BGDV vs SPCT: Grades, Fees and Holdings Compared

Bahl & Gaynor Dividend ETF

BGDVBNYSE Arca

Liberty One Spectrum ETF

SPCTDNasdaq

Overlap

25.1%by weight

Expense ratio

BGDV −0.40pt a year

BGDV0.45%SPCT0.85%

Avg volume · 30D

BGDV 4.4×the volume

BGDV32.8KSPCT7.52K

BGDV vs SPCT Performance

Nov 5, 2025 – Nov 5, 2026

+15.6%BGDV+13.3%SPCT

Expense ratio: BGDV 0.45%, better; SPCT 0.85%
Fund size: BGDV $882M; SPCT $75M
1Y total return: BGDV +15.6%, better; SPCT +13.3%
Yield (12M): BGDV 0.96%; SPCT No data
Holdings: BGDV 47; SPCT 49
Avg volume (30D): BGDV 32.8K sh, better; SPCT 7.52K sh
NAV per share: BGDV $31.67; SPCT $28.87
52W range

ETF.net Grade

Pillar letters and Scores for BGDV, SPCT, with each pillar’s weight
Pillar	BGDV	SPCT
Cost30% weight	A73Higher	F10
Mission25% weight	Not scored	C40
Risk15% weight	C42	C48Higher
Tradability15% weight	A83Higher	B67
Holdings10% weight	B62	A80Higher
Durability5% weight	A70Higher	C49

Rank among US Active Dividend Income funds

How we build Categories ›

Same Category. BGDV and SPCT 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 SPCT 27th 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 71
Rank 4BBGDVBahl & Gaynor Dividend ETFScore 67
Rank 5BFDIVMarketDesk Focused U.S. Dividend ETFScore 66
Rank 27CDVVYInvesco Diversified Dividend Opportunities ETFScore 40
Rank 27DSPCTLiberty One Spectrum ETFScore 40
Rank 27CUDIUSCF Dividend Income ETFScore 40

Our read on each fund

ETF.net Research

BGDVBBahl & Gaynor Dividend ETF

SPCTDLiberty One Spectrum ETF

In short

BGDV No data

SPCT An active dividend fund that slices US large caps into twelve sector buckets, then equal-weights both the sectors and the stocks inside them, and pays out monthly. No mega-cap gravity, no index to hide behind.

Stated mandate

BGDV No data

SPCT SPCT seeks capital appreciation and current income. It is actively managed and invests mainly in dividend-paying large-capitalization U.S. common stocks across most U.S. equity sectors, generally with equal weighting.

Why people hold it

BGDV No data

SPCT Equal weight by stock and by sector across twelve buckets, including oddballs like consumer food and retail, so no single mega-cap sets the tone.sec.gov
Built around large-cap "blue chip" payers in the Russell 1000 range, chosen for long records of dividend increases in the adviser's view.sec.gov
Income lands monthly rather than quarterly, which smooths the cash-flow calendar.

Worth knowing

BGDV No data

SPCT Fee is 0.85% net of a contractual waiver through December 1, 2026, and 0.88% before it, above the category median; VUS charges 0.25%, CGDV 0.33%.sec.gov
Thinly traded next to the category's heavyweights, so spreads can run wider; limit orders are the usual workaround.
No index to anchor it: results ride on the managers' stock and sector calls, and the live record starts only at the September 2025 launch.

Full BGDV profile⁠

Full SPCT profile⁠

BGDV vs SPCT Holdings

How BGDV and SPCT differ

Overlap by weight

25.1%

Shared holdings make up 30.8% of BGDV and 28.9% of SPCT.

Level by level

Holdings13 in both25.1%
Sector11 Sectors66.6%
Countryby domicile93.1%
Asset classEquity100%

Sector

Sector weights in BGDV and SPCT, widest gap first
Sector	Gap	BGDV	SPCT
Consumer Staples	SPCT +13.9 points	2.3%	16.1%
Technology	BGDV +11.9 points	27.9%	16.0%
Financials	BGDV +8.8 points	18.4%	9.6%
Consumer Discretionary	SPCT +8.5 points	4.9%	13.4%
Real Estate	SPCT +8.3 points	1.1%	9.4%
Industrials	BGDV +5.3 points	14.3%	9.1%
Energy	BGDV +4.6 points	6.7%	2.1%
Health Care	BGDV +2.7 points	12.9%	10.2%
Utilities	SPCT +2.0 points	4.1%	6.1%
Communication	SPCT +0.8 points	5.2%	6.0%
Materials	BGDV +0.2 points	2.2%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in BGDV and SPCT, widest gap first
Country	Gap	BGDV	SPCT
United States	SPCT +4.9 points	93.1%	98.0%
Taiwan	BGDV +3.9 points	3.9%	0.0%
United Kingdom	SPCT +2.0 points	0.0%	2.0%
Italy	BGDV +2.0 points	1.9%	0.0%
Ireland	BGDV +1.1 points	1.1%	0.0%

