Both funds come from IShares. HDV is a dividend-focused equity ETF, while ITOT is an equity ETF. HDV and ITOT show limited overlap, with an estimated weighted overlap of 10.6%. They share 75 holdings in the loaded dataset, led by 30231G102, JNJ, and CVX.
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Both funds come from IShares. HDV is a dividend-focused equity ETF, while ITOT is an equity ETF. HDV and ITOT show limited overlap, with an estimated weighted overlap of 10.6%. They share 75 holdings in the loaded dataset, led by 30231G102, JNJ, and CVX.
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Both funds come from IShares. HDV is a dividend-focused equity ETF, while ITOT is an equity ETF. HDV and ITOT do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like 30231G102, JNJ, and CVX.
Both funds come from IShares. HDV is a dividend-focused equity ETF, while ITOT is an equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. ITOT has the lower expense ratio, while HDV charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 25.08% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
Because HDV and ITOT are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. ITOT has the lower expense ratio, while HDV charges more for its exposure.
Concentration
The top three shared holdings explain 25.08% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between HDV and ITOT.
| Holding | Name | HDV Wt. | ITOT Wt. | Overlap |
|---|---|---|---|---|
| 30231G102 | EXXON MOBIL CORP | 8.42% | 1.12% | 1.12% |
| JNJ | JOHNSON & JOHNSON | 5.68% | 0.93% | 0.93% |
| CVX | CHEVRON CORP | 6.42% | 0.61% | 0.61% |
| ABBV | ABBVIE INC | 5.44% | 0.61% | 0.61% |
| PG | PROCTER & GAMBLE COMPANY (THE) | 4.46% | 0.53% | 0.53% |
| HD | HOME DEPOT INC (THE) | 4.07% | 0.52% | 0.52% |
| MRK | MERCK & COMPANY INC | 3.77% | 0.47% | 0.47% |
| KO | COCA-COLA COMPANY (THE) | 3.86% | 0.46% | 0.46% |
| PM | PHILIP MORRIS INTERNATIONAL INC | 4.17% | 0.41% | 0.41% |
| PEP | PEPSICO INC | 3.66% | 0.33% | 0.33% |
Both funds come from IShares. HDV is a dividend-focused equity ETF, while ITOT is an equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are 30231G102, JNJ, and CVX, which appear in both portfolios and push the overlap score higher.
Holding both HDV and ITOT can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.