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Dividend factor ETFs

Since 1926, dividends have contributed nearly a third of total equity return while capital gains have contributed two-thirds. So dividend investing has become very popular. A dividend ETF is a so-called "smart beta" ETF that follows an index that intentionally selects stocks with high dividend yields, and/or weights the stocks it is holding, based on each stock's dividend yield (rather than each stock's market capitalization).

Does dividend investing work?

What is the goal?

Dividend ETFs are not necessarily about outperforming the market. In low interest rate environment, dividend ETFs have soared in popularity partly because investors are looking for any kind of yield. Many dividend ETFs combine dividend strategies with low volatility strategies, under the theory that investors looking for yield also want stable, conservative companies with less volatility.

What factors do you get with a dividend ETF?

It is difficult to use academic research as a tool to analyze dividend yield ETFs because most factor investment academic research does not specifically address dividends as a factor by itself. There is research on low volatility investing, and value investing, but not a lot on dividend investing. The general consensus seems to be that by selecting dividend stocks, you are indirectly selecting value stocks and low volatility stocks.

How well do dividend ETFs perform?

Here's a screen of U.S. equity dividend ETFs:

Name	Symbol	Last price	Currency	AUM	Expense ratio, %	Inception date
Vanguard Div Appreciation ETF	ARCX:VIG	202.30	USD	100,500,000,000	0.06	Apr 21, 2006
Vanguard High Dividend Yield ETF	ARCX:VYM	133.06	USD	72,700,000,000	0.06	Nov 10, 2006
Schwab US Dividend Equity ETF	ARCX:SCHD	28.07	USD	67,995,242,496	0.06	Oct 20, 2011
iShares Core Dividend Growth ETF	ARCX:DGRO	63.47	USD	30,765,669,721	0.08	Jun 12, 2014
SPDR S&P Dividend ETF	ARCX:SDY	133.91	USD	21,732,490,000	0.35	Nov 08, 2005
iShares Select Dividend ETF	XNAS:DVY	135.10	USD	20,571,541,811	0.38	Nov 07, 2003
Schwab Fundamental U.S. Large Company ETF	ARCX:FNDX	24.68	USD	18,139,875,328	0.25	Aug 15, 2013
WisdomTree U.S. Quality Dividend Growth Fund	XNAS:DGRW	83.83	USD	13,438,577,380	0.28	May 22, 2013
ProShares S&P 500 Dividend Aristocrats ETF	BATS:NOBL	101.85	USD	12,780,793,545	0.35	Oct 10, 2013
iShares Core High Dividend ETF	ARCX:HDV	114.44	USD	11,185,854,334	0.08	Mar 31, 2011
First Trust Rising Dividend Achievers ETF	XNAS:RDVY	62.52	USD	11,078,860,360	0.49	Jan 07, 2014
First Trust VL Dividend	ARCX:FVD	44.43	USD	9,412,654,900	0.60	Aug 27, 2003
Capital Group Dividend Value ETF	ARCX:CGDV	36.64	USD	9,346,927,635	0.33	Feb 24, 2022
