DIVB vs DLN: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

WisdomTree U.S. LargeCap Dividend Fund

DLNANYSE Arca

Overlap

47.4%by weight

Expense ratio

DIVB −0.23pt a year

DIVB0.05%DLN0.28%

Avg volume · 30D

DIVB 2.3×the volume

DIVB298KDLN130K

5Y return · a year

DIVB +2.3pt

DIVB+14.5%DLN+12.2%

DIVB vs DLN Performance

Oct 29, 2021 – Oct 30, 2026

+96.4%DIVB+78.1%DLN

Expense ratio: DIVB 0.05%, better; DLN 0.28%
Fund size: DIVB $2.31B; DLN $6.4B
1Y total return: DIVB +40.7%, better; DLN +18.2%
Yield (12M): DIVB 2.08%, better; DLN 1.73%
Holdings: DIVB 384; DLN 310
Avg volume (30D): DIVB 298K sh, better; DLN 130K sh
NAV per share: DIVB $71.28; DLN $100.63
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, DLN, with each pillar’s weight
Pillar	DIVB	DLN
Cost30% weight	A95Higher	A71
Mission25% weight	A86Higher	A84
Risk15% weight	A74	A75Higher
Tradability15% weight	B64	A74Higher
Holdings10% weight	B60	B65Higher
Durability5% weight	A71	A73Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVB and DLN 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 3rd and DLN 6th 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 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 74
Rank 7AONEYState Street SPDR Russell 1000 Yield Focus ETFScore 72

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

DLNAWisdomTree U.S. LargeCap Dividend Fund

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.

DLN Most dividend funds sort by yield or by streaks of raises. DLN sorts by dollars: the more cash a company is projected to pay out, the bigger its weight. Roughly 300 US large caps, dividend-weighted since 2006, paid out monthly.

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.

DLN The Fund seeks to track the investment results of dividend-paying large-cap companies in the U.S. equity market.

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.

DLN Weights holdings by projected cash dividends, not yield, so the biggest actual payers get the biggest slice. A different sort order than most large-cap dividend funds.sec.gov
At 0.28% a year, it undercuts the typical fund in its dividend-screen peer group, where the median runs 0.39%.
Pays monthly rather than quarterly, and has run the same dividend-weighted playbook since its 2006 launch.
A multi-billion-dollar fund that stays close to its stated index, and one of the stronger implementations in the US dividend-screen group.

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.

DLN Cheap for its cohort, not cheap outright: VIG, SCHD and DGRO all charge under a tenth of a percent.
Dividend dollars drive the weights, so the largest payers dominate. No dividend-growth-streak or quality screen sits behind the weighting.sec.gov
Weights are set once a year at the index measurement date, so between resets the mix drifts with share prices.sec.gov

Full DIVB profile⁠

Full DLN profile⁠

DIVB vs DLN Holdings

How DIVB and DLN differ

Overlap by weight

47.4%

Shared holdings make up 69.7% of DIVB and 57.3% of DLN.

Level by level

Holdings140 in both47.4%
Countryby domicile99.4%
Asset classEquity100%

Sector

No Sector split for DIVB.

Country, concentration and asset class

Country by domicile

Country weights in DIVB and DLN, widest gap first
Country	More in DIVBMore in DLN	DIVB	DLN
United States	DLN +0.6 points	99.4%	100.0%
Other countries (4)	DIVB +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

