BGDV vs TBG: Grades, Fees and Holdings Compared

Bahl & Gaynor Dividend ETF

BGDVBNYSE Arca

TBG Dividend Focus ETF

TBGBNYSE Arca

Overlap

7.2%by weight

Expense ratio

BGDV0.45%TBG0.45%

Avg volume · 30D

TBG 1.4×the volume

BGDV32.2KTBG46.4K

BGDV vs TBG Performance

Oct 31, 2025 – Oct 30, 2026

+18.9%BGDV+24.2%TBG

Expense ratio: BGDV 0.45%; TBG 0.45%
Fund size: BGDV $878M; TBG $320M
1Y total return: BGDV +18.9%; TBG +24.2%, better
Yield (12M): BGDV 0.94%; TBG 2.58%, better
Holdings: BGDV 47; TBG 40
Avg volume (30D): BGDV 32.2K sh; TBG 46.4K sh, better
NAV per share: BGDV $31.51; TBG $39.32
52W range

ETF.net Grade

Pillar letters and Scores for BGDV, TBG, with each pillar’s weight
Pillar	BGDV	TBG
Cost30% weight	A73	A73
Mission25% weight	Not scored	Not scored
Risk15% weight	C44	B64Higher
Tradability15% weight	A81Higher	C54
Holdings10% weight	B64Higher	C54
Durability5% weight	A70Higher	B61

Rank among US Active Dividend Income funds

How we build Categories ›

Same Category. BGDV and TBG 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 TBG 9th 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 9BFDVFederated Hermes U.S. Strategic Dividend ETFScore 64
Rank 9BTBGTBG Dividend Focus ETFScore 64
Rank 9BTDVGT. Rowe Price Dividend Growth ETFScore 64

Our read on each fund

ETF.net Research

BGDVBBahl & Gaynor Dividend ETF

TBGBTBG Dividend Focus ETF

In short

BGDV No data

TBG An actively run dividend-growth playbook in ETF form: a hand-picked roster of US companies the manager judges able to keep raising payouts, run for income and long-term appreciation rather than headline yield.

Stated mandate

BGDV No data

TBG The Fund seeks income and long-term capital appreciation.

Why people hold it

BGDV No data

TBG Active, not a screen. The sub-adviser picks US companies it believes can grow dividends over time, with room for REITs and MLPs alongside common stock.etfarchitect.com
0.45%, with no waiver propping it up. That sits right around the typical active dividend fee and level with BGIG at 0.45%.
Pays quarterly, and the stated mandate covers both income and long-term capital appreciation, not yield alone.
Lands in the upper half of a 40-fund active dividend field, one of the stronger builds in a crowded aisle.

Worth knowing

BGDV No data

TBG Thinly traded for its category, which can mean wider spreads and more slippage on big or hurried orders.
Several of the category's top-rated peers cost less: VUS at 0.25%, CGDV at 0.33%, HIDV at 0.35%, none on a waiver.
Hand-picked means results ride on the sub-adviser's judgment, and the fund only opened in 2023, so the record is short.etfarchitect.com

Full BGDV profile⁠

Full TBG profile⁠

BGDV vs TBG Holdings

How BGDV and TBG differ

Overlap by weight

7.2%

Shared holdings make up 13.3% of TBG and 8.1% of BGDV.

Level by level

Holdings4 in both7.2%
Sector11 Sectors67.9%
Countryby domicile94.6%
Asset classEquity100%

Sector

Sector weights in BGDV and TBG, widest gap first
Sector	More in BGDVMore in TBG	BGDV	TBG
Technology	BGDV +18.3 points	27.9%	9.6%
Industrials	BGDV +9.5 points	14.3%	4.9%
Consumer Staples	TBG +7.9 points	2.3%	10.2%
Energy	TBG +6.9 points	6.7%	13.6%
Real Estate	TBG +6.7 points	1.1%	7.8%
Consumer Discretionary	TBG +4.7 points	4.9%	9.6%
Financials	BGDV +3.2 points	18.4%	15.2%
Health Care	TBG +3.2 points	12.9%	16.1%
Utilities	TBG +2.7 points	4.1%	6.8%
Materials	BGDV +0.9 points	2.2%	1.3%
Communication	BGDV +0.3 points	5.2%	4.9%

