BGDV vs DIVP: Grades, Fees and Holdings Compared

Bahl & Gaynor Dividend ETF

BGDVBNYSE Arca

Cullen Enhanced Equity Income ETF

DIVPCNYSE Arca

Overlap

4.5%by weight

Expense ratio

BGDV −0.10pt a year

BGDV0.45%DIVP0.55%

Avg volume · 30D

BGDV 3.9×the volume

BGDV32.2KDIVP8.19K

BGDV vs DIVP Performance

Oct 31, 2025 – Oct 30, 2026

+18.9%BGDV+19.6%DIVP

Expense ratio: BGDV 0.45%, better; DIVP 0.55%
Fund size: BGDV $878M; DIVP $63M
1Y total return: BGDV +18.9%; DIVP +19.6%, better
Yield (12M): BGDV 0.94%; DIVP 5.81%, better
Holdings: BGDV 47; DIVP 36
Avg volume (30D): BGDV 32.2K sh, better; DIVP 8.19K sh
NAV per share: BGDV $31.51; DIVP $27.62
52W range

ETF.net Grade

Pillar letters and Scores for BGDV, DIVP, with each pillar’s weight
Pillar	BGDV	DIVP
Cost30% weight	A73Higher	D38
Mission25% weight	Not scored	A100
Risk15% weight	C44	B62Higher
Tradability15% weight	A81Higher	C49
Holdings10% weight	B64Higher	B55
Durability5% weight	A70Higher	C41

Rank among US Active Dividend Income funds

How we build Categories ›

Same Category. BGDV and DIVP are both graded against the same 40 US Active Dividend Income funds, so their Grades compare head to head.

US Active Dividend Income⁠

Category · 40 funds

See all 40 ›

BGDV ranks 4th and DIVP 19th of 40 funds in the US Active Dividend Income Category.

Rank 1ACGDVCapital Group Dividend Value ETFScore 76
Rank 2AHIDVAB US High Dividend ETFScore 73
Rank 3ABGIGBahl & Gaynor Income Growth ETFScore 70
Rank 4BBGDVBahl & Gaynor Dividend ETFScore 67
Rank 4BFDIVMarketDesk Focused U.S. Dividend ETFScore 67
Rank 18CACEPARS Core Equity Portfolio ETFScore 52
Rank 19CDIVPCullen Enhanced Equity Income ETFScore 47
Rank 19CDIVYSound Equity Dividend Income ETFScore 47

Our read on each fund

ETF.net Research

BGDVBBahl & Gaynor Dividend ETF

DIVPCCullen Enhanced Equity Income ETF

In short

BGDV No data

DIVP An actively run US dividend fund that shops both sides of the aisle, value and growth, measures itself against the S&P 500, and pays monthly rather than quarterly. Launched in 2024 and priced right at the category median.

Stated mandate

BGDV No data

DIVP The Fund seeks long-term capital appreciation together with current income.

Why people hold it

BGDV No data

DIVP Income arrives monthly, twelve checks a year instead of the usual four.
The 0.55% expense ratio sits exactly at the median for active US dividend-income ETFs, so the stock picking carries no premium over the typical peer.
The portfolio matches the mandate on the tin: US equities screened on value and growth, benchmarked to the S&P 500. Very little daylight between the pitch and the holdings.
Stands in the upper half of a crowded field of active dividend-income ETFs, a solid showing for a fund this new.

Worth knowing

BGDV No data

DIVP Launched in 2024 and still a small fund, so the track record is short and there is less scale behind it than the category's established names.
Shares change hands lightly, which can mean wider bid/ask spreads than the heavily traded funds in the group.
Cheaper active competition exists in the same cohort: CGDV runs 0.33% and HIDV 0.35% against 0.55% here.

Full BGDV profile⁠

Full DIVP profile⁠

BGDV vs DIVP Holdings

How BGDV and DIVP differ

Overlap by weight

4.5%

Shared holdings make up 5.3% of BGDV and 5.3% of DIVP.

Level by level

Holdings2 in both4.5%
Sector11 Sectors70.6%
Countryby domicile95.2%
Asset classEquity100%

Sector

Sector weights in BGDV and DIVP, widest gap first
Sector	More in BGDVMore in DIVP	BGDV	DIVP
Technology	BGDV +21.2 points	27.9%	6.7%
Consumer Staples	DIVP +9.7 points	2.3%	12.0%
Real Estate	DIVP +5.0 points	1.1%	6.1%
Health Care	DIVP +4.9 points	12.9%	17.8%
Energy	DIVP +4.6 points	6.7%	11.3%
Financials	BGDV +4.1 points	18.4%	14.3%
Industrials	BGDV +4.1 points	14.3%	10.3%
Communication	DIVP +3.4 points	5.2%	8.6%
Utilities	DIVP +1.6 points	4.1%	5.7%
Consumer Discretionary	DIVP +0.2 points	4.9%	5.1%
Materials	DIVP +0.1 points	2.2%	2.3%

Country, concentration and asset class

Country by domicile

Country weights in BGDV and DIVP, widest gap first
Country	More in BGDVMore in DIVP	BGDV	DIVP
Taiwan	BGDV +4.8 points	4.8%	0.0%
United Kingdom	DIVP +2.9 points	0.0%	2.9%
Ireland	DIVP +1.7 points	0.0%	1.7%
United States	DIVP +0.2 points	95.2%	95.4%

