. HDV - Sharpe Ratio Comparison

The current VGT Sharpe Ratio is 2.52, which is comparable to the HDV Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of VGT and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGT vs. HDV - Drawdown Comparison

The maximum VGT drawdown since its inception was -54.63%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for VGT and HDV.

Drawdown Indicators

	VGT	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-54.63%	-37.04%	-17.59%
Max Drawdown (1Y) Largest decline over 1 year	-16.40%	-5.18%	-11.22%
Max Drawdown (3Y) Largest decline over 3 years	-27.23%	-10.49%	-16.74%
Max Drawdown (5Y) Largest decline over 5 years	-35.07%	-15.42%	-19.65%
Max Drawdown (10Y) Largest decline over 10 years	-35.07%	-37.04%	+1.97%
Current Drawdown Current decline from peak	-4.01%	-1.31%	-2.70%
Average Drawdown Average peak-to-trough decline	-7.95%	-3.08%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	1.87%	+3.42%

Volatility

VGT vs. HDV - Volatility Comparison

Vanguard Information Technology ETF (VGT) has a higher volatility of 10.42% compared to iShares Core High Dividend ETF (HDV) at 3.28%. This indicates that VGT's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGT	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.42%	3.28%	+7.14%
Volatility (6M) Calculated over the trailing 6-month period	18.28%	7.53%	+10.75%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	9.79%	+12.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	12.84%	+12.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.75%	15.74%	+9.01%

VGT vs. HDV - Expense Ratio Comparison

VGT has a 0.09% expense ratio, which is higher than HDV's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VGT vs. HDV - Dividend Comparison

VGT's dividend yield for the trailing twelve months is around 0.32%, less than HDV's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	3.56%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
VGT Vanguard Information Technology ETF	0.32%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both VGT and HDV in my portfolio?

VGT and HDV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGT or HDV?

VGT has higher volatility (10.42%) compared to HDV (3.28%). In terms of maximum drawdown, VGT dropped -54.63% vs HDV's -37.04%.

Which ETF is better, VGT or HDV?

On 10-year performance, VGT leads with 25.72% vs 9.36% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGT or HDV?

Over the 10-year period, VGT has performed better with a 25.72% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGT or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.09% for VGT.

Which ETF pays a higher dividend yield, VGT or HDV?

HDV has the higher dividend yield at 3.56%, compared with 0.32% for VGT.

What is the main difference between VGT and HDV?

VGT is categorized as Technology Equities, while HDV is Dividend. VGT tracks MSCI USA IMI Information Technology 25/50 Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VGT and 0.08% for HDV.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (2.52 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.