DIVB vs DIVG: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

Invesco S&P 500 High Dividend Growers ETF

DIVGBNYSE Arca

Overlap

24.0%by weight

Expense ratio

DIVB −0.34pt a year

DIVB0.05%DIVG0.39%

Avg volume · 30D

DIVB 206.5×the volume

DIVB328KDIVG1.59K

DIVB vs DIVG Performance

Nov 7, 2025 – Nov 9, 2026

+40.8%DIVB+25.0%DIVG

Expense ratio: DIVB 0.05%, better; DIVG 0.39%
Fund size: DIVB $2.35B; DIVG $12M
1Y total return: DIVB +40.8%, better; DIVG +25.0%
Yield (12M): DIVB 2.09%; DIVG 2.92%, better
Holdings: DIVB 383; DIVG 103
Avg volume (30D): DIVB 328K sh, better; DIVG 1.59K sh
NAV per share: DIVB $70.40; DIVG $38.27
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, DIVG, with each pillar’s weight
Pillar	DIVB	DIVG
Cost30% weight	A95Higher	D36
Mission25% weight	A87	A94Higher
Risk15% weight	B68	B68
Tradability15% weight	B65Higher	D37
Holdings10% weight	C54	A72Higher
Durability5% weight	A71Higher	F23

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVB and DIVG 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 DIVG 26th 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 25BQDIVGlobal X S&P 500 Quality Dividend ETFScore 59
Rank 26BDIVGInvesco S&P 500 High Dividend Growers ETFScore 58
Rank 27BCSBVictoryShares US Small Cap High Div Volatility Wtd ETFScore 57

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

DIVGBInvesco S&P 500 High Dividend Growers ETF

In short

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.

DIVG Most yield funds grab today's biggest payouts. DIVG works the other side of the trade: an S&P 500 screen built around dividend growth, roughly 100 names, and a check every month.

Stated mandate

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.

DIVG DIVG seeks to track the S&P 500 High Dividend Growth Index before fees and expenses.

Why people hold it

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.

DIVG The mandate is narrow and literal: track the S&P 500 High Dividend Growth Index. No manager discretion, no drifting into whatever sector is hot this quarter.invesco.com
Distributions land monthly, not quarterly, so income arrives on a twelve-times-a-year rhythm.
Roughly 100 holdings, all drawn from the S&P 500. Familiar large-cap ground, spread wide enough that no single name carries the fund.
Sits in the upper half of a crowded dividend-screen peer group of roughly fifty funds.

Worth knowing

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.

DIVG The 0.39% fee is the going rate for a dividend screen, but a real step up from the mega-cap dividend-growth funds (VIG, SCHD, DGRO), which charge a fraction of that.
Small and thinly traded, which usually means wider bid-ask spreads than the household-name dividend ETFs.
Launched in December 2023, so the live record is short and the fund has yet to prove it can build a durable asset base.

Full DIVB profile⁠

Full DIVG profile⁠

DIVB vs DIVG Holdings

How DIVB and DIVG differ

Overlap by weight

24.0%

Shared holdings make up 84.6% of DIVG and 39.8% of DIVB.

Level by level

Holdings75 in both24.0%
Sector11 Sectors64.3%
Countryby domicile99.0%
Asset classStocks100%

Sector

Sector weights in DIVB and DIVG, widest gap first
Sector	Gap	DIVB	DIVG
Utilities	DIVG +14.6 points	2.2%	16.8%
Technology	DIVB +11.9 points	21.5%	9.6%
Health Care	DIVB +11.2 points	14.9%	3.7%
Industrials	DIVB +11.1 points	15.3%	4.2%
Real Estate	DIVG +9.9 points	3.0%	12.9%
Financials	DIVG +7.9 points	16.4%	24.3%
Consumer Discretionary	DIVG +1.9 points	4.1%	6.0%
Consumer Staples	DIVG +1.6 points	9.5%	11.1%
Energy	DIVB +1.1 points	8.3%	7.2%
Communication	DIVB +0.2 points	3.5%	3.3%
Materials	DIVB +0.1 points	1.1%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in DIVB and DIVG, widest gap first
Country	More in DIVBMore in DIVG	Gap	DIVB	DIVG
Switzerland		DIVG +0.5 points	0.0%	0.5%
Other countries (6)		DIVB +0.5 points	100.0%	99.5%

