DIVB vs DON: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

WisdomTree U.S. MidCap Dividend Fund

DONBNYSE Arca

Overlap

6.6%by weight

Expense ratio

DIVB −0.33pt a year

DIVB0.05%DON0.38%

Avg volume · 30D

DIVB 1.9×the volume

DIVB298KDON161K

5Y return · a year

DIVB +6.2pt

DIVB+14.5%DON+8.3%

DIVB vs DON Performance

Oct 29, 2021 – Oct 30, 2026

+96.4%DIVB+48.8%DON

Expense ratio: DIVB 0.05%, better; DON 0.38%
Fund size: DIVB $2.31B; DON $3.99B
1Y total return: DIVB +40.7%, better; DON +15.7%
Yield (12M): DIVB 2.08%, better; DON 1.91%
Holdings: DIVB 384; DON 294
Avg volume (30D): DIVB 298K sh, better; DON 161K sh
NAV per share: DIVB $71.28; DON $57.33
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, DON, with each pillar’s weight
Pillar	DIVB	DON
Cost30% weight	A95Higher	C45
Mission25% weight	A86	A98Higher
Risk15% weight	A74Higher	F20
Tradability15% weight	B64	B68Higher
Holdings10% weight	B60	A84Higher
Durability5% weight	A71	A73Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVB and DON 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 DON 19th 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 18BSPDGState Street SPDR Portfolio S&P Sector Neutral Dividend ETFScore 65
Rank 19BDONWisdomTree U.S. MidCap Dividend FundScore 63
Rank 20BDHSWisdomTree U.S. High Dividend FundScore 62

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

DONBWisdomTree U.S. MidCap 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.

DON Most dividend funds read like a mega-cap roll call. DON deletes the 300 largest payers first, then weights what's left by the dollars of dividends each company is projected to pay. Mid-cap income, run the same way since 2006.

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.

DON The Fund seeks to track the price and yield performance of dividend-paying mid-capitalization companies in the U.S. equity market. It uses passive indexing and generally invests in Index constituents or economically similar investments.

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.

DON The index removes the 300 largest U.S. dividend payers before building, so DON holds mid-cap names that mega-cap-heavy dividend funds mostly skip.wisdomtree.com sec.gov
Weights come from projected cash dividends, not market cap, and any one sector is capped at 25% on the annual screening date.sec.gov
Plain passive indexing: roughly 300 holdings, tracking that has stayed close to its index, and cash out the door monthly.
Live since 2006 and now a multi-billion-dollar fund, so the strategy has a long paper trail rather than a launch-week backtest.

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.

DON The 0.38% fee matches the median for dividend-screen funds but runs well above large-cap staples like VIG (0.04%) and SCHD (0.06%).
Mid-cap payers tend to move more than mega-cap stalwarts, and risk is the softest part of this fund's profile inside its dividend peer group.
The fund is classified as non-diversified, and sector weights can drift above that 25% cap between annual screenings.sec.gov

Full DIVB profile⁠

Full DON profile⁠

DIVB vs DON Holdings

How DIVB and DON differ

Overlap by weight

6.6%

Shared holdings make up 63.4% of DON and 7.6% of DIVB.

Level by level

Holdings136 in both6.6%
Countryby domicile99.4%
Asset classEquity100%

Sector

No Sector split for DIVB.

Country, concentration and asset class

Country by domicile

Country weights in DIVB and DON, widest gap first
Country	More in DIVBMore in DON	DIVB	DON
United States	DON +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%
DON13.0%

