DVY vs. DIVB
DVY (iShares Select Dividend ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, DVY returned 11.06%/yr vs 13.09%/yr for DIVB. Their correlation of 0.86 suggests significant overlap in exposure. DVY charges 0.39%/yr vs 0.05%/yr for DIVB.
Performance
DVY vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, DVY achieves a 16.91% return, which is significantly lower than DIVB's 22.13% return.
DVY
- 1D
- 1.79%
- 1M
- 3.87%
- 6M
- 11.61%
- YTD
- 16.91%
- 1Y
- 25.34%
- 3Y*
- 16.72%
- 5Y*
- 11.06%
- 10Y*
- 10.28%
DIVB
- 1D
- 2.12%
- 1M
- 3.84%
- 6M
- 18.62%
- YTD
- 22.13%
- 1Y
- 30.52%
- 3Y*
- 21.77%
- 5Y*
- 13.09%
- 10Y*
- —
DVY vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 16.91% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 4.59% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between DVY and DIVB is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.86 |
The correlation between DVY and DIVB has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
DVY vs. DIVB — Risk / Return Rank
DVY
DIVB
DVY vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and iShares Core Dividend ETF (DIVB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DVY | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 4.49 | -0.80 |
| Martin ratioReturn relative to average drawdown | 12.99 | 15.05 | -2.07 |
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Drawdowns
DVY vs. DIVB - Drawdown Comparison
The maximum DVY drawdown since its inception was -62.59%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for DVY and DIVB.
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Drawdown Indicators
| DVY | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.59% | -36.93% | -25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -6.82% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -15.45% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -21.08% | +3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -4.94% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.03% | -0.07% |
Volatility
DVY vs. DIVB - Volatility Comparison
The current volatility for iShares Select Dividend ETF (DVY) is 3.88%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.76%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVY | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 4.76% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 9.50% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 12.16% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 15.35% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.35% | -0.35% |
DVY vs. DIVB - Expense Ratio Comparison
DVY has a 0.39% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
DVY vs. DIVB - Dividend Comparison
DVY's dividend yield for the trailing twelve months is around 3.24%, more than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
DVY iShares Select Dividend ETF | 3.24% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
Frequently Asked Questions
DVY and DIVB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.76%) compared to DVY (3.88%). In terms of maximum drawdown, DVY dropped -62.59% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 13.09% vs 11.06% for DVY. On fees, DIVB is cheaper at 0.05% per year. On volatility, DVY has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 13.09% return vs 11.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.39% for DVY.
DVY has the higher dividend yield at 3.24%, compared with 2.17% for DIVB.
DVY is categorized as Large Cap Value Equities, while DIVB is Dividend. DVY tracks Dow Jones U.S. Select Dividend Index, while DIVB tracks Morningstar US Dividend and Buyback Index. Their fees differ too: 0.39% for DVY and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.52 vs 2.28), 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.
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