Vanguard International High Dividend Yield ETF	XNAS:VYMI	70.05	USD	8,400,000,000	0.22	Feb 25, 2016
Invesco FTSE RAFI US 1000 ETF	ARCX:PRF	42.10	USD	7,622,455,500	0.29	Dec 19, 2005
Vanguard International Dividend Appreciation ETF	XNAS:VIGI	82.69	USD	7,600,000,000	0.15	Feb 25, 2016
SPDR Series Trust SPDR Portfolio S&P 500 High Dividend ETF	ARCX:SPYD	44.00	USD	7,148,720,000	0.07	Oct 21, 2015
First Trust SMID Cap Rising Dividend Achievers ETF	XNAS:SDVY	37.80	USD	5,249,313,067	0.60	Nov 03, 2017
Fidelity High Dividend ETF	ARCX:FDVV	51.41	USD	4,184,190,353	0.16	Sep 15, 2016
iShares International Select Dividend ETF	BATS:IDV	28.21	USD	4,160,937,300	0.49	Jun 21, 2007
First Trust Morningstar ETF	ARCX:FDL	41.25	USD	4,024,261,879	0.45	Mar 15, 2006
WisdomTree U.S. LargeCap Dividend Fund	ARCX:DLN	80.35	USD	4,017,620,700	0.28	Jun 16, 2006
FT Vest S&P 500 Dividend Aristocrats Target Income ETF	BATS:KNG	50.93	USD	3,626,763,700	0.75	Mar 27, 2018
Invesco S&P 500 High Dividend Low Volatility ETF	ARCX:SPHD	48.66	USD	3,539,330,830	0.30	Oct 18, 2012
WisdomTree U.S. MidCap Dividend Fund	ARCX:DON	52.66	USD	3,521,515,095	0.38	Jun 16, 2006
Amplify CWP Enhanced Dividend Income ETF	ARCX:DIVO	42.12	USD	3,297,388,500	0.56	Dec 15, 2016
Capital Group Core Equity ETF	ARCX:CGUS	36.30	USD	3,084,066,940	0.33	Feb 24, 2022
WisdomTree Emerging Markets High Dividend Fund	ARCX:DEM	41.39	USD	2,809,116,720	0.63	Jul 13, 2007
WisdomTree International Hedged Quality Dividend Growth Fund	ARCX:IHDG	45.60	USD	2,637,145,350	0.58	May 07, 2014
First Trust NASDAQ Technology Dividend Index Fund	XNAS:TDIV	82.63	USD	2,573,720,765	0.50	Aug 14, 2012
WisdomTree Emerging Market SmallCap Fund	ARCX:DGS	49.20	USD	2,211,832,550	0.58	Oct 30, 2007
iShares iBonds Dec 2025 Term Treasury ETF	XNAS:IBTF	23.37	USD	2,108,049,080	0.07	Feb 28, 2020
iShares iBonds Dec 2029 Term Corporate ETF	ARCX:IBDU	22.85	USD	2,091,150,460	0.10	Sep 19, 2019
BNY Mellon Core Bond ETF	ARCX:BKAG	41.32	USD	1,964,902,500	0.27	Apr 24, 2020
Pacer Global Cash Cows Dividend ETF	BATS:GCOW	34.57	USD	1,926,230,150	0.60	Feb 23, 2016
WisdomTree U.S. SmallCap Dividend Fund	ARCX:DES	34.83	USD	1,919,853,800	0.38	Jun 16, 2006
Invesco Variable Rate Preferred ETF	ARCX:VRP	24.27	USD	1,870,348,500	0.50	May 01, 2014
FlexShares Quality Dividend Index Fund	ARCX:QDF	72.27	USD	1,758,297,776	0.37	Dec 19, 2012
JPMorgan Income ETF	ARCX:JPIE	45.85	USD	1,751,889,600	0.39	Nov 02, 2021
ProShares S&P MidCap 400 Dividend Aristocrats ETF	BATS:REGL	82.69	USD	1,729,522,620	0.40	Feb 05, 2015
Invesco FTSE RAFI Developed Markets ex-U.S. ETF	ARCX:PXF	49.80	USD	1,711,476,000	0.45	Jun 25, 2007
Xtrackers MSCI EAFE High Dividend Yield Equity ETF	ARCX:HDEF	25.16	USD	1,625,251,524	0.09	Aug 18, 2015
