DIVB vs TMDV

DIVBAiShares Core Dividend ETF

TMDVCProShares Russell U.S. Dividend Growers 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.

TMDV A dividend fund built around a longevity test: TMDV holds roughly 60 U.S. companies with long unbroken records of raising their payouts, drawn from the full Russell 3000 rather than only the mega-cap crowd.

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.

TMDV TMDV seeks to track, before fees and expenses, the Russell 3000 Dividend Elite Index, which selects U.S. companies with long records of annual dividend increases.

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.

• TMDV The screen is the whole story: only U.S. companies with long records of annual dividend increases make the Russell 3000 Dividend Elite Index.proshares.com
• At 0.35%, it undercuts the typical fund in its dividend-screen peer group.
• About 60 names pulled from the whole Russell 3000, so mid-sized dividend raisers can qualify, not just the usual large-cap payers.proshares.com
• Rules-based and legible: one published index, quarterly distributions, and a portfolio that has stayed close to that stated mandate since the 2019 launch.

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.

• TMDV Small asset base and thin trading volume, so the cost of getting in and out can matter more here than with the category's heavyweights.
• 0.35% is several times what the largest dividend-growth funds charge: VIG, SCHD and DGRO all sit under a tenth of a percent.
• With roughly 60 holdings, single names and sector tilts carry real weight next to broad dividend funds that own hundreds of stocks.

Full DIVB profile⁠

Full TMDV profile⁠