DDIV vs SPYD: Grades, Fees and Holdings Compared

First Trust Dorsey Wright Momentum & Dividend ETF

DDIVDNasdaq

State Street SPDR Portfolio S&P 500 High Dividend ETF

SPYDANYSE Arca

Overlap

6.1%by weight

Expense ratio

SPYD −0.53pt a year

DDIV0.60%SPYD0.07%

Avg volume · 30D

SPYD 114.8×the volume

DDIV8.73KSPYD1M

10Y return · a year

DDIV +1.7pt

DDIV+10.6%SPYD+8.9%

DDIV vs SPYD Performance

Oct 29, 2021 – Oct 30, 2026

+56.5%DDIV+52.1%SPYD

Expense ratio: DDIV 0.60%; SPYD 0.07%, better
Fund size: DDIV $73M; SPYD $7.61B
1Y total return: DDIV +17.4%; SPYD +20.6%, better
Yield (12M): DDIV 1.63%; SPYD 4.20%, better
Holdings: DDIV 51; SPYD 81
Avg volume (30D): DDIV 8.73K sh; SPYD 1M sh, better
NAV per share: DDIV $45.44; SPYD $48.88
52W range

ETF.net Grade

Pillar letters and Scores for DDIV, SPYD, with each pillar’s weight
Pillar	DDIV	SPYD
Cost30% weight	F8	A88Higher
Mission25% weight	A74	A88Higher
Risk15% weight	F21	C40Higher
Tradability15% weight	C53	A92Higher
Holdings10% weight	D37	A73Higher
Durability5% weight	C45	A83Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DDIV and SPYD are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

SPYD ranks 4th and DDIV 48th of 52 funds in the US Dividend Index Category.

Rank 1ADGROiShares Core Dividend Growth ETFScore 86
Rank 2ASCHDSchwab U.S. Dividend Equity ETFScore 81
Rank 3ADIVBiShares Core Dividend ETFScore 80
Rank 4ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 46CTMDVProShares Russell U.S. Dividend Growers ETFScore 40
Rank 48DDDIVFirst Trust Dorsey Wright Momentum & Dividend ETFScore 37
Rank 49DKVLEKraneShares Value Line Dynamic Dividend Equity Index ETFScore 36

Our read on each fund

ETF.net Research

DDIVDFirst Trust Dorsey Wright Momentum & Dividend ETF

SPYDAState Street SPDR Portfolio S&P 500 High Dividend ETF

In short

DDIV Most dividend funds stop at yield. DDIV adds a second screen: Dorsey Wright's relative-strength momentum ranking, leaving about 50 income payers that are also trending. A trend filter bolted onto an income screen, running since 2014.

SPYD Most dividend ETFs hunt for companies that keep raising payouts. SPYD skips the courtship and goes straight for the yield: roughly 80 high-dividend names out of the S&P 500, for 0.07% a year.

Stated mandate

DDIV The Fund seeks to generally track the price and yield performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It normally invests at least 90% of net assets in securities comprising that Index.

SPYD The fund seeks to provide returns that generally correspond to the total return of the S&P 500 High Dividend Index before fees and expenses.

Why people hold it

DDIV Two screens, not one. Dividend yield gets you in the door; Dorsey Wright relative-strength momentum decides who stays. Few income ETFs bother with a trend filter at all.ftportfolios.com
Rules run it, not a manager's hunch. The fund normally keeps at least 90% of net assets in its index's stocks, so you get the stated strategy undiluted.ftportfolios.com
A concentrated book of roughly 50 names and quarterly distributions, live since 2014 and through several full market cycles.

SPYD 0.07% a year against a 0.39% median across dividend-screen peers. It undercuts DGRO's 0.08% and sits a hair above SCHD.
A pure yield screen, not a growth screen. Where VIG and DGRO buy payout raisers, SPYD takes the high-dividend end of the S&P 500. Different flavor of the same food group.
Running since 2015, now a multi-billion-dollar fund and one of the more actively traded names in its cohort, so getting in and out is rarely the hard part.
Pays quarterly and has tracked the S&P 500 High Dividend Index closely, which is the whole job for a fund like this.

