ETF Evaluator:
ProShares S&PTech Div Arstcrts ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
ProShares S&PTech Div Arstcrts ETF Overview
ProShares S&PTech Div Arstcrts ETF (TDV) is a passively managed Sector Equity Technology exchange-traded fund (ETF). ProShares launched the ETF in 2019.
The investment seeks investment results, before fees and expenses, that track the performance of the S&P Technology Dividend Aristocrats Index (the "index").
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of U.S.-listed and domiciled technology companies that have consistently increased dividends each year for at least 7 years. It is non-diversified.
About ProShares S&PTech Div Arstcrts ETF (TDV)
There are 2 members of the management team with an average tenure of 6.74 years: Michael Neches (2019) and Devin Sullivan (2019). 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 Tech Div Aristocrats USD index with a weighting of 100%. ProShares S&PTech Div Arstcrts ETF has 40 securities in its portfolio. The top 10 holdings constitute 30.7% 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.
ProShares S&PTech Div Arstcrts ETF is part of the Equity global asset class and is within the Sector Equity ETF group. ProShares S&PTech Div Arstcrts ETF has 4.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.4% There is 4.6% 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). ProShares S&PTech Div Arstcrts ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $268 million in total assets, which is below the $3 billion average for the Technology 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.
TDV 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 ProShares S&PTech Div Arstcrts ETF expense ratio is average compared to funds in the Technology category. ProShares S&PTech Div Arstcrts ETF has an expense ratio of 0.45%, which is 16% lower than its category average, making the fund expense ratio grade a B. 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. ProShares S&PTech Div Arstcrts ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, ProShares S&PTech Div Arstcrts ETF returned -4.7%, which earned it a grade of B, as the Technology category had an average return of -9.8%. 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.
ProShares S&PTech Div Arstcrts ETF has a trailing yield of 1.06%, which is above the 0.45% category average.
The fund normally distributes its income quarterly.
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.
ProShares S&PTech Div Arstcrts ETF Grades
Year to date, the ETF has returned 15.1%, 6.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 20.8% over the past year (grade of D), 14.8% over the past three years (grade of D) and 11.5% per year over the past five years (grade of C).
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TDV 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 |
|
| TDV Return (NAV) | -4.7% | 2.7% | 20.8% | 14.8% | 11.5% | na |
| TDV Return (Price) | -4.8% | 2.8% | 20.8% | 14.8% | 11.5% | na |
| NAV +/- Price Return | 0.130% | -0.082% | -0.070% | 0.037% | 0.010% | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| TDV Grade (NAV) | B | D | D | D | C | na |
| +/- Category (NAV) | 5.2% | -4.6% | -12.8% | -7.6% | 1.0% | na |
| TDV Tax-Cost Ratio | na | na | 0.4% | 0.4% | 0.4% | na |
TDV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TDV Return (NAV) | 15.1% | 15.9% | 9.9% | 27.2% | -15.9% | 28.2% | 29.0% | na | na | na | na |
| TDV Return (Price) | 15.0% | 16.1% | 9.7% | 27.3% | -15.9% | 28.3% | 29.0% | na | na | na | na |
| NAV +/- Price Ret | -0.007% | 0.009% | -0.020% | 0.005% | 0.003% | 0.004% | 0.001% | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| TDV Grade (NAV) | C | D | D | D | A | B | F | na | na | na | na |
| +/- Category | -6.2% | -7.3% | -10.0% | -16.6% | 19.9% | 11.5% | -24.3% | na | na | na | na |
| Risk Measures | |
| Beta: | 1.21 |
| R-Squared: | 89% |
| Standard Deviation: | 16.2% |
| Category Risk Index: | 0.61 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.32 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.1% |
| Total Assets: | $ 268 Mil |
| Share Class Assets: | $ 268 Mil |
| Turnover: | 28.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | Yes |
| Index Tracked: | S&P Composite 1500 (TR) USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.7 years | |||
| Average Tenure: 6.7 years | |||
| Managers (Year): Neches Michael (2019), Sullivan Devin (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 40 |
| % in Top 10 Holdings: | 30.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.6% |
Portfolio Allocation |
|
| Domestic Stock: | 95.4% |
| Foreign Stock: | 4.6% |
| 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: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | November 5, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.54% |
