DIVG vs VIG: Grades, Fees and Holdings Compared

Invesco S&P 500 High Dividend Growers ETF

DIVGBNYSE Arca

Vanguard Dividend Appreciation ETF

VIGANYSE Arca

Overlap

13.9%by weight

Expense ratio

VIG −0.35pt a year

DIVG0.39%VIG0.04%

Avg volume · 30D

VIG 659.0×the volume

DIVG1.59KVIG1.05M

DIVG vs VIG Performance

Nov 7, 2025 – Nov 9, 2026

+25.0%DIVG+17.5%VIG

Expense ratio: DIVG 0.39%; VIG 0.04%, better
Fund size: DIVG $12M; VIG $109B
1Y total return: DIVG +25.0%, better; VIG +17.5%
Yield (12M): DIVG 2.92%, better; VIG 1.46%
Holdings: DIVG 103; VIG 343
Avg volume (30D): DIVG 1.59K sh; VIG 1.05M sh, better
NAV per share: DIVG $38.27; VIG $243.29
52W range

ETF.net Grade

Pillar letters and Scores for DIVG, VIG, with each pillar’s weight
Pillar	DIVG	VIG
Cost30% weight	D36	A100Higher
Mission25% weight	A94Higher	A86
Risk15% weight	B68Higher	B59
Tradability15% weight	D37	B59Higher
Holdings10% weight	A72Higher	C51
Durability5% weight	F23	A90Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. DIVG and VIG 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 ›

VIG ranks 5th and DIVG 26th of 52 funds in the US Dividend Index Category.

Rank 4ADIVBiShares Core Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 73
Rank 25BQDIVGlobal X S&P 500 Quality Dividend ETFScore 59
Rank 26BDIVGInvesco S&P 500 High Dividend Growers ETFScore 58
Rank 27BCSBVictoryShares US Small Cap High Div Volatility Wtd ETFScore 57

Our read on each fund

ETF.net Research

DIVGBInvesco S&P 500 High Dividend Growers ETF

VIGAVanguard Dividend Appreciation ETF

In short

DIVG Most yield funds grab today's biggest payouts. DIVG works the other side of the trade: an S&P 500 screen built around dividend growth, roughly 100 names, and a check every month.

VIG VIG buys dividend growth, not fat yields: about 300 US companies with a record of raising their payouts, tracked for 0.04% a year. Running since 2006 and now north of $100 billion, it is the plain-vanilla anchor of the dividend-screen aisle.

Stated mandate

DIVG DIVG seeks to track the S&P 500 High Dividend Growth Index before fees and expenses.

VIG The fund seeks to track the S&P U.S. Dividend Growers Index, which represents common stocks of companies with a record of increasing dividends over time.

Why people hold it

DIVG The mandate is narrow and literal: track the S&P 500 High Dividend Growth Index. No manager discretion, no drifting into whatever sector is hot this quarter.invesco.com
Distributions land monthly, not quarterly, so income arrives on a twelve-times-a-year rhythm.
Roughly 100 holdings, all drawn from the S&P 500. Familiar large-cap ground, spread wide enough that no single name carries the fund.
Sits in the upper half of a crowded dividend-screen peer group of roughly fifty funds.

VIG At 0.04% a year, the fee is roughly a tenth of the typical dividend-screen fund's 0.39%, and undercuts every other top-graded fund in the group, DGRO and SCHD included.
The screen rewards a record of increasing dividends rather than the biggest current payout, so the basket leans on payout discipline instead of stretched yields.
Live since 2006, over $100 billion in assets and actively traded, which shows up as easy fills rather than wide spreads.
About 300 holdings, cash paid quarterly, and one of the strongest overall implementations in its dividend-screen peer group.

Worth knowing

DIVG The 0.39% fee is the going rate for a dividend screen, but a real step up from the mega-cap dividend-growth funds (VIG, SCHD, DGRO), which charge a fraction of that.
Small and thinly traded, which usually means wider bid-ask spreads than the household-name dividend ETFs.
Launched in December 2023, so the live record is short and the fund has yet to prove it can build a durable asset base.