Concentration

Weight in the 10 largest Holdings

DIVB32.8%
DIVG19.3%

Securities held

DIVB380
DIVG102

Asset class

DIVB: Stocks
DIVG: Stocks

Holdings

Only in DIVB305
In both75
Only in DIVG27

Only in DIVB

305 securities, 59.8% of DIVB by weight

International Business Machines Co5.00%
Exxonmobil Holdings Corp2.47%
Johnson & Johnson2.09%
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%
Coca-Cola1.11%
Wells Fargo1.07%
Hca Healthcare1.03%
Microchip Technology Inc0.93%
AT&T0.82%
Home Depot0.81%
Gilead Sciences0.78%
Progressive0.76%
Gen Digital0.75%
Comcast Class A0.74%
Bristol Myers Squibb0.64%
T Mobile Us Inc0.62%
Elevance Health Inc0.59%
Cigna0.58%
Mcdonalds Corp0.57%
Medtronic PLC0.55%
Marathon Petroleum0.54%
Jack Henry and Associates Inc0.53%
Capital One Financial Corp0.50%
Genpact0.47%
Mondelez International Class A0.46%
Cme Group Class A0.44%
United Parcel Service Inc Class B0.43%
Becton Dickinson0.43%
Union Pacific0.42%
Cvs Health0.39%
Honeywell International Inc0.39%
Lowes Companies Inc0.37%
Aflac0.37%
Valero Energy Corp0.36%
Avnet0.35%
BlackRock0.35%
Target Corp0.32%
Blackstone0.31%
Lockheed Martin0.31%
Metlife0.31%
Colgate-Palmolive0.30%

Only in DIVG

27 securities, 15.2% of DIVG by weight

Omnicom Group Inc1.58%
Xcel Energy Inc1.15%
Zoetis Inc1.07%
Rollins Inc0.95%
Kroger Co/The0.94%
Atmos Energy Corp0.88%
American International Group Inc0.85%
Intuit Inc0.71%
Goldman Sachs Group Inc/The0.66%
Texas Instruments Inc0.64%
NXP Semiconductors NV0.62%
Synchrony Financial0.58%
Tapestry Inc0.56%
Garmin Ltd0.51%
Baker Hughes Co0.50%
TE Connectivity PLC0.46%
Williams-Sonoma Inc0.45%
American Express Co0.44%
Charles Schwab Corp/The0.41%
Sherwin-Williams Co/The0.37%
General Electric Co0.22%
Amphenol Corp0.20%
Hewlett Packard Enterprise Co0.19%
Monolithic Power Systems Inc0.18%
NVIDIA Corp0.11%
Invesco Government & Agency Portfolio<0.01%
Securities Lending - Bnym0.00%

