SDVY vs VIG: Grades, Fees and Holdings Compared

First Trust SMID Cap Rising Dividend Achievers ETF

SDVYCNasdaq

Vanguard Dividend Appreciation ETF

VIGANYSE Arca

Overlap

3.9%by weight

Expense ratio

VIG −0.54pt a year

SDVY0.58%VIG0.04%

Avg volume · 30D

VIG 1.1×the volume

SDVY912KVIG1.02M

5Y return · a year

VIG +1.4pt

SDVY+9.2%VIG+10.6%

SDVY vs VIG Performance

Oct 29, 2021 – Oct 30, 2026

+55.3%SDVY+65.3%VIG

Expense ratio: SDVY 0.58%; VIG 0.04%, better
Fund size: SDVY $11.1B; VIG $128B
1Y total return: SDVY +13.8%; VIG +16.0%, better
Yield (12M): SDVY 1.00%; VIG 1.47%, better
Holdings: SDVY 173; VIG 335
Avg volume (30D): SDVY 912K sh; VIG 1.02M sh, better
NAV per share: SDVY $42.03; VIG $247.72
52W range

ETF.net Grade

Pillar letters and Scores for SDVY, VIG, with each pillar’s weight
Pillar	SDVY	VIG
Cost30% weight	F12	A100Higher
Mission25% weight	A86Higher	A84
Risk15% weight	F14	B62Higher
Tradability15% weight	A87Higher	B59
Holdings10% weight	A84Higher	C52
Durability5% weight	A71	A92Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. SDVY 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 SDVY 32nd of 52 funds in the US Dividend Index Category.

Rank 4ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 74
Rank 32CRDIVInvesco S&P Ultra Dividend Revenue ETFScore 51
Rank 32CSDVYFirst Trust SMID Cap Rising Dividend Achievers ETFScore 51
Rank 35CRDVYFirst Trust Rising Dividend Achievers ETFScore 50

Our read on each fund

ETF.net Research

SDVYCFirst Trust SMID Cap Rising Dividend Achievers ETF

VIGAVanguard Dividend Appreciation ETF

In short

SDVY Most dividend-growth funds fish in blue-chip waters. SDVY takes the same idea down the size scale: a Nasdaq index of small and mid cap US companies with a record of raising their payouts, run by First Trust since 2017.

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

SDVY The Fund seeks to provide returns generally corresponding to the price and yield performance of the Nasdaq US Small Mid Cap Rising Dividend Achievers Index before fees and expenses. It normally invests at least 90% of net assets in securities included in that Index.

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

SDVY Rising-dividend screening applied where it is uncommon. The heavyweights of this category (SCHD, VIG, DGRO) sit in large caps; SDVY runs the screen across US small and mid caps instead.
Rules, not hunches. At least 90% of net assets stay in the Nasdaq US Small Mid Cap Rising Dividend Achievers Index, which selects on dividend growth alongside growth and quality traits.
Spread thin on purpose: roughly 190 holdings, a multi-billion-dollar asset base, and heavy day-to-day trading volume for a small/mid cap strategy. Distributions come quarterly.

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

SDVY Cost is the trade-off: 0.58% a year, above the dividend-screen median, and many times what the large-cap incumbents charge (SCHD 0.06%, VIG 0.04%).
Smaller companies move harder in both directions, and this fund's ride has been rougher than that of large-cap dividend peers.
It screens for dividends that are rising, not dividends that are large, so current income here generally runs below what high-yield-focused funds pay.

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 SDVY profile⁠

Full VIG profile⁠

SDVY vs VIG Holdings

How SDVY and VIG differ

Overlap by weight

3.9%

Shared holdings make up 43.4% of SDVY and 3.9% of VIG.

Level by level

Holdings72 in both3.9%
Sector11 Sectors60.0%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in SDVY and VIG, widest gap first
Sector	More in SDVYMore in VIG	SDVY	VIG
Technology	VIG +17.7 points	9.7%	27.4%
Industrials	SDVY +17.1 points	27.9%	10.8%
Health Care	VIG +15.1 points	3.6%	18.7%
Financials	SDVY +13.3 points	34.0%	20.7%
Consumer Discretionary	SDVY +5.3 points	9.2%	3.9%
Consumer Staples	VIG +4.2 points	4.9%	9.1%
Communication	SDVY +3.1 points	3.1%	0.0%
Utilities	VIG +2.7 points	0.0%	2.7%
Materials	SDVY +1.0 points	4.2%	3.2%
Energy	VIG +0.4 points	3.2%	3.6%
Real Estate	SDVY +0.2 points	0.2%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in SDVY and VIG, widest gap first
Country	More in SDVYMore in VIG	SDVY	VIG
United States	VIG +0.9 points	99.1%	100.0%
India	SDVY +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

