DIVB vs OUSA: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

ALPS Funds O’Shares U.S. Quality Dividend ETF

OUSACNYSE Arca

Overlap

26.1%by weight

Expense ratio

DIVB −0.43pt a year

DIVB0.05%OUSA0.48%

Avg volume · 30D

DIVB 14.4×the volume

DIVB298KOUSA20.8K

5Y return · a year

DIVB +5.2pt

DIVB+14.5%OUSA+9.3%

DIVB vs OUSA Performance

Oct 29, 2021 – Oct 30, 2026

+96.4%DIVB+55.9%OUSA

Expense ratio: DIVB 0.05%, better; OUSA 0.48%
Fund size: DIVB $2.31B; OUSA $735M
1Y total return: DIVB +40.7%, better; OUSA +14.1%
Yield (12M): DIVB 2.08%, better; OUSA 1.34%
Holdings: DIVB 384; OUSA 101
Avg volume (30D): DIVB 298K sh, better; OUSA 20.8K sh
NAV per share: DIVB $71.28; OUSA $62.95
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, OUSA, with each pillar’s weight
Pillar	DIVB	OUSA
Cost30% weight	A95Higher	F22
Mission25% weight	A86Higher	A81
Risk15% weight	A74Higher	C54
Tradability15% weight	B64Higher	B55
Holdings10% weight	B60Higher	D36
Durability5% weight	A71Higher	B59

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVB and OUSA 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 OUSA 37th 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 37CJHDVJohn Hancock U.S. High Dividend ETFScore 49
Rank 37COUSAALPS Funds O’Shares U.S. Quality Dividend ETFScore 49
Rank 37CQDFNorthern Trust Quality Dividend ETFScore 49

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

OUSACALPS Funds O’Shares U.S. Quality Dividend 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.

OUSA Three filters, one dividend fund: quality, low volatility and dividend growth, stacked on US large- and mid-caps, then paid out monthly. The boutique, premium-priced take in an aisle stocked with cheap giants.

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.

OUSA OUSA seeks, before fees and expenses, to track the O'Shares U.S. Quality Dividend Index. It is designed to provide access to U.S. large- and mid-cap dividend-paying companies selected using quality, low-volatility and dividend-growth measures.

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.

OUSA No yield chase. The index screens US large- and mid-caps on quality, low volatility and dividend growth, so the filters come before the payout.alpsfunds.com
Distributions land monthly, and the portfolio stays tight at roughly 100 names rather than sprawling across the whole dividend market.
Live since 2015, with real trading history through rate swings and drawdowns instead of a backtest. The holdings line up with the index it advertises.

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.

OUSA At 0.48% a year it costs more than the typical dividend screener, and index heavyweights like SCHD, VIG and DGRO charge a fraction of that.
Trading is thin next to the category's giants, which can mean wider spreads on the way in and on the way out.
In a crowded field of dividend screeners it sits in the lower stretch overall, with cost the main drag on an otherwise on-mandate portfolio.

Full DIVB profile⁠

Full OUSA profile⁠

DIVB vs OUSA Holdings

How DIVB and OUSA differ

Overlap by weight

26.1%

Shared holdings make up 51.8% of DIVB and 47.4% of OUSA.

Level by level

Holdings52 in both26.1%
Countryby domicile98.5%
Asset classEquity100%

Sector

No Sector split for DIVB.

Country, concentration and asset class

Country by domicile

Country weights in DIVB and OUSA, widest gap first
Country	More in DIVBMore in OUSA	DIVB	OUSA
United States	DIVB +0.8 points	99.4%	98.5%
China	OUSA +0.7 points	0.0%	0.7%
Switzerland	OUSA +0.7 points	0.0%	0.7%
Other countries (4)	DIVB +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

