DVY ETF guide. Yield, dividends and holdings in one place.
DVY tracks the Dow Jones U.S. Select Dividend Index and holds about 100 U.S. companies chosen for a relatively high dividend yield. See what it costs to hold each year, what it pays, what sits inside and how it has returned.
One ticker.
What DVY is, in plain words.
DVY tracks the Dow Jones U.S. Select Dividend Index and holds about 100 U.S. companies chosen for a relatively high dividend yield. The fund is managed by iShares, trades on Nasdaq in U.S. dollars and launched on Nov 3, 2003. On Nov 10, 2026 it held $23.68B in net assets and its expense ratio was 0.38%. DVY is a long running U.S. dividend fund built for a higher yield.
Investors search for DVY ETF because they want a clear answer to four practical questions. What does it cost to hold each year, what does it pay, what is actually inside, and how does it fit in a Roth IRA, a traditional IRA or 401(k), or a taxable account. This guide answers each one with dated figures from the issuer, and marks anything the issuer page does not publish as Not captured.
Key takeaways
- What it is. DVY tracks the Dow Jones U.S. Select Dividend Index and holds about 100 U.S. companies chosen for a relatively high dividend yield.
- Cost. Expense ratio 0.38%, about $38 a year on $10,000.
- Income. Trailing yield 3.51%, paid quarterly.
- Risk. Stock funds can fall sharply in a weak year.
It suits you if
- You want regular dividend income from large U.S. companies.
- You prefer dividend record and quality over the highest yield.
- You are comfortable with a list of about 100 stocks.
Look elsewhere if
- You want exposure to the whole U.S. market.
- You want a larger technology share.
- You need the highest possible yield today.
What DVY holds.
The 10 largest stock positions inside DVY, as of Nov 9, 2026. Pick a number to see how much of the fund they make up.
The ten largest holdings and the sector split are shown below from the issuer page. A dividend screen changes the mix compared with the broad market, with more weight in consumer staples, health care, energy and financials and less in technology.
DVY yield and distributions.
DVY pays distributions as a quarterly payer according to the issuer. The yield shown on the issuer page was 3.51% dated Sep 30, 2026. The distribution log with exact dates and amounts was Not captured for this fund, so use the issuer page for payment dates.
A yield is a snapshot, not a promise. The payment moves with the dividends and interest the fund receives, and some years include capital gains or return of capital that do not repeat.
Every payment, and the year by year record.
The payment log and annual tax breakdown were Not captured for this fund, because the issuer data we use publishes them only as a downloadable file. The issuer page lists every payment date and amount.
What DVY costs to hold each year.
The expense ratio of 0.38% means the fund keeps about $38 a year for every $10,000 you hold. That cost is taken out of the fund price in small daily amounts, so you never see a bill, but it lowers your return every year. Over ten years on a flat $10,000 the expense ratio adds up to roughly $380, before any growth.
Two other costs sit outside the expense ratio. Trading commissions depend on your brokerage, and most large U.S. brokerages now charge nothing to buy ETFs. The bid and ask spread is a small cost you pay each time you trade, and for the largest funds it is usually tiny.
Expense ratio cost at common amounts
| Amount held | Per month | Per year | Over 10 years, flat | Hypothetical 2.00% fund, per year |
|---|---|---|---|---|
| $1,000 | $0.32 | $3.80 | $38 | $20 |
| $5,000 | $1.58 | $19.00 | $190 | $100 |
| $10,000 | $3.17 | $38.00 | $380 | $200 |
| $25,000 | $7.92 | $95.00 | $950 | $500 |
| $50,000 | $15.83 | $190.00 | $1,900 | $1,000 |
| $100,000 | $31.67 | $380.00 | $3,800 | $2,000 |
| $250,000 | $79.17 | $950.00 | $9,500 | $5,000 |
Flat estimates at the current expense ratio with no growth and no change in fee. Trading commissions depend on your brokerage and are not included. The 2.00% fund is a hypothetical used for scale.
Where the cost shows up
- Not as a bill. The share price and returns are already lower by the expense ratio.
- Trading cost shows up as the bid and ask spread each time you buy or sell, and as a commission if your broker charges one.
- In a taxable account, dividends are reported on Form 1099-DIV and taxed in the year they are paid.
Expense ratio cost calculator
Flat estimate at an expense ratio of 0.38% with no growth and no change in fee. It shows scale only, not a forecast.
How DVY has returned.
Calendar year returns were Not captured from the issuer page for this fund, so this guide shows the period returns the issuer publishes. Returns include fees. Past performance does not guarantee future results, and a single period tells you little about the next one.
Annualised NAV returns from the issuer, as of Sep 30, 2026. They include fees.
Past performance does not guarantee future results. Gaps are shown as Not captured because the issuer page did not publish that period.
DVY fund facts in one place.
Every figure comes from the issuer for the date shown. A line reads Not captured when it is not published on the pages we use.
Where the companies are.
Country exposure as published by the issuer.
Sector exposure
What the ride can look like.
DVY can lose value, and the calendar year record shows the range so far.
- Market risk. The fund falls when U.S. stocks fall.
- Dividend cuts. A company that cuts its dividend lowers the payout and often its share price.
- Sector concentration. The screen can tilt the fund toward a few sectors.
- Style risk. Dividend stocks can lag the broad market when growth stocks lead.
- Distribution risk. Payments change each period and are not guaranteed.