VIG Growth of payouts, not maximum income, is the mandate. That puts it on a different axis than high-dividend funds such as SPYD.
US stocks only, no bonds and no overseas payers, and sector weights are whatever the index screen spits out.
Portfolio risk and concentration measures land mid-pack for the category: it is fully invested in equities and drops when the market drops.

Full DIVG profile⁠

Full VIG profile⁠

DIVG vs VIG Holdings

How DIVG and VIG differ

Overlap by weight

13.9%

Shared holdings make up 39.0% of DIVG and 21.3% of VIG.

Level by level

Holdings44 in both13.9%
Sector11 Sectors58.4%
Countryby domicile99.0%
Asset classStocks100%

Sector

Sector weights in DIVG and VIG, widest gap first
Sector	Gap	DIVG	VIG
Technology	VIG +17.8 points	9.6%	27.4%
Health Care	VIG +15.0 points	3.7%	18.7%
Utilities	DIVG +14.1 points	16.8%	2.7%
Real Estate	DIVG +12.9 points	12.9%	0.0%
Industrials	VIG +6.6 points	4.2%	10.8%
Energy	DIVG +3.6 points	7.2%	3.6%
Financials	DIVG +3.6 points	24.3%	20.7%
Communication	DIVG +3.3 points	3.3%	0.0%
Materials	VIG +2.2 points	1.0%	3.2%
Consumer Discretionary	DIVG +2.1 points	6.0%	3.9%
Consumer Staples	DIVG +2.0 points	11.1%	9.1%

Country, concentration and asset class

Country by domicile

Country weights in DIVG and VIG, widest gap first
Country	Gap	DIVG	VIG
United States	VIG +1.0 points	99.0%	100.0%
Switzerland	DIVG +0.5 points	0.5%	0.0%
China	DIVG +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

DIVG19.3%
VIG34.5%

Securities held

DIVG102
VIG341

Asset class

DIVG: Stocks
VIG: Stocks

Holdings

Only in DIVG58
In both44
Only in VIG297

Only in DIVG

58 securities, 60.8% of DIVG by weight

VICI Properties Inc2.63%
General Mills Inc2.57%
Altria Group Inc2.16%
Verizon Communications Inc1.86%
Kimco Realty Corp1.75%
Paychex Inc1.73%
Ares Management Corp1.72%
Eversource Energy1.64%
Prudential Financial Inc1.59%
Omnicom Group Inc1.58%
Invitation Homes Inc1.56%
Truist Financial Corp1.53%
AES Corp/The1.49%
ONEOK Inc1.47%
KeyCorp1.46%
Regions Financial Corp1.41%
Camden Property Trust1.41%
Regency Centers Corp1.37%
FirstEnergy Corp1.37%
WEC Energy Group Inc1.33%
Huntington Bancshares Inc/OH1.31%
Essex Property Trust Inc1.24%
Evergy Inc1.21%
Darden Restaurants Inc1.14%
SBA Communications Corp1.11%
Otis Worldwide Corp1.04%
Philip Morris International Inc1.04%
Prologis Inc1.00%
EOG Resources Inc0.97%
Rollins Inc0.95%
Lennar Corp0.93%
Iron Mountain Inc0.93%
Citizens Financial Group Inc0.91%
M&T Bank Corp0.89%
ConocoPhillips0.89%
Packaging Corp of America0.85%
American International Group Inc0.85%
Williams Cos Inc/The0.85%
Cognizant Technology Solutions Corp0.83%
Devon Energy Corp0.76%
Diamondback Energy Inc0.74%
CF Industries Holdings Inc0.65%
Northern Trust Corp0.64%
NXP Semiconductors NV0.62%
Citigroup Inc0.59%
Synchrony Financial0.58%
Tapestry Inc0.56%
Carrier Global Corp0.53%
Garmin Ltd0.51%
Baker Hughes Co0.50%