SDVY10.3%
VIG34.6%

Securities held

SDVY172
VIG334

Asset class

SDVY: Equity
VIG: Equity

Holdings

Only in SDVY100
In both72
Only in VIG262

Only in SDVY

100 securities, 56.4% of SDVY by weight

Interparfums, Inc.1.03%
VeriSign, Inc.1.01%
Expedia Group, Inc.0.99%
First BanCorp.0.98%
OFG Bancorp0.98%
East West Bancorp, Inc.0.97%
Ralph Lauren Corporation0.94%
PriceSmart, Inc.0.93%
Bank OZK0.92%
Genpact Limited0.89%
M&T Bank Corporation0.89%
MGIC Investment Corporation0.89%
Regions Financial Corporation0.88%
Synchrony Financial0.88%
Clear Secure, Inc. (Class A)0.88%
T. Rowe Price Group, Inc.0.87%
Toll Brothers, Inc.0.87%
Fox Corporation (Class A)0.86%
Acuity Inc.0.84%
The New York Times Company (Class A)0.84%
Interactive Brokers Group, Inc. (Class A)0.84%
NetApp, Inc.0.84%
InterDigital, Inc.0.84%
Weatherford International Plc0.83%
EMCOR Group, Inc.0.81%
Perdoceo Education Corporation0.81%
Voya Financial, Inc.0.80%
The Brink's Company0.80%
Paycom Software, Inc.0.79%
The Gap, Inc.0.79%
Everest Group, Ltd.0.79%
Match Group Inc.0.79%
EnerSys0.78%
Mueller Industries, Inc.0.78%
Woodward, Inc.0.76%
Installed Building Products, Inc.0.72%
ePlus inc.0.71%
Pegasystems Inc.0.71%
Tutor Perini Corporation0.68%
Aecom0.67%
Crane Company0.67%
United States Lime & Minerals, Inc.0.64%
Visteon Corporation0.60%
Turning Point Brands, Inc.0.60%
IDT Corporation (Class B)0.59%
Cactus, Inc. (Class A)0.58%
OneSpaWorld Holdings Limited0.56%
UL Solutions Inc. (Class A)0.55%
SLM Corporation0.54%
TD SYNNEX Corporation0.53%

Only in VIG

262 securities, 96.1% of VIG by weight

Microsoft Corp4.92%
Apple Inc4.91%
Broadcom Inc4.32%
Eli Lilly & Co4.12%
JPMorgan Chase & Co3.91%
ExxonMobil Holdings Corp2.98%
Johnson & Johnson2.84%
Visa Inc2.54%
Walmart Inc2.06%
AbbVie Inc2.06%
Mastercard Inc1.98%
Cisco Systems Inc1.89%
Lam Research Corp1.83%
Costco Wholesale Corp1.80%
Caterpillar Inc1.66%
Merck & Co Inc1.59%
Bank of America Corp1.57%
Procter & Gamble Co/The1.50%
Coca-Cola Co/The1.48%
UnitedHealth Group Inc1.47%
Home Depot Inc/The1.26%
Texas Instruments Inc1.14%
KLA Corp1.13%
Goldman Sachs Group Inc/The1.09%
Oracle Corp1.06%
Amgen Inc1.01%
Morgan Stanley1.00%
Linde PLC0.97%
Amphenol Corp0.92%
International Business Machines Corp0.92%
QUALCOMM Inc0.87%
Analog Devices Inc0.86%
Gilead Sciences Inc0.82%
PepsiCo Inc0.77%
Abbott Laboratories0.76%
Eaton Corp PLC0.74%
McDonald's Corp0.73%
Union Pacific Corp0.72%
NextEra Energy Inc0.70%
Blackrock Inc0.68%
Danaher Corp0.62%
S&P Global Inc0.53%
Chubb Ltd0.51%
Accenture PLC0.50%
Medtronic PLC0.49%
Starbucks Corp0.48%
Lockheed Martin Corp0.46%
Lowe's Cos Inc0.46%
Automatic Data Processing Inc0.46%
Phillips 660.45%

Weight gaps

All 72 Holdings in both funds, largest gap first.

