DES vs DIVB: Grades, Fees and Holdings Compared

WisdomTree U.S. SmallCap Dividend Fund

DESBNYSE Arca

iShares Core Dividend ETF

DIVBACboe

Overlap

0.8%by weight

Expense ratio

DIVB −0.33pt a year

DES0.38%DIVB0.05%

Avg volume · 30D

DIVB 3.2×the volume

DES104KDIVB328K

5Y return · a year

DIVB +8.0pt

DES+6.0%DIVB+14.0%

DES vs DIVB Performance

Nov 9, 2021 – Nov 9, 2026

+34.0%DES+92.8%DIVB

Expense ratio: DES 0.38%; DIVB 0.05%, better
Fund size: DES $2.07B; DIVB $2.35B
1Y total return: DES +22.8%; DIVB +40.8%, better
Yield (12M): DES 2.29%, better; DIVB 2.09%
Holdings: DES 508; DIVB 383
Avg volume (30D): DES 104K sh; DIVB 328K sh, better
NAV per share: DES $38.55; DIVB $70.40
52W range

ETF.net Grade

Pillar letters and Scores for DES, DIVB, with each pillar’s weight
Pillar	DES	DIVB
Cost30% weight	C45	A95Higher
Mission25% weight	A83	A87Higher
Risk15% weight	F21	B68Higher
Tradability15% weight	C44	B65Higher
Holdings10% weight	A86Higher	C54
Durability5% weight	A72Higher	A71

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DES and DIVB 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 ›

DIVB ranks 4th and DES 28th 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 3ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 80
Rank 4ADIVBiShares Core Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 27BCSBVictoryShares US Small Cap High Div Volatility Wtd ETFScore 57
Rank 28BDESWisdomTree U.S. SmallCap Dividend FundScore 56
Rank 28BFVDFirst Trust Value Line Dividend Index FundScore 56

Our read on each fund

ETF.net Research

DESBWisdomTree U.S. SmallCap Dividend Fund

DIVBAiShares Core Dividend ETF

In short

DES Most dividend ETFs crowd into the same mega-cap payers. DES points the dividend screen at the other end of the market: small U.S. companies that actually write checks, on a WisdomTree index running since 2006.

DIVB Most dividend funds only count the check that hits your account. DIVB's index also counts buybacks, treating a shrinking share count as cash returned to owners, and it charges five basis points to do it.

Stated mandate

DES The fund seeks to track dividend-paying small-cap companies in the U.S. equity market.

DIVB The fund seeks to track an index of U.S. companies selected for a history of dividend payments and/or share buybacks, providing equity exposure oriented toward income and long-term growth.

Why people hold it

DES Rare mandate: a dividend screen aimed at U.S. small caps rather than the mega-cap payer roster nearly every rival dividend fund owns.
Launched in 2006, one of the older dividend ETFs still running, and now a multi-billion-dollar fund with a long unbroken record through several market cycles.
Pays monthly, not the quarterly cadence most dividend funds stick to.
Spread across about 600 names, so one small-cap blowup does not steer the whole portfolio. Diversification is among the stronger features here.

DIVB Five basis points a year, one of the lowest fees in the dividend-screen aisle, where the typical fund charges many times more.
The Morningstar US Dividend and Buyback Index counts repurchases alongside payouts, so a company buying back stock qualifies even with a modest yield. Roughly 400 US names.
Sits in the top tier of a large dividend-screen peer group and stays tight to its stated mandate: US dividend payers and buyback machines, nothing exotic.
A billion-dollar-plus member of the iShares Core lineup, running since 2017 and distributing quarterly.

Worth knowing

DES 0.38% a year sits right around the middle of the dividend-screen crowd, and large-cap options like SCHD (0.06%) and VIG (0.04%) charge a fraction of it.
Small-cap payers move harder than blue chips, so this is the bumpier corner of the dividend aisle.
Volume is moderate rather than heavy, so bid-ask spreads can run wider than in the biggest dividend ETFs.

DIVB Buybacks return value through share count, not cash in your pocket, so the income profile can sit lighter than pure high-yield screens like SPYD.
Moderately traded rather than a volume heavyweight like SCHD or VIG, so limit orders earn their keep, especially in size.
All-equity, all-US. Dividends and buybacks soften nothing when the American stock market sells off.

Full DES profile⁠

Full DIVB profile⁠

DES vs DIVB Holdings

How DES and DIVB differ

Overlap by weight

0.8%

Shared holdings make up 18.2% of DES and 0.8% of DIVB.

