ETF Evaluator:
iShares Select Dividend ETF (DVY)
Follow This ETF
(as of Aug 12)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
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| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
Risk
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Risk
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ETF Details
iShares Select Dividend ETF Overview
iShares Select Dividend ETF (DVY) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). iShares launched the ETF in 2003.
The investment seeks to track the investment results of the Dow Jones U.S. Select Dividend Index composed of relatively high dividend paying U.S. equities.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index measures the performance of the U.S.'s leading stocks by dividend yield.
About iShares Select Dividend ETF (DVY)
There are 4 members of the management team with an average tenure of 4.48 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P US TMI TR USD index with a weighting of 100% and DJ US Select Dividend TR USD index with a weighting of 100%. iShares Select Dividend ETF has 105 securities in its portfolio. The top 10 holdings constitute 18.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Select Dividend ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares Select Dividend ETF has 1.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.5% There is 1.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Select Dividend ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $23 billion in total assets, which is above the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DVY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Select Dividend ETF expense ratio is below average compared to funds in the Mid-Cap Value category. iShares Select Dividend ETF has an expense ratio of 0.38%, which is 19% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Select Dividend ETF has a portfolio turnover rate of 23%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, iShares Select Dividend ETF returned 3.1%, which earned it a grade of C, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Select Dividend ETF has a trailing yield of 3.26%, which is above the 2.05% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Select Dividend ETF Grades
Year to date, the ETF has returned 16.0%, 0.6 percentage points better than the category, which translates into a grade of C. The fund has returned 23.7% over the past year (grade of C), 15.2% over the past three years (grade of B) and 10.8% per year over the past five years (grade of B) and 10.2% per year over the past 10 years (grade of D).
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DVY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DVY Return (NAV) | 3.1% | 4.6% | 23.7% | 15.2% | 10.8% | 10.2% |
| DVY Return (Price) | 3.1% | 4.5% | 23.7% | 15.2% | 10.8% | 10.2% |
| NAV +/- Price Return | -0.002% | 0.029% | 0.012% | -0.010% | -0.005% | -0.003% |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| DVY Grade (NAV) | C | D | C | B | B | D |
| +/- Category (NAV) | -0.4% | -1.6% | 0.2% | 1.3% | 0.6% | -0.6% |
| DVY Tax-Cost Ratio | na | na | 1.0% | 0.9% | 0.9% | 0.9% |
DVY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DVY Return (NAV) | 16.0% | 11.6% | 16.2% | 1.1% | 1.9% | 31.6% | -4.9% | 22.7% | -6.3% | 15.0% | 21.5% |
| DVY Return (Price) | 16.0% | 11.6% | 16.3% | 1.2% | 1.8% | 31.7% | -4.9% | 22.6% | -6.3% | 14.8% | 21.6% |
| NAV +/- Price Ret | -0.000% | -0.002% | 0.004% | 0.065% | -0.051% | 0.002% | 0.002% | -0.2% | 0.3% | -0.8% | 0.9% |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| DVY Grade (NAV) | C | C | A | F | A | C | D | F | B | C | C |
| +/- Category | 0.6% | 1.2% | 4.0% | -11.8% | 7.6% | 0.0% | -5.5% | -2.9% | 3.7% | -0.5% | 1.2% |
| Risk Measures | |
| Beta: | 0.56 |
| R-Squared: | 32% |
| Standard Deviation: | 12.9% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.05 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 3.3% |
| Total Assets: | $ 23,467 Mil |
| Share Class Assets: | $ 23,467 Mil |
| Turnover: | 23.0% |
| Expense Ratio: | 0.38% |
| Index Fund: | Yes |
| Index Tracked: | S&P US TMI TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 105 |
| % in Top 10 Holdings: | 18.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.3% |
Portfolio Allocation |
|
| Domestic Stock: | 98.5% |
| Foreign Stock: | 1.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | November 3, 2003 |
Expenses and Fees
| Expense Ratio (%): | 0.38% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