Holding weights in SDVY and VIG, widest gap first
Holding	More in SDVYMore in VIG	SDVY	VIG
The Hanover Insurance Group, Inc.THG	SDVY +1.05 points	1.08%	0.03%
National HealthCare CorporationNHC	SDVY +1.02 points	1.03%	0.01%
Reinsurance Group of America, IncorporatedRGA	SDVY +1.00 points	1.07%	0.07%
Assurant, Inc.AIZ	SDVY +0.96 points	1.02%	0.06%
Williams-Sonoma, Inc.WSM	SDVY +0.95 points	1.07%	0.12%
Veralto CorporationVLTO	SDVY +0.91 points	1.01%	0.10%
Zions Bancorporation, National AssociationZION	SDVY +0.90 points	0.94%	0.04%
Graham Holdings CompanyGHC	SDVY +0.90 points	0.92%	0.02%
Watts Water Technologies, Inc.WTS	SDVY +0.90 points	0.94%	0.04%
SouthState Bank CorporationSSB	SDVY +0.89 points	0.93%	0.04%
Simpson Manufacturing Co., Inc.SSD	SDVY +0.88 points	0.91%	0.03%
Primerica, Inc.PRI	SDVY +0.86 points	0.90%	0.04%
Badger Meter, Inc.BMI	SDVY +0.86 points	0.88%	0.02%
Wintrust Financial CorporationWTFC	SDVY +0.86 points	0.90%	0.04%
Balchem CorporationBCPC	SDVY +0.85 points	0.87%	0.02%
MSA Safety IncorporatedMSA	SDVY +0.84 points	0.87%	0.03%
Dolby Laboratories, Inc.DLB	SDVY +0.83 points	0.85%	0.02%
Cincinnati Financial CorporationCINF	SDVY +0.84 points	0.95%	0.11%
A.O. Smith CorporationAOS	SDVY +0.82 points	0.85%	0.03%
Applied Industrial Technologies, Inc.AIT	SDVY +0.82 points	0.87%	0.05%
Brady CorporationBRC	SDVY +0.80 points	0.82%	0.02%
First American Financial CorporationFAF	SDVY +0.76 points	0.79%	0.03%
Dover CorporationDOV	SDVY +0.77 points	0.88%	0.11%
LeMaitre Vascular, Inc.LMAT	SDVY +0.76 points	0.77%	<0.01%
Old Republic International CorporationORI	SDVY +0.75 points	0.79%	0.04%
Exponent, Inc.EXPO	SDVY +0.76 points	0.77%	0.01%
Ingredion IncorporatedINGR	SDVY +0.75 points	0.78%	0.03%
Mueller Water Products, Inc.MWA	SDVY +0.75 points	0.76%	0.01%
Snap-on IncorporatedSNA	SDVY +0.74 points	0.82%	0.08%
Selective Insurance Group, Inc.SIGI	SDVY +0.74 points	0.76%	0.02%
UMB Financial CorporationUMBF	SDVY +0.68 points	0.72%	0.04%
Home BancShares, Inc.HOMB	SDVY +0.67 points	0.69%	0.02%
Texas Pacific Land CorporationTPL	SDVY +0.67 points	0.75%	0.08%
WD-40 CompanyWDFC	SDVY +0.65 points	0.66%	0.01%
Cboe Global Markets, Inc.CBOE	SDVY +0.62 points	0.75%	0.13%
Donaldson Company, Inc.DCI	SDVY +0.58 points	0.62%	0.04%
Chemed CorporationCHE	SDVY +0.50 points	0.53%	0.03%
SEI Investments CompanySEIC	SDVY +0.49 points	0.54%	0.05%
The Marzetti CompanyMZTI	SDVY +0.48 points	0.49%	<0.01%
Cullen/Frost Bankers, Inc.CFR	SDVY +0.47 points	0.51%	0.04%
American Financial Group, Inc.AFG	SDVY +0.45 points	0.49%	0.04%
West Pharmaceutical Services, Inc.WST	SDVY +0.42 points	0.54%	0.12%
Commerce Bancshares, Inc.CBSH	SDVY +0.42 points	0.45%	0.03%
Carlisle Companies IncorporatedCSL	SDVY +0.41 points	0.47%	0.06%
The Ensign Group, Inc.ENSG	SDVY +0.38 points	0.42%	0.04%
Jack Henry & Associates, Inc.JKHY	SDVY +0.35 points	0.40%	0.05%
W.R. Berkley CorporationWRB	SDVY +0.35 points	0.42%	0.07%
ITT Inc.ITT	SDVY +0.35 points	0.43%	0.08%
Alamo Group Inc.ALG	SDVY +0.33 points	0.34%	<0.01%
Royal Gold, Inc.RGLD	SDVY +0.32 points	0.41%	0.09%
Assured Guaranty Ltd.AGO	SDVY +0.33 points	0.34%	0.01%
Raymond James Financial, Inc.RJF	SDVY +0.31 points	0.43%	0.12%
Advanced Drainage Systems, Inc.WMS	SDVY +0.31 points	0.35%	0.04%
Fifth Third BancorpFITB	SDVY +0.29 points	0.49%	0.20%
BWX Technologies, Inc.BWXT	SDVY +0.27 points	0.33%	0.06%
Graco Inc.GGG	SDVY +0.26 points	0.32%	0.06%
Xylem Inc.XYL	SDVY +0.26 points	0.37%	0.11%
Enterprise Financial Services CorpEFSC	SDVY +0.22 points	0.23%	<0.01%
Otter Tail CorporationOTTR	SDVY +0.21 points	0.23%	0.02%
Tetra Tech, Inc.TTEK	SDVY +0.20 points	0.24%	0.04%
Comfort Systems USA, Inc.FIX	SDVY +0.18 points	0.44%	0.26%
International Bancshares CorporationIBOC	SDVY +0.18 points	0.20%	0.02%
National Fuel Gas CompanyNFG	SDVY +0.18 points	0.21%	0.03%
AptarGroup, Inc.ATR	SDVY +0.18 points	0.21%	0.03%
Prosperity Bancshares, Inc.PB	SDVY +0.17 points	0.21%	0.04%
Oshkosh CorporationOSK	SDVY +0.16 points	0.20%	0.04%
Principal Financial Group, Inc.PFG	SDVY +0.12 points	0.22%	0.10%
Expeditors International of Washington, Inc.EXPD	SDVY +0.12 points	0.23%	0.11%
PPG Industries, Inc.PPG	SDVY +0.11 points	0.21%	0.10%
Huntington Ingalls Industries, Inc.HII	SDVY +0.11 points	0.16%	0.05%
DICK'S Sporting Goods, Inc.DKS	SDVY +0.10 points	0.14%	0.04%
Hubbell IncorporatedHUBB	SDVY +0.09 points	0.20%	0.11%

