BGDV vs RFDA: Grades, Fees and Holdings Compared

Bahl & Gaynor Dividend ETF

BGDVBNYSE Arca

ALPS Dynamic US Dividend Advantage ETF

RFDACNYSE Arca

Overlap

17.4%by weight

Expense ratio

BGDV −0.07pt a year

BGDV0.45%RFDA0.52%

Avg volume · 30D

BGDV 8.9×the volume

BGDV32.2KRFDA3.62K

BGDV vs RFDA Performance

Oct 31, 2025 – Oct 30, 2026

+18.9%BGDV+17.6%RFDA

Expense ratio: BGDV 0.45%, better; RFDA 0.52%
Fund size: BGDV $878M; RFDA $79M
1Y total return: BGDV +18.9%, better; RFDA +17.6%
Yield (12M): BGDV 0.94%; RFDA 1.98%, better
Holdings: BGDV 47; RFDA 77
Avg volume (30D): BGDV 32.2K sh, better; RFDA 3.62K sh
NAV per share: BGDV $31.51; RFDA $73.16
52W range

ETF.net Grade

Pillar letters and Scores for BGDV, RFDA, with each pillar’s weight
Pillar	BGDV	RFDA
Cost30% weight	A73Higher	C44
Mission25% weight	Not scored	B61
Risk15% weight	C44Higher	D38
Tradability15% weight	A81Higher	B62
Holdings10% weight	B64	A83Higher
Durability5% weight	A70	A78Higher

Rank among US Active Dividend Income funds

How we build Categories ›

Same Category. BGDV and RFDA 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 RFDA 17th 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 15BVDIGVanguard Wellington Dividend Growth Active ETFScore 54
Rank 17CRFDAALPS Dynamic US Dividend Advantage ETFScore 53
Rank 18CACEPARS Core Equity Portfolio ETFScore 52

Our read on each fund

ETF.net Research

BGDVBBahl & Gaynor Dividend ETF

RFDACALPS Dynamic US Dividend Advantage ETF

In short

BGDV No data

RFDA A 2016-vintage active dividend fund that doesn't screen on yield alone: RFDA ranks US payers on growth, momentum, quality and value at once, then sends income out monthly instead of quarterly.

Stated mandate

BGDV No data

RFDA RFDA seeks capital appreciation and dividend income through a disciplined US dividend-growth strategy using quality screens and active factor-driven selection.

Why people hold it

BGDV No data

RFDA Four factors drive the picks (growth, momentum, quality, value), so the portfolio isn't just the highest yielders sorted top down.
Income is paid monthly, a rhythm most equity funds don't offer.
Charges 0.52% a year, a touch under the median for active US dividend-income funds.
Live since 2016, giving it a real multi-market track record, and it lands in the upper half of its dividend-income peer group on our review.

Worth knowing

BGDV No data

RFDA Small and thinly traded. Limit orders and a glance at the spread matter more here than with a giant index fund.
Cheaper active dividend options exist: CGDV runs 0.33% and HIDV 0.35%.
Active selection means results can diverge from the S&P 500 it measures itself against, in either direction.

Full BGDV profile⁠

Full RFDA profile⁠

BGDV vs RFDA Holdings

How BGDV and RFDA differ

Overlap by weight

17.4%

Shared holdings make up 27.6% of BGDV and 18.9% of RFDA.

Level by level

Holdings11 in both17.4%
Sector11 Sectors77.8%
Countryby domicile97.2%
Asset classEquity100%

Sector

Sector weights in BGDV and RFDA, widest gap first
Sector	More in BGDVMore in RFDA	BGDV	RFDA
Technology	BGDV +13.3 points	27.9%	14.6%
Industrials	BGDV +7.4 points	14.3%	7.0%
Energy	RFDA +6.4 points	6.7%	13.1%
Consumer Staples	RFDA +5.9 points	2.3%	8.2%
Consumer Discretionary	RFDA +4.5 points	4.9%	9.4%
Real Estate	RFDA +2.6 points	1.1%	3.7%
Health Care	RFDA +1.9 points	12.9%	14.8%
Materials	BGDV +1.2 points	2.2%	1.0%
Utilities	RFDA +0.5 points	4.1%	4.6%
Financials	BGDV +0.4 points	18.4%	18.0%
Communication	RFDA +0.4 points	5.2%	5.6%

Country, concentration and asset class

Country by domicile

Country weights in BGDV and RFDA, widest gap first
Country	More in BGDVMore in RFDA	BGDV	RFDA
Taiwan	BGDV +2.9 points	4.8%	1.9%
Canada	RFDA +1.4 points	0.0%	1.4%
United Kingdom	RFDA +1.1 points	0.0%	1.1%
United States	RFDA +0.4 points	95.2%	95.6%

Concentration

Weight in the 10 largest Holdings

BGDV35.1%
RFDA29.3%

Securities held

BGDV47
RFDA76

Asset class

BGDV: Equity
RFDA: Equity

Holdings

Only in BGDV36
In both11
Only in RFDA65

Only in BGDV

36 securities, 72.4% of BGDV by weight

Victory Capital Holdings Inc3.85%
AbbVie Inc3.49%
Motorola Solutions Inc3.40%
Encompass Health Corp3.18%
Broadcom Inc3.17%
Targa Resources Corp2.86%
Amphenol Corp2.81%
Cintas Corp2.79%
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%
NextEra Energy Inc1.87%
Hubbell Inc1.86%
Carrier Global Corp1.84%
Cboe Global Markets Inc1.83%
Ferrari NV1.81%
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%
Accenture PLC0.98%
Kla Corp0.82%
Casey's General Stores Inc0.80%
Evercore Inc0.56%

