Madison Dividend Value ETF
$24.77−0.04 (−0.16%)
- Expense ratio
- 0.65%
- Fund size
- $61M
- 1Y return
- +9.6%
- Yield · Last 12 months
- 1.79%
- Holdings
- 40
- Volume · 30D
- 0M sh
- NAV per share
- $24.91
- 52W range
The ETF.net DIVL Grade
Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 33Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 40Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 14Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 47Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 60Category rank
Our read on DIVL
DMost dividend funds screen for headline yield. Madison buys quality payers when their own yield sits unusually high versus its history, which usually means the crowd is nervous. Roughly 40 stocks, actively picked, paid monthly.
The Fund seeks current income while also providing an opportunity for capital appreciation.
Why people hold it
- The screen is spelled out: yield at least 110% of the S&P 500's, market cap above $1 billion, a strong balance sheet, and a dividend the manager expects to keep rising.sec.gov
- Relative yield discipline favors stocks whose dividend yields sit in the top quarter of their own historic range. A valuation trigger, not a raw-yield chase.madisonfunds.commadisonfunds.com
- Concentrated by design, around 40 names with at least 80% of assets in dividend payers, and income goes out monthly rather than quarterly.sec.gov
Worth knowing
- At 0.65% it runs above the dividend-income median and well above active peers like CGDV (0.33%) and TDVG (0.50%). Stock picking is what you're paying up for.
- Thinly traded next to the category's heavyweights, so the spread is part of your cost of entry, not just the expense ratio.
- Launched in 2023, so the ETF itself is young, though relative yield is Madison's long-running house approach to dividend investing.madisoninvestments.com
DIVL Holdings
- Stocks
- 40
- 41%
- JNJ
Sectors
- Financials19.7%
- Energy17.7%
- Industrials15.3%
- Health Care14.7%
- Cons. Staples8.9%
- Technology7.3%
- Consumer Discr.7.0%
- Utilities3.7%
- Materials3.0%
- Real Estate2.9%
Geography
- United States96.05%
- Ireland2.94%
- Canada1.02%
DIVL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | DIVL |
|---|---|
| Year to date | +9.5% |
| 1 month | −3.9% |
| 3 months | +1.4% |
| 1 year | +9.6% |
| 3 years | +11.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DIVL |
|---|---|---|
| 2026 YTD | +9.5% | |
| 2025 | +9.8% | |
| 2024 | +8.8% | |
| 2023 | +1.8% |
DIVL in the news
ETF.net Research hasn’t filed on DIVL yet — coverage lands here as it’s written.
DIVL Dividends
- 1.79%
- $0.44
- $0.04 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 31, 2026 | $0.04 |
| Jul 29, 2026 | Jul 31, 2026 | $0.03 |
| Jun 26, 2026 | Jun 30, 2026 | $0.04 |
| May 27, 2026 | May 29, 2026 | $0.04 |
| Apr 28, 2026 | Apr 30, 2026 | $0.03 |
| Mar 27, 2026 | Mar 31, 2026 | $0.06 |
| Feb 25, 2026 | Feb 27, 2026 | $0.02 |
| Jan 28, 2026 | Jan 30, 2026 | $0.02 |
| Dec 26, 2025 | Dec 30, 2025 | $0.06 |
| Nov 26, 2025 | Nov 28, 2025 | $0.04 |
| Oct 29, 2025 | Oct 31, 2025 | $0.02 |
| Sep 26, 2025 | Sep 30, 2025 | $0.04 |
DIVL Risk
- 11.8%
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.
- 0.57
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.
- −14.0%
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.
- 0.53
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DIVL Cost
- The middle half of US Active Dividend Income funds
- Median 0.51%
24 of the 40 US Active Dividend Income funds charge less.