Concentration

Weight in the 10 largest Holdings

BGDV35.1%
DIVP37.0%

Securities held

BGDV47
DIVP36

Asset class

BGDV: Equity
DIVP: Equity

Holdings

Only in BGDV45
In both2
Only in DIVP34

Only in BGDV

45 securities, 94.7% of BGDV by weight

Taiwan Semiconductor Manufacturing Co Ltd4.77%
Eli Lilly & Co4.18%
Victory Capital Holdings Inc3.85%
AbbVie Inc3.49%
Motorola Solutions Inc3.40%
Encompass Health Corp3.18%
Broadcom Inc3.17%
NVIDIA Corp3.17%
Targa Resources Corp2.86%
Amphenol Corp2.81%
Cintas Corp2.79%
Microsoft Corp2.68%
Williams Cos Inc/The2.65%
Reinsurance Group of America Inc2.51%
Waste Management Inc2.36%
Reliance Inc2.28%
Meta Platforms Inc2.27%
Western Digital Corp2.16%
Hartford Insurance Group Inc/The2.13%
Snap-on Inc2.08%
Parker-Hannifin Corp2.02%
Alphabet Inc1.93%
Analog Devices Inc1.93%
TJX Cos Inc/The1.92%
NextEra Energy Inc1.87%
Hubbell Inc1.86%
Carrier Global Corp1.84%
Cboe Global Markets Inc1.83%
Ferrari NV1.81%
Travelers Cos Inc/The1.80%
Chevron Corp1.75%
Mondelez International Inc1.63%
CME Group Inc1.44%
Home Depot Inc/The1.28%
Apollo Global Management Inc1.26%
Sempra1.22%
CMS Energy Corp1.20%
Ge Aerospace1.19%
KKR & Co Inc1.11%
Welltower Inc1.05%
Accenture PLC0.98%
Kla Corp0.82%
Casey's General Stores Inc0.80%
Walmart Inc0.75%
Evercore Inc0.56%

Only in DIVP

34 securities, 95.1% of DIVP by weight

Eog Resources Inc4.55%
Conocophillips4.47%
Becton Dickinson and Co3.76%
IBM3.59%
Medtronic PLC3.57%
Sysco Corp3.53%
Merck & Co. Inc.3.37%
Bristol-Myers Squibb Co3.29%
Altria Group Inc3.06%
Keurig Dr Pepper Inc3.05%
Duke Energy Corp3.04%
Vici Properties Inc3.01%
British American Tob-Sp Adr2.93%
United Parcel-B2.93%
Genuine Parts Co2.85%
Ppl Corp2.84%
Truist Financial Corp2.83%
Exxon Mobil Corp2.80%
Qualcomm Inc2.70%
Citigroup Inc2.70%
AT&T Inc2.69%
Healthpeak Properties Inc2.68%
Verizon Communic2.68%
Ppg Industries Inc2.42%
Union Pacific Corp2.38%
American Interna2.37%
Lockheed Martin Corp2.34%
First Horizon Corp2.29%
State Street Communication Services Select Sector2.08%
General Dynamics Corp1.99%
Pnc Financial SE1.99%
Honeywell Aerospace -Wi1.83%
Smurfit Westrock PLC1.70%
USD_Cash0.74%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in BGDV and DIVP, widest gap first
Holding	More in BGDVMore in DIVP	BGDV	DIVP
JPMorgan Chase & Co.JPM	BGDV +0.85 points	2.33%	1.48%
UnitedHealth Group IncUNH	DIVP +0.83 points	3.00%	3.83%

All 47 BGDV holdings⁠All DIVP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BGDV vs DIVP Cost

Overpaying DIVP vs BGDV

$1,863

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

BGDV 0.45%
$9,041
DIVP 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

BGDV 0.45%
DIVP 0.55%
Overpaying

Year by year

Year	BGDV	DIVP	Overpaying
10	$812	$988	$176
20	$3,128	$3,790	$662
30	$9,041	$10,904	$1,863

Expense ratio

0.45%BGDV, cheaper
0.55%DIVP

BGDV0.45%DIVP0.55%

0.25%0.99%

Middle half of US Active Dividend Income funds
Median 0.50%

BGDV 9th cheapest of 40 funds

DIVP 24th cheapest of 40 funds

BGDV vs DIVP Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BGDV 0.94%; DIVP 5.81%, better
Payout (12M): BGDV $0.29; DIVP $1.61
Last payment: BGDV $0.02; DIVP $0.11
Ex-dividend: BGDV Oct 29, 2026; DIVP Oct 29, 2026
Paid on: BGDV Pays Nov 2, 2026; DIVP Oct 30, 2026
Frequency: BGDV Monthly; DIVP Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

BGDVMonthly · 23 paymentsAll BGDV payments⁠

DIVPMonthly · 32 paymentsAll DIVP payments⁠

BGDV vs DIVP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BGDV 11.4%since Jan 2025DIVP 10.6%since Apr 2024
Return per unit of riskSharpe ratio, 3 years: BGDV 1.00since Jan 2025DIVP 0.49since Apr 2024
Worst fallMax drawdown, 5 years: BGDV −14.8%since Dec 2024DIVP −12.2%since Mar 2024
Market sensitivityBeta, 5 years: BGDV 0.69DIVP 0.35; Market = 1

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