Worth knowing

DDIV The overlay is not free: 0.60% a year, above the roughly 0.39% median for dividend-screen ETFs and well above plain trackers like SCHD (0.06%) and VIG (0.04%).
Thinly traded and modest in assets next to the household-name dividend funds. Limit orders matter more here than in a fund that trades by the million.
Momentum crowds into whatever is working. With about 50 holdings, sector tilts can shift sharply from one rebalance to the next.

SPYD About 80 stocks is a narrow slice. Screening on yield pulls the sector mix away from the broad S&P 500, and the ride can be bumpier than the index it comes from.
A high yield is a ranking, not a promise. The index sorts on payout size, not on how reliably a company has grown or defended that payout.

Full DDIV profile⁠

Full SPYD profile⁠

DDIV vs SPYD Holdings

How DDIV and SPYD differ

Overlap by weight

6.1%

Shared holdings make up 17.5% of DDIV and 6.1% of SPYD.

Level by level

Holdings4 in both6.1%
Sector11 Sectors62.1%
Countryby domicile97.4%
Asset classEquity100%

Sector

Sector weights in DDIV and SPYD, widest gap first
Sector	More in DDIVMore in SPYD	DDIV	SPYD
Financials	DDIV +16.9 points	30.2%	13.3%
Consumer Staples	SPYD +14.0 points	0.0%	14.0%
Real Estate	SPYD +7.3 points	17.1%	24.4%
Utilities	SPYD +7.0 points	3.9%	10.9%
Technology	DDIV +6.1 points	10.1%	4.0%
Health Care	DDIV +5.4 points	9.8%	4.4%
Industrials	DDIV +5.2 points	10.4%	5.2%
Communication	SPYD +5.1 points	0.0%	5.1%
Materials	SPYD +4.5 points	3.0%	7.5%
Energy	DDIV +3.7 points	9.5%	5.8%
Consumer Discretionary	DDIV +0.7 points	6.1%	5.4%

Country, concentration and asset class

Country by domicile

Country weights in DDIV and SPYD, widest gap first
Country	More in DDIVMore in SPYD	DDIV	SPYD
United States	DDIV +1.4 points	98.8%	97.4%
United Kingdom	SPYD +1.4 points	0.0%	1.4%
Ireland	SPYD +1.2 points	0.0%	1.2%
Switzerland	DDIV +1.2 points	1.2%	0.0%

Concentration

Weight in the 10 largest Holdings

DDIV38.0%
SPYD16.2%

Securities held

DDIV50
SPYD79

Asset class

DDIV: Equity
SPYD: Equity

Holdings

Only in DDIV46
In both4
Only in SPYD75

Only in DDIV

46 securities, 82.3% of DDIV by weight

CareTrust REIT, Inc.4.60%
Principal Financial Group, Inc.3.39%
Amgen Inc.3.24%
Citizens Financial Group, Inc.3.15%
APA Corporation3.09%
Cullen/Frost Bankers, Inc.3.07%
Merck & Co., Inc.2.88%
Invesco Ltd.2.85%
Old National Bancorp2.65%
Morgan Stanley2.62%
Popular, Inc.2.54%
CF Industries Holdings, Inc.2.44%
State Street Corporation2.30%
Citigroup Inc.2.27%
JPMorgan Chase & Co.2.24%
American Healthcare REIT, Inc.2.23%
Dollar General Corporation2.16%
Occidental Petroleum Corporation2.11%
Phillips 661.93%
Targa Resources Corp.1.79%
HF Sinclair Corp.1.77%
FactSet Research Systems Inc.1.73%
The Bank of New York Mellon Corporation1.73%
Oshkosh Corporation1.58%
Primerica, Inc.1.56%
The Estee Lauder Companies Inc.1.48%
Capital One Financial Corporation1.44%
Welltower Inc.1.37%
The Travelers Companies, Inc.1.24%
Garmin Ltd.1.14%
Reliance Inc.1.10%
Williams-Sonoma, Inc.1.09%
Cisco Systems, Inc.1.08%
Cintas Corporation1.01%
The Charles Schwab Corporation0.99%
Valero Energy Corporation0.93%
Aramark0.91%
Delta Air Lines, Inc.0.84%
Johnson Controls International Plc0.79%
Deere & Company0.78%
Marathon Petroleum Corporation0.76%
Cardinal Health, Inc.0.75%
Humana Inc.0.69%
Eaton Corporation Plc0.68%
NetApp, Inc.0.67%
Newmont Corporation0.66%

