DIVL vs IWD
Madison Dividend Value ETF vs iShares Russell 1000 Value ETF
Which is better, DIVL or IWD?
IWD has been ahead.
IWD has a lower expense ratio. IWD led over 1Y, 3Y and the full window. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 41.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVL | IWD |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $61M | $83.2B |
| Dividend Yield | 1.83% | 1.43% |
| Holdings | 40 | 869 |
| YTD Return | +10.65% | +21.07%Best |
| 1Y Return | +12.67% | +27.09%Best |
| 3Y Return (annualized) | +12.06% | +20.91%Best |
| 5Y Return (annualized) | - | +11.56% |
| Volatility (annualized) | 12.0%Best | 12.4% |
| Max Drawdown | -14.1%Best | -15.7% |
| $10,000 over 3.2 years | $13,610 | $17,113Best |
| Top 10 Weight | 41.2% | 29.7%Best |
| Fund Family | Madison Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 14, 2023 | May 22, 2000 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
DIVL vs IWD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
DIVL vs IWD Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year DIVL returned +12.67% while IWD returned +27.09%. Year to date, DIVL is up 10.65% versus a gain of 21.07% for IWD.
Over three years, DIVL compounded at +12.06% per year against +20.91% for IWD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 12.0% for DIVL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.1% for DIVL and -15.7% for IWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVL charges 0.65% per year while IWD charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, DIVL currently yields 1.83% against 1.43% for IWD.
Holdings Overlap
95.5% of DIVL's money is in holdings IWD also owns. 18.1% of IWD's money is in holdings DIVL also owns.
Most of DIVL is already inside IWD. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 37 positions we hold weights for in DIVL and 871 in IWD, against full books of 40 and 869.
What only one of them owns
Our book lists 758 positions for IWD that do not appear in our book for DIVL (80.3% of the fund), and 1 for DIVL that do not appear in IWD (3.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVL | Weight in IWD | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 5.57% | 1.71% | 3.86% |
| XOMExxonmobil Corp. | 5.26% | 1.85% | 3.41% |
| CVXChevron Corp | 5.27% | 1.05% | 4.22% |
| JPMJpmorgan Chase | 2.77% | 2.45% | 0.32% |
| ABBVAbbvie Inc. | 3.80% | 1.16% | 2.64% |
| PGProcter & Gamble Company | 3.38% | 0.92% | 2.46% |
| NEENextera Energy Inc | 3.58% | 0.44% | 3.14% |
| CMEC M E Group Inc. | 3.76% | 0.26% | 3.50% |
| ADIAnalog Devices, Inc. | 3.51% | 0.50% | 3.01% |
| COPConocophillips Common Stock USD 0.01 | 3.56% | 0.43% | 3.13% |
95.5% of DIVL is already inside IWD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVL or IWD?
DIVL has an expense ratio of 0.65% while IWD charges 0.18%. IWD is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, DIVL or IWD?
Over the past year DIVL returned +12.67% vs +27.09% for IWD, so IWD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVL or IWD?
IWD has been the more volatile fund at 12.4% annualized versus 12.0% for DIVL. Worst drawdown: DIVL -14.1% vs IWD -15.7%.
Should I hold both DIVL and IWD?
DIVL and IWD have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVL and IWD?
95.5% of DIVL's money is in holdings IWD also owns. 18.1% of IWD's is in holdings DIVL also owns. They hold 35 positions in common, counted across the 37 positions we hold weights for in DIVL and 871 in IWD.
Which pays a higher dividend, DIVL or IWD?
DIVL yields 1.83% while IWD yields 1.43%, so DIVL currently pays the higher dividend yield.
Is IWD better than DIVL?
IWD has a lower expense ratio. IWD led over 1Y, 3Y and the full window. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.