HIDV: A Solid Large-Cap Value ETF Flying High Under The Radar

2025-06-03 12:43:25 ET

Summary

• HIDV is an actively managed fund with a 0.45% expense ratio and only $59 million in assets under management, indicating it's relatively unknown in the ETF space.
• Nevertheless, HIDV might be underrated. It's delivered good returns since its inception, outperforming large-cap value peers like FDVV and DIVB, and almost keeping pace with its benchmark, the S&P 500.
• HIDV's fundamentals are strong too. I'll dive into its holdings' growth, value, and quality statistics, which match up well against the comparators in this article: FDVV, DIVB, CGDV, and SPY.
• Potential drawbacks include extraordinarily high portfolio turnover rates and self-imposed sector and security constraints, which could tie managers' hands if big tech's attractiveness were to change.
• I've decided to stop just short of issuing a "buy" rating for HIDV, as I want to get a better handle on the consistency of its factor exposures. Still, I believe HIDV is one to watch.

Investment Thesis

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