BGDV vs DIVZ: Grades, Fees and Holdings Compared

Bahl & Gaynor Dividend ETF

BGDVBNYSE Arca

Polen Dividend Income ETF

DIVZCNYSE Arca

Overlap

19.2%by weight

Expense ratio

BGDV −0.20pt a year

BGDV0.45%DIVZ0.65%

Avg volume · 30D

BGDV 1.1×the volume

BGDV33KDIVZ29.1K

BGDV vs DIVZ Performance

Nov 7, 2025 – Nov 9, 2026

+18.7%BGDV+9.9%DIVZ

Expense ratio: BGDV 0.45%, better; DIVZ 0.65%
Fund size: BGDV $852M; DIVZ $309M
1Y total return: BGDV +18.7%, better; DIVZ +9.9%
Yield (12M): BGDV 0.94%; DIVZ 2.54%, better
Holdings: BGDV 47; DIVZ 31
Avg volume (30D): BGDV 33K sh, better; DIVZ 29.1K sh
NAV per share: BGDV $30.53; DIVZ $37.23
52W range

ETF.net Grade

Pillar letters and Scores for BGDV, DIVZ, with each pillar’s weight
Pillar	BGDV	DIVZ
Cost30% weight	A73Higher	D28
Mission25% weight	Not scored	Not scored
Risk15% weight	C45	B55Higher
Tradability15% weight	A82Higher	A72
Holdings10% weight	B62Higher	D27
Durability5% weight	A70	A80Higher

Rank among US Active Dividend Income funds

How we build Categories ›

Same Category. BGDV and DIVZ 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 DIVZ 23rd of 40 funds in the US Active Dividend Income Category.

Rank 1ACGDVCapital Group Dividend Value ETFScore 76
Rank 2AHIDVAB US High Dividend ETFScore 74
Rank 3ABGIGBahl & Gaynor Income Growth ETFScore 71
Rank 4BBGDVBahl & Gaynor Dividend ETFScore 67
Rank 4BFDIVMarketDesk Focused U.S. Dividend ETFScore 67
Rank 21CDIVPCullen Enhanced Equity Income ETFScore 47
Rank 23CDIVZPolen Dividend Income ETFScore 45
Rank 23CFRIZFranklin Dividend Growth ETFScore 45

Our read on each fund

ETF.net Research

BGDVBBahl & Gaynor Dividend ETF

DIVZCPolen Dividend Income ETF

In short

BGDV No data

DIVZ About 30 stocks, picked one at a time, with a value lens and a monthly payout. DIVZ is the stock-picker's answer to the dividend index screen, aiming for a higher yield and lower volatility than the S&P 500.

Stated mandate

BGDV No data

DIVZ The actively managed fund seeks capital appreciation with lower volatility and a higher dividend yield than the S&P 500 Index.

Why people hold it

BGDV No data

DIVZ Actively managed, not rules-screened: the mandate targets capital appreciation with lower volatility and a higher dividend yield than the S&P 500.
Pays monthly, so the income arrives on the same rhythm as most bills instead of in quarterly lumps.
A value discipline sits underneath the yield, aiming at cheaper cash generators rather than whatever pays the most today.
Roughly 30 names, all US-listed. Every position is a real decision, not index filler.

Worth knowing

BGDV No data

DIVZ At 0.65% a year it sits above the typical fee in its dividend-income group, and active peers like CGDV (0.33%) and TDVG (0.50%) charge less.
Concentration cuts both ways: with about 30 holdings, a single stumble moves the fund far more than it would in a broad index.
Volume is thin next to the giant dividend ETFs, so spreads and limit orders matter more here.

Full BGDV profile⁠

Full DIVZ profile⁠

BGDV vs DIVZ Holdings

How BGDV and DIVZ differ

Overlap by weight

19.2%

Shared holdings make up 31.9% of DIVZ and 19.2% of BGDV.

Level by level

Holdings8 in both19.2%
Sector11 Sectors63.7%
Countryby domicile93.1%
Asset classStocks100%

Sector

Sector weights in BGDV and DIVZ, widest gap first
Sector	Gap	BGDV	DIVZ
Financials	BGDV +13.0 points	20.3%	7.3%
Energy	DIVZ +10.2 points	6.6%	16.8%
Utilities	DIVZ +9.0 points	4.5%	13.5%
Consumer Staples	DIVZ +8.8 points	2.6%	11.4%
Technology	BGDV +7.1 points	23.2%	16.1%
Industrials	BGDV +6.5 points	14.7%	8.2%
Consumer Discretionary	BGDV +6.2 points	6.2%	0.0%
Communication	DIVZ +5.1 points	4.0%	9.1%
Health Care	DIVZ +3.3 points	14.4%	17.7%
Materials	BGDV +2.5 points	2.5%	0.0%
Real Estate	BGDV +1.1 points	1.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in BGDV and DIVZ, widest gap first
Country	Gap	BGDV	DIVZ
Taiwan	BGDV +3.9 points	3.9%	0.0%
Brazil	DIVZ +3.5 points	0.0%	3.5%
Canada	DIVZ +2.9 points	0.0%	2.9%
Italy	BGDV +2.0 points	1.9%	0.0%
Ireland	BGDV +1.1 points	1.1%	0.0%
United States	DIVZ +0.6 points	93.1%	93.7%

