BGIG vs GDIV: Grades, Fees and Holdings Compared

Bahl & Gaynor Income Growth ETF

BGIGANYSE Arca

Harbor Dividend Growth Leaders ETF (GDIV)

GDIVCNYSE

Overlap

23.9%by weight

Expense ratio

BGIG −0.05pt a year

BGIG0.45%GDIV0.50%

Avg volume · 30D

BGIG 15.3×the volume

BGIG171KGDIV11.2K

3Y return · a year

BGIG +2.4pt

BGIG+19.6%GDIV+17.2%

BGIG vs GDIV Performance

Oct 31, 2025 – Oct 30, 2026

+18.6%BGIG+16.4%GDIV

Expense ratio: BGIG 0.45%, better; GDIV 0.50%
Fund size: BGIG $2.29B; GDIV $237M
1Y total return: BGIG +18.6%, better; GDIV +16.4%
Yield (12M): BGIG 1.67%, better; GDIV 1.26%
Holdings: BGIG 50; GDIV 52
Avg volume (30D): BGIG 171K sh, better; GDIV 11.2K sh
NAV per share: BGIG $37.45; GDIV $18.55
52W range

ETF.net Grade

Pillar letters and Scores for BGIG, GDIV, with each pillar’s weight
Pillar	BGIG	GDIV
Cost30% weight	A73Higher	B55
Mission25% weight	C40	Not scored
Risk15% weight	B64Higher	F20
Tradability15% weight	A80Higher	D34
Holdings10% weight	C53	B65Higher
Durability5% weight	A83	A84Higher

Rank among US Active Dividend Income funds

How we build Categories ›

Same Category. BGIG and GDIV 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 ›

BGIG ranks 3rd and GDIV 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 19CDIVYSound Equity Dividend Income ETFScore 47
Rank 19CGDIVHarbor Dividend Growth Leaders ETF (GDIV)Score 47
Rank 22CDIVNHorizon Dividend Income ETFScore 46

Our read on each fund

ETF.net Research

BGIGABahl & Gaynor Income Growth ETF

GDIVCHarbor Dividend Growth Leaders ETF (GDIV)

In short

BGIG An active dividend fund that writes the cushion into its own mandate: rising income, downside protection versus the broad market, and growth. Distributions land monthly, and it charges less than the typical active dividend-income fund.

GDIV A Westfield stock-picker's dividend strategy that moved into an ETF shell in 2022: same manager, same playbook, roughly 50 large caps chosen for the ability to keep raising payouts rather than for fat yields.

Stated mandate

BGIG The Fund seeks growing dividend income, downside protection relative to the broader equity market, and long-term capital appreciation.

GDIV The Fund seeks long-term growth of capital and invests at least 80% of its net assets in dividend-paying equity securities.

Why people hold it

BGIG The stated objective names three jobs at once: growing dividend income, downside protection relative to the broader equity market, and long-term capital appreciation.
Income arrives monthly, not on the quarterly schedule most equity funds keep.
At 0.45% a year, it sits below the median fee for active US dividend-income funds.
One of the strongest implementations in its peer group of active US dividend-income funds, with a portfolio that matches the mandate on the label.

GDIV Not a launch-day idea in a new wrapper. Harbor merged Westfield's dividend growth mutual fund into this ETF in 2022, keeping the strategy and the portfolio manager intact.businesswire.com
A real active bet, not an index in disguise: about 50 large caps, with at least 80% of net assets in dividend payers picked for stable or rising payouts.businesswire.com
At 0.50%, it prices below the median active dividend fund in its peer group, and it distributes quarterly.

Worth knowing

BGIG Cheaper active dividend options exist: CGDV runs 0.33% and HIDV 0.35%.
Hunting rising dividends means skipping most of the non-payers inside the S&P 500 it measures itself against, so results can look very different from the index.
Launched in 2023, so there is no live record spanning a full market cycle yet.

GDIV One of the thinner-traded funds in its category, so bid-ask spreads can run wider than on the big income ETFs.
Cheaper active neighbors exist: CGDV charges 0.33% and HIDV 0.35% for their own takes on dividend equity.
The stated goal is long-term growth of capital, not maximum income, and with roughly 50 names each pick carries real weight.

Full BGIG profile⁠

Full GDIV profile⁠

BGIG vs GDIV Holdings

How BGIG and GDIV differ

Overlap by weight

23.9%

Shared holdings make up 31.3% of BGIG and 29.0% of GDIV.

