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DIVB vs SPYD

iShares Core Dividend ETF

DIVBACboe

State Street SPDR Portfolio S&P 500 High Dividend ETF

SPYDANYSE Arca

Overlap

22.5%by weight

Expense ratio

DIVB −0.02pt a year

DIVB0.05%SPYD0.07%

Avg volume · 30D

SPYD 3.2×the volume

DIVB322KSPYD1.03M

5Y return · a year

DIVB +5.5pt

DIVB+13.8%SPYD+8.3%

DIVB vs SPYD Performance

Nov 5, 2021 – Nov 6, 2026

+91.1%DIVB+49.1%SPYD

Nov 5, 2021 to Nov 6, 2026. DIVB +91.1%. SPYD +49.1%. Use the arrow keys to read each point.0%25%75%Nov 2021May 2024Nov 2026
Expense ratio
DIVB 0.05%, better
SPYD 0.07%
Fund size
DIVB $2.35B
SPYD $7.88B
1Y total return
DIVB +40.4%, better
SPYD +22.4%
Yield (12M)
DIVB 2.11%
SPYD 4.17%, better
Holdings
DIVB 383
SPYD 79
Avg volume (30D)
DIVB 322K sh
SPYD 1.03M sh, better
NAV per share
DIVB $71.17
SPYD $50.52
52W range

ETF.net Grade

DIVB: Cost 95, Risk 69, Mission 87, Tradability 65, Holdings 54, Durability 72. SPYD: Cost 88, Risk 47, Mission 88, Tradability 91, Holdings 73, Durability 83.
Pillar letters and Scores for DIVB, SPYD, with each pillar’s weight
PillarDIVBSPYD
Cost30% weightA95HigherA88
Mission25% weightA87A88Higher
Risk15% weightB69HigherC47
Tradability15% weightB65A91Higher
Holdings10% weightC54A73Higher
Durability5% weightA72A83Higher

Rank among US Dividend Index funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DIVB and SPYD 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 ›

SPYD ranks 3rd and DIVB 4th of 52 funds in the US Dividend Index Category.

  1. Rank 1ADGROiShares Core Dividend Growth ETFScore 86
  2. Rank 2ASCHDSchwab U.S. Dividend Equity ETFScore 81
  3. Rank 3ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 80
  4. Rank 4ADIVBiShares Core Dividend ETFScore 79
  5. Rank 5AVIGVanguard Dividend Appreciation ETFScore 78

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

SPYDAState Street SPDR Portfolio S&P 500 High 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.

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

  • 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.
  • SPYD 0.07% a year against a 0.39% median across dividend-screen peers. It undercuts DGRO's 0.08% and sits a hair above SCHD.
  • A pure yield screen, not a growth screen. Where VIG and DGRO buy payout raisers, SPYD takes the high-dividend end of the S&P 500. Different flavor of the same food group.
  • Running since 2015, now a multi-billion-dollar fund and one of the more actively traded names in its cohort, so getting in and out is rarely the hard part.
  • Pays quarterly and has tracked the S&P 500 High Dividend Index closely, which is the whole job for a fund like this.

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.
  • SPYD About 80 stocks is a narrow slice. Screening on yield pulls the sector mix away from the broad S&P 500, and the ride can be bumpier than the index it comes from.
  • A high yield is a ranking, not a promise. The index sorts on payout size, not on how reliably a company has grown or defended that payout.

Full DIVB profile⁠

Full SPYD profile⁠

DIVB vs SPYD Holdings

How DIVB and SPYD differ

Overlap by weight

22.5%

Shared holdings make up 97.3% of SPYD and 28.4% of DIVB.

Level by level

  • Holdings75 in both22.5%
  • Sector11 Sectors55.6%
  • Countryby domicile97.5%
  • Asset classStocks100%

Sector

Sector weights in DIVB and SPYD, widest gap first
SectorMore in DIVBMore in SPYDGap
Real EstateSPYD +21.4 points
TechnologyDIVB +17.9 points
Health CareDIVB +10.3 points
IndustrialsDIVB +9.7 points
UtilitiesSPYD +8.8 points
MaterialsSPYD +6.6 points
Consumer StaplesSPYD +4.5 points
EnergyDIVB +3.5 points
FinancialsDIVB +2.8 points
CommunicationSPYD +1.7 points
Consumer DiscretionarySPYD +1.5 points

Country, concentration and asset class

Country by domicile

Country weights in DIVB and SPYD, widest gap first
CountryMore in DIVBMore in SPYDGap
United StatesDIVB +2.0 points
United KingdomSPYD +1.3 points
IrelandSPYD +1.2 points
Other countries (2)DIVB +0.5 points