Only in RFDA

65 securities, 77.3% of RFDA by weight

Johnson & Johnson3.27%
ConocoPhillips2.89%
Phillips 662.73%
Coca-Cola Co.2.70%
Citigroup Inc.2.39%
Merck & Co. Inc.2.31%
Exxon Mobil Corp.2.28%
Apple Inc.2.07%
Lockheed Martin Corp.2.01%
Bristol-Myers Squibb Co.1.90%
US Bancorp1.68%
Philip Morris International Inc.1.50%
Wells Fargo & Co.1.39%
Hewlett Packard Enterprise Co.1.38%
Altria Group Inc.1.36%
Verizon Communications Inc.1.31%
Goldman Sachs Group Inc.1.30%
Franklin Resources Inc.1.30%
Alphabet Inc.1.26%
Myers Industries Inc.1.25%
Invesco Ltd.1.25%
NIKE Inc.1.23%
Greif Inc.1.20%
Pfizer Inc.1.18%
Gilead Sciences Inc.1.16%
AT&T Inc.1.12%
OneMain Holdings Inc.1.11%
Caterpillar Inc.1.10%
Union Pacific Corp.1.09%
Crescent Energy Co.1.05%
Amcor PLC1.04%
Vail Resorts Inc.1.04%
QUALCOMM Inc.1.01%
Kraft Heinz Co.1.00%
Cigna Group0.97%
Kinder Morgan Inc.0.97%
RTX Corp.0.97%
Edison International0.95%
T Rowe Price Group Inc.0.95%
Omnicom Group Inc.0.94%
AES Corp.0.93%
Schlumberger Ltd.0.92%
Duke Energy Corp.0.91%
Alliant Energy Corp.0.91%
PNC Financial Services Group Inc.0.90%
Invitation Homes Inc.0.89%
Camden Property Trust0.89%
Southern Copper Corp.0.89%
Enbridge Inc.0.86%
Everest Group Ltd.0.83%

Weight gaps

All 11 Holdings in both funds, largest gap first.

Holding weights in BGDV and RFDA, widest gap first
Holding	More in BGDVMore in RFDA	BGDV	RFDA
Eli Lilly & CoLLY	BGDV +3.33 points	4.18%	0.85%
Taiwan Semiconductor Manufacturing Co LtdTSM	BGDV +3.00 points	4.77%	1.77%
Travelers Cos Inc/TheTRV	BGDV +1.20 points	1.80%	0.60%
TJX Cos Inc/TheTJX	BGDV +1.17 points	1.92%	0.75%
Analog Devices IncADI	BGDV +1.13 points	1.93%	0.80%
Walmart IncWMT	RFDA +0.85 points	0.75%	1.60%
JPMorgan Chase & Co.JPM	RFDA +0.59 points	2.33%	2.92%
NVIDIA CorpNVDA	BGDV +0.18 points	3.17%	2.99%
UnitedHealth Group IncUNH	BGDV +0.07 points	3.00%	2.93%
Microsoft CorpMSFT	BGDV +0.05 points	2.68%	2.63%
Welltower IncWELL	BGDV +0.02 points	1.05%	1.03%

All 47 BGDV holdings⁠All RFDA 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 RFDA Cost

Overpaying RFDA vs BGDV

$1,310

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

BGDV 0.45%
$9,041
RFDA 0.52%
$10,351

Amount$10,000

Years30 years

Cost over time

BGDV 0.45%
RFDA 0.52%
Overpaying

Year by year

Year	BGDV	RFDA	Overpaying
10	$812	$935	$123
20	$3,128	$3,593	$465
30	$9,041	$10,351	$1,310

Expense ratio

0.45%BGDV, cheaper
0.52%RFDA

BGDV0.45%RFDA0.52%

0.25%0.99%

Middle half of US Active Dividend Income funds
Median 0.50%

BGDV 9th cheapest of 40 funds

RFDA 23rd cheapest of 40 funds

BGDV vs RFDA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BGDV 0.94%; RFDA 1.98%, better
Payout (12M): BGDV $0.29; RFDA $1.45
Last payment: BGDV $0.02; RFDA $0.07
Ex-dividend: BGDV Oct 29, 2026; RFDA Oct 22, 2026
Paid on: BGDV Pays Nov 2, 2026; RFDA Oct 27, 2026
Frequency: BGDV Monthly; RFDA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BGDVMonthly · 23 paymentsAll BGDV payments⁠

RFDAMonthly · 46 paymentsAll RFDA payments⁠

BGDV vs RFDA 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 2025RFDA 11.5%
Return per unit of riskSharpe ratio, 3 years: BGDV 1.00since Jan 2025RFDA 1.45
Worst fallMax drawdown, 5 years: BGDV −14.8%since Dec 2024RFDA −19.4%
Market sensitivityBeta, 5 years: BGDV 0.69RFDA 0.85; Market = 1

BGDV and RFDA in the news

All news⁠

ETF Filings
ALPS files N10's growth ETF without the 351 exchange or $350 million from June
Sep 9, 2026RFDA

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BGDV vs RFDA

In short

Stated mandate

Why people hold it

Worth knowing

How BGDV and RFDA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BGDV

Only in RFDA

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

ALPS files N10's growth ETF without the 351 exchange or $350 million from June