DIVB32.7%
OUSA41.8%

Securities held

DIVB381
OUSA100

Asset class

DIVB: Equity
OUSA: Equity

Holdings

Only in DIVB329
In both52
Only in OUSA48

Only in DIVB

329 securities, 47.9% of DIVB by weight

Exxonmobil Holdings Corp2.75%
Chevron1.90%
Hp Inc1.88%
Leidos Holdings1.44%
Pfizer1.39%
Ss and C Technologies Holdings1.37%
Cdw1.31%
Skyworks Solutions1.31%
Microchip Technology Inc1.22%
Bank of America1.12%
Wells Fargo1.05%
Hca Healthcare0.97%
Gilead Sciences0.78%
Citigroup0.78%
Progressive0.77%
Gen Digital0.72%
Conocophillips0.67%
Marathon Petroleum0.64%
Elevance Health Inc0.58%
Morgan Stanley0.51%
Capital One Financial Corp0.50%
Eog Resources0.50%
Jack Henry and Associates Inc0.49%
Genpact0.43%
Truist Financial0.43%
Cme Group Class A0.43%
United Parcel Service Inc Class B0.42%
Cvs Health0.42%
Valero Energy Corp0.41%
Becton Dickinson0.39%
Avnet0.38%
Bank of New York Mellon Corp0.37%
Phillips 660.33%
Pnc Financial Services Group0.33%
Slb0.32%
D R Horton0.31%
Metlife0.31%
Blackstone0.31%
Target Corp0.30%
Us Bancorp0.29%
Prologis Reit0.27%
American Tower Reit0.27%
Ameriprise Finance Inc0.25%
M&T Bank0.25%
Duke Energy Corp0.25%
Oneok0.24%
Prudential Financial Inc0.24%
Carrier Global0.23%
Starbucks Corp0.23%
Simon Property Group Reit Inc0.22%

Only in OUSA

48 securities, 52.5% of OUSA by weight

Visa Inc.5.38%
Microsoft Corp.5.06%
Apple Inc.5.04%
Mastercard Inc.5.03%
Alphabet Inc.4.01%
TJX Cos. Inc.3.04%
Cisco Systems Inc.2.87%
Meta Platforms Inc.2.05%
Eli Lilly & Co.1.65%
Texas Instruments Inc.1.44%
Walt Disney Co.1.30%
Motorola Solutions Inc.0.85%
Costco Wholesale Corp.0.77%
Amphenol Corp.0.75%
Analog Devices Inc.0.74%
Moody's Corp.0.70%
Cintas Corp.0.70%
TE Connectivity PLC0.70%
Broadcom Inc.0.64%
Chubb Ltd.0.51%
S&P Global Inc.0.50%
NVIDIA Corp.0.47%
MSCI Inc.0.46%
Aon PLC0.44%
VeriSign Inc.0.44%
Cboe Global Markets Inc.0.42%
Stryker Corp.0.41%
RTX Corp.0.38%
Booking Holdings Inc.0.38%
Northrop Grumman Corp.0.38%
Zoetis Inc.0.38%
Caterpillar Inc.0.37%
QUALCOMM Inc.0.36%
Intuit Inc.0.35%
Waste Management Inc.0.34%
Trane Technologies PLC0.33%
Parker-Hannifin Corp.0.32%
WW Grainger Inc.0.31%
CSX Corp.0.30%
Ross Stores Inc.0.29%
Cummins Inc.0.25%
eBay Inc.0.22%
General Electric Co.0.22%
Garmin Ltd.0.20%
AMETEK Inc.0.20%
American Express Co.0.20%
Eaton Corp. PLC0.19%
PACCAR Inc.0.13%

Weight gaps

All 52 Holdings in both funds, largest gap first.