DIVB32.7%
DLN26.0%

Securities held

DIVB381
DLN308

Asset class

DIVB: Equity
DLN: Equity

Holdings

Only in DIVB241
In both140
Only in DLN168

Only in DIVB

241 securities, 30.1% of DIVB by weight

Accenture PLC Class A6.53%
Paychex2.06%
Hp Inc1.88%
Leidos Holdings1.44%
Cdw1.31%
Skyworks Solutions1.31%
Microchip Technology Inc1.22%
Gen Digital0.72%
Elevance Health Inc0.58%
Medtronic PLC0.52%
Jack Henry and Associates Inc0.49%
Mondelez International Class A0.44%
Genpact0.43%
United Parcel Service Inc Class B0.42%
Avnet0.38%
Bank of New York Mellon Corp0.37%
Slb0.32%
Marsh0.31%
Oneok0.24%
Carrier Global0.23%
Universal Display Corp0.20%
Crown Castle Inc0.20%
Kenvue0.20%
Kraft Heinz0.18%
Lennar A Class A0.17%
Keurig Dr Pepper Inc0.16%
Willis Towers Watson0.15%
Royalty Pharma PLC Class A0.13%
Vivmark Residential0.13%
Viatris0.13%
Air Products and Chemicals0.12%
Amcor PLC0.11%
Cf Industries Holdings Inc0.11%
Vici Pptys Inc0.11%
Unum0.11%
Clorox0.10%
Best Buy0.09%
Masco0.09%
Tko Group Holdings Inc Class A0.09%
Dow0.09%
Bunge Global SA0.09%
Match Group Inc0.09%
Booz Allen Hamilton Holding Class0.08%
First Horizon0.08%
International Paper0.08%
Lyondellbasell Industries Class A0.08%
Everest Group0.08%
Ovintiv0.07%
Smurfit Westrock PLC0.07%
Expand Energy0.07%

Only in DLN

168 securities, 42.6% of DLN by weight

Microsoft Corp4.94%
Nvidia Corp3.52%
Apple Inc2.49%
Meta PlatformsInc. Cl A1.87%
Broadcom Inc1.80%
Eli Lilly & Co1.47%
Cisco Systems Inc1.10%
Google Inc1.09%
Visa Inc1.08%
Texas Instruments Inc1.07%
Walmart Inc1.01%
Google Inc1.00%
Goldman Sachs Group Inc0.97%
Micron Technology Inc0.61%
RTX Corp0.54%
Qualcomm Inc0.46%
Oracle Corp0.45%
Health Care REIT Inc0.43%
Mastercard Inc0.40%
Caterpillar Inc0.37%
Lam Research Corp0.37%
Analog Devices Inc0.37%
TransDigm Group Inc0.37%
Bank of New York Mellon Corp0.37%
American Express Co0.36%
TJX Cos Inc0.33%
Equinix Inc0.32%
Costco Wholesale Corp0.32%
Deere & Co0.31%
General Electric Co0.30%
Dell Technologies -C0.28%
Equity Residential0.27%
Paccar Inc0.27%
Applied Materials Inc0.27%
Corning Inc0.27%
Amphenol Corp0.25%
KLA Corp0.25%
Walt Disney Co/The0.24%
Digital Realty Trust Inc0.24%
Newmont Mining Corp0.24%
Charles Schwab Corp/The0.23%
Marsh & Mclennan Cos0.23%
Hewlett Packard Enterprise Co0.21%
Cummins Inc0.20%
Fedex Corp0.20%
Occidental Petroleum Corp0.19%
Emerson Electric Co0.19%
Salesforce Inc0.19%
Targa Resources Corp0.19%
Baker Hughes Inc0.18%

Weight gaps

The 100 widest of 140 Holdings in both funds.

