The iShares Core High Dividend ETF (HDV) underwent a significant sector rebalancing in September, reducing its healthcare allocation from about 25% to 13.4%, while increasing exposure to energy, consumer staples, and utilities. This shift has heightened concentration risk, with nearly 62% of the fund now in just three sectors. Despite a 3% yield, the reduced diversification and increased reliance on volatile factors like oil prices and bond yields limit the fund's upside potential. The analyst maintains a Hold rating on HDV and prefers broader dividend ETFs like SCHD or VYM for better risk-adjusted returns.
HDV's market cap stands at $14.82 billion with a trading volume of 2,284,833 shares as of Sep 28, 2026, 17:52 WIB, showing a 0.60% gain on the day. Compared to broader dividend ETFs like SCHD and VYM, which have market caps of $109.56 billion and $100.80 billion respectively, HDV is smaller and less liquid. This context highlights the fund's increased sector concentration risk amid its recent healthcare cut, while SCHD and VYM continue to offer more diversified dividend exposure on Pluang.