Level by level

Holdings12 in both23.9%
Sector11 Sectors79.0%
Countryby domicile89.7%
Asset classEquity100%

Sector

Sector weights in BGIG and GDIV, widest gap first
Sector	More in BGIGMore in GDIV	BGIG	GDIV
Industrials	GDIV +9.8 points	10.1%	19.9%
Technology	BGIG +9.8 points	26.4%	16.6%
Financials	GDIV +6.2 points	15.0%	21.2%
Energy	BGIG +4.7 points	10.5%	5.8%
Utilities	BGIG +3.1 points	6.4%	3.3%
Materials	GDIV +2.8 points	0.0%	2.8%
Health Care	GDIV +2.1 points	16.9%	19.0%
Communication	BGIG +1.5 points	1.4%	0.0%
Real Estate	BGIG +1.1 points	3.1%	2.0%
Consumer Discretionary	BGIG +0.5 points	5.8%	5.3%
Consumer Staples	BGIG +0.4 points	4.5%	4.1%

Country, concentration and asset class

Country by domicile

Country weights in BGIG and GDIV, widest gap first
Country	More in BGIGMore in GDIV	BGIG	GDIV
Japan	GDIV +5.3 points	0.0%	5.3%
Taiwan	BGIG +4.5 points	4.5%	0.0%
United States	GDIV +3.4 points	88.1%	91.5%
China	BGIG +2.3 points	2.3%	0.0%
Spain	GDIV +1.5 points	0.0%	1.5%
Ireland	BGIG +1.3 points	1.3%	0.0%
United Kingdom	BGIG +1.2 points	1.2%	0.0%
Finland	BGIG +0.8 points	0.8%	0.0%
Switzerland	BGIG +0.2 points	1.9%	1.7%

Concentration

Weight in the 10 largest Holdings

BGIG40.8%
GDIV35.2%

Securities held

BGIG50
GDIV52

Asset class

BGIG: Equity
GDIV: Equity

Holdings

Only in BGIG38
In both12
Only in GDIV40

Only in BGIG

38 securities, 68.7% of BGIG by weight

Taiwan Semiconductor Manufacturing Co Ltd4.49%
AbbVie Inc4.45%
Chevron Corp4.09%
PNC Financial Services Group Inc/The3.68%
Apollo Global Management Inc3.04%
JPMorgan Chase & Co.2.93%
Travelers Cos Inc/The2.59%
Cisco Systems Inc2.45%
General Dynamics Corp2.39%
TE Connectivity PLC2.24%
CME Group Inc2.08%
Darden Restaurants Inc1.99%
Philip Morris International Inc1.88%
Targa Resources Corp1.87%
Automatic Data Processing Inc1.78%
Mondelez International Inc1.68%
ExxonMobil Holdings Corp1.65%
Vivmark Residential1.50%
WEC Energy Group Inc1.47%
PPL Corp1.47%
Fastenal Co1.47%
Cummins Inc1.41%
Elevance Health Inc1.39%
Sempra1.39%
RTX Corp1.38%
TKO Group Holdings Inc1.34%
Smurfit Westrock PLC1.31%
British American Tobacco PLC1.22%
Accenture PLC1.16%
Illinois Tool Works Inc1.10%
Ventas Inc0.89%
McDonald's Corp0.84%
ONEOK Inc0.83%
Nokia Oyj0.79%
Union Pacific Corp0.72%
Corning Inc0.70%
VICI Properties Inc0.55%
Hartford Insurance Group Inc/The0.49%

Only in GDIV

40 securities, 71.0% of GDIV by weight

Apple Inc6.01%
Mueller Industries Inc3.33%
Coca-Cola Co/The2.94%
Gilead Sciences Inc2.71%
Mitsubishi Ufj Finl-Spon Adr2.68%
Sumitomo Mitsui-Spons Adr2.67%
Bank of America Corp2.33%
Salesforce Inc2.16%
Merck & Co. Inc.2.03%
Williams-Sonoma Inc2.00%
Firstcash Holdings Inc2.00%
Cheniere Energy Inc1.97%
Rockwell Automation Inc1.89%
Amgen Inc1.86%
Mckesson Corp1.85%
Csx Corp1.66%
Tjx Companies Inc1.63%
BlackRock Inc1.61%
East West Bancorp Inc1.60%
Pfizer Inc1.59%
Keycorp1.58%
Goldman Sachs Group Inc1.55%
Southern Copper Corp1.55%
Cintas Corp1.53%
Trane Technologies PLC1.44%
Blackstone Inc1.38%
Citigroup Inc1.33%
Lpl Financial Holdings Inc1.30%
Texas Roadhouse Inc1.20%
Itt Inc1.20%
Msc Industrial Direct Co-A1.20%
Equinix Inc1.19%
Dominion Energy Inc1.13%
General Electric1.12%
Booz Allen Hamilton Holdings1.03%
Verisign Inc1.02%
Walt Disney Co/The0.99%
Freeport-Mcmoran Inc0.98%
Kodiak Gas Services Inc0.93%
Lineage Inc0.84%

Weight gaps

All 12 Holdings in both funds, largest gap first.