Level by level

Holdings31 in both0.8%
Sector11 Sectors62.5%
Countryby domicile99.3%
Asset classStocks100%

Sector

Sector weights in DES and DIVB, widest gap first
Sector	Gap	DES	DIVB
Technology	DIVB +15.8 points	5.7%	21.5%
Health Care	DIVB +12.5 points	2.4%	14.9%
Consumer Discretionary	DES +12.3 points	16.4%	4.1%
Financials	DES +10.4 points	26.8%	16.4%
Consumer Staples	DIVB +6.3 points	3.2%	9.5%
Real Estate	DES +6.3 points	9.3%	3.0%
Materials	DES +4.8 points	5.9%	1.1%
Utilities	DES +2.5 points	4.7%	2.2%
Industrials	DIVB +2.0 points	13.3%	15.3%
Energy	DES +1.3 points	9.6%	8.3%
Communication	DIVB +0.8 points	2.7%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in DES and DIVB, widest gap first
Country	More in DESMore in DIVB	Gap	DES	DIVB
United States		DES +0.7 points	100.0%	99.3%
Other countries (4)		DIVB +0.7 points	0.0%	0.7%

Concentration

Weight in the 10 largest Holdings

DES9.5%
DIVB32.8%

Securities held

DES506
DIVB380

Asset class

DES: Stocks
DIVB: Stocks

Holdings

Only in DES475
In both31
Only in DIVB349

Only in DES

475 securities, 81.6% of DES by weight

Hannon Armstrong Sustainable0.77%
Americold Realty Trust0.77%
Iridium Communications Inc0.76%
Bath & Body Works Inc0.72%
Kodiak Gas Services Inc0.71%
Inter Parfums Inc0.71%
First Interstate BancSystem Inc0.71%
First Bancorp/Puerto Rico0.69%
Scotts Miracle-Gro Co/The0.68%
Provident Financial Services Inc0.68%
Avista Corp0.64%
Avient Corp0.61%
Cheesecake Factory Inc/The0.58%
HomeStreet Inc0.57%
Polaris Inc0.56%
Drew Industries Inc0.55%
Northern Oil And Gas Inc0.55%
Buckle Inc/The0.55%
Northwest Natural Gas Co0.54%
Clear Secure Inc -Class A0.54%
Science Applications International Corp0.52%
WesBanco Inc0.51%
Fulton Financial Corp0.51%
Harley-Davidson Inc0.50%
Sunococorp Llc0.50%
Helmerich & Payne Inc0.49%
Delek US Holdings Inc0.48%
National Health Investors Inc0.48%
Korn Ferry0.48%
Pitney Bowes Inc0.45%
CVB Financial Corp0.45%
Cohen & Steers Inc0.44%
Trinity Industries Inc0.44%
Matson Inc0.44%
Highwoods Properties Inc0.43%
SL Green Realty Corp0.43%
United Community Banks Inc/GA0.43%
Northwest Bancshares Inc0.43%
American States Water Co0.42%
Energizer Holdings Inc0.42%
Concentra Group Holdings Par0.41%
National Healthcare Corp0.41%
Sensient Technologies Corp0.41%
Wendy's/Arby's Group Inc0.40%
Independent Bank Corp/Rockland0.40%
Griffon Corp0.39%
John Wiley & Sons Inc0.39%
Columbia Sportswear Co0.39%
First Hawaiian Inc0.39%
Broadstone Net Lease Inc0.38%

Only in DIVB

349 securities, 98.8% of DIVB by weight

Accenture PLC Class A6.68%
Automatic Data Processing Inc5.22%
International Business Machines Co5.00%
Cognizant Technology Solutions Cla2.99%
Exxonmobil Holdings Corp2.47%
JPMorgan Chase & Co2.38%
Paychex2.19%
Johnson & Johnson2.09%
AbbVie1.94%
Hp Inc1.88%
Procter & Gamble1.75%
Chevron1.74%
UnitedHealth Group1.43%
Cdw1.36%
Leidos Holdings1.36%
Pfizer1.36%
Ss and C Technologies Holdings1.34%
Merck & Co Inc1.33%
Skyworks Solutions1.25%
Philip Morris International1.20%
Broadridge Financial Solutions Inc1.14%
Bank of America1.12%
Coca-Cola1.11%
Altria Group Inc1.10%
Wells Fargo1.07%
Verizon Communications Inc1.05%
Pepsico1.04%
Hca Healthcare1.03%
Microchip Technology Inc0.93%
AT&T0.82%
Home Depot0.81%
Gilead Sciences0.78%
Citigroup0.77%
Progressive0.76%
Amgen Inc0.76%
Gen Digital0.75%
Comcast Class A0.74%
Abbott Laboratories0.69%
Bristol Myers Squibb0.64%
T Mobile Us Inc0.62%
Conocophillips0.61%
Elevance Health Inc0.59%
Cigna0.58%
Mcdonalds Corp0.57%
Medtronic PLC0.55%
Marathon Petroleum0.54%
Jack Henry and Associates Inc0.53%
Morgan Stanley0.51%
Capital One Financial Corp0.50%
Genpact0.47%

Weight gaps

All 31 Holdings in both funds, largest gap first.