Securities held

DIVB381
DON292

Asset class

DIVB: Equity
DON: Equity

Holdings

Only in DIVB245
In both136
Only in DON156

Only in DIVB

245 securities, 92.2% of DIVB by weight

Accenture PLC Class A6.53%
International Business Machines Co5.18%
Automatic Data Processing Inc4.98%
Cognizant Technology Solutions Cla2.97%
Exxonmobil Holdings Corp2.75%
JPMorgan Chase & Co2.36%
Paychex2.06%
Johnson & Johnson2.03%
AbbVie1.94%
Chevron1.90%
Hp Inc1.88%
Procter & Gamble1.69%
UnitedHealth Group1.46%
Leidos Holdings1.44%
Pfizer1.39%
Ss and C Technologies Holdings1.37%
Merck & Co Inc1.34%
Cdw1.31%
Philip Morris International1.25%
Microchip Technology Inc1.22%
Bank of America1.12%
Altria Group Inc1.11%
Coca-Cola1.08%
Broadridge Financial Solutions Inc1.06%
Wells Fargo1.05%
Verizon Communications Inc1.01%
Pepsico0.99%
Hca Healthcare0.97%
AT&T0.80%
Gilead Sciences0.78%
Citigroup0.78%
Progressive0.77%
Home Depot0.76%
Amgen Inc0.76%
Comcast Class A0.69%
Conocophillips0.67%
Abbott Laboratories0.66%
Marathon Petroleum0.64%
Bristol Myers Squibb0.63%
T Mobile Us Inc0.59%
Cigna0.59%
Elevance Health Inc0.58%
Mcdonalds Corp0.52%
Medtronic PLC0.52%
Morgan Stanley0.51%
Capital One Financial Corp0.50%
Eog Resources0.50%
Mondelez International Class A0.44%
Genpact0.43%
Union Pacific0.43%

Only in DON

156 securities, 36.5% of DON by weight

Omnicom Group Inc0.95%
Intl Flavors & Fragrances0.90%
Reliance Steel & Aluminum Co0.64%
Dillard's Inc0.64%
Springleaf Holdings Inc0.56%
Equitable Holdings Inc0.54%
Southwest Gas Holdings Inc0.52%
Ball Corp0.50%
Lincoln Electric Holdings Inc0.50%
Lincoln National Corp0.48%
Pinnacle Financial Partners0.44%
H&R Block Inc0.44%
Nordson Corp0.43%
Portland General Electric Co0.42%
EastGroup Properties Inc0.40%
TD Synnex Corp0.40%
Black Hills Corp0.40%
Albertsons Cos Inc - Class A0.40%
U-Store-It Trust0.39%
Carlisle Cos Inc0.38%
Crown Holdings Inc0.38%
Huntington Ingalls Industries Inc0.38%
IDACORP Inc0.38%
ADT Inc0.36%
RLI Corp0.36%
Hunt (JB) Transprt Svcs Inc0.35%
NRG Yield Inc-Class C0.35%
Qnity Electronics Inc0.34%
Texas Roadhouse Inc0.34%
Aramark0.34%
Gap Inc/The0.34%
New York Times Co-A0.34%
Donaldson Co Inc0.34%
Assurant Inc0.33%
Flowserve Corp0.33%
Royal Gold Inc0.33%
ITT Corp0.32%
BorgWarner Inc0.32%
Bank of the Ozarks Inc0.31%
NewMarket Corp0.31%
Jacobs Solutions Inc0.31%
Entegris Inc0.30%
MGIC Investment Corp0.29%
Mueller Industries Inc0.29%
Caretrust Reit Inc0.29%
ONE Gas Inc0.28%
Paycom Software Inc0.28%
Knight-Swift Transportation0.27%
Healthsouth Corp0.26%
Timken Co0.26%

Weight gaps

The 100 widest of 136 Holdings in both funds.