Holding weights in DIVB and DLN, widest gap first
Holding	More in DIVBMore in DLN	DIVB	DLN
Automatic Data Processing IncADP	DIVB +4.59 points	4.98%	0.39%
International Business Machines CoIBM	DIVB +4.32 points	5.18%	0.86%
Cognizant Technology Solutions ClaCTSH	DIVB +2.91 points	2.97%	0.06%
Ss and C Technologies HoldingsSSNC	DIVB +1.35 points	1.37%	0.02%
Broadridge Financial Solutions IncBR	DIVB +1.02 points	1.06%	0.04%
Hca HealthcareHCA	DIVB +0.85 points	0.97%	0.12%
Morgan StanleyMS	DLN +0.76 points	0.51%	1.27%
ProgressivePGR	DIVB +0.68 points	0.77%	0.09%
Amgen IncAMGN	DLN +0.55 points	0.76%	1.31%
JPMorgan Chase & CoJPM	DLN +0.48 points	2.36%	2.84%
PfizerPFE	DIVB +0.43 points	1.39%	0.96%
Coca-ColaKO	DLN +0.39 points	1.08%	1.47%
Altria Group IncMO	DIVB +0.38 points	1.11%	0.73%
CignaCI	DIVB +0.36 points	0.59%	0.23%
Philip Morris InternationalPM	DLN +0.33 points	1.25%	1.58%
SouthernSO	DLN +0.34 points	0.10%	0.44%
Duke Energy CorpDUK	DLN +0.32 points	0.25%	0.57%
Exxonmobil Holdings CorpXOM	DIVB +0.33 points	2.75%	2.42%
Procter & GamblePG	DIVB +0.32 points	1.69%	1.37%
Home DepotHD	DLN +0.29 points	0.76%	1.05%
American Electric Power IncAEP	DLN +0.29 points	0.11%	0.40%
Marathon PetroleumMPC	DIVB +0.28 points	0.64%	0.36%
Capital One Financial CorpCOF	DIVB +0.27 points	0.50%	0.23%
UnitedHealth GroupUNH	DIVB +0.26 points	1.46%	1.20%
D R HortonDHI	DIVB +0.25 points	0.31%	0.06%
Comcast Class ACMCSA	DIVB +0.24 points	0.69%	0.45%
Becton DickinsonBDX	DIVB +0.24 points	0.39%	0.15%
Nextera EnergyNEE	DLN +0.24 points	0.34%	0.58%
Lockheed MartinLMT	DLN +0.23 points	0.34%	0.57%
Abbott LaboratoriesABT	DIVB +0.23 points	0.66%	0.43%
Gilead SciencesGILD	DLN +0.22 points	0.78%	1.00%
Merck & Co IncMRK	DLN +0.22 points	1.34%	1.56%
ConocophillipsCOP	DLN +0.21 points	0.67%	0.88%
Prologis ReitPLD	DLN +0.20 points	0.27%	0.47%
Starbucks CorpSBUX	DLN +0.19 points	0.23%	0.42%
Exelon CorpEXC	DLN +0.19 points	0.08%	0.27%
Simon Property Group Reit IncSPG	DLN +0.19 points	0.22%	0.41%
Kinder MorganKMI	DLN +0.19 points	0.21%	0.40%
Cme Group Class ACME	DIVB +0.18 points	0.43%	0.25%
Us BancorpUSB	DLN +0.18 points	0.29%	0.47%
AflacAFL	DIVB +0.17 points	0.36%	0.19%
Ameriprise Finance IncAMP	DIVB +0.17 points	0.25%	0.08%
Honeywell International IncHON	DIVB +0.17 points	0.38%	0.21%
Consolidated EdisonED	DLN +0.17 points	0.02%	0.19%
Entergy CorpETR	DLN +0.17 points	<0.01%	0.17%
Dominion EnergyD	DLN +0.16 points	0.15%	0.31%
Bank of AmericaBAC	DIVB +0.16 points	1.12%	0.96%
T Mobile Us IncTMUS	DIVB +0.16 points	0.59%	0.43%
Phillips 66PSX	DLN +0.16 points	0.33%	0.49%
Realty Income ReitO	DLN +0.16 points	0.13%	0.29%
Public Storage ReitPSA	DLN +0.15 points	0.16%	0.31%
WilliamsWMB	DLN +0.15 points	0.21%	0.36%
American Tower ReitAMT	DLN +0.15 points	0.27%	0.42%
CitigroupC	DIVB +0.14 points	0.78%	0.64%
General Dynamics CorpGD	DLN +0.13 points	0.20%	0.33%
Travelers CompaniesTRV	DIVB +0.13 points	0.39%	0.26%
AmerenAEE	DLN +0.12 points	0.03%	0.15%
SempraSRE	DLN +0.12 points	0.08%	0.20%
M&T BankMTB	DIVB +0.12 points	0.25%	0.13%
Union PacificUNP	DLN +0.10 points	0.43%	0.53%
Eversource EnergyES	DLN +0.10 points	0.05%	0.15%
ChevronCVX	DLN +0.10 points	1.90%	2.00%
Constellation Brands Class ASTZ	DIVB +0.10 points	0.19%	0.09%
Iron Mountain IncIRM	DLN +0.10 points	0.07%	0.17%
Ford Motor CoF	DLN +0.10 points	0.17%	0.27%
Wec Energy GroupWEC	DLN +0.10 points	0.06%	0.16%
Cvs HealthCVS	DLN +0.09 points	0.42%	0.51%
NisourceNI	DLN +0.09 points	<0.01%	0.10%
BlackRockBLK	DLN +0.09 points	0.33%	0.42%
Truist FinancialTFC	DIVB +0.09 points	0.43%	0.34%
Diamondback EnergyFANG	DLN +0.09 points	0.11%	0.20%
General Mills IncGIS	DIVB +0.09 points	0.19%	0.10%
Global Payments IncGPN	DIVB +0.09 points	0.12%	0.03%
Eog ResourcesEOG	DIVB +0.08 points	0.50%	0.42%
Target CorpTGT	DLN +0.09 points	0.30%	0.39%
3MMMM	DIVB +0.09 points	0.28%	0.19%
Firstenergy CorpFE	DLN +0.09 points	0.07%	0.16%
Nrg Energy IncNRG	DIVB +0.08 points	0.12%	0.04%
PepsicoPEP	DIVB +0.07 points	0.99%	0.92%
Otis WorldwideOTIS	DIVB +0.08 points	0.14%	0.06%
FastenalFAST	DLN +0.07 points	0.09%	0.16%
SyscoSYY	DIVB +0.07 points	0.22%	0.15%
Cms EnergyCMS	DLN +0.07 points	0.01%	0.08%
Johnson & JohnsonJNJ	DLN +0.07 points	2.03%	2.10%
Raymond JamesRJF	DIVB +0.07 points	0.12%	0.05%
Hartford Insurance GroupHIG	DIVB +0.07 points	0.19%	0.12%
Alliant Energy CorpLNT	DLN +0.06 points	0.04%	0.10%
MetlifeMET	DIVB +0.06 points	0.31%	0.25%
Nike Class BNKE	DIVB +0.06 points	0.20%	0.14%
Lowes Companies IncLOW	DIVB +0.05 points	0.34%	0.29%
Extra Space Storage ReitEXR	DLN +0.06 points	0.11%	0.17%
Archer Daniels MidlandADM	DLN +0.05 points	0.10%	0.15%
Public Service Enterprise GroupPEG	DLN +0.05 points	0.10%	0.15%
Pnc Financial Services GroupPNC	DLN +0.05 points	0.33%	0.38%
American Water WorksAWK	DLN +0.06 points	0.03%	0.09%
Centerpoint EnergyCNP	DLN +0.05 points	0.03%	0.08%
Dte EnergyDTE	DLN +0.04 points	0.07%	0.11%
Verizon Communications IncVZ	DLN +0.04 points	1.01%	1.05%
Ppl CorpPPL	DLN +0.04 points	0.06%	0.10%
Wells FargoWFC	DIVB +0.04 points	1.05%	1.01%