Only in VIG

297 securities, 78.5% of VIG by weight

Microsoft Corp4.90%
Apple Inc4.89%
Broadcom Inc4.30%
Eli Lilly & Co4.10%
ExxonMobil Holdings Corp2.96%
Johnson & Johnson2.83%
Visa Inc2.53%
Walmart Inc2.05%
Mastercard Inc1.97%
Cisco Systems Inc1.88%
Lam Research Corp1.82%
Costco Wholesale Corp1.79%
Caterpillar Inc1.65%
Merck & Co Inc1.59%
Procter & Gamble Co/The1.50%
Coca-Cola Co/The1.48%
UnitedHealth Group Inc1.46%
Home Depot Inc/The1.26%
KLA Corp1.13%
Oracle Corp1.05%
Linde PLC0.97%
International Business Machines Corp0.92%
QUALCOMM Inc0.87%
Analog Devices Inc0.86%
Gilead Sciences Inc0.82%
Eaton Corp PLC0.74%
McDonald's Corp0.72%
Union Pacific Corp0.72%
Blackrock Inc0.68%
Danaher Corp0.61%
S&P Global Inc0.53%
Chubb Ltd0.51%
Medtronic PLC0.49%
Starbucks Corp0.47%
Lockheed Martin Corp0.46%
Lowe's Cos Inc0.46%
Phillips 660.45%
McKesson Corp0.44%
Stryker Corp0.43%
CME Group Inc0.42%
Emerson Electric Co0.38%
CSX Corp0.38%
Intercontinental Exchange Inc0.38%
General Dynamics Corp0.37%
Elevance Health Inc0.36%
Waste Management Inc0.34%
Motorola Solutions Inc0.33%
Mondelez International Inc0.33%
Cummins Inc0.31%
Ecolab Inc0.31%

Weight gaps

All 44 Holdings in both funds, largest gap first.

