DIVB vs UDIV: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

Franklin U.S. Core Dividend Tilt Index ETF

UDIVBNYSE Arca

Overlap

34.5%by weight

Expense ratio

DIVB −0.01pt a year

DIVB0.05%UDIV0.06%

Avg volume · 30D

DIVB 35.3×the volume

DIVB298KUDIV8.45K

5Y return · a year

DIVB +0.6pt

DIVB+14.5%UDIV+13.9%

DIVB vs UDIV Performance

Oct 29, 2021 – Oct 30, 2026

+96.4%DIVB+91.5%UDIV

Expense ratio: DIVB 0.05%, better; UDIV 0.06%
Fund size: DIVB $2.31B; UDIV $158M
1Y total return: DIVB +40.7%, better; UDIV +15.5%
Yield (12M): DIVB 2.08%, better; UDIV 1.43%
Holdings: DIVB 384; UDIV 293
Avg volume (30D): DIVB 298K sh, better; UDIV 8.45K sh
NAV per share: DIVB $71.28; UDIV $60.65
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, UDIV, with each pillar’s weight
Pillar	DIVB	UDIV
Cost30% weight	A95	A95
Mission25% weight	A86	A100Higher
Risk15% weight	A74Higher	C43
Tradability15% weight	B64Higher	D25
Holdings10% weight	B60Higher	C42
Durability5% weight	A71Higher	C54

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVB and UDIV 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 UDIV 11th 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 11AHDViShares Core High Dividend ETFScore 70
Rank 11BUDIVFranklin U.S. Core Dividend Tilt Index ETFScore 70
Rank 13BDVYiShares Select Dividend ETFScore 69

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

UDIVBFranklin U.S. Core Dividend Tilt Index 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.

UDIV Most dividend funds throw out the market and keep the payers. UDIV keeps the market and leans it: an optimizer nudges a broad US index toward higher yield while staying tethered to it. Income tilt, index shape.

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.

UDIV The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Dividend Enhanced Select Index.

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.

UDIV Six basis points, in a category where the typical fund charges 0.39%. That matches SCHD and undercuts DGRO, the shelf's best-known names.franklintempleton.com
Roughly 140 stocks selected by an optimizer built to maximize yield per unit of active risk against the broad market, not by simply ranking companies on payout.franklintempleton.com
Plain index plumbing: it follows the Morningstar US Dividend Enhanced Select Index with one of the tightest label-to-portfolio matches in its peer group. No side bets bolted on.
Running since 2016 and paying quarterly, which puts it among the stronger implementations in the US dividend-screen crowd.

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.

UDIV Thinly traded and modest in size, so bid-ask spreads can run wider than at the household-name dividend ETFs.
A tilt, not a yield hunt. The index limits how far it drifts from the broad market, which also limits how much extra income the tilt can add.franklintempleton.com
Fully invested in US stocks with no downside cushion. The dividend tilt shapes the payout, not the drawdown.

Full DIVB profile⁠

Full UDIV profile⁠

DIVB vs UDIV Holdings

How DIVB and UDIV differ

Overlap by weight

34.5%

Shared holdings make up 72.9% of DIVB and 38.7% of UDIV.

Level by level

Holdings143 in both34.5%
Asset classEquity100%
Countryby domicile99.5%

Sector

No Sector split for DIVB.

Country, concentration and asset class

Country by domicile

Country weights in DIVB and UDIV, widest gap first
Country	More in DIVBMore in UDIV	DIVB	UDIV
United States	DIVB +0.1 points	99.4%	99.3%
India	DIVB +0.4 points	0.4%	0.0%
China	UDIV +0.2 points	0.0%	0.2%
Switzerland	UDIV +0.2 points	0.0%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Ireland	Same weight	0.1%	0.1%
Brazil	UDIV +0.1 points	0.0%	0.1%
Mexico	UDIV +0.1 points	0.0%	0.1%
Sweden	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DIVB32.7%
UDIV36.3%