All 172 SDVY holdings⁠All 338 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.

SDVY vs VIG Cost

Overpaying SDVY vs VIG

$10,604

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

SDVY 0.58%
$11,453
VIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

SDVY 0.58%
VIG 0.04%
Overpaying

Year by year

Year	SDVY	VIG	Overpaying
10	$1,041	$73	$968
20	$3,986	$288	$3,698
30	$11,453	$849	$10,604

Expense ratio

0.58%SDVY
0.04%VIG, cheaper

VIG0.04%SDVY0.58%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

VIG cheapest of 52 funds

SDVY 46th cheapest of 52 funds

SDVY vs VIG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SDVY 1.00%; VIG 1.47%, better
Payout (12M): SDVY $0.42; VIG $3.65
Last payment: SDVY $0.10; VIG $0.93
Ex-dividend: SDVY Sep 24, 2026; VIG Sep 28, 2026
Paid on: SDVY Sep 30, 2026; VIG Sep 30, 2026
Frequency: SDVY Quarterly; VIG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SDVYQuarterly · 36 paymentsAll SDVY payments⁠

VIGQuarterly · 39 paymentsAll VIG payments⁠

SDVY vs VIG Risk

Fall from peak · 5 years

SDVY
VIG

Risk facts

VolatilityStd dev, 3 years: SDVY 18.1%VIG 10.6%, better
Return per unit of riskSharpe ratio, 3 years: SDVY 0.75VIG 1.33, better
Worst fallMax drawdown, 5 years: SDVY −26.1%VIG −20.4%, better
Market sensitivityBeta, 5 years: SDVY 1.02VIG 0.82; Market = 1

SDVY 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
Head-to-Head
SCHD yields twice what VIG does. Over 10 years, VIG still leads.
Oct 22, 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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