SPYD ranks 3rd and DIVB 4th of 52 funds in the US Dividend Index Category.
DIVB vs SPYD
22.5%by weight
DIVB −0.02pt a year
0.05%0.07%
SPYD 3.2×the volume
322K1.03M
DIVB +5.5pt
+13.8%+8.3%
DIVB vs SPYD Performance
+91.1%+49.1%
- DIVB 0.05%, better
- SPYD 0.07%
- DIVB $2.35B
- SPYD $7.88B
- DIVB +40.4%, better
- SPYD +22.4%
- DIVB 2.11%
- SPYD 4.17%, better
- DIVB 383
- SPYD 79
- DIVB 322K sh
- SPYD 1.03M sh, better
- DIVB $71.17
- SPYD $50.52
ETF.net Grade
| Pillar | DIVB | SPYD |
|---|---|---|
| Cost | A95Higher | A88 |
| Mission | A87 | A88Higher |
| Risk | B69Higher | C47 |
| Tradability | B65 | A91Higher |
| Holdings | C54 | A73Higher |
| Durability | A72 | A83Higher |
Rank among US Dividend Index funds
Same Category. DIVB and SPYD are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.
Our read on each fund
DIVBA
SPYDA
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.
SPYD Most dividend ETFs hunt for companies that keep raising payouts. SPYD skips the courtship and goes straight for the yield: roughly 80 high-dividend names out of the S&P 500, for 0.07% a year.
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.
SPYD The fund seeks to provide returns that generally correspond to the total return of the S&P 500 High Dividend Index before fees and expenses.
Why people hold it
Worth knowing
DIVB vs SPYD Holdings
How DIVB and SPYD differ
22.5%
Shared holdings make up 97.3% of SPYD and 28.4% of DIVB.
Level by level
- Holdings22.5%
- Sector55.6%
- Country97.5%
Sector
| Sector | More in DIVBMore in SPYD | Gap | DIVB | SPYD |
|---|---|---|---|---|
| Real Estate | SPYD +21.4 points | 2.9% | 24.3% | |
| Technology | DIVB +17.9 points | 21.8% | 3.9% | |
| Health Care | DIVB +10.3 points | 14.7% | 4.4% | |
| Industrials | DIVB +9.7 points | 14.9% | 5.2% | |
| Utilities | SPYD +8.8 points | 2.2% | 10.9% | |
| Materials | SPYD +6.6 points | 1.2% | 7.8% | |
| Consumer Staples | SPYD +4.5 points | 9.5% | 14.0% | |
| Energy | DIVB +3.5 points | 9.3% | 5.8% | |
| Financials | DIVB +2.8 points | 16.2% | 13.4% | |
| Communication | SPYD +1.7 points | 3.4% | 5.1% | |
| Consumer Discretionary | SPYD +1.5 points | 3.9% | 5.4% |
Country, concentration and asset class
Country
| Country | More in DIVBMore in SPYD | Gap | DIVB | SPYD |
|---|---|---|---|---|
| United States | DIVB +2.0 points | 99.3% | 97.3% | |
| United Kingdom | SPYD +1.3 points | 0.1% | 1.4% | |
| Ireland | SPYD +1.2 points | 0.1% | 1.3% | |
| Other countries (2) | DIVB +0.5 points | 0.5% | 0.0% |
Concentration
- DIVB32.9%
- SPYD16.3%
- DIVB380
- SPYD77
Asset class
- DIVB
- Stocks
- SPYD
- Stocks
Holdings
- Only in DIVB305
- In both75
- Only in SPYD2
Only in DIVB
305 securities, 71.2% of DIVB by weight
- Automatic Data Processing Inc5.23%
- International Business Machines Co4.98%
- Cognizant Technology Solutions Cla3.04%
- Exxonmobil Holdings Corp2.43%
- JPMorgan Chase & Co2.37%
- Johnson & Johnson2.03%
- AbbVie1.90%
- Procter & Gamble1.75%
- UnitedHealth Group1.42%
- Leidos Holdings1.38%
- Cdw1.36%
- Ss and C Technologies Holdings1.34%
- Merck & Co Inc1.32%
- Skyworks Solutions1.22%
- Philip Morris International1.21%
- Broadridge Financial Solutions Inc1.15%
- Bank of America1.12%
- Coca-Cola1.10%
- Wells Fargo1.07%
- Hca Healthcare1.04%
- Microchip Technology Inc1.02%
- Home Depot0.82%
- Progressive0.77%
- Gilead Sciences0.77%
- Gen Digital0.76%
- Citigroup0.75%
- Amgen Inc0.75%
- Abbott Laboratories0.71%
- T Mobile Us Inc0.61%
- Elevance Health Inc0.60%
- Conocophillips0.60%
- Cigna0.59%
- Mcdonalds Corp0.56%
- Jack Henry and Associates Inc0.54%
- Marathon Petroleum0.54%
- Capital One Financial Corp0.50%
- Morgan Stanley0.50%
- Mondelez International Class A0.46%
- Genpact0.45%
- Cme Group Class A0.44%
- Union Pacific0.42%
- Becton Dickinson0.42%
- Travelers Companies0.40%
- Cvs Health0.38%
- Lowes Companies Inc0.37%
- Bank of New York Mellon Corp0.37%
- Aflac0.37%
- Valero Energy Corp0.36%
- Nextera Energy0.36%
- BlackRock0.34%
Only in SPYD
2 securities, 2.3% of SPYD by weight
- Omnicom Group1.40%
- Fidelity National Info Serv0.93%
Weight gaps
All 75 Holdings in both funds, largest gap first.