Holding weights in DIVG and VIG, widest gap first
Holding	Gap	DIVG	VIG
JPMorgan Chase & CoJPM	VIG +3.28 points	0.61%	3.89%
McCormick & Co Inc/MDMKC	DIVG +1.46 points	1.51%	0.05%
Brown-Forman CorpBF.B	DIVG +1.37 points	1.39%	0.02%
AbbVie IncABBV	VIG +1.16 points	0.89%	2.05%
CMS Energy CorpCMS	DIVG +1.10 points	1.19%	0.09%
Alliant Energy CorpLNT	DIVG +1.10 points	1.17%	0.07%
Public Service Enterprise Group IncPEG	DIVG +1.07 points	1.22%	0.15%
Accenture PLCACN	DIVG +1.04 points	1.54%	0.50%
NiSource IncNI	DIVG +0.98 points	1.06%	0.08%
Xcel Energy IncXEL	DIVG +0.95 points	1.15%	0.20%
Zoetis IncZTS	DIVG +0.94 points	1.07%	0.13%
Ameren CorpAEE	DIVG +0.92 points	1.04%	0.12%
Bank of America CorpBAC	VIG +0.91 points	0.66%	1.57%
American Water Works Co IncAWK	DIVG +0.90 points	1.01%	0.11%
Broadridge Financial Solutions IncBR	DIVG +0.88 points	0.96%	0.08%
Fifth Third BancorpFITB	DIVG +0.88 points	1.08%	0.20%
PepsiCo IncPEP	DIVG +0.87 points	1.64%	0.77%
Principal Financial Group IncPFG	DIVG +0.84 points	0.94%	0.10%
Kroger Co/TheKR	DIVG +0.84 points	0.94%	0.10%
Snap-on IncSNA	DIVG +0.83 points	0.91%	0.08%
PNC Financial Services Group Inc/ThePNC	DIVG +0.77 points	1.15%	0.38%
Atmos Energy CorpATO	DIVG +0.76 points	0.88%	0.12%
Avery Dennison CorpAVY	DIVG +0.74 points	0.80%	0.06%
Cincinnati Financial CorpCINF	DIVG +0.73 points	0.84%	0.11%
Amphenol CorpAPH	VIG +0.72 points	0.20%	0.92%
Illinois Tool Works IncITW	DIVG +0.57 points	0.87%	0.30%
Hartford Insurance Group Inc/TheHIG	DIVG +0.57 points	0.72%	0.15%
Automatic Data Processing IncADP	DIVG +0.53 points	0.98%	0.45%
Texas Instruments IncTXN	VIG +0.49 points	0.64%	1.13%
Marsh & McLennan Cos IncMRSH	DIVG +0.49 points	0.85%	0.36%
NextEra Energy IncNEE	DIVG +0.45 points	1.15%	0.70%
Fastenal CoFAST	DIVG +0.44 points	0.69%	0.25%
Goldman Sachs Group Inc/TheGS	VIG +0.43 points	0.66%	1.09%
State Street CorpSTT	DIVG +0.40 points	0.61%	0.21%
Intuit IncINTU	DIVG +0.38 points	0.71%	0.33%
DR Horton IncDHI	DIVG +0.35 points	0.50%	0.15%
Williams-Sonoma IncWSM	DIVG +0.33 points	0.45%	0.12%
Morgan StanleyMS	VIG +0.28 points	0.71%	0.99%
TE Connectivity PLCTEL	DIVG +0.19 points	0.46%	0.27%
Amgen IncAMGN	VIG +0.18 points	0.83%	1.01%
Travelers Cos Inc/TheTRV	DIVG +0.15 points	0.48%	0.33%
Abbott LaboratoriesABT	DIVG +0.15 points	0.91%	0.76%
Bank of New York Mellon Corp/TheBNY	DIVG +0.12 points	0.55%	0.43%
Sherwin-Williams Co/TheSHW	DIVG +0.04 points	0.37%	0.33%

All 101 DIVG holdings⁠All 333 VIG 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.

DIVG vs VIG Cost

Overpaying DIVG vs VIG

$7,049

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

DIVG 0.39%
$7,898
VIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DIVG 0.39%
VIG 0.04%
Overpaying

Year by year

Year	DIVG	VIG	Overpaying
10	$705	$73	$632
20	$2,725	$288	$2,437
30	$7,898	$849	$7,049

Expense ratio

0.39%DIVG
0.04%VIG, cheaper

VIG0.04%DIVG0.39%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

VIG cheapest of 52 funds

DIVG 32nd cheapest of 52 funds

DIVG vs VIG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DIVG 2.92%, better; VIG 1.46%
Payout (12M): DIVG $1.13; VIG $3.65
Last payment: DIVG $0.09; VIG $0.93
Ex-dividend: DIVG Oct 19, 2026; VIG Sep 28, 2026
Paid on: DIVG Oct 23, 2026; VIG Sep 30, 2026
Frequency: DIVG Monthly; VIG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DIVGMonthly · 33 paymentsAll DIVG payments⁠

VIGQuarterly · 15 paymentsAll VIG payments⁠

DIVG vs VIG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DIVG 12.0%since Jan 2024VIG 10.6%
Return per unit of riskSharpe ratio, 3 years: DIVG 1.01since Jan 2024VIG 1.33
Worst fallMax drawdown, 5 years: DIVG −15.0%since Dec 2023VIG −20.4%
Market sensitivityBeta, 5 years: DIVG 0.41VIG 0.80; Market = 1

DIVG and VIG in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026VIG
New ETFs
Eventide lists two ETFs at 0.75% and 0.95% for strategies it already runs
Oct 30, 2026VIG
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VIG
First-Year Review
EASY's first year trailed the defensive index it names
Sep 30, 2026VIG
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026VIG

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DIVG vs VIG

In short

Stated mandate

Why people hold it