DIVB vs OUSM: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

ALPS O'Shares U.S. Small-Cap Quality Dividend ETF

OUSMCNYSE Arca

Overlap

3.8%by weight

Expense ratio

DIVB −0.43pt a year

DIVB0.05%OUSM0.48%

Avg volume · 30D

DIVB 5.1×the volume

DIVB298KOUSM58.6K

5Y return · a year

DIVB +6.6pt

DIVB+14.5%OUSM+7.9%

DIVB vs OUSM Performance

Oct 29, 2021 – Oct 30, 2026

+96.4%DIVB+46.6%OUSM

Expense ratio: DIVB 0.05%, better; OUSM 0.48%
Fund size: DIVB $2.31B; OUSM $810M
1Y total return: DIVB +40.7%, better; OUSM +13.9%
Yield (12M): DIVB 2.08%, better; OUSM 1.99%
Holdings: DIVB 384; OUSM 111
Avg volume (30D): DIVB 298K sh, better; OUSM 58.6K sh
NAV per share: DIVB $71.28; OUSM $48.58
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, OUSM, with each pillar’s weight
Pillar	DIVB	OUSM
Cost30% weight	A95Higher	F22
Mission25% weight	A86	A87Higher
Risk15% weight	A74Higher	F19
Tradability15% weight	B64Higher	C52
Holdings10% weight	B60	B68Higher
Durability5% weight	A71Higher	C50

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVB and OUSM 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 OUSM 40th 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 37CQDFNorthern Trust Quality Dividend ETFScore 49
Rank 40COUSMALPS O'Shares U.S. Small-Cap Quality Dividend ETFScore 48
Rank 40CTPHDTimothy Plan High Dividend Stock ETFScore 48

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

OUSMCALPS O'Shares U.S. Small-Cap 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.

OUSM Most dividend ETFs shop the large-cap aisle. OUSM works the small-cap end instead, screening for quality balance sheets, lower volatility and dividend growth, then paying 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.

OUSM OUSM seeks to track the performance of the O'Shares U.S. Small-Cap Quality Dividend Index before fees and expenses. Its portfolio consists of U.S. small-cap dividend-paying companies selected for quality, low volatility, and dividend-growth characteristics.

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.

OUSM Small-cap and dividend rarely share a shelf. The index screens roughly 110 U.S. small caps for quality, low volatility and dividend growth, a corner the big dividend funds mostly skip.alpsfunds.com
Distributions land monthly rather than quarterly, an uncommon cadence for a stock fund.
Live since 2016 and still doing the one job on the label: track a small-cap quality dividend index, with no drift up into large caps.

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.

OUSM 0.48% a year is the toll for the small-cap screen. Large-cap dividend heavyweights in the same group, including SCHD, VIG and DGRO, charge a fraction of that.
Small caps swing harder than blue chips. The low-volatility screen softens the ride; it does not flatten it.
Moderately traded rather than a category volume leader, so spreads can run wider than in the giant dividend funds.

Full DIVB profile⁠

Full OUSM profile⁠

DIVB vs OUSM Holdings

How DIVB and OUSM differ

Overlap by weight

3.8%

Shared holdings make up 41.9% of OUSM and 3.8% of DIVB.

Level by level

Holdings45 in both3.8%
Countryby domicile99.4%
Asset classEquity100%

Sector

No Sector split for DIVB.

Country, concentration and asset class

Country by domicile

Country weights in DIVB and OUSM, widest gap first
Country	More in DIVBMore in OUSM	DIVB	OUSM
United States	OUSM +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%
OUSM21.5%

Securities held

DIVB381
OUSM110

Asset class

DIVB: Equity
OUSM: Equity

Holdings

Only in DIVB336
In both45
Only in OUSM65

Only in DIVB

336 securities, 95.9% 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%
Gen Digital0.72%
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%

