SmarterDividends

HDV vs HYG: Which Is the Better Dividend Stock?

As of September 2026, HYG (iShares iBoxx $ High Yield Corporate Bond ETF) screens as the stronger dividend stock, winning 2 of 3 head-to-head metrics. HYG offers the higher yield at 6.08%, HDV has the higher dividend-safety score.

MetricHDVHYG
Forward yield3.00%6.08%
Annual dividend$0.85$3.80
Payout ratio——
Years of growth0 yr0 yr
5-yr dividend growth1.9%1.6%
5-yr total return46%—
Dividend safety score62 (C)—
Fair value estimate$11.92—
Upside to fair value-59%—
Frequencymonthlymonthly
Market cap——
P/E ratio21.310.7

Higher yield

HYG

6.08%

Safer dividend

HDV

Grade C

Faster growth

HDV

1.9%

HDV vs HYG — FAQ

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