Concentration

Weight in the 10 largest Holdings

BGDV35.5%
SPCT25.6%

Securities held

BGDV47
SPCT49

Asset class

BGDV: Equity
SPCT: Equity

Holdings

Only in BGDV34
In both13
Only in SPCT36

Only in BGDV

34 securities, 69.2% of BGDV by weight

Victory Capital Holdings Inc4.57%
Taiwan Semiconductor Manufacturing Co Ltd3.87%
AbbVie Inc3.50%
Encompass Health Corp3.39%
NVIDIA Corp2.96%
Cintas Corp2.91%
Amphenol Corp2.70%
Targa Resources Corp2.60%
Reinsurance Group of America Inc2.53%
Reliance Inc2.53%
Waste Management Inc2.43%
Williams Cos Inc/The2.39%
Hartford Insurance Group Inc/The2.21%
Snap-on Inc2.13%
Cboe Global Markets Inc1.99%
Parker-Hannifin Corp1.97%
Ferrari NV1.95%
Hubbell Inc1.85%
Carrier Global Corp1.84%
Analog Devices Inc1.80%
Western Digital Corp1.76%
Mondelez International Inc1.75%
Alphabet Inc1.71%
CME Group Inc1.49%
Apollo Global Management Inc1.30%
Ge Aerospace1.25%
CMS Energy Corp1.22%
Sempra1.17%
KKR & Co Inc1.17%
Welltower Inc1.11%
Accenture PLC1.04%
Casey's General Stores Inc0.79%
Kla Corp0.73%
Evercore Inc0.59%

Only in SPCT

36 securities, 71.2% of SPCT by weight

Texas Instruments, Inc.2.96%
Apple, Inc.2.84%
Amazon.com, Inc.2.37%
Booking Holdings, Inc.2.25%
Intuit, Inc.2.21%
Extra Space Storage, Inc.2.11%
McDonald's Corporation2.11%
McKesson Corporation2.10%
Tyson Foods, Inc.2.09%
T-Mobile US, Inc.2.08%
Darden Restaurants, Inc.2.06%
Colgate-Palmolive Company2.04%
Procter & Gamble Company (The)2.03%
Blackrock, Inc.2.01%
Cardinal Health, Inc.2.00%
Costco Wholesale Corporation2.00%
Duke Energy Corporation1.99%
Unilever plc1.97%
Linde plc1.97%
Aflac, Inc.1.96%
Healthcare Realty Trust, Inc.1.96%
Southern Company (The)1.96%
Coca-Cola Company (The)1.94%
Realty Income Corporation1.93%
Hershey Company (The)1.91%
Northrop Grumman Corporation1.89%
Alphabet, Inc.1.89%
RTX Corporation1.87%
Honeywell International, Inc.1.87%
Johnson & Johnson1.85%
Goldman Sachs Group, Inc. (The)1.82%
Prologis, Inc.1.79%
Deere & Company1.79%
First Industrial Realty Trust, Inc.1.64%
Caterpillar, Inc.1.25%
First American Treasury Obligations Fund Class X0.64%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in BGDV and SPCT, widest gap first
Holding	Gap	BGDV	SPCT
Eli Lilly & CoLLY	BGDV +2.14 points	4.30%	2.16%
Home Depot Inc/TheHD	SPCT +1.41 points	1.38%	2.79%
Walmart IncWMT	SPCT +1.36 points	0.80%	2.16%
UnitedHealth Group IncUNH	BGDV +1.02 points	2.98%	1.96%
Motorola Solutions IncMSI	BGDV +0.96 points	3.41%	2.45%
Microsoft CorpMSFT	BGDV +0.71 points	3.59%	2.88%
JPMorgan Chase & Co.JPM	BGDV +0.52 points	2.38%	1.86%
TJX Cos Inc/TheTJX	SPCT +0.44 points	1.96%	2.40%
Meta Platforms IncMETA	BGDV +0.37 points	2.28%	1.91%
Broadcom IncAVGO	SPCT +0.24 points	2.25%	2.49%
Chevron CorpCVX	SPCT +0.20 points	1.64%	1.84%
Travelers Cos Inc/TheTRV	SPCT +0.15 points	1.84%	1.99%
NextEra Energy IncNEE	SPCT +0.04 points	1.99%	2.03%

All 47 BGDV holdings⁠All SPCT 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 SPCT Cost

Overpaying SPCT vs BGDV

$7,158

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

BGDV 0.45%
$9,041
SPCT 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

BGDV 0.45%
SPCT 0.85%
Overpaying

Year by year

Year	BGDV	SPCT	Overpaying
10	$812	$1,508	$696
20	$3,128	$5,706	$2,578
30	$9,041	$16,199	$7,158

Expense ratio

0.45%BGDV, cheaper
0.85%SPCT

BGDV0.45%SPCT0.85%

0.25%0.99%

Middle half of US Active Dividend Income funds
Median 0.50%

BGDV 9th cheapest of 40 funds

SPCT 35th cheapest of 40 funds

BGDV vs SPCT Dividends

Last 12 months to Nov 5, 2026

Yield (12M): BGDV 0.96%; SPCT No data
Payout (12M): BGDV $0.29; SPCT No data
Last payment: BGDV $0.02; SPCT $0.0034
Ex-dividend: BGDV Oct 29, 2026; SPCT Oct 16, 2026
Paid on: BGDV Nov 2, 2026; SPCT Oct 21, 2026
Frequency: BGDV Monthly; SPCT Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

BGDVMonthly · 23 paymentsAll BGDV payments⁠

SPCTMonthly · 12 paymentsAll SPCT payments⁠

BGDV vs SPCT 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 2025SPCT 13.2%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: BGDV 1.00since Jan 2025SPCT 0.62since Nov 2025
Worst fallMax drawdown, 5 years: BGDV −14.8%since Dec 2024SPCT −7.2%since Oct 2025
Market sensitivityBeta, 5 years: BGDV 0.66SPCT 0.49; Market = 1

BGDV and SPCT in the news

All news⁠

First-Year Review
Liberty One's Spectrum ETF returned 6.4%, 8.9 percentage points behind an S&P 500 fund
Oct 1, 2026SPCT

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BGDV vs SPCT

In short

Stated mandate

Why people hold it

Worth knowing

How BGDV and SPCT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BGDV

Only in SPCT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Liberty One's Spectrum ETF returned 6.4%, 8.9 percentage points behind an S&P 500 fund