Securities held

DIVB381
UDIV290

Asset class

DIVB: Equity
UDIV: Equity

Holdings

Only in DIVB238
In both143
Only in UDIV147

Only in DIVB

238 securities, 26.8% of DIVB by weight

Accenture PLC Class A6.53%
Leidos Holdings1.44%
Ss and C Technologies Holdings1.37%
Skyworks Solutions1.31%
Hca Healthcare0.97%
Gen Digital0.72%
Marathon Petroleum0.64%
Elevance Health Inc0.58%
Medtronic PLC0.52%
Jack Henry and Associates Inc0.49%
Genpact0.43%
Valero Energy Corp0.41%
Becton Dickinson0.39%
Travelers Companies0.39%
Avnet0.38%
Aflac0.36%
Slb0.32%
D R Horton0.31%
Colgate-Palmolive0.30%
Ameriprise Finance Inc0.25%
Universal Display Corp0.20%
General Dynamics Corp0.20%
Kenvue0.20%
Devon Energy0.19%
Hartford Insurance Group0.19%
Lennar A Class A0.17%
Willis Towers Watson0.15%
Royalty Pharma PLC Class A0.13%
Yum Brands0.13%
Vivmark Residential0.13%
Viatris0.13%
Global Payments Inc0.12%
Raymond James0.12%
Halliburton0.11%
Diamondback Energy0.11%
Cf Industries Holdings Inc0.11%
Unum0.11%
Clorox0.10%
Best Buy0.09%
Masco0.09%
Tko Group Holdings Inc Class A0.09%
Bunge Global SA0.09%
Match Group Inc0.09%
Booz Allen Hamilton Holding Class0.08%
First Horizon0.08%
Lyondellbasell Industries Class A0.08%
Everest Group0.08%
Ovintiv0.07%
Smurfit Westrock PLC0.07%
Avery Dennison Corp0.07%

Only in UDIV

147 securities, 61.1% of UDIV by weight

Apple Inc7.55%
NVIDIA Corp6.96%
Microsoft Corp6.13%
Amazon.com Inc3.58%
Broadcom Inc2.54%
Alphabet Inc-Cl A2.43%
Alphabet Inc-Cl C1.95%
Meta Platforms Inc-Class1.87%
Tesla Inc1.75%
Eli Lilly & Co1.59%
Micron Technology Inc1.46%
Advanced Micro Devices1.28%
Texas Instruments Inc0.71%
Palantir Technologies Inc0.69%
Cisco Systems Inc0.67%
Accenture Plc-Cl A0.66%
Visa Inc-Class A Shares0.53%
Analog Devices Inc0.52%
Medtronic PLC0.50%
Lam Research Corp0.50%
Goldman Sachs Group Inc0.49%
Applied Materials Inc0.49%
Palo Alto Networks Inc0.45%
Intel Corp0.43%
Crowdstrike Holdings Inc0.41%
Qualcomm Inc0.39%
Oracle Corp0.37%
Amphenol Corp-Cl A0.34%
Costco Wholesale Corp0.33%
Netflix Inc0.33%
Kla Corp0.33%
Ge Vernova Inc0.31%
Caterpillar Inc0.31%
General Electric0.30%
Rtx Corp0.30%
Walmart Inc0.29%
Nxp Semiconductors NV0.29%
Digital Realty Trust Inc0.26%
Seagate Technology Holdin0.26%
Marvell Technology Inc0.25%
Eaton Corp PLC0.24%
Royal Caribbean Cruises L0.24%
Salesforce Inc0.23%
Arista Networks Inc0.23%
Emerson Electric Co0.23%
Sandisk Corp0.23%
Equinix Inc0.21%
Apollo Global Management0.21%
Vivmark Residential0.21%
Msci Inc0.21%

Weight gaps

The 100 widest of 143 Holdings in both funds.

