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Launched · SEC filings

Dana Concentrated Dividend ETF

DIVENYSE ArcaDanaD

$28.45+0.23 (+0.82%)

At close: Nov 2, 2026, 4:00 PM ET

D29/ 100

Rank 36 of 40 in US Active Dividend Income

D29/100Rank 36 of 40inUS Active Dividend Income
Intraday session: up, 73 prints from 28.22 to 28.45. Range 28.22 to 28.51. Use the arrow keys to read each point.28.2528.3028.3528.4028.5010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$48M
1Y total return
+17.8%
Yield · Last 12 months
No data
Holdings
36
Avg volume · 30D
2.16K sh
52W range
low $23.62high $28.43
Launched
Filings
SEC EDGAR

The ETF.net DIVE Grade

Based on 5 of 6 pillars

D

Score 29 out of 100

Category
US Active Dividend Income⁠
Rank
36 of 40
Six-pillar profile for DIVE. Scores out of 100: Cost 28, Risk 21, Mission not scored, Tradability 31, Holdings 36, Durability 47. Strongest: Durability (47). Weakest: Risk (21). Based on 5 of 6 pillars.

Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 27 of 40

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 35 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 35 of 40

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 33 of 40

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 26 of 40

Our read on DIVE

ETF.net Research

In short

DMost dividend funds spread their bets over hundreds of names. DIVE goes the other way: an actively picked book of roughly 25 to 35 dividend payers, chasing growth and income at once. It launched in September 2025, so the track record starts here.

Stated mandate

The Fund seeks long-term capital appreciation and income through an actively managed portfolio of approximately 25 to 35 primarily dividend-paying equity securities.

Why people hold it

  • Real concentration, by design: the prospectus targets roughly 25 to 35 primarily dividend-paying stocks, so a single good pick still moves the needle.
  • The mandate is two-sided, long-term capital appreciation plus income, not a yield chase with the growth engine bolted shut.
  • The manager can shop outside the US as well as at home, so a dividend payer in Europe or Asia is fair game.
  • Simple plumbing: a standard 1940 Act ETF holding stocks. No derivatives overlay, no K-1 at tax time.

Worth knowing

  • At 0.65%, the fee sits above the 0.55% median for active dividend funds and well above cheaper rivals like CGDV (0.33%) and HIDV (0.35%).
  • A 2025 launch with no multi-year record, and on the measures we track it currently sits in the lower reaches of a crowded peer group.
  • Small asset base and thin trading, which usually means wider bid-ask spreads than the category's household names.

DIVE Performance

Launched Sep 15, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
DIVE$11,776
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DIVE $11,776. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DIVE. Periods over one year show the average yearly return.
PeriodDIVE
Year to date+11.8%
1 month+5.4%
3 months+4.4%
1 year+17.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DIVE
YearReturn barDIVE
2026 YTD+11.8%
2025+2.2%

History from Sep 16, 2025

DIVE in the news

DIVE Dividends

Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.17; Mar 30, 2026 $0.08; Jun 29, 2026 $0.03; Sep 29, 2026 $0.07. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.07
Jun 29, 2026Jun 30, 2026$0.03
Mar 30, 2026Mar 31, 2026$0.08
Dec 30, 2025Dec 31, 2025$0.17

$10,000 in DIVE 1 year ago paid $146 in dividends.

DIVE Risk

Risk pillarF21 out of 100Rank 35 of 38 in US Active Dividend Income
How much the fund’s monthly returns vary, scaled to a year.
14.3%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.66
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.5%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DIVE Cost

Compare DIVE and VUS

Overpaying vs VUS, cheapest in US Active Dividend Income

$7,558

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DIVE 0.65%

    $12,717

  • VUS 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • DIVE 0.65%
  • VUS 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DIVE $12,717VUS $5,159

Year by year

YearDIVEVUSOverpaying
10$1,163$455$708
20$4,440$1,769$2,671
30$12,717$5,159$7,558

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