iShares iBonds Dec 2024 Term Treasury ETF	XNAS:IBTE	23.87	USD	1,551,594,395	0.07	Mar 03, 2020
iShares iBonds Dec 2026 Term Treasury ETF	XNAS:IBTG	22.85	USD	1,536,755,324	0.07	Feb 28, 2020
Invesco BulletShares 2029 Corporate Bond ETF	XNAS:BSCT	18.30	USD	1,508,033,718	0.10	Sep 12, 2019
Cambria Shareholder Yield ETF	BATS:SYLD	70.79	USD	1,302,258,925	0.59	May 14, 2013
Franklin International Low Volatility High Dividend Index ETF	BATS:LVHI	30.99	USD	1,264,934,538	0.40	Jul 28, 2016
Invesco High Yield Equity Dividend Achievers ETF	XNAS:PEY	21.00	USD	1,255,066,800	0.40	Dec 09, 2004
WisdomTree U.S. Total Dividend Fund	ARCX:DTD	78.35	USD	1,242,587,915	0.28	Jun 16, 2006
ALPS Sector Dividend Dogs ETF	ARCX:SDOG	58.18	USD	1,225,440,544	0.36	Jun 29, 2012
iShares iBonds Dec 2027 Term Treasury ETF	XNAS:IBTH	22.23	USD	1,134,475,372	0.07	Feb 28, 2020
WisdomTree U.S. High Dividend Fund	ARCX:DHS	95.15	USD	1,095,210,350	0.38	Jun 16, 2006
WisdomTree International SmallCap Fund	ARCX:DLS	63.81	USD	964,121,060	0.58	Jun 16, 2006
iShares International Dividend Growth ETF	BATS:IGRO	69.72	USD	928,909,425	0.15	May 19, 2016
Franklin International Core Dividend Tilt Index ETF	ARCX:DIVI	31.44	USD	890,460,000	0.09	Jun 03, 2016
WisdomTree International Quality Dividend Growth Fund	BATS:IQDG	36.19	USD	890,175,600	0.42	Apr 07, 2016
ALPS O'Shares U.S. Small-Cap Quality Dividend ETF	BATS:OUSM	44.50	USD	881,720,783	0.48	Dec 30, 2016
Invesco International Dividend Achievers ETF	XNAS:PID	18.54	USD	852,968,580	0.40	Sep 15, 2005
Invesco Exchange-Traded Fund Trust II Invesco S&P Ultra Dividend Revenue ETF	ARCX:RDIV	49.47	USD	836,953,280	0.39	Sep 30, 2013
ALPS O'Shares U.S. Quality Dividend ETF	BATS:OUSA	54.05	USD	814,201,616	0.48	Jul 14, 2015
VictoryShares US EQ Income Enhanced Volatility Wtd ETF	XNAS:CDC	64.39	USD	813,032,584	0.38	Jul 02, 2014
Schwab International Dividend Equity ETF	ARCX:SCHY	23.69	USD	782,491,200	0.14	Apr 29, 2021
Global X SuperDividend ETF	ARCX:SDIV	20.96	USD	781,400,000	0.58	Jun 08, 2011
ProShares Russell 2000 Dividend Growers ETF	BATS:SMDV	68.21	USD	777,071,360	0.40	Feb 05, 2015
Schwab Long-Term U.S. Treasury ETF	ARCX:SCHQ	31.41	USD	774,700,352	0.03	Oct 11, 2019
Invesco Dividend Achievers ETF	XNAS:PFM	47.47	USD	722,056,400	0.40	Sep 15, 2005
iShares Emerging Markets Dividend Index Fund Exchange Traded Fund	ARCX:DVYE	26.44	USD	692,209,345	0.49	Feb 24, 2012
Global X Super Dividend ETF	ARCX:DIV	18.52	USD	660,750,000	0.45	Mar 11, 2013
T. Rowe Price Dividend Growth ETF	ARCX:TDVG	41.16	USD	652,147,227	0.50	Aug 05, 2020
WisdomTree Global ex-US Quality Dividend Growth Fund	ARCX:DNL	37.49	USD	602,014,420	0.42	Jun 16, 2006
Franklin U.S. Low Volatility High Dividend Index ETF	XNAS:LVHD	38.85	USD	594,281,795	0.27	Dec 29, 2015