Holding weights in DIVB and UDIV, widest gap first
Holding	More in DIVBMore in UDIV	DIVB	UDIV
International Business Machines CoIBM	DIVB +4.66 points	5.18%	0.52%
Automatic Data Processing IncADP	DIVB +4.48 points	4.98%	0.50%
Cognizant Technology Solutions ClaCTSH	DIVB +2.83 points	2.97%	0.14%
PaychexPAYX	DIVB +1.89 points	2.06%	0.17%
Hp IncHPQ	DIVB +1.77 points	1.88%	0.11%
Exxonmobil Holdings CorpXOM	DIVB +1.61 points	2.75%	1.14%
CdwCDW	DIVB +1.23 points	1.31%	0.08%
Johnson & JohnsonJNJ	DIVB +1.20 points	2.03%	0.83%
Procter & GamblePG	DIVB +1.09 points	1.69%	0.60%
Microchip Technology IncMCHP	DIVB +1.03 points	1.22%	0.19%
Broadridge Financial Solutions IncBR	DIVB +0.96 points	1.06%	0.10%
JPMorgan Chase & CoJPM	DIVB +0.92 points	2.36%	1.44%
UnitedHealth GroupUNH	DIVB +0.87 points	1.46%	0.59%
AbbVieABBV	DIVB +0.85 points	1.94%	1.09%
ChevronCVX	DIVB +0.78 points	1.90%	1.12%
Wells FargoWFC	DIVB +0.65 points	1.05%	0.40%
Merck & Co IncMRK	DIVB +0.64 points	1.34%	0.70%
PfizerPFE	DIVB +0.58 points	1.39%	0.81%
T Mobile Us IncTMUS	DIVB +0.56 points	0.59%	0.03%
Bank of AmericaBAC	DIVB +0.55 points	1.12%	0.57%
Coca-ColaKO	DIVB +0.53 points	1.08%	0.55%
Altria Group IncMO	DIVB +0.51 points	1.11%	0.60%
CignaCI	DIVB +0.50 points	0.59%	0.09%
Philip Morris InternationalPM	DIVB +0.50 points	1.25%	0.75%
Capital One Financial CorpCOF	DIVB +0.44 points	0.50%	0.06%
ConocophillipsCOP	DIVB +0.42 points	0.67%	0.25%
Gilead SciencesGILD	DIVB +0.40 points	0.78%	0.38%
Abbott LaboratoriesABT	DIVB +0.36 points	0.66%	0.30%
CitigroupC	DIVB +0.36 points	0.78%	0.42%
Comcast Class ACMCSA	DIVB +0.31 points	0.69%	0.38%
PepsicoPEP	DIVB +0.31 points	0.99%	0.68%
Mcdonalds CorpMCD	DIVB +0.29 points	0.52%	0.23%
BlackRockBLK	UDIV +0.28 points	0.33%	0.61%
Verizon Communications IncVZ	DIVB +0.27 points	1.01%	0.74%
AT&TT	DIVB +0.25 points	0.80%	0.55%
MarshMRSH	DIVB +0.26 points	0.31%	0.05%
Prologis ReitPLD	UDIV +0.25 points	0.27%	0.52%
Starbucks CorpSBUX	UDIV +0.22 points	0.23%	0.45%
Bank of New York Mellon CorpBNY	DIVB +0.22 points	0.37%	0.15%
Amgen IncAMGN	DIVB +0.22 points	0.76%	0.54%
Lockheed MartinLMT	DIVB +0.21 points	0.34%	0.13%
Union PacificUNP	DIVB +0.19 points	0.43%	0.24%
FastenalFAST	UDIV +0.18 points	0.09%	0.27%
Phillips 66PSX	DIVB +0.17 points	0.33%	0.16%
Lowes Companies IncLOW	DIVB +0.16 points	0.34%	0.18%
Truist FinancialTFC	DIVB +0.16 points	0.43%	0.27%
Eog ResourcesEOG	DIVB +0.16 points	0.50%	0.34%
Mondelez International Class AMDLZ	DIVB +0.16 points	0.44%	0.28%
Home DepotHD	UDIV +0.15 points	0.76%	0.91%
ProgressivePGR	DIVB +0.14 points	0.77%	0.63%
American Tower ReitAMT	UDIV +0.14 points	0.27%	0.41%
Carrier GlobalCARR	DIVB +0.14 points	0.23%	0.09%
Air Products and ChemicalsAPD	UDIV +0.14 points	0.12%	0.26%
Exelon CorpEXC	UDIV +0.13 points	0.08%	0.21%
Us BancorpUSB	UDIV +0.13 points	0.29%	0.42%
Otis WorldwideOTIS	DIVB +0.13 points	0.14%	0.01%
BlackstoneBX	UDIV +0.12 points	0.31%	0.43%
Nextera EnergyNEE	DIVB +0.12 points	0.34%	0.22%
Allstate CorpALL	DIVB +0.12 points	0.21%	0.09%
Dominion EnergyD	UDIV +0.11 points	0.15%	0.26%
Realty Income ReitO	UDIV +0.11 points	0.13%	0.24%
Morgan StanleyMS	UDIV +0.10 points	0.51%	0.61%
3MMMM	DIVB +0.11 points	0.28%	0.17%
Illinois Tool IncITW	UDIV +0.11 points	0.27%	0.38%
M&T BankMTB	DIVB +0.10 points	0.25%	0.15%
Wec Energy GroupWEC	UDIV +0.10 points	0.06%	0.16%
Public Storage ReitPSA	UDIV +0.10 points	0.16%	0.26%
Kinder MorganKMI	UDIV +0.10 points	0.21%	0.31%
Constellation Brands Class ASTZ	DIVB +0.10 points	0.19%	0.09%
Simon Property Group Reit IncSPG	UDIV +0.10 points	0.22%	0.32%
American Electric Power IncAEP	UDIV +0.10 points	0.11%	0.21%
General Mills IncGIS	DIVB +0.10 points	0.19%	0.09%
Nrg Energy IncNRG	DIVB +0.10 points	0.12%	0.02%
Cvs HealthCVS	DIVB +0.09 points	0.42%	0.33%
Iron Mountain IncIRM	UDIV +0.09 points	0.07%	0.16%
Pnc Financial Services GroupPNC	UDIV +0.08 points	0.33%	0.41%
Cme Group Class ACME	UDIV +0.08 points	0.43%	0.51%
Kraft HeinzKHC	DIVB +0.08 points	0.18%	0.10%
SempraSRE	UDIV +0.08 points	0.08%	0.16%
Public Service Enterprise GroupPEG	UDIV +0.07 points	0.10%	0.17%
MetlifeMET	DIVB +0.08 points	0.31%	0.23%
Eversource EnergyES	UDIV +0.07 points	0.05%	0.12%
Kimberly ClarkKMB	UDIV +0.06 points	0.24%	0.30%
WilliamsWMB	UDIV +0.06 points	0.21%	0.27%
Fifth Third BancorpFITB	UDIV +0.06 points	0.16%	0.22%
Duke Energy CorpDUK	DIVB +0.06 points	0.25%	0.19%
Prudential Financial IncPRU	DIVB +0.06 points	0.24%	0.18%
Honeywell International IncHON	DIVB +0.05 points	0.38%	0.33%
Ares Management Class AARES	UDIV +0.05 points	0.08%	0.13%
Packaging Corp of AmericaPKG	UDIV +0.05 points	0.05%	0.10%
Ppl CorpPPL	DIVB +0.05 points	0.06%	0.01%
SyscoSYY	DIVB +0.05 points	0.22%	0.17%
Archer Daniels MidlandADM	UDIV +0.05 points	0.10%	0.15%
Cincinnati FinancialCINF	UDIV +0.04 points	0.08%	0.12%
Huntington Bancshares IncHBAN	UDIV +0.04 points	0.10%	0.14%
Las Vegas SandsLVS	DIVB +0.04 points	0.09%	0.05%
Ford Motor CoF	UDIV +0.04 points	0.17%	0.21%
Firstenergy CorpFE	UDIV +0.05 points	0.07%	0.12%
Alliant Energy CorpLNT	UDIV +0.04 points	0.04%	0.08%
OneokOKE	UDIV +0.04 points	0.24%	0.28%

