ETF Evaluator:
ALPS Dynamic US Dividend Advtg ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
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Risk
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ETF Details
ALPS Dynamic US Dividend Advtg ETF Overview
ALPS Dynamic US Dividend Advtg ETF (RFDA) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). ALPS launched the ETF in 2016.
The investment seeks to provide capital appreciation and dividend income.
The fund invests at least 65% of its net assets in a portfolio of equity securities of publicly traded U.S. companies with the potential for dividend income. Equity securities include common stocks and common or preferred shares of real estate investment trusts. The fund may invest in small-, mid- and large-capitalization companies.
About ALPS Dynamic US Dividend Advtg ETF (RFDA)
There are 2 members of the management team with an average tenure of 0.33 years: Laton Spahr (2026) and Eric Hewitt (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. ALPS Dynamic US Dividend Advtg ETF has 80 securities in its portfolio. The top 10 holdings constitute 26.1% 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.
ALPS Dynamic US Dividend Advtg ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. ALPS Dynamic US Dividend Advtg ETF has 4.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.7% There is 4.3% 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). ALPS Dynamic US Dividend Advtg ETF has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $88 million in total assets, which is below the $5 billion average for the Large 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.
RFDA 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 ALPS Dynamic US Dividend Advtg ETF expense ratio is average compared to funds in the Large Value category. ALPS Dynamic US Dividend Advtg ETF has an expense ratio of 0.52%, which is 39% higher than its category average, making the fund expense ratio grade a D. 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. ALPS Dynamic US Dividend Advtg ETF has a portfolio turnover rate of 1%, which indicates that it holds its assets around / 1.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, ALPS Dynamic US Dividend Advtg ETF returned 2.1%, which earned it a grade of C, as the Large Value category had an average return of 2.4%. 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.
ALPS Dynamic US Dividend Advtg ETF has a trailing yield of 1.77%, which is above the 1.70% category average.
The fund normally distributes its income monthly.
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.
ALPS Dynamic US Dividend Advtg ETF Grades
Year to date, the ETF has returned 14.1%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 24.1% over the past year (grade of C), 17.4% over the past three years (grade of C) and 12.9% per year over the past five years (grade of A) and 13.2% per year over the past 10 years (grade of B).
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RFDA 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 |
|
| RFDA Return (NAV) | 2.1% | 5.5% | 24.1% | 17.4% | 12.9% | 13.2% |
| RFDA Return (Price) | 2.2% | 5.5% | 24.2% | 17.5% | 12.9% | 13.3% |
| NAV +/- Price Return | -0.104% | -0.067% | -0.164% | -0.092% | -0.039% | -0.043% |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| RFDA Grade (NAV) | C | C | C | C | A | B |
| +/- Category (NAV) | -0.3% | -0.4% | -0.0% | 1.2% | 1.6% | 1.1% |
| RFDA Tax-Cost Ratio | na | na | 0.8% | 1.0% | 1.0% | 0.9% |
RFDA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RFDA Return (NAV) | 14.1% | 16.3% | 20.1% | 17.1% | -8.6% | 25.7% | 11.3% | 26.9% | -8.9% | 19.8% | na |
| RFDA Return (Price) | 14.1% | 16.4% | 20.1% | 17.0% | -8.6% | 25.9% | 11.1% | 27.1% | -9.3% | 19.9% | na |
| NAV +/- Price Ret | 0.001% | 0.007% | 0.002% | -0.009% | -0.008% | 0.007% | -0.016% | 1.0% | 4.1% | 0.5% | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| RFDA Grade (NAV) | C | B | A | B | D | D | A | C | D | B | na |
| +/- Category | -0.3% | 1.5% | 4.6% | 4.1% | -2.1% | -0.9% | 5.9% | -0.5% | -2.3% | 2.1% | na |
| Risk Measures | |
| Beta: | 0.86 |
| R-Squared: | 84% |
| Standard Deviation: | 12.2% |
| Category Risk Index: | 1.00 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.99 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.8% |
| Total Assets: | $ 88 Mil |
| Share Class Assets: | $ 88 Mil |
| Turnover: | 1.0% |
| Expense Ratio: | 0.52% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Spahr Laton (2026), Hewitt Eric (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 80 |
| % in Top 10 Holdings: | 26.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.3% |
Portfolio Allocation |
|
| Domestic Stock: | 92.7% |
| Foreign Stock: | 4.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ALPS |
| Phone Number: | 866-759-5679 |
| Website: | www.alpsfunds.com |
| Inception Date: | June 6, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.52% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