iShares Core Dividend ETF	BATS:DIVB	49.35	USD	592,037,475	0.05	Nov 09, 2017
FlexShares International Quality Dividend Index Fund	ARCX:IQDF	24.17	USD	564,281,664	0.47	Apr 16, 2013
Fidelity Dividend ETF for Rising Rates	ARCX:FDRR	52.90	USD	549,273,842	0.16	Sep 15, 2016
First Trust DJ Global Select Dividend	ARCX:FGD	22.78	USD	525,412,445	0.56	Nov 27, 2007
WisdomTree International Equity Fund	ARCX:DWM	54.70	USD	522,859,670	0.48	Jun 16, 2006
SPDR S&P Emerging Markets Dividend ETF	ARCX:EDIV	35.61	USD	520,039,999	0.49	Feb 23, 2011
iShares iBonds Dec 2026 Term Muni Bond ETF	BATS:IBMO	25.49	USD	501,801,008	0.18	Apr 04, 2019
WisdomTree International LargeCap Dividend Fund	ARCX:DOL	51.49	USD	497,468,160	0.48	Jun 16, 2006
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund	ARCX:TLTD	71.31	USD	467,869,988	0.39	Oct 02, 2012
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	ARCX:QDPL	39.76	USD	448,309,611	0.60	Jul 27, 2021
Cambria ETF Trust Cambria Emerging Shareholder Yield ETF	BATS:EYLD	32.03	USD	419,947,823	0.66	Jul 14, 2016
iShares iBonds Dec 2029 Term Treasury ETF	XNAS:IBTJ	21.35	USD	418,193,209	0.07	Feb 28, 2020
SPDR S&P International Dividend ETF	ARCX:DWX	35.38	USD	410,620,000	0.45	Feb 12, 2008
Invesco KBW High Dividend Yield Financial ETF	XNAS:KBWD	14.89	USD	404,836,880	0.35	Dec 02, 2010
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF	ARCX:PDN	32.71	USD	401,758,200	0.49	Sep 27, 2007
FlexShares Quality Dividend Defensive Index Fund	ARCX:QDEF	71.65	USD	378,896,736	0.37	Dec 19, 2012
WisdomTree U.S. SmallCap Quality Dividend Growth Fund	XNAS:DGRS	52.24	USD	378,346,575	0.38	Jul 25, 2013
Invesco S&P International Developed Quality ETF	XNYS:IDHQ	28.83	USD	374,027,650	0.29	Jun 13, 2007
Opus Small Cap Value ETF	BATS:OSCV	37.92	USD	373,174,642	0.80	Jul 18, 2018
AAM Low Duration Preferred and Income Securities ETF	ARCX:PFLD	20.78	USD	362,556,810	0.46	Nov 20, 2019
VictoryShares US Large Cap High Div Volatility Wtd ETF	XNAS:CDL	67.24	USD	336,706,257	0.35	Jul 08, 2015
Invesco Dow Jones Industrial Average Dividend ETF	ARCX:DJD	52.59	USD	330,140,160	0.07	Dec 16, 2015
SPDR SSGA Fixed Income Sector Rotation ETF	ARCX:FISR	25.39	USD	311,920,000	0.50	Apr 02, 2019
WisdomTree International High Dividend Fund	ARCX:DTH	38.77	USD	308,418,040	0.58	Jun 16, 2006
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	BATS:DDLS	34.99	USD	305,044,200	0.48	Apr 26, 2016
VictoryShares US Small Cap High Div Volatility Wtd ETF	XNAS:CSB	61.25	USD	293,234,840	0.35	Jul 29, 2015
ALPS International Sector Dividend Dogs ETF	ARCX:IDOG	29.90	USD	290,125,216	0.50	Jun 27, 2013
WisdomTree Dynamic Currency Hedged International Equity Fund	BATS:DDWM	35.39	USD	283,007,400	0.40	Feb 04, 2016