All 381 DIVB holdings⁠All UDIV 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 UDIV Cost

Overpaying UDIV vs DIVB

$210

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

DIVB 0.05%
$1,060
UDIV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
UDIV 0.06%
Overpaying

Year by year

Year	DIVB	UDIV	Overpaying
10	$92	$110	$18
20	$360	$432	$72
30	$1,060	$1,270	$210

Expense ratio

0.05%DIVB, cheaper
0.06%UDIV

DIVB0.05%UDIV0.06%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

UDIV 4th cheapest of 52 funds

DIVB vs UDIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DIVB 2.08%, better; UDIV 1.43%
Payout (12M): DIVB $1.48; UDIV $0.87
Last payment: DIVB $0.42; UDIV $0.18
Ex-dividend: DIVB Sep 15, 2026; UDIV Sep 18, 2026
Paid on: DIVB Sep 18, 2026; UDIV Sep 25, 2026
Frequency: DIVB Quarterly; UDIV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DIVBQuarterly · 36 paymentsAll DIVB payments⁠

UDIVQuarterly · 38 paymentsAll UDIV payments⁠

DIVB vs UDIV Risk

Fall from peak · 5 years

DIVB
UDIV

Risk facts

VolatilityStd dev, 3 years: DIVB 14.0%UDIV 12.7%, better
Return per unit of riskSharpe ratio, 3 years: DIVB 1.58, betterUDIV 1.56
Worst fallMax drawdown, 5 years: DIVB −21.1%, betterUDIV −23.2%
Market sensitivityBeta, 5 years: DIVB 0.88UDIV 1.02; Market = 1

DIVB and UDIV 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 UDIV

In short

Stated mandate

Why people hold it

Worth knowing

How DIVB and UDIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in UDIV

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 UDIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVB

Only in UDIV

Weight gaps