DIVE vs HIDV

DIVEDDana Concentrated Dividend ETF

HIDVAAB US High Dividend ETF

In short

DIVE Most dividend funds spread their bets over hundreds of names. DIVE goes the other way: an actively picked book of roughly 25 to 35 dividend payers, chasing growth and income at once. It launched in September 2025, so the track record starts here.

HIDV HIDV hunts dividends without wandering off the map: an active, systematic screen on value, quality and momentum, wrapped around S&P 500-like market participation. Income tilt, core-equity shape.

Stated mandate

DIVE The Fund seeks long-term capital appreciation and income through an actively managed portfolio of approximately 25 to 35 primarily dividend-paying equity securities.

HIDV HIDV is an active U.S. equity ETF seeking core U.S. equity exposure, attractive dividend income, and capital appreciation. Its systematic process is designed to identify dividend opportunities while maintaining diversified, market-like participation.

Why people hold it

• DIVE Real concentration, by design: the prospectus targets roughly 25 to 35 primarily dividend-paying stocks, so a single good pick still moves the needle.
• The mandate is two-sided, long-term capital appreciation plus income, not a yield chase with the growth engine bolted shut.
• The manager can shop outside the US as well as at home, so a dividend payer in Europe or Asia is fair game.
• Simple plumbing: a standard 1940 Act ETF holding stocks. No derivatives overlay, no K-1 at tax time.

• HIDV Charges 0.35%, well under the 0.55% median for active US dividend funds, and undercuts active peers like TDVG (0.50%) and BGIG (0.45%).
• Stock picking is systematic, not vibes: AB advertises value, quality and momentum as the levers. You can see what drives the portfolio.alliancebernstein.com
• Roughly 110 US names measured against the S&P 500, so the income tilt sits inside diversified core exposure rather than a narrow yield corner. Pays quarterly.
• Stacks up as one of the stronger builds among the three dozen-odd active dividend-income ETFs we track.

Worth knowing

• DIVE At 0.65%, the fee sits above the 0.55% median for active dividend funds and well above cheaper rivals like CGDV (0.33%) and HIDV (0.35%).
• A 2025 launch with no multi-year record, and on the measures we track it currently sits in the lower reaches of a crowded peer group.
• Small asset base and thin trading, which usually means wider bid-ask spreads than the category's household names.

• HIDV A smaller, thinly traded fund. Spreads can be wider than the category giants, so limit orders matter more here.
• Launched in 2023, so the live record is short relative to older dividend franchises.
• Fully invested US stock fund with no downside cushion. A dividend tilt is not a shock absorber when the market drops.

Full DIVE profile⁠

Full HIDV profile⁠