All 381 DIVB holdings⁠All 305 DLN 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 DLN Cost

Overpaying DLN vs DIVB

$4,695

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

DIVB 0.05%
$1,060
DLN 0.28%
$5,755

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
DLN 0.28%
Overpaying

Year by year

Year	DIVB	DLN	Overpaying
10	$92	$509	$417
20	$360	$1,976	$1,616
30	$1,060	$5,755	$4,695

Expense ratio

0.05%DIVB, cheaper
0.28%DLN

DIVB0.05%DLN0.28%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

DLN 15th cheapest of 52 funds

DIVB vs DLN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIVB 2.08%, better; DLN 1.73%
Payout (12M): DIVB $1.48; DLN $1.74
Last payment: DIVB $0.42; DLN $0.12
Ex-dividend: DIVB Sep 15, 2026; DLN Oct 27, 2026
Paid on: DIVB Sep 18, 2026; DLN Oct 29, 2026
Frequency: DIVB Quarterly; DLN Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DIVBQuarterly · 15 paymentsAll DIVB payments⁠

DLNMonthly · 46 paymentsAll DLN payments⁠

DIVB vs DLN Risk

Fall from peak · 5 years

DIVB
DLN

Risk facts

VolatilityStd dev, 3 years: DIVB 14.0%DLN 9.9%, better
Return per unit of riskSharpe ratio, 3 years: DIVB 1.58, betterDLN 1.56
Worst fallMax drawdown, 5 years: DIVB −21.1%DLN −16.3%, better
Market sensitivityBeta, 5 years: DIVB 0.88DLN 0.75; Market = 1

DIVB and DLN 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 DLN

In short

Stated mandate

Why people hold it

Worth knowing

How DIVB and DLN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in DLN

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 DLN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in DLN

Weight gaps