Holding weights in DES and DIVB, widest gap first
Holding	Gap	DES	DIVB
TFS Financial CorpTFSL	DES +1.19 points	1.20%	<0.01%
Entertainment Properties TrustEPR	DES +1.13 points	1.15%	0.02%
NorthWestern Energy Group IncNWE	DES +1.10 points	1.12%	0.02%
PBF Energy IncPBF	DES +1.01 points	1.02%	0.01%
Sonoco Products CoSON	DES +0.94 points	0.96%	0.02%
Travel + Leisure CoTNL	DES +0.86 points	0.90%	0.04%
Outfront Media IncOUT	DES +0.85 points	0.87%	0.02%
Patterson-UTI Energy IncPTEN	DES +0.77 points	0.78%	0.01%
Victory Capital Holding - AVCTR	DES +0.73 points	0.76%	0.03%
Archrock IncAROC	DES +0.64 points	0.65%	<0.01%
Federated Hermes IncFHI	DES +0.59 points	0.62%	0.03%
Crescent Energy Inc-ACRGY	DES +0.57 points	0.57%	<0.01%
Associated Banc-CorpASB	DES +0.57 points	0.58%	<0.01%
California Resources CorpCRC	DES +0.57 points	0.60%	0.03%
Brunswick Corp/DEBC	DES +0.49 points	0.51%	0.02%
Kontoor Brands IncKTB	DES +0.45 points	0.47%	0.02%
Eastern Bankshares IncEBC	DES +0.45 points	0.45%	<0.01%
Magnolia Oil & Gas CorpMGY	DES +0.43 points	0.46%	0.03%
Cabot CorpCBT	DES +0.43 points	0.45%	0.02%
MDU Resources Group IncMDU	DES +0.42 points	0.43%	<0.01%
Cousins Properties IncCUZ	DES +0.43 points	0.43%	<0.01%
Avnet IncAVT	DES +0.40 points	0.75%	0.35%
Silgan Holdings IncSLGN	DES +0.38 points	0.39%	<0.01%
Rayonier IncRYN	DES +0.34 points	0.37%	0.03%
Virtu Financial Inc-Class AVIRT	DES +0.33 points	0.35%	0.02%
First Financial Bankshares IncFFIN	DES +0.30 points	0.31%	<0.01%
International Bancshares CorpIBOC	DES +0.24 points	0.25%	<0.01%
Phillips Edison & Company IncPECO	DES +0.22 points	0.23%	<0.01%
CNO Financial Group IncCNO	DES +0.22 points	0.25%	0.03%
Tanger IncSKT	DES +0.18 points	0.19%	<0.01%
Independence Realty Trust IncIRT	DES +0.16 points	0.16%	<0.01%

All 586 DES holdings⁠All 380 DIVB 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.

DES vs DIVB Cost

Overpaying DES vs DIVB

$6,646

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

DES 0.38%
$7,706
DIVB 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

DES 0.38%
DIVB 0.05%
Overpaying

Year by year

Year	DES	DIVB	Overpaying
10	$688	$92	$596
20	$2,658	$360	$2,298
30	$7,706	$1,060	$6,646

Expense ratio

0.38%DES
0.05%DIVB, cheaper

DIVB0.05%DES0.38%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

DES 28th cheapest of 52 funds

DES vs DIVB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DES 2.29%, better; DIVB 2.09%
Payout (12M): DES $0.90; DIVB $1.48
Last payment: DES $0.05; DIVB $0.42
Ex-dividend: DES Oct 27, 2026; DIVB Sep 15, 2026
Paid on: DES Oct 29, 2026; DIVB Sep 18, 2026
Frequency: DES Monthly; DIVB Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DESMonthly · 46 paymentsAll DES payments⁠

DIVBQuarterly · 15 paymentsAll DIVB payments⁠

DES vs DIVB Risk

Fall from peak · 5 years

DES
DIVB

Risk facts

VolatilityStd dev, 3 years: DES 17.4%DIVB 14.0%, better
Return per unit of riskSharpe ratio, 3 years: DES 0.70DIVB 1.58, better
Worst fallMax drawdown, 5 years: DES −25.3%DIVB −21.1%, better
Market sensitivityBeta, 5 years: DES 0.91DIVB 0.86; Market = 1

DES and DIVB in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026DIVB

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DES vs DIVB

In short

Stated mandate

Why people hold it

Worth knowing

How DES and DIVB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DES

Only in DIVB

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

How DES and DIVB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DES

Only in DIVB

Weight gaps