What Is the DVY ETF? A Complete Guide to Returns, Fees, Holdings, and Alternative ETFs
The iShares Select Dividend ETF (DVY) is a high-dividend ETF that tracks the Dow Jones U.S. Select Dividend Index. The key selection criteria are its expense ratio, sector composition, and how its dividend profile differs from dividend ETFs such as SCHD and VYM.
SubscribeWhat Is the iShares Select Dividend ETF?
This is a U.S. high-dividend stock ETF that tracks the Dow Jones U.S. Select Dividend Index. It selects U.S.-listed stocks based on dividend yield and a record of consistent dividend payments, offering a diversified, income-focused portfolio.
It suits long-term investors who value current dividend yield and seek stable cash flow and income.
It is a passively managed (index-tracking) ETF run by BlackRock (iShares).
How Does the iShares Select Dividend ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Dow Jones U.S. Select Dividend |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Reconstituted once a year |
| Dividend Frequency | Quarterly |
| Manager | BlackRock (iShares) |
| Expense Ratio | 0.38% |
It selects U.S.-listed stocks based on dividend yield and the consistency of dividend payments, and allocates weights in a way that is close to a dividend-weighted approach. The structure places more emphasis on current income than on dividend growth, and weightings in traditional dividend sectors tend to be relatively high.
- Stock selection criteria centered on dividend yield
- Broad exposure to traditional high-dividend sectors
iShares Select Dividend ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $23.5B, and the expense ratio is 0.38% per year.
Compared with SCHD and VYM in the same dividend category, it differs in selection criteria and sector composition, so it is wise to compare fees and dividend profile together.
iShares Select Dividend ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeGiven the nature of dividend stocks, it tends to show relatively milder volatility than the broader market, and performance varies with the interest rate environment and sector rotation. It can lag during periods of growth-stock strength, so results differ depending on the time period.
Inflows tend to continue when demand for income is high, and interest in high-dividend assets grows as expectations of rate cuts rise. Conversely, in a rising-rate environment, dividend ETFs as a group can show relative weakness due to competition from bond yields.
iShares Select Dividend ETF Pros and Cons
Stable dividend income and diversification are its strengths, while its focus on current yield over dividend growth and its sector concentration are the drawbacks.
💪 Key Strengths
⚠️ Points to Watch
iShares Select Dividend ETF Alternative ETFs and Related Products
VYM, shown in the table, holds a broad range of high-dividend stocks at a lower fee and is a direct comparison. SCHD is a popular dividend ETF that reflects both dividend growth and quality metrics. To put more weight on dividend growth, you can also consider VIG and DGRO, which focus on companies increasing their dividends, and to concentrate on long-term dividend aristocrats, NOBL.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 SCHD | Schwab US Dividend Equity ETF | $35.12 | -0.5% | $118.8B | 0.06% | 3% | +29.5% |
 VIG | Vanguard Dividend Appreciation FTF | $244.85 | +0.2% | $114.2B | 0.04% | 1.49% | +11.3% |
 VYM | Vanguard High Dividend Yield Indx ETF | $162.87 | +0.3% | $82.6B | 0.04% | 2.26% | +14.4% |
 DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | $45.23 | +0.5% | $49.3B | 0.18% | 0.87% | +14.8% |
 RDVY | First Trust Rising Dividend Achievers ETF | $79.14 | +0.1% | $25.3B | 0.47% | 0.86% | +15.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| MO | Altria Group Inc | 0.04% | $73.49 | -0.2% | $122.7B | 15.5 | 5.9% |
| PFE | Pfizer Inc | 0.04% | $29.80 | +0.0% | $169.9B | 39.5 | 5.78% |
| PRU | Prudential Financial Inc | 0.04% | $115.21 | -0.5% | $39.7B | 10.4 | 4.86% |
 TROW | T. Rowe Price Group Inc | 0.04% | $103.63 | +0.1% | $22.1B | 10.4 | 4.99% |
| HPQ | HP Inc | 0.02% | $33.58 | -1.5% | $30.3B | 12.8 | 3.57% |
| VZ | Verizon Communications Inc | 0.02% | $43.93 | +1.9% | $182.5B | 11.2 | 6.43% |
iShares Select Dividend ETF Investor Checkpoints
These are the points to review before investing in DVY. Although it is an ETF aimed at dividend income, it is wise to check in advance the cumulative fee burden over a long holding period, the concentration in traditional high-dividend sectors, and its emphasis on current yield over dividend growth.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the impact of cumulative costs over a long holding period | Needs review |
| 📊 Sector Composition | Degree of concentration in traditional high-dividend sectors | Concentration present |
| 💰 Dividend Profile | Current yield vs. dividend growth orientation | Yield-focused |
| 💱 Exchange Rate | Impact on returns converted to Korean won | No currency hedge |
Concentration in traditional high-dividend sectors and interest rate sensitivity are the main variables for short-term performance. It may underperform in growth-led markets, and investors holding Korean won also bear the risk of dollar exchange rate fluctuations.
It is a suitable choice for long-term investors who value current dividend income. If you want more dividend growth, compare dividend growth funds such as SCHD, VIG, and DGRO, and if you want broad high-dividend exposure, compare a broad high-dividend ETF such as VYM.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 21, 2026.
Today's 5 AI picks, all free