Holding weights in DIVB and OUSA, widest gap first
Holding	More in DIVBMore in OUSA	DIVB	OUSA
International Business Machines CoIBM	DIVB +4.85 points	5.18%	0.33%
Accenture PLC Class AACN	DIVB +4.44 points	6.53%	2.09%
Automatic Data Processing IncADP	DIVB +3.73 points	4.98%	1.25%
Home DepotHD	OUSA +3.06 points	0.76%	3.82%
Johnson & JohnsonJNJ	OUSA +2.87 points	2.03%	4.90%
Cognizant Technology Solutions ClaCTSH	DIVB +2.61 points	2.97%	0.36%
Mcdonalds CorpMCD	OUSA +2.16 points	0.52%	2.68%
JPMorgan Chase & CoJPM	DIVB +1.77 points	2.36%	0.59%
Nextera EnergyNEE	OUSA +1.67 points	0.34%	2.01%
PaychexPAYX	DIVB +1.51 points	2.06%	0.55%
Amgen IncAMGN	OUSA +1.16 points	0.76%	1.92%
UnitedHealth GroupUNH	DIVB +1.09 points	1.46%	0.37%
Merck & Co IncMRK	DIVB +1.04 points	1.34%	0.30%
AT&TT	OUSA +0.97 points	0.80%	1.77%
Lowes Companies IncLOW	OUSA +0.86 points	0.34%	1.20%
Allstate CorpALL	OUSA +0.84 points	0.21%	1.05%
Broadridge Financial Solutions IncBR	DIVB +0.83 points	1.06%	0.23%
Illinois Tool IncITW	OUSA +0.81 points	0.27%	1.08%
AbbVieABBV	DIVB +0.80 points	1.94%	1.14%
MarshMRSH	OUSA +0.74 points	0.31%	1.05%
FastenalFAST	OUSA +0.72 points	0.09%	0.81%
T Mobile Us IncTMUS	OUSA +0.63 points	0.59%	1.22%
Yum BrandsYUM	OUSA +0.57 points	0.13%	0.70%
Union PacificUNP	OUSA +0.56 points	0.43%	0.98%
Philip Morris InternationalPM	DIVB +0.55 points	1.25%	0.70%
Altria Group IncMO	DIVB +0.52 points	1.11%	0.59%
Bristol Myers SquibbBMY	OUSA +0.46 points	0.63%	1.09%
General Dynamics CorpGD	OUSA +0.46 points	0.20%	0.66%
Coca-ColaKO	OUSA +0.40 points	1.08%	1.48%
Lockheed MartinLMT	OUSA +0.40 points	0.34%	0.74%
CignaCI	DIVB +0.35 points	0.59%	0.24%
Mondelez International Class AMDLZ	DIVB +0.32 points	0.44%	0.12%
Snap On IncSNA	OUSA +0.31 points	0.06%	0.37%
PepsicoPEP	DIVB +0.29 points	0.99%	0.70%
Comcast Class ACMCSA	OUSA +0.26 points	0.69%	0.95%
Otis WorldwideOTIS	OUSA +0.25 points	0.14%	0.39%
Verizon Communications IncVZ	OUSA +0.24 points	1.01%	1.25%
Abbott LaboratoriesABT	OUSA +0.22 points	0.66%	0.88%
Cincinnati FinancialCINF	OUSA +0.21 points	0.08%	0.29%
Honeywell International IncHON	DIVB +0.19 points	0.38%	0.19%
Travelers CompaniesTRV	OUSA +0.18 points	0.39%	0.57%
Kimberly ClarkKMB	DIVB +0.14 points	0.24%	0.10%
Medtronic PLCMDT	DIVB +0.14 points	0.52%	0.38%
KenvueKVUE	DIVB +0.13 points	0.20%	0.07%
Hartford Insurance GroupHIG	OUSA +0.12 points	0.19%	0.31%
AflacAFL	DIVB +0.11 points	0.36%	0.25%
3MMMM	DIVB +0.11 points	0.28%	0.17%
T Rowe Price GroupTROW	OUSA +0.08 points	0.14%	0.22%
Colgate-PalmoliveCL	DIVB +0.09 points	0.30%	0.21%
BlackRockBLK	DIVB +0.08 points	0.33%	0.25%
Procter & GamblePG	OUSA +0.07 points	1.69%	1.76%
Hershey FoodsHSY	DIVB +0.06 points	0.12%	0.06%

All 381 DIVB holdings⁠All 101 OUSA 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 OUSA Cost

Overpaying OUSA vs DIVB

$8,545

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

DIVB 0.05%
$1,060
OUSA 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
OUSA 0.48%
Overpaying

Year by year

Year	DIVB	OUSA	Overpaying
10	$92	$865	$773
20	$360	$3,328	$2,968
30	$1,060	$9,605	$8,545

Expense ratio

0.05%DIVB, cheaper
0.48%OUSA

DIVB0.05%OUSA0.48%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

OUSA 41st cheapest of 52 funds

DIVB vs OUSA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIVB 2.08%, better; OUSA 1.34%
Payout (12M): DIVB $1.48; OUSA $0.85
Last payment: DIVB $0.42; OUSA $0.09
Ex-dividend: DIVB Sep 15, 2026; OUSA Oct 22, 2026
Paid on: DIVB Sep 18, 2026; OUSA Oct 27, 2026
Frequency: DIVB Quarterly; OUSA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DIVBQuarterly · 15 paymentsAll DIVB payments⁠

OUSAMonthly · 46 paymentsAll OUSA payments⁠

DIVB vs OUSA Risk

Fall from peak · 5 years

DIVB
OUSA

Risk facts

VolatilityStd dev, 3 years: DIVB 14.0%OUSA 10.7%, better
Return per unit of riskSharpe ratio, 3 years: DIVB 1.58, betterOUSA 1.10
Worst fallMax drawdown, 5 years: DIVB −21.1%OUSA −19.5%, better
Market sensitivityBeta, 5 years: DIVB 0.88OUSA 0.72; Market = 1

DIVB and OUSA 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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