| Holding | More in DIVBMore in SPYD | Gap | DIVB | SPYD |
|---|---|---|---|---|
| Accenture PLC Class A | DIVB +4.31 points | 6.73% | 2.42% | |
| Hasbro | SPYD +1.67 points | 0.04% | 1.71% | |
| Stanley Black & Decker | SPYD +1.59 points | 0.06% | 1.65% | |
| Jm Smucker | SPYD +1.38 points | 0.06% | 1.44% | |
| Best Buy | SPYD +1.36 points | 0.10% | 1.46% | |
| Ares Management Class A | SPYD +1.35 points | 0.08% | 1.43% | |
| Crown Castle Inc | SPYD +1.29 points | 0.21% | 1.50% | |
| Extra Space Storage Reit | SPYD +1.29 points | 0.12% | 1.41% | |
| Amcor PLC | SPYD +1.24 points | 0.11% | 1.35% | |
| Aes | SPYD +1.24 points | 0.04% | 1.28% | |
| Evergy | SPYD +1.24 points | 0.05% | 1.29% | |
| Mosaic | SPYD +1.23 points | 0.02% | 1.25% | |
| Public Storage Reit | SPYD +1.23 points | 0.16% | 1.39% | |
| Pinnacle West | SPYD +1.23 points | 0.02% | 1.25% | |
| Franklin Templeton | SPYD +1.23 points | 0.04% | 1.27% | |
| Dow | SPYD +1.23 points | 0.08% | 1.31% | |
| Host Hotels & Resorts Reit | SPYD +1.22 points | 0.06% | 1.28% | |
| Clorox | SPYD +1.21 points | 0.12% | 1.33% | |
| American Tower Reit | SPYD +1.21 points | 0.28% | 1.49% | |
| Bxp | SPYD +1.20 points | 0.03% | 1.23% | |
| Smurfit Westrock PLC | SPYD +1.21 points | 0.07% | 1.28% | |
| Kimco Realty Reit Corp | SPYD +1.19 points | 0.06% | 1.25% | |
| Lyondellbasell Industries Class A | SPYD +1.19 points | 0.07% | 1.26% | |
| Exelon Corp | SPYD +1.19 points | 0.08% | 1.27% | |
| Eversource Energy | SPYD +1.18 points | 0.05% | 1.23% | |
| Mccormick & Co Non-Voting | SPYD +1.17 points | 0.06% | 1.23% | |
| Target Corp | SPYD +1.15 points | 0.31% | 1.46% | |
| Regency Centers Reit Corp | SPYD +1.15 points | 0.03% | 1.18% | |
| Healthpeak Properties Inc | SPYD +1.15 points | 0.01% | 1.16% | |
| Udr Reit | SPYD +1.14 points | 0.05% | 1.19% | |
| Federal Realty Investment Trust Re | SPYD +1.14 points | 0.02% | 1.16% | |
| Essex Property Trust Reit | SPYD +1.13 points | 0.05% | 1.18% | |
| Firstenergy Corp | SPYD +1.13 points | 0.07% | 1.21% | |
| Invitation Homes | SPYD +1.13 points | 0.06% | 1.19% | |
| Mid America Apartment Communities | SPYD +1.12 points | 0.06% | 1.18% | |
| Alexandria Real Estate Equities Re | SPYD +1.12 points | 0.04% | 1.16% | |
| Camden Property Trust Reit | SPYD +1.12 points | 0.06% | 1.18% | |
| Hormel Foods Corp | SPYD +1.10 points | 0.04% | 1.14% | |
| Vici Pptys Inc | SPYD +1.10 points | 0.11% | 1.21% | |
| Dominion Energy | SPYD +1.10 points | 0.15% | 1.25% | |
| Vivmark Residential | SPYD +1.09 points | 0.13% | 1.22% | |
| Medtronic PLC | SPYD +1.07 points | 0.56% | 1.63% | |
| International Paper | SPYD +1.07 points | 0.08% | 1.15% | |
| Prudential Financial Inc | SPYD +1.06 points | 0.25% | 1.31% | |
| Keycorp | SPYD +1.07 points | 0.09% | 1.16% | |
| General Mills Inc | SPYD +1.06 points | 0.20% | 1.26% | |
| Kraft Heinz | SPYD +1.05 points | 0.19% | 1.24% | |
| T Rowe Price Group | SPYD +1.06 points | 0.14% | 1.20% | |