Concentration

Weight in the 10 largest Holdings

  • DIVB32.9%
  • SPYD16.3%

Securities held

  • 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%

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 weights in DIVB and SPYD, widest gap first
HoldingMore in DIVBMore in SPYDGap
Accenture PLC Class AACNDIVB +4.31 points
HasbroHASSPYD +1.67 points
Stanley Black & DeckerSWKSPYD +1.59 points
Jm SmuckerSJMSPYD +1.38 points
Best BuyBBYSPYD +1.36 points
Ares Management Class AARESSPYD +1.35 points
Crown Castle IncCCISPYD +1.29 points
Extra Space Storage ReitEXRSPYD +1.29 points

All 380 DIVB holdings⁠All 77 SPYD 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 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

$10,000
30 years

Cost over time

  • DIVB 0.05%
  • SPYD 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530SPYD $1,480DIVB $1,060

Year by year

YearDIVBSPYDOverpaying
10$92$128$36
20$360$503$143
30$1,060$1,480$420

Expense ratio

  • 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

Last 12 months to Nov 6, 2026
Yield (12M)
DIVB 2.11%
SPYD 4.17%, better
Payout (12M)
DIVB $1.48
SPYD $2.06
Last payment
DIVB $0.42
SPYD $0.52
Ex-dividend
DIVB Sep 15, 2026
SPYD Sep 21, 2026
Paid on
DIVB Sep 18, 2026
SPYD Sep 23, 2026
Frequency
DIVB Quarterly
SPYD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DIVBQuarterly · 36 paymentsAll DIVB payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.10; Mar 22, 2018 $0.13; Jun 26, 2018 $0.14; Sep 26, 2018 $0.15; Dec 17, 2018 $0.16; Mar 20, 2019 $0.17; Jun 17, 2019 $0.14; Sep 24, 2019 $0.16; Dec 16, 2019 $0.17; Mar 25, 2020 $0.17; Jun 15, 2020 $0.16; Sep 23, 2020 $0.17; Dec 14, 2020 $0.18; Mar 25, 2021 $0.16; Jun 10, 2021 $0.17; Sep 24, 2021 $0.15; Dec 13, 2021 $0.21; Mar 24, 2022 $0.16; Jun 9, 2022 $0.16; Sep 26, 2022 $0.22; Dec 13, 2022 $0.22; Mar 23, 2023 $0.31; Jun 7, 2023 $0.26; Sep 26, 2023 $0.39; Dec 20, 2023 $0.35; Mar 21, 2024 $0.25; Jun 11, 2024 $0.28; Sep 25, 2024 $0.36; Dec 17, 2024 $0.35; Mar 18, 2025 $0.31; Jun 16, 2025 $0.29; Sep 16, 2025 $0.34; Dec 16, 2025 $0.39; Mar 17, 2026 $0.34; Jun 15, 2026 $0.33; Sep 15, 2026 $0.42. Use the arrow keys to read each point.$0$0.502017202020232026YTD
SPYDQuarterly · 39 paymentsAll SPYD payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.32; Jun 16, 2017 $0.34; Sep 15, 2017 $0.36; Dec 15, 2017 $0.71; Mar 16, 2018 $0.35; Jun 15, 2018 $0.38; Sep 21, 2018 $0.45; Dec 21, 2018 $0.44; Mar 15, 2019 $0.34; Jun 21, 2019 $0.46; Sep 20, 2019 $0.45; Dec 20, 2019 $0.50; Mar 20, 2020 $0.40; Jun 19, 2020 $0.37; Sep 18, 2020 $0.26; Dec 18, 2020 $0.61; Mar 19, 2021 $0.64; Jun 18, 2021 $0.40; Sep 17, 2021 $0.39; Dec 17, 2021 $0.13; Mar 18, 2022 $0.65; Jun 17, 2022 $0.40; Sep 16, 2022 $0.42; Dec 16, 2022 $0.51; Mar 17, 2023 $0.39; Jun 16, 2023 $0.47; Sep 15, 2023 $0.44; Dec 15, 2023 $0.53; Mar 15, 2024 $0.37; Jun 21, 2024 $0.49; Sep 20, 2024 $0.46; Dec 20, 2024 $0.55; Mar 24, 2025 $0.42; Jun 23, 2025 $0.50; Sep 22, 2025 $0.49; Dec 22, 2025 $0.55; Mar 23, 2026 $0.45; Jun 22, 2026 $0.54; Sep 21, 2026 $0.52. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DIVB vs SPYD Risk

Fall from peak · 5 years

  • DIVB
  • SPYD
Nov 5, 2021 to Nov 6, 2026. Worst fall: SPYD −22.2% · Oct 2023. Use the arrow keys to read each point.−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DIVB 14.0%, betterSPYD 14.5%
Return per unit of riskSharpe ratio, 3 years
DIVB 1.58, betterSPYD 0.96
Worst fallMax drawdown, 5 years
DIVB −21.1%, betterSPYD −22.2%
Market sensitivityBeta, 5 years
DIVB 0.88SPYD 0.64

DIVB and SPYD in the news

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