How investors use DVY.
DVY is used as the income leg of a stock portfolio, often next to a broad market fund. The screen concentrates the fund in firms with a long dividend record, so you give up some breadth for steadier cash. That is a trade, not a free gain, because dividend stocks can lag when growth leads the market.
Compare the yield with the total return over the same period, since a fund can pay a good yield and still trail the market.
Before buying DVY, check four things on the issuer page. First, confirm the expense ratio matches the figure on this page, since fees can change when an issuer cuts costs. Second, confirm the fund is eligible for the account you plan to use. Third, read the latest tax breakdown if you hold it in a taxable account. Fourth, look at the bid and ask spread on the day you trade, since a wide spread is a cost that the expense ratio does not show.
Several comparable funds exist, with expense ratios of SCHD at 0.06%, SPYD at 0.07%, so weigh cost together with what each fund holds, how it pays and the account you use.
No single fund is right for everyone, and this guide describes the product rather than recommending it. The figures come from the issuer and are dated. Distribution amounts, yields and holdings change, and past returns do not predict future returns. For a decision with large amounts of money, read the prospectus and the shareholder reports, and consider speaking with a licensed adviser about your own situation.
DVY against similar funds.
The same fund type from other issuers. Open a comparison for holdings overlap and returns.
| Fund | Issuer | Expense ratio | Net assets | Trailing yield |
|---|---|---|---|---|
| DVY (this fund) | iShares | 0.38% | $23.68B | 3.51% |
| SCHD | Schwab | 0.06% | $119.9B | 3.24% |
| SPYD | State Street | 0.07% | $7.79B | 4.12% |
DVY is part of the High-Yield Dividend ETFs category on this site, grouped here with SCHD, SPYD. Each comparison page lines up two funds on cost, holdings overlap, yield and returns, so you can see what separates them.
Where DVY fits.
Qualified withdrawals from a Roth IRA are tax free, so dividends and gains compound without a yearly tax bill and the expense ratio is the main drag you carry. DVY is an ordinary exchange traded fund, so most brokerages let you hold it in a Roth IRA.
Tax is deferred until you withdraw, and withdrawals are taxed as ordinary income. A 401(k) offers only the funds on its menu, so check whether DVY or a similar fund is in your plan.
Most of the distribution is dividends from U.S. companies. Dividends that meet the holding rules are taxed as qualified dividends at lower long term rates in a taxable account, and the rest is taxed as ordinary income. Your broker reports the amounts on Form 1099-DIV after year end, and those figures are what count on your return. ETFs also tend to pass out few capital gains because of how shares are created and redeemed.
General education, not tax advice. Rules change, so confirm with the issuer tax documents or an adviser.
Buying DVY in five steps.
- Pick the account. Roth IRA, traditional IRA, 401(k) or taxable. Most brokerages let IRAs hold ETFs like this one.
- Search the ticker. Type DVY in your brokerage and choose the U.S. listing, priced in U.S. dollars.
- Use a limit order. It sets the most you will pay and avoids surprises at the open.
- Check the cost. Most large U.S. brokerages charge no commission on ETFs, and some charge a small fee per trade.
- Set a routine. Add money on a schedule and decide whether to reinvest distributions.
Terms used on this page.
Where to go next from DVY.
Every DVY link in one place. Start with the category, then the head to head comparisons, then the guides for other funds and the tools.
CategoryHigh-Yield Dividend ETFsEvery fund in this category, with a comparison page for every pair.Open the category →DVY comparison pages 5
Guides for similar funds
More U.S. fund guides
Calculators for DVY investors
Other ETF categories
Guides and research
Common questions about DVY.
What is DVY?
DVY tracks the Dow Jones U.S. Select Dividend Index and holds about 100 U.S. companies chosen for a relatively high dividend yield. It is managed by iShares, trades on Nasdaq in U.S. dollars and launched on Nov 3, 2003.
What is the expense ratio of DVY?
The expense ratio of DVY on the issuer page is 0.38%, or about $38 a year per $10,000 invested.
What is the DVY dividend yield?
The issuer page showed a trailing yield of 3.51% on Sep 30, 2026 for DVY. Yields change, so check the issuer page for the current figure.
How often does DVY pay a dividend?
DVY pays distributions as a quarterly payer. The payment log was Not captured for this fund.
What does DVY hold?
DVY holds 98 positions. Its largest positions are Pfizer, Altria Group Inc., Prudential Financial Inc..
Can I hold DVY in a Roth IRA or 401(k)?
Yes for IRAs. DVY is an ordinary exchange traded fund, so most brokerages let you hold it in a Roth IRA or a traditional IRA. Whether it is available in a 401(k) depends on the funds your plan offers.
How has DVY performed?
The issuer period returns are shown in the returns section. Returns include fees, and past performance does not guarantee future results.
DVY or HDV, what is the difference?
The two funds do a similar job and differ in cost, issuer and holdings. DVY has an expense ratio of 0.38% and HDV has an expense ratio of 0.08%. Open the DVY vs HDV comparison for holdings overlap, yield and returns side by side.
How is DVY taxed in a taxable account?
Dividends are reported on Form 1099-DIV. Qualified dividends are taxed at long term rates and the rest as ordinary income. The split changes by year, so use the figures your broker reports.
Source, iShares fund page. All figures are dated as shown. This guide is for education and is not personal advice or an offer to sell.