| Kimberly Clark | SPYD +1.05 points | 0.24% | 1.29% | |
| Duke Energy Corp | SPYD +1.05 points | 0.25% | 1.30% | |
| Simon Property Group Reit Inc | SPYD +1.05 points | 0.23% | 1.28% | |
| Regions Financial | SPYD +1.04 points | 0.13% | 1.17% | |
| Realty Income Reit | SPYD +1.03 points | 0.14% | 1.17% | |
| Huntington Bancshares Inc | SPYD +1.00 points | 0.09% | 1.09% | |
| Kinder Morgan | SPYD +1.00 points | 0.19% | 1.19% | |
| Nike Class B | SPYD +0.99 points | 0.21% | 1.20% | |
| Oneok | SPYD +0.99 points | 0.21% | 1.20% | |
| Ford Motor Co | SPYD +0.93 points | 0.18% | 1.11% | |
| Blackstone | SPYD +0.93 points | 0.31% | 1.24% | |
| Us Bancorp | SPYD +0.89 points | 0.29% | 1.18% | |
| Edison International | SPYD +0.86 points | 0.11% | 0.97% | |
| Eog Resources | SPYD +0.84 points | 0.44% | 1.28% | |
| Paychex | DIVB +0.83 points | 2.21% | 1.38% | |
| Honeywell International Inc | SPYD +0.80 points | 0.38% | 1.18% | |
| Truist Financial | SPYD +0.79 points | 0.44% | 1.23% | |
| United Parcel Service Inc Class B | SPYD +0.79 points | 0.43% | 1.22% | |
| Bristol Myers Squibb | SPYD +0.69 points | 0.64% | 1.33% | |
| Comcast Class A | SPYD +0.60 points | 0.75% | 1.35% | |
| Hp Inc | DIVB +0.43 points | 1.93% | 1.50% | |
| AT&T | SPYD +0.39 points | 0.82% | 1.21% | |
| Chevron | DIVB +0.31 points | 1.72% | 1.41% | |
| Pepsico | SPYD +0.30 points | 1.04% | 1.34% | |
| Verizon Communications Inc | SPYD +0.29 points | 1.04% | 1.33% | |
| Altria Group Inc | SPYD +0.26 points | 1.11% | 1.37% | |
| Pfizer | SPYD +0.15 points | 1.36% | 1.51% |
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 SPYD Cost
Overpaying SPYD vs DIVB
$420
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
DIVB 0.05%
$1,060
SPYD 0.07%
$1,480
Cost over time
Year by year
| Year | DIVB | SPYD | Overpaying |
|---|---|---|---|
| 10 | $92 | $128 | $36 |
| 20 | $360 | $503 | $143 |
| 30 | $1,060 | $1,480 | $420 |
- 0.05%DIVB, cheaper
- 0.07%SPYD
- Middle half of US Dividend Index funds
- Median 0.35%
DIVB 2nd cheapest of 52 funds
SPYD 6th cheapest of 52 funds
DIVB vs SPYD Dividends
- DIVB 2.11%
- SPYD 4.17%, better
- DIVB $1.48
- SPYD $2.06
- DIVB $0.42
- SPYD $0.52
- DIVB Sep 15, 2026
- SPYD Sep 21, 2026
- DIVB Sep 18, 2026
- SPYD Sep 23, 2026
- DIVB Quarterly
- SPYD Quarterly
Distribution history
DIVB vs SPYD Risk
Fall from peak · 5 years
- DIVB
- SPYD
Risk facts
- Volatility
- DIVB 14.0%, betterSPYD 14.5%
- Return per unit of risk
- DIVB 1.58, betterSPYD 0.96
- Worst fall
- DIVB −21.1%, betterSPYD −22.2%
- Market sensitivity
- DIVB 0.88SPYD 0.64
DIVB and SPYD in the news
Popular comparisons
- 0.05% · 0.06%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.07% · 0.06%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.05% · 0.08%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.07% · 0.15%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.05% · 0.04%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.07% · 0.08%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

