Madison Dividend Value ETF
$25.03+0.02 (+0.07%)
- 0.65%
- $60M
- +13.5%
- 1.77%
- 0M sh
- $24.80
- low $22.12high $25.95
The ETF.net DIVL Grade
C
Score 41 out of 100
- 24 of 40
Score 41 of 100 falls in the C 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.D33 out of 100Rank 25 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.C40 out of 100Rank 12 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 19 of 38Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 28 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 29 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 17 of 40
Our read on DIVL
CMost 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
- 39
- 42%
- JNJ
Sectors
- Energy17.8%
- Financials17.2%
- Health Care17.1%
- Industrials14.0%
- Consumer Staples9.2%
- Technology8.1%
- Consumer Discretionary6.5%
- Materials3.8%
- Utilities3.6%
- Real Estate2.8%
Geography
- United States96.29%
- Ireland2.80%
- Canada0.90%
DIVL Performance
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.
DIVL$11,350
Returns run to the Oct 12, 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 | +10.7% |
| 1 month | −0.6% |
| 3 months | +1.4% |
| 1 year | +13.5% |
| 3 years | +12.2% |
| 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 | +10.7% | |
| 2025 | +9.8% | |
| 2024 | +8.8% | |
| 2023 | +1.8% |
DIVL in the news
DIVL Dividends
- 1.77%
- $0.44
- $0.04 per share
- Monthly
Distribution history
DIVL Risk
- 11.9%
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.
- 0.55
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.
- 0.54
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
0.65%
DIVL0.65%
- The middle half of US Active Dividend Income funds
- Median 0.51%
24 of the 40 US Active Dividend Income funds charge less.
Other funds in US Active Dividend Income
- CDIVZPolen Dividend Income ETFExpense ratio 0.65%1 year return +6.9%
- CFRIZFranklin Dividend Growth ETFExpense ratio 0.49%1 year return +9.7%
- CSPCTLiberty One Spectrum ETFExpense ratio 0.88%1 year return +10.6%
- CDVVYInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Diversified Dividend Opportunities ETFExpense ratio 0.33%1 year return —
- CGENDGenter Capital Dividend Income ETFExpense ratio 0.38%1 year return +21.0%