Concentration

Weight in the 10 largest Holdings

BGDV35.8%
DIVZ48.9%

Securities held

BGDV47
DIVZ31

Asset class

BGDV: Stocks
DIVZ: Stocks

Holdings

Only in BGDV39
In both8
Only in DIVZ23

Only in BGDV

39 securities, 80.8% of BGDV by weight

Victory Capital Holdings Inc4.71%
Eli Lilly & Co4.26%
Taiwan Semiconductor Manufacturing Co Ltd3.81%
Motorola Solutions Inc3.66%
Encompass Health Corp3.43%
Cintas Corp2.93%
NVIDIA Corp2.86%
Amphenol Corp2.64%
Reinsurance Group of America Inc2.58%
Targa Resources Corp2.50%
Waste Management Inc2.50%
Reliance Inc2.47%
JPMorgan Chase & Co.2.34%
Williams Cos Inc/The2.34%
Meta Platforms Inc2.29%
Hartford Insurance Group Inc/The2.23%
Snap-on Inc2.20%
Cboe Global Markets Inc2.12%
Parker-Hannifin Corp2.06%
Ferrari NV1.94%
TJX Cos Inc/The1.90%
Hubbell Inc1.88%
Travelers Cos Inc/The1.85%
Carrier Global Corp1.79%
Mondelez International Inc1.78%
Analog Devices Inc1.67%
Western Digital Corp1.49%
Home Depot Inc/The1.39%
Apollo Global Management Inc1.29%
Ge Aerospace1.27%
CMS Energy Corp1.24%
KKR & Co Inc1.16%
Sempra1.14%
Welltower Inc1.14%
Accenture PLC1.06%
Casey's General Stores Inc0.84%
Walmart Inc0.81%
Kla Corp0.70%
Evercore Inc0.56%

Only in DIVZ

23 securities, 68.1% of DIVZ by weight

Philip Morris International Inc6.38%
Mplx Lp5.60%
Johnson & Johnson5.05%
Altria Group Inc4.71%
Brookfield Infrastructure Corp3.59%
Verizon Communications Inc3.10%
QUALCOMM Inc3.08%
T-Mobile US Inc3.08%
Rtx Corporation3.08%
ExxonMobil Holdings Corp3.04%
Enbridge Inc2.79%
Cisco Systems Inc/Delaware2.59%
Union Pacific Corp2.58%
Atmos Energy Corp2.50%
Blackstone Inc2.40%
Abbott Laboratories2.38%
American Electric Power Co Inc2.31%
United Parcel Service Inc2.31%
Texas Instruments Inc2.21%
Qxo Inc Qxo 5 1/22.14%
Goldman Sachs Group Inc/The1.51%
Dell Technologies Inc1.20%
State Street Inst U.s. Government Mmkt Admn Class0.48%

Weight gaps

All 8 Holdings in both funds, largest gap first.

Holding weights in BGDV and DIVZ, widest gap first
Holding	Gap	BGDV	DIVZ
Chevron CorpCVX	DIVZ +3.28 points	1.66%	4.94%
UnitedHealth Group IncUNH	DIVZ +2.73 points	2.97%	5.70%
NextEra Energy IncNEE	DIVZ +2.68 points	2.03%	4.71%
CME Group IncCME	DIVZ +1.69 points	1.54%	3.23%
Alphabet IncGOOGL	DIVZ +0.88 points	1.75%	2.63%
Microsoft CorpMSFT	DIVZ +0.57 points	3.55%	4.12%
AbbVie IncABBV	DIVZ +0.47 points	3.59%	4.06%
Broadcom IncAVGO	DIVZ +0.40 points	2.10%	2.50%

All 47 BGDV holdings⁠All 31 DIVZ 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 DIVZ Cost

Overpaying DIVZ vs BGDV

$3,676

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

BGDV 0.45%
$9,041
DIVZ 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

BGDV 0.45%
DIVZ 0.65%
Overpaying

Year by year

Year	BGDV	DIVZ	Overpaying
10	$812	$1,163	$351
20	$3,128	$4,440	$1,312
30	$9,041	$12,717	$3,676

Expense ratio

0.45%BGDV, cheaper
0.65%DIVZ

BGDV0.45%DIVZ0.65%

0.25%0.99%

Middle half of US Active Dividend Income funds
Median 0.50%

BGDV 9th cheapest of 40 funds

DIVZ 27th cheapest of 40 funds

BGDV vs DIVZ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BGDV 0.94%; DIVZ 2.54%, better
Payout (12M): BGDV $0.29; DIVZ $0.96
Last payment: BGDV $0.02; DIVZ $0.07
Ex-dividend: BGDV Oct 29, 2026; DIVZ Oct 29, 2026
Paid on: BGDV Nov 2, 2026; DIVZ Oct 30, 2026
Frequency: BGDV Monthly; DIVZ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BGDVMonthly · 23 paymentsAll BGDV payments⁠

DIVZMonthly · 36 paymentsAll DIVZ payments⁠

BGDV vs DIVZ 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 2025DIVZ 10.5%
Return per unit of riskSharpe ratio, 3 years: BGDV 1.00since Jan 2025DIVZ 1.15
Worst fallMax drawdown, 5 years: BGDV −14.8%since Dec 2024DIVZ −15.5%
Market sensitivityBeta, 5 years: BGDV 0.66DIVZ 0.45; Market = 1

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