ETF Evaluator:
Invesco S&P 500 Hi Div Grwrs ETF ()
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(as of Aug 26)
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) |
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ETF Details
Invesco S&P 500 Hi Div Grwrs ETF Overview
Invesco S&P 500 Hi Div Grwrs ETF (DIVG) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Invesco launched the ETF in 2023.
The investment seeks to track the investment results of the S&P 500® High Dividend Growth Index.
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC compiles, maintains and calculates the underlying index, which is designed to measure the performance of a subset of companies within the S&P 500® Index that have the highest forecasted dividend yield growth. The fund is non-diversified.
About Invesco S&P 500 Hi Div Grwrs ETF (DIVG)
There are 3 members of the management team with an average tenure of 2.65 years: Peter Hubbard (2023), Michael Jeanette (2023) and Pratik Doshi (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Composite 1500 TR USD index with a weighting of 100% and S&P 500 High Dividend Growth USD index with a weighting of 100%. Invesco S&P 500 Hi Div Grwrs ETF has 100 securities in its portfolio. The top 10 holdings constitute 20.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco S&P 500 Hi Div Grwrs ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco S&P 500 Hi Div Grwrs ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.7% 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). Invesco S&P 500 Hi Div Grwrs ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below 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.
DIVG 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 Invesco S&P 500 Hi Div Grwrs ETF expense ratio is below average compared to funds in the Mid-Cap Value category. Invesco S&P 500 Hi Div Grwrs ETF has an expense ratio of 0.39%, which is 17% 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. Invesco S&P 500 Hi Div Grwrs ETF has a portfolio turnover rate of 36%, 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, Invesco S&P 500 Hi Div Grwrs ETF returned 4.5%, which earned it a grade of B, 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.
Invesco S&P 500 Hi Div Grwrs ETF has a trailing yield of 2.98%, which is above the 2.05% category average.
The fund normally distributes its income monthly 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.
Invesco S&P 500 Hi Div Grwrs ETF Grades
Year to date, the ETF has returned 17.9%, 2.4 percentage points better than the category, which translates into a grade of B. The fund has returned 23.4% over the past year (grade of C).
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DIVG 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 |
|
| DIVG Return (NAV) | 4.5% | 5.7% | 23.4% | na | na | na |
| DIVG Return (Price) | 4.4% | 5.8% | 22.5% | na | na | na |
| NAV +/- Price Return | 0.092% | -0.135% | 0.900% | na | na | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| DIVG Grade (NAV) | B | C | C | na | na | na |
| +/- Category (NAV) | 1.0% | -0.4% | -0.1% | na | na | na |
| DIVG Tax-Cost Ratio | na | na | 1.3% | na | na | na |
DIVG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DIVG Return (NAV) | 17.9% | 11.1% | 16.6% | na | na | na | na | na | na | na | na |
| DIVG Return (Price) | 17.9% | 11.3% | 16.6% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | 0.018% | -0.000% | na | na | na | na | na | na | na | na |
| 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% |
| DIVG Grade (NAV) | B | C | A | na | na | na | na | na | na | na | na |
| +/- Category | 2.4% | 0.7% | 4.3% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 3.0% |
| Total Assets: | $ 11 Mil |
| Share Class Assets: | $ 11 Mil |
| Turnover: | 36.0% |
| Expense Ratio: | 0.39% |
| Index Fund: | Yes |
| Index Tracked: | S&P Composite 1500 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Hubbard Peter (2023), Jeanette Michael (2023), Doshi Pratik (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 100 |
| % in Top 10 Holdings: | 20.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 99.2% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | December 6, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
