DIVB vs. IUS

Last updated Jun 4, 2026

DIVB (iShares U.S. Dividend and Buyback ETF) and IUS (Invesco RAFI Strategic US ETF) are both Large Cap Blend Equities funds - DIVB tracks the Morningstar US Dividend and Buyback Index while IUS tracks the Invesco Strategic US Index. Both are passively managed. Over the past 5 years, DIVB returned 12.19%/yr vs 13.61%/yr for IUS. Their correlation of 0.88 suggests significant overlap in exposure. DIVB charges 0.25%/yr vs 0.19%/yr for IUS.

Performance

DIVB vs. IUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Dividend and Buyback ETF (DIVB) and Invesco RAFI Strategic US ETF (IUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVB achieves a 17.35% return, which is significantly higher than IUS's 15.71% return.

DIVB

• 1D: -0.56%
• 1M: 8.55%
• YTD: 17.35%
• 6M: 17.71%
• 1Y: 29.81%
• 3Y*: 22.07%
• 5Y*: 12.19%
• 10Y*: —

IUS

• 1D: -0.07%
• 1M: 4.89%
• YTD: 15.71%
• 6M: 15.69%
• 1Y: 33.27%
• 3Y*: 20.93%
• 5Y*: 13.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVB vs. IUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DIVB iShares U.S. Dividend and Buyback ETF	17.35%	15.09%	18.59%	13.27%	-10.51%	31.29%	10.78%	32.72%	-12.80%
IUS Invesco RAFI Strategic US ETF	15.71%	16.94%	16.51%	20.79%	-8.34%	32.17%	15.09%	29.34%	-12.49%

Correlation

The correlation between DIVB and IUS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018	0.88

The correlation between DIVB and IUS has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

DIVB vs. IUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVB

DIVB Risk / Return Rank: 79
DIVB Sharpe Ratio Rank: 80
DIVB Sortino Ratio Rank: 82
DIVB Omega Ratio Rank: 77
DIVB Calmar Ratio Rank: 82
DIVB Martin Ratio Rank: 76

IUS

IUS Risk / Return Rank: 91
IUS Sharpe Ratio Rank: 91
IUS Sortino Ratio Rank: 92
IUS Omega Ratio Rank: 90
IUS Calmar Ratio Rank: 89
IUS Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIVB vs. IUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Dividend and Buyback ETF (DIVB) and Invesco RAFI Strategic US ETF (IUS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DIVB	IUS	Difference
Sharpe ratio Return per unit of total volatility	2.65	3.26	-0.62
Sortino ratio Return per unit of downside risk	3.73	4.53	-0.80
Omega ratio Gain probability vs. loss probability	1.47	1.60	-0.13
Calmar ratio Return relative to maximum drawdown	4.39	5.44	-1.05
Martin ratio Return relative to average drawdown	14.95	23.27	-8.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVB vs. IUS - Sharpe Ratio Comparison

The current DIVB Sharpe Ratio is 2.65, which is comparable to the IUS Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of DIVB and IUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIVB	IUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	3.26	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.91	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.85	-0.09

Drawdowns

DIVB vs. IUS - Drawdown Comparison

The maximum DIVB drawdown since its inception was -36.93%, which is greater than IUS's maximum drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for DIVB and IUS.

Drawdown Indicators

	DIVB	IUS	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-34.67%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-6.15%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-15.61%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.08%	-18.72%	-2.36%
Current Drawdown Current decline from peak	-0.56%	-0.07%	-0.49%
Average Drawdown Average peak-to-trough decline	-4.99%	-3.86%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.43%	+0.57%

Volatility

DIVB vs. IUS - Volatility Comparison

iShares U.S. Dividend and Buyback ETF (DIVB) has a higher volatility of 3.34% compared to Invesco RAFI Strategic US ETF (IUS) at 2.50%. This indicates that DIVB's price experiences larger fluctuations and is considered to be riskier than IUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVB	IUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.50%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	7.41%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	10.26%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	15.00%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	18.04%	+0.34%

DIVB vs. IUS - Expense Ratio Comparison

DIVB has a 0.25% expense ratio, which is higher than IUS's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DIVB vs. IUS - Dividend Comparison

DIVB's dividend yield for the trailing twelve months is around 2.19%, more than IUS's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVB iShares U.S. Dividend and Buyback ETF	2.19%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%
IUS Invesco RAFI Strategic US ETF	1.28%	1.48%	1.52%	1.72%	1.78%	1.46%	1.74%	1.77%	0.73%	0.00%

Frequently Asked Questions

Can I hold both DIVB and IUS in my portfolio?

DIVB and IUS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVB or IUS?

DIVB has higher volatility (3.34%) compared to IUS (2.50%). In terms of maximum drawdown, DIVB dropped -36.93% vs IUS's -34.67%.

Which ETF is better, DIVB or IUS?

On 5-year performance, IUS leads with 13.61% vs 12.19% for DIVB. On fees, IUS is cheaper at 0.19% per year. On volatility, IUS has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVB or IUS?

Over the 5-year period, IUS has performed better with a 13.61% return vs 12.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVB or IUS?

IUS is cheaper with a 0.19% expense ratio, compared with 0.25% for DIVB.

Which ETF pays a higher dividend yield, DIVB or IUS?

DIVB has the higher dividend yield at 2.19%, compared with 1.28% for IUS.

What is the main difference between DIVB and IUS?

DIVB tracks Morningstar US Dividend and Buyback Index, while IUS tracks Invesco Strategic US Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for DIVB and 0.19% for IUS.

Which has better risk-adjusted returns?

IUS currently has the higher Sharpe Ratio (3.26 vs 2.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.