HIDV vs RFDA

HIDVAAB US High Dividend ETF

RFDACALPS Dynamic US Dividend Advantage ETF

In short

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.

RFDA A 2016-vintage active dividend fund that doesn't screen on yield alone: RFDA ranks US payers on growth, momentum, quality and value at once, then sends income out monthly instead of quarterly.

Stated mandate

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.

RFDA RFDA seeks capital appreciation and dividend income through a disciplined US dividend-growth strategy using quality screens and active factor-driven selection.

Why people hold it

• 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.

• RFDA Four factors drive the picks (growth, momentum, quality, value), so the portfolio isn't just the highest yielders sorted top down.
• Income is paid monthly, a rhythm most equity funds don't offer.
• Charges 0.52% a year, a touch under the median for active US dividend-income funds.
• Live since 2016, giving it a real multi-market track record, and it lands in the upper half of its dividend-income peer group on our review.

Worth knowing

• 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.

• RFDA Small and thinly traded. Limit orders and a glance at the spread matter more here than with a giant index fund.
• Cheaper active dividend options exist: CGDV runs 0.33% and HIDV 0.35%.
• Active selection means results can diverge from the S&P 500 it measures itself against, in either direction.

Full HIDV profile⁠

Full RFDA profile⁠