Only in SPYD

75 securities, 93.6% of SPYD by weight

Accenture PLC Class A2.27%
Pfizer Inc1.55%
Medtronic PLC1.53%
Stanley Black & Decker Inc1.49%
Best Buy Co Inc1.48%
Crown Castle Inc1.48%
Eog Resources Inc1.45%
American Tower Corp1.44%
Target Corp1.42%
Amcor PLC1.40%
Dow Inc1.38%
Jm Smucker Co/The1.38%
Ares Management Corp A1.37%
Altria Group Inc1.37%
Host Hotels & Resorts Inc1.35%
Lyondellbasell Indu Class A1.35%
Kinder Morgan Inc1.35%
Oneok Inc1.34%
Extra Space Storage Inc1.33%
Kenvue Inc1.32%
Omnicom Group1.31%
Public Storage1.31%
Kimberly Clark Corp1.30%
Bristol Myers Squibb Co1.30%
Pinnacle West Capital1.29%
Aes Corp1.29%
Franklin Templeton Inc1.29%
Paychex Inc1.27%
Evergy Inc1.27%
Pepsico Inc1.27%
Verizon Communications Inc1.27%
Duke Energy Corp1.27%
Prudential Financial Inc1.27%
Exelon Corp1.27%
Blackstone Inc1.26%
Smurfit Westrock PLC1.23%
Honeywell International Inc1.23%
Truist Financial Corp1.23%
Firstenergy Corp1.22%
Comcast Corp Class A1.22%
International Paper Co1.21%
Us Bancorp1.21%
Regions Financial Corp1.20%
Bxp Inc1.20%
Kimco Realty Corp1.20%
Keycorp1.20%
Clorox Company1.19%
United Parcel Service Class B1.19%
Vici Properties Inc1.19%
T Rowe Price Group Inc1.18%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in DDIV and SPYD, widest gap first
Holding	More in DDIVMore in SPYD	DDIV	SPYD
Simon Property Group, Inc.SPG	DDIV +3.93 points	5.16%	1.23%
Chevron CorporationCVX	DDIV +2.72 points	4.26%	1.54%
Hasbro, Inc.HAS	DDIV +2.63 points	4.36%	1.73%
HP Inc.HPQ	DDIV +2.10 points	3.73%	1.63%

All 50 DDIV holdings⁠All 78 SPYD 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.

DDIV vs SPYD Cost

Overpaying DDIV vs SPYD

$10,337

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

DDIV 0.60%
$11,817
SPYD 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

DDIV 0.60%
SPYD 0.07%
Overpaying

Year by year

Year	DDIV	SPYD	Overpaying
10	$1,076	$128	$948
20	$4,116	$503	$3,613
30	$11,817	$1,480	$10,337

Expense ratio

0.60%DDIV
0.07%SPYD, cheaper

SPYD0.07%DDIV0.60%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

SPYD 6th cheapest of 52 funds

DDIV 48th cheapest of 52 funds

DDIV vs SPYD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DDIV 1.63%; SPYD 4.20%, better
Payout (12M): DDIV $0.74; SPYD $2.06
Last payment: DDIV $0.18; SPYD $0.52
Ex-dividend: DDIV Sep 24, 2026; SPYD Sep 21, 2026
Paid on: DDIV Sep 30, 2026; SPYD Sep 23, 2026
Frequency: DDIV Quarterly; SPYD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DDIVQuarterly · 39 paymentsAll DDIV payments⁠

SPYDQuarterly · 39 paymentsAll SPYD payments⁠

DDIV vs SPYD Risk

Fall from peak · 5 years

DDIV
SPYD

Risk facts

VolatilityStd dev, 3 years: DDIV 15.0%SPYD 14.5%, better
Return per unit of riskSharpe ratio, 3 years: DDIV 1.10, betterSPYD 0.96
Worst fallMax drawdown, 5 years: DDIV −21.1%, betterSPYD −22.2%
Market sensitivityBeta, 5 years: DDIV 0.94SPYD 0.64; Market = 1

DDIV and SPYD in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026SPYD
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026SPYD

Popular comparisons

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DDIV vs SPYD

In short

Stated mandate

Why people hold it

Worth knowing

How DDIV and SPYD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DDIV

Only in SPYD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

For a rising dividend, iShares Core Dividend Growth ETF ranks first

Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.

How DDIV and SPYD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DDIV

Only in SPYD

Weight gaps