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in DIVB and DIVG, widest gap first
Holding	Gap	DIVB	DIVG
Accenture PLC Class AACN	DIVB +5.14 points	6.68%	1.54%
Automatic Data Processing IncADP	DIVB +4.24 points	5.22%	0.98%
Vici Pptys IncVICI	DIVG +2.52 points	0.11%	2.63%
General Mills IncGIS	DIVG +2.37 points	0.20%	2.57%
Cognizant Technology Solutions ClaCTSH	DIVB +2.16 points	2.99%	0.83%
JPMorgan Chase & CoJPM	DIVB +1.77 points	2.38%	0.61%
Kimco Realty Reit CorpKIM	DIVG +1.69 points	0.06%	1.75%
Ares Management Class AARES	DIVG +1.64 points	0.08%	1.72%
Eversource EnergyES	DIVG +1.59 points	0.05%	1.64%
Invitation HomesINVH	DIVG +1.50 points	0.06%	1.56%
AesAES	DIVG +1.45 points	0.04%	1.49%
Mccormick & Co Non-VotingMKC	DIVG +1.45 points	0.06%	1.51%
KeycorpKEY	DIVG +1.37 points	0.09%	1.46%
Camden Property Trust ReitCPT	DIVG +1.35 points	0.06%	1.41%
Prudential Financial IncPRU	DIVG +1.34 points	0.25%	1.59%
Regency Centers Reit CorpREG	DIVG +1.34 points	0.03%	1.37%
Brown Forman Class BBF.B	DIVG +1.34 points	0.05%	1.39%
Firstenergy CorpFE	DIVG +1.30 points	0.07%	1.37%
Regions FinancialRF	DIVG +1.28 points	0.13%	1.41%
Wec Energy GroupWEC	DIVG +1.27 points	0.06%	1.33%
OneokOKE	DIVG +1.26 points	0.21%	1.47%
Huntington Bancshares IncHBAN	DIVG +1.22 points	0.09%	1.31%
Essex Property Trust ReitESS	DIVG +1.19 points	0.05%	1.24%
Cms EnergyCMS	DIVG +1.18 points	0.01%	1.19%
EvergyEVRG	DIVG +1.16 points	0.05%	1.21%
Alliant Energy CorpLNT	DIVG +1.13 points	0.04%	1.17%
Public Service Enterprise GroupPEG	DIVG +1.12 points	0.10%	1.22%
Truist FinancialTFC	DIVG +1.09 points	0.44%	1.53%
Altria Group IncMO	DIVG +1.06 points	1.10%	2.16%
NisourceNI	DIVG +1.05 points	<0.01%	1.06%
AbbVieABBV	DIVB +1.05 points	1.94%	0.89%
Sba Communications Reit Corp ClassSBAC	DIVG +1.05 points	0.06%	1.11%
Darden Restaurants IncDRI	DIVG +1.03 points	0.11%	1.14%
AmerenAEE	DIVG +1.01 points	0.03%	1.04%
American Water WorksAWK	DIVG +0.97 points	0.04%	1.01%
Fifth Third BancorpFITB	DIVG +0.92 points	0.16%	1.08%
Otis WorldwideOTIS	DIVG +0.90 points	0.14%	1.04%
Iron Mountain IncIRM	DIVG +0.86 points	0.07%	0.93%
Snap On IncSNA	DIVG +0.85 points	0.06%	0.91%
Pnc Financial Services GroupPNC	DIVG +0.82 points	0.33%	1.15%
Principal Financial Group IncPFG	DIVG +0.81 points	0.13%	0.94%
Verizon Communications IncVZ	DIVG +0.81 points	1.05%	1.86%
Packaging Corp of AmericaPKG	DIVG +0.80 points	0.05%	0.85%
Nextera EnergyNEE	DIVG +0.79 points	0.36%	1.15%
Citizens Financial Group IncCFG	DIVG +0.79 points	0.12%	0.91%
Cincinnati FinancialCINF	DIVG +0.76 points	0.08%	0.84%
Lennar A Class ALEN	DIVG +0.76 points	0.17%	0.93%
Avery Dennison CorpAVY	DIVG +0.73 points	0.07%	0.80%
Prologis ReitPLD	DIVG +0.73 points	0.27%	1.00%
WilliamsWMB	DIVG +0.67 points	0.18%	0.85%
Diamondback EnergyFANG	DIVG +0.65 points	0.09%	0.74%
M&T BankMTB	DIVG +0.64 points	0.25%	0.89%
Devon EnergyDVN	DIVG +0.60 points	0.16%	0.76%
FastenalFAST	DIVG +0.60 points	0.09%	0.69%
PepsicoPEP	DIVG +0.60 points	1.04%	1.64%
Illinois Tool IncITW	DIVG +0.59 points	0.28%	0.87%
Cf Industries Holdings IncCF	DIVG +0.54 points	0.11%	0.65%
MarshMRSH	DIVG +0.53 points	0.32%	0.85%
Hartford Insurance GroupHIG	DIVG +0.53 points	0.19%	0.72%
Eog ResourcesEOG	DIVG +0.52 points	0.45%	0.97%
Northern TrustNTRS	DIVG +0.49 points	0.15%	0.64%
Bank of AmericaBAC	DIVB +0.46 points	1.12%	0.66%
PaychexPAYX	DIVB +0.46 points	2.19%	1.73%
State StreetSTT	DIVG +0.43 points	0.18%	0.61%
Carrier GlobalCARR	DIVG +0.30 points	0.23%	0.53%
ConocophillipsCOP	DIVG +0.28 points	0.61%	0.89%
Abbott LaboratoriesABT	DIVG +0.22 points	0.69%	0.91%
Morgan StanleyMS	DIVG +0.20 points	0.51%	0.71%
Broadridge Financial Solutions IncBR	DIVB +0.18 points	1.14%	0.96%
Bank of New York Mellon CorpBNY	DIVG +0.17 points	0.38%	0.55%
CitigroupC	DIVB +0.18 points	0.77%	0.59%
D R HortonDHI	DIVG +0.17 points	0.33%	0.50%
Philip Morris InternationalPM	DIVB +0.16 points	1.20%	1.04%
Travelers CompaniesTRV	DIVG +0.09 points	0.39%	0.48%
Amgen IncAMGN	DIVG +0.07 points	0.76%	0.83%

All 380 DIVB holdings⁠All 101 DIVG 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.

DIVB vs DIVG Cost

Overpaying DIVG vs DIVB

$6,838

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

DIVB 0.05%
$1,060
DIVG 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
DIVG 0.39%
Overpaying

Year by year

Year	DIVB	DIVG	Overpaying
10	$92	$705	$613
20	$360	$2,725	$2,365
30	$1,060	$7,898	$6,838

Expense ratio

0.05%DIVB, cheaper
0.39%DIVG

DIVB0.05%DIVG0.39%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

DIVG 32nd cheapest of 52 funds

DIVB vs DIVG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DIVB 2.09%; DIVG 2.92%, better
Payout (12M): DIVB $1.48; DIVG $1.13
Last payment: DIVB $0.42; DIVG $0.09
Ex-dividend: DIVB Sep 15, 2026; DIVG Oct 19, 2026
Paid on: DIVB Sep 18, 2026; DIVG Oct 23, 2026
Frequency: DIVB Quarterly; DIVG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DIVBQuarterly · 15 paymentsAll DIVB payments⁠

DIVGMonthly · 33 paymentsAll DIVG payments⁠

DIVB vs DIVG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DIVB 14.0%DIVG 12.0%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: DIVB 1.58DIVG 1.01since Jan 2024
Worst fallMax drawdown, 5 years: DIVB −21.1%DIVG −15.0%since Dec 2023
Market sensitivityBeta, 5 years: DIVB 0.86DIVG 0.41; Market = 1

DIVB and DIVG 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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DIVB vs DIVG

In short

Stated mandate

Why people hold it

Worth knowing

How DIVB and DIVG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in DIVG

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 DIVB and DIVG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in DIVG

Weight gaps