Holding weights in DIVB and DON, widest gap first
Holding	More in DIVBMore in DON	DIVB	DON
Best BuyBBY	DON +1.47 points	0.09%	1.56%
ApaAPA	DON +1.47 points	0.06%	1.53%
ViatrisVTRS	DON +1.40 points	0.13%	1.53%
HasbroHAS	DON +1.28 points	0.04%	1.32%
Hf SinclairDINO	DON +1.27 points	0.06%	1.33%
Franklin TempletonBEN	DON +1.28 points	0.04%	1.32%
Permian Resources Class APR	DON +1.21 points	0.03%	1.24%
Stanley Black & DeckerSWK	DON +1.09 points	0.05%	1.14%
American Financial GroupAFG	DON +1.02 points	0.03%	1.05%
Jm SmuckerSJM	DON +0.90 points	0.06%	0.96%
Oge EnergyOGE	DON +0.87 points	0.02%	0.89%
Antero MidstreamAM	DON +0.86 points	0.03%	0.89%
Pinnacle WestPNW	DON +0.81 points	0.02%	0.83%
AesAES	DON +0.81 points	0.04%	0.85%
OvintivOVV	DON +0.80 points	0.07%	0.87%
Siriusxm HoldingsSIRI	DON +0.77 points	0.02%	0.79%
Snap On IncSNA	DON +0.77 points	0.06%	0.83%
UgiUGI	DON +0.73 points	0.03%	0.76%
Host Hotels & Resorts ReitHST	DON +0.72 points	0.06%	0.78%
Kimco Realty Reit CorpKIM	DON +0.71 points	0.06%	0.77%
Cf Industries Holdings IncCF	DON +0.71 points	0.11%	0.82%
Brown Forman Class ABF.A	DON +0.71 points	<0.01%	0.72%
Penske Automotive Group Voting IncPAG	DON +0.71 points	0.01%	0.72%
Chord EnergyCHRD	DON +0.70 points	0.07%	0.77%
W. P. Carey ReitWPC	DON +0.69 points	0.06%	0.75%
CloroxCLX	DON +0.68 points	0.10%	0.78%
Essential Utilities IncWTRG	DON +0.66 points	0.02%	0.68%
Sun Communities Reit IncSUI	DON +0.65 points	0.04%	0.69%
Columbia Banking System IncCOLB	DON +0.62 points	0.06%	0.68%
Eastman ChemicalEMN	DON +0.61 points	0.04%	0.65%
Dupont De NemoursDD	DON +0.59 points	0.05%	0.64%
Essex Property Trust ReitESS	DON +0.57 points	0.05%	0.62%
Dt MidstreamDTM	DON +0.53 points	0.03%	0.56%
East West BancorpEWBC	DON +0.52 points	0.05%	0.57%
Fidelity National Financial IncFNF	DON +0.52 points	0.04%	0.56%
Blue Owl Capital Class AOWL	DON +0.51 points	0.04%	0.55%
Campbell SoupCPB	DON +0.48 points	0.04%	0.52%
Msc Industrial Class AMSM	DON +0.48 points	0.01%	0.49%
Skyworks SolutionsSWKS	DIVB +0.47 points	1.31%	0.84%
Lamar Advertising Company ClasLAMR	DON +0.46 points	0.05%	0.51%
National Fuel GasNFG	DON +0.45 points	<0.01%	0.46%
MascoMAS	DON +0.45 points	0.09%	0.54%
UnumUNM	DON +0.44 points	0.11%	0.55%
Regency Centers Reit CorpREG	DON +0.44 points	0.03%	0.47%
Avery Dennison CorpAVY	DON +0.43 points	0.07%	0.50%
Zions BancorporationZION	DON +0.43 points	0.02%	0.45%
Ally Financial IncALLY	DON +0.43 points	0.03%	0.46%
Udr ReitUDR	DON +0.42 points	0.05%	0.47%
Matador ResourcesMTDR	DON +0.42 points	0.02%	0.44%
Valley NationalVLY	DON +0.42 points	<0.01%	0.43%
Cullen Frost BankersCFR	DON +0.42 points	0.03%	0.45%
Vail ResortsMTN	DON +0.41 points	0.05%	0.46%
Rpm International IncRPM	DON +0.40 points	0.03%	0.43%
Booz Allen Hamilton Holding ClassBAH	DON +0.40 points	0.08%	0.48%
Murphy OilMUR	DON +0.40 points	0.03%	0.43%
Jackson Financial Class AJXN	DON +0.38 points	0.04%	0.42%
New Jersey Resources CorpNJR	DON +0.38 points	0.01%	0.39%
Ryder SystemR	DON +0.37 points	0.06%	0.43%
United BanksharesUBSI	DON +0.36 points	0.02%	0.38%
First HorizonFHN	DON +0.37 points	0.08%	0.45%
ToroTTC	DON +0.36 points	0.05%	0.41%
Southstate Bank CorpSSB	DON +0.35 points	0.04%	0.39%
Jefferies Financial Group IncJEF	DON +0.34 points	0.03%	0.37%
Oshkosh CorpOSK	DON +0.34 points	0.03%	0.37%
Spire IncSR	DON +0.34 points	0.01%	0.35%
PopularBPOP	DON +0.34 points	0.05%	0.39%
Moelis Class AMC	DON +0.34 points	0.02%	0.36%
Hanover Insurance GroupTHG	DON +0.33 points	0.03%	0.36%
Old National BancorpONB	DON +0.34 points	0.01%	0.35%
MosaicMOS	DON +0.33 points	0.02%	0.35%
Atlantic Union BanksharesAUB	DON +0.34 points	<0.01%	0.34%
MacysM	DON +0.33 points	0.03%	0.36%
Reynolds Consumer Products IncREYN	DON +0.31 points	<0.01%	0.32%
Old Republic InternationalORI	DON +0.31 points	0.05%	0.36%
Voya FinancialVOYA	DON +0.31 points	0.04%	0.35%
Match Group IncMTCH	DON +0.30 points	0.09%	0.39%
Nexstar Media Group IncNXST	DON +0.30 points	0.04%	0.34%
Erie Indemnity Class AERIE	DON +0.30 points	0.01%	0.31%
Prosperity BancsharesPB	DON +0.30 points	0.03%	0.33%
Tko Group Holdings Inc Class ATKO	DON +0.30 points	0.09%	0.39%
Tpg Inc Class ATPG	DON +0.30 points	0.02%	0.32%
Stifel FinancialSF	DON +0.30 points	0.03%	0.33%
First American Financial CorpFAF	DON +0.29 points	0.02%	0.31%
Ingredion IncINGR	DON +0.29 points	0.04%	0.33%
ServiceSCI	DON +0.28 points	0.05%	0.33%
Nnn ReitNNN	DON +0.28 points	0.02%	0.30%
LearLEA	DON +0.28 points	0.04%	0.32%
Jack Henry and Associates IncJKHY	DIVB +0.28 points	0.49%	0.21%
Lamb Weston HoldingsLW	DON +0.27 points	0.05%	0.32%
Sabra Health Care ReitSBRA	DON +0.26 points	0.01%	0.27%
Glacier Bancorp IncGBCI	DON +0.25 points	0.02%	0.27%
Dominos PizzaDPZ	DON +0.26 points	0.03%	0.29%
Fnb CorpFNB	DON +0.24 points	0.02%	0.26%
Bok Financial CorpBOKF	DON +0.24 points	<0.01%	0.25%
Vf CorpVFC	DON +0.24 points	0.01%	0.25%
Home Bancshares IncHOMB	DON +0.23 points	0.02%	0.25%
PoolPOOL	DON +0.23 points	0.04%	0.27%
American Homes Rent Reit Class AAMH	DON +0.22 points	0.04%	0.26%
A O SmithAOS	DON +0.23 points	0.04%	0.27%
Camden Property Trust ReitCPT	DON +0.22 points	0.06%	0.28%