Country, concentration and asset class

Country by domicile

Country weights in BGDV and TBG, widest gap first
Country	More in BGDVMore in TBG	BGDV	TBG
Taiwan	BGDV +4.8 points	4.8%	0.0%
Brazil	TBG +3.7 points	0.0%	3.7%
Canada	TBG +1.7 points	0.0%	1.7%
United States	BGDV +0.6 points	95.2%	94.6%

Concentration

Weight in the 10 largest Holdings

BGDV35.1%
TBG38.6%

Securities held

BGDV47
TBG39

Asset class

BGDV: Equity
TBG: Equity

Holdings

Only in BGDV43
In both4
Only in TBG35

Only in BGDV

43 securities, 91.9% 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%
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%
Kla Corp0.82%
Casey's General Stores Inc0.80%
Walmart Inc0.75%
Evercore Inc0.56%

Only in TBG

35 securities, 86.5% of TBG by weight

Merck & Co Inc4.53%
Blackstone Inc4.02%
Procter & Gamble Co/The3.81%
Brookfield Infrastructure Corp3.58%
Simon Property Group Inc3.50%
PepsiCo Inc3.50%
Verizon Communications Inc3.49%
Johnson & Johnson3.30%
Gilead Sciences Inc3.15%
American Electric Power Co Inc3.10%
Lockheed Martin Corp2.90%
Energy Transfer LP2.87%
Amgen Inc2.80%
General Mills Inc2.76%
Vanguard Short-Term Treasury ETF2.74%
Enterprise Products Partners LP2.63%
Blue Owl Capital Inc2.48%
Lamar Advertising Co2.41%
McDonald's Corp2.32%
Vail Resorts Inc2.25%
Moelis & Co2.21%
ExxonMobil Holdings Corp2.08%
Starbucks Corp1.96%
Texas Instruments Inc1.88%
Illinois Tool Works Inc1.88%
Lineage Inc1.80%
Morgan Stanley1.75%
Enbridge Inc1.64%
Cisco Systems Inc1.62%
Lennar Corp1.52%
Comcast Corp1.48%
International Business Machines Corp1.48%
Domino's Pizza Inc1.46%
Eastman Chemical Co1.30%
First American Government Obligations Fund 12/01/20310.27%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in BGDV and TBG, widest gap first
Holding	More in BGDVMore in TBG	BGDV	TBG
Accenture PLCACN	TBG +3.56 points	0.98%	4.54%
Chevron CorpCVX	TBG +2.53 points	1.75%	4.28%
UnitedHealth Group IncUNH	BGDV +0.47 points	3.00%	2.53%
JPMorgan Chase & Co.JPM	BGDV +0.40 points	2.33%	1.93%

All 47 BGDV holdings⁠All TBG 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 TBG Cost

Same expense ratio

$9,041

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

BGDV 0.45%
$9,041
TBG 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

BGDV 0.45%
TBG 0.45%

Year by year

Year	BGDV	TBG
10	$812	$812
20	$3,128	$3,128
30	$9,041	$9,041

Expense ratio

0.45%BGDV
0.45%TBG

BGDV0.45%TBG0.45%

0.25%0.99%

Middle half of US Active Dividend Income funds
Median 0.50%

BGDV 9th cheapest of 40 funds

TBG 9th cheapest of 40 funds

BGDV vs TBG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BGDV 0.94%; TBG 2.58%, better
Payout (12M): BGDV $0.29; TBG $1.02
Last payment: BGDV $0.02; TBG $0.26
Ex-dividend: BGDV Oct 29, 2026; TBG Sep 28, 2026
Paid on: BGDV Pays Nov 2, 2026; TBG Sep 30, 2026
Frequency: BGDV Monthly; TBG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BGDVMonthly · 23 paymentsAll BGDV payments⁠

TBGQuarterly · 12 paymentsAll TBG payments⁠

BGDV vs TBG 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 2025TBG 12.9%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: BGDV 1.00since Jan 2025TBG 1.06since Dec 2023
Worst fallMax drawdown, 5 years: BGDV −14.8%since Dec 2024TBG −14.8%since Nov 2023
Market sensitivityBeta, 5 years: BGDV 0.69TBG 0.63; Market = 1

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