Only in OUSM

65 securities, 57.9% of OUSM by weight

Badger Meter Inc.2.31%
Concentra Group Holdings Parent Inc.2.30%
Encompass Health Corp.2.19%
Lincoln Electric Holdings Inc.2.15%
New York Times Co.2.05%
Amdocs Ltd.2.03%
Chemed Corp.2.02%
Universal Health Services Inc.1.99%
SEI Investments Co.1.87%
Donaldson Co. Inc.1.83%
MGIC Investment Corp.1.80%
National HealthCare Corp.1.79%
InterDigital Inc.1.76%
ePlus Inc.1.76%
Graco Inc.1.73%
Bentley Systems Inc.1.71%
MSA Safety Inc.1.60%
Texas Roadhouse Inc.1.56%
Mueller Industries Inc.1.45%
H&R Block Inc.1.34%
Houlihan Lokey Inc.1.15%
Applied Industrial Technologies Inc.1.11%
Armstrong World Industries Inc.1.11%
Watts Water Technologies Inc.1.08%
RLI Corp.1.01%
Exponent Inc.0.99%
Brady Corp.0.88%
ADT Inc.0.84%
Zurn Elkay Water Solutions Corp.0.79%
Landstar System Inc.0.75%
Tradeweb Markets Inc.0.74%
Simpson Manufacturing Co. Inc.0.66%
Ralph Lauren Corp.0.64%
Valmont Industries Inc.0.60%
Artisan Partners Asset Management Inc.0.60%
Crane Co.0.53%
Evercore Inc.0.50%
Federal Signal Corp.0.50%
FirstCash Holdings Inc.0.48%
Toll Brothers Inc.0.47%
Kennametal Inc.0.47%
Cohen & Steers Inc.0.47%
Mueller Water Products Inc.0.44%
Ennis Inc.0.43%
Buckle Inc.0.36%
BorgWarner Inc.0.33%
Boyd Gaming Corp.0.32%
Graham Holdings Co.0.25%
Southwest Gas Holdings Inc.0.23%
IDACORP Inc.0.21%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in DIVB and OUSM, widest gap first
Holding	More in DIVBMore in OUSM	DIVB	OUSM
HasbroHAS	OUSM +2.19 points	0.04%	2.23%
A O SmithAOS	OUSM +2.13 points	0.04%	2.17%
Dolby Laboratories Class ADLB	OUSM +1.92 points	0.02%	1.94%
PrimericaPRI	OUSM +1.85 points	0.05%	1.90%
Universal Display CorpOLED	OUSM +1.79 points	0.20%	1.99%
Dominos PizzaDPZ	OUSM +1.78 points	0.03%	1.81%
Essent GroupESNT	OUSM +1.77 points	0.05%	1.82%
Federated Hermes Inc Class BFHI	OUSM +1.66 points	0.03%	1.69%
Factset Research SystemsFDS	OUSM +1.53 points	0.06%	1.59%
Jack Henry and Associates IncJKHY	OUSM +1.47 points	0.49%	1.96%
AvnetAVT	OUSM +1.47 points	0.38%	1.85%
Radian GroupRDN	OUSM +1.34 points	0.04%	1.38%
Tko Group Holdings Inc Class ATKO	OUSM +1.26 points	0.09%	1.35%
Mccormick & Co Non-VotingMKC	OUSM +1.20 points	0.06%	1.26%
GentexGNTX	OUSM +1.11 points	0.03%	1.14%
Match Group IncMTCH	OUSM +1.08 points	0.09%	1.17%
Erie Indemnity Class AERIE	OUSM +1.00 points	0.01%	1.01%
PoolPOOL	OUSM +0.91 points	0.04%	0.95%
ServiceSCI	OUSM +0.91 points	0.05%	0.96%
Ingredion IncINGR	OUSM +0.73 points	0.04%	0.77%
Skyworks SolutionsSWKS	OUSM +0.72 points	1.31%	2.03%
CloroxCLX	OUSM +0.61 points	0.10%	0.71%
Lkq CorpLKQ	OUSM +0.60 points	0.03%	0.63%
Brown Forman Class BBF.B	OUSM +0.50 points	0.05%	0.55%
Victory Capital Holdings Class AVCTR	OUSM +0.48 points	0.02%	0.50%
Wyndham Hotels ResortsWH	OUSM +0.47 points	0.03%	0.50%
Vail ResortsMTN	OUSM +0.45 points	0.05%	0.50%
National Fuel GasNFG	OUSM +0.44 points	<0.01%	0.45%
Penske Automotive Group Voting IncPAG	OUSM +0.42 points	0.01%	0.43%
Enact Holdings IncACT	OUSM +0.41 points	<0.01%	0.42%
LearLEA	OUSM +0.40 points	0.04%	0.44%
Jm SmuckerSJM	OUSM +0.38 points	0.06%	0.44%
Essential Utilities IncWTRG	OUSM +0.32 points	0.02%	0.34%
Oge EnergyOGE	OUSM +0.30 points	0.02%	0.32%
Pinnacle WestPNW	OUSM +0.29 points	0.02%	0.31%
Moelis Class AMC	OUSM +0.29 points	0.02%	0.31%
Dicks SportingDKS	OUSM +0.29 points	0.05%	0.34%
Marketaxess HoldingsMKTX	OUSM +0.29 points	0.02%	0.30%
Campbell SoupCPB	OUSM +0.22 points	0.04%	0.26%
New Jersey Resources CorpNJR	OUSM +0.22 points	0.01%	0.23%
Spire IncSR	OUSM +0.20 points	0.01%	0.21%
Cal Maine FoodsCALM	OUSM +0.19 points	0.03%	0.22%
UgiUGI	OUSM +0.17 points	0.03%	0.20%
Northwestern Energy GroupNWE	OUSM +0.14 points	0.01%	0.15%
Reynolds Consumer Products IncREYN	OUSM +0.11 points	<0.01%	0.12%

All 381 DIVB holdings⁠All 111 OUSM 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 OUSM Cost

Overpaying OUSM vs DIVB

$8,545

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

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

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
OUSM 0.48%
Overpaying

Year by year

Year	DIVB	OUSM	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%OUSM

DIVB0.05%OUSM0.48%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

OUSM 41st cheapest of 52 funds

DIVB vs OUSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIVB 2.08%, better; OUSM 1.99%
Payout (12M): DIVB $1.48; OUSM $0.97
Last payment: DIVB $0.42; OUSM $0.02
Ex-dividend: DIVB Sep 15, 2026; OUSM Oct 22, 2026
Paid on: DIVB Sep 18, 2026; OUSM Oct 27, 2026
Frequency: DIVB Quarterly; OUSM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DIVBQuarterly · 15 paymentsAll DIVB payments⁠

OUSMMonthly · 46 paymentsAll OUSM payments⁠

DIVB vs OUSM Risk

Fall from peak · 5 years

DIVB
OUSM

Risk facts

VolatilityStd dev, 3 years: DIVB 14.0%OUSM 13.8%, better
Return per unit of riskSharpe ratio, 3 years: DIVB 1.58, betterOUSM 0.76
Worst fallMax drawdown, 5 years: DIVB −21.1%OUSM −19.4%, better
Market sensitivityBeta, 5 years: DIVB 0.88OUSM 0.78; Market = 1

DIVB and OUSM 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 OUSM

In short

Stated mandate

Why people hold it

Worth knowing

How DIVB and OUSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in OUSM

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 OUSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in OUSM

Weight gaps