Holding weights in BGIG and GDIV, widest gap first
Holding	More in BGIGMore in GDIV	BGIG	GDIV
UnitedHealth Group IncUNH	BGIG +2.68 points	4.56%	1.88%
Eli Lilly & CoLLY	GDIV +1.81 points	3.25%	5.06%
Microsoft CorpMSFT	BGIG +1.79 points	5.09%	3.30%
Broadcom IncAVGO	BGIG +1.43 points	3.96%	2.53%
Johnson & JohnsonJNJ	BGIG +0.92 points	4.15%	3.23%
NextEra Energy IncNEE	GDIV +0.85 points	1.49%	2.34%
Waste Management IncWM	GDIV +0.76 points	0.52%	1.28%
Texas Instruments IncTXN	GDIV +0.74 points	0.90%	1.64%
Williams Cos Inc/TheWMB	GDIV +0.69 points	2.61%	3.30%
Home Depot Inc/TheHD	BGIG +0.42 points	1.76%	1.34%
Eaton Corp PLCETN	GDIV +0.19 points	1.16%	1.35%
Garmin LtdGRMN	BGIG +0.15 points	1.86%	1.71%

All 50 BGIG holdings⁠All 52 GDIV 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.

BGIG vs GDIV Cost

Overpaying GDIV vs BGIG

$938

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

BGIG 0.45%
$9,041
GDIV 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

BGIG 0.45%
GDIV 0.50%
Overpaying

Year by year

Year	BGIG	GDIV	Overpaying
10	$812	$900	$88
20	$3,128	$3,460	$332
30	$9,041	$9,979	$938

Expense ratio

0.45%BGIG, cheaper
0.50%GDIV

BGIG0.45%GDIV0.50%

0.25%0.99%

Middle half of US Active Dividend Income funds
Median 0.50%

BGIG 9th cheapest of 40 funds

GDIV 17th cheapest of 40 funds

BGIG vs GDIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BGIG 1.67%, better; GDIV 1.26%
Payout (12M): BGIG $0.62; GDIV $0.23
Last payment: BGIG $0.05; GDIV $0.05
Ex-dividend: BGIG Oct 29, 2026; GDIV Oct 1, 2026
Paid on: BGIG Pays Nov 2, 2026; GDIV Oct 6, 2026
Frequency: BGIG Monthly; GDIV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BGIGMonthly · 38 paymentsAll BGIG payments⁠

GDIVQuarterly · 15 paymentsAll GDIV payments⁠

BGIG vs GDIV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BGIG 9.5%, betterGDIV 11.6%
Return per unit of riskSharpe ratio, 3 years: BGIG 1.49, betterGDIV 1.05
Worst fallMax drawdown, 5 years: BGIG −13.2%since Sep 2023GDIV −19.8%since May 2022
Market sensitivityBeta, 5 years: BGIG 0.55GDIV 0.90; Market = 1

BGIG and GDIV in the news

All news⁠

New ETFs
American Beacon's London Company ETF charges 0.67%, and the prospectus limits the tax pitch
Oct 5, 2026BGIG
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026GDIV

Popular comparisons

BGIGAvsCGDVA
Bahl & Gaynor Income Growth ETF · Capital Group Dividend Value ETF
Expense ratio
0.45% · 0.33%
Category
GDIVCvsCGDVA
Harbor Dividend Growth Leaders ETF (GDIV) · Capital Group Dividend Value ETF
Expense ratio
0.50% · 0.33%
Category
BGIGAvsHIDVA
Bahl & Gaynor Income Growth ETF · AB US High Dividend ETF
Expense ratio
0.45% · 0.35%
Category
GDIVCvsHIDVA
Harbor Dividend Growth Leaders ETF (GDIV) · AB US High Dividend ETF
Expense ratio
0.50% · 0.35%
Category
BGIGAvsBGDVB
Bahl & Gaynor Income Growth ETF · Bahl & Gaynor Dividend ETF
Expense ratio
0.45% · 0.45%
Category
GDIVCvsBGDVB
Harbor Dividend Growth Leaders ETF (GDIV) · Bahl & Gaynor Dividend ETF
Expense ratio
0.50% · 0.45%
Category

BGIG vs GDIV

In short

Stated mandate

Why people hold it

Worth knowing

How BGIG and GDIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BGIG

Only in GDIV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

American Beacon's London Company ETF charges 0.67%, and the prospectus limits the tax pitch

Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%

How BGIG and GDIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BGIG

Only in GDIV

Weight gaps