All 381 DIVB holdings⁠All 333 DON 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 DON Cost

Overpaying DON vs DIVB

$6,646

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

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

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
DON 0.38%
Overpaying

Year by year

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

Expense ratio

0.05%DIVB, cheaper
0.38%DON

DIVB0.05%DON0.38%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

DON 28th cheapest of 52 funds

DIVB vs DON Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIVB 2.08%, better; DON 1.91%
Payout (12M): DIVB $1.48; DON $1.09
Last payment: DIVB $0.42; DON $0.09
Ex-dividend: DIVB Sep 15, 2026; DON Oct 27, 2026
Paid on: DIVB Sep 18, 2026; DON Oct 29, 2026
Frequency: DIVB Quarterly; DON Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DIVBQuarterly · 15 paymentsAll DIVB payments⁠

DONMonthly · 46 paymentsAll DON payments⁠

DIVB vs DON Risk

Fall from peak · 5 years

DIVB
DON

Risk facts

VolatilityStd dev, 3 years: DIVB 14.0%, betterDON 15.0%
Return per unit of riskSharpe ratio, 3 years: DIVB 1.58, betterDON 0.76
Worst fallMax drawdown, 5 years: DIVB −21.1%, betterDON −21.7%
Market sensitivityBeta, 5 years: DIVB 0.88DON 0.80; Market = 1

DIVB and DON 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 DON

In short

Stated mandate

Why people hold it

Worth knowing

How DIVB and DON differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in DON

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 DON differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in DON

Weight gaps