Harbor ETF Trust Harbor Dividend Growth Leaders ETF	XNYS:GDIV	15.90	USD	281,263,828	0.50	May 23, 2022
ProShares S&P Technology Dividend Aristocrats ETF	BATS:TDV	78.74	USD	261,846,312	0.45	Nov 07, 2019
Invesco India ETF	ARCX:PIN	24.90	USD	260,133,960	0.78	Mar 05, 2008
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund	ARCX:TLTE	51.91	USD	259,841,051	0.57	Oct 02, 2012
Invesco KBW Premium Yield Equity REIT ETF	XNAS:KBWY	17.64	USD	251,954,780	0.35	Dec 02, 2010
WisdomTree Japan SmallCap Fund	ARCX:DFJ	75.02	USD	250,569,600	0.58	Jun 16, 2006
VictoryShares Dividend Accelerator ETF	XNAS:VSDA	52.04	USD	249,727,974	0.35	Apr 18, 2017
Invesco BulletShares 2025 Municipal Bond ETF	XNAS:BSMP	24.57	USD	247,833,824	0.18	Sep 25, 2019
Tidal ETF Trust SP Funds Dow Jones Global Sukuk ETF	ARCX:SPSK	17.72	USD	227,315,340	0.55	Dec 31, 2019
Invesco BulletShares 2026 Municipal Bond ETF	XNAS:BSMQ	23.63	USD	227,116,823	0.18	Sep 25, 2019
Timothy Plan High Dividend Stock ETF	ARCX:TPHD	37.96	USD	224,280,000	0.52	May 01, 2019
SPDR S&P Global Dividend	ARCX:WDIV	62.24	USD	203,590,000	0.40	May 29, 2013
Global X Emerging Markets Bond ETF	ARCX:EMBD	22.66	USD	201,090,000	0.39	Jun 01, 2020
Invesco BulletShares 2027 Municipal Bond ETF	XNAS:BSMR	23.56	USD	189,920,023	0.18	Sep 25, 2019
WisdomTree Europe SmallCap Dividend Fund	ARCX:DFE	57.47	USD	170,319,420	0.58	Jun 16, 2006
Invesco BulletShares 2029 Municipal Bond ETF	XNAS:BSMT	22.87	USD	153,351,023	0.18	Sep 25, 2019
First Trust Dow Jones STOXX Select Dividend 30 Index Fund	ARCX:FDD	11.83	USD	150,615,367	0.59	Aug 30, 2007
INVESCO BULLETSHARES 2024 MU	XNAS:BSMO	24.88	USD	144,373,624	0.18	Sep 25, 2019
Federated Hermes ETF Trust Federated Hermes U.S. Strategic Dividend ETF	ARCX:FDV	27.58	USD	140,556,250	0.50	Nov 16, 2022
WisdomTree Emerging Markets Quality Dividend Growth Fund	XNAS:DGRE	25.25	USD	138,557,900	0.32	Aug 01, 2013
Opal Dividend Income ETF	ARCX:DIVZ	33.70	USD	136,459,498	0.65	Jan 27, 2021
Invesco BulletShares 2028 Municipal Bond ETF	XNAS:BSMS	23.32	USD	136,450,823	0.18	Sep 25, 2019
WisdomTree International MidCap Dividend Fund	ARCX:DIM	62.89	USD	130,362,885	0.58	Jun 16, 2006
Amplify CWP International Enhanced Dividend Income ETF	ARCX:IDVO	31.37	USD	129,191,085	0.66	Sep 08, 2022
Freedom Day Dividend ETF	ARCX:MBOX	34.41	USD	104,946,898	0.39	May 05, 2021
Anfield Universal Fixed Income ETF	BATS:AFIF	9.17	USD	104,308,750	1.09	Oct 02, 2018
WisdomTree Global High Dividend Fund	ARCX:DEW	53.69	USD	103,007,400	0.58	Jun 16, 2006
MarketDesk Focused U.S. Dividend ETF	XNAS:FDIV	27.37	USD	101,153,601	0.35	Aug 13, 2014
Fidelity International High Dividend ETF	ARCX:FIDI	20.26	USD	99,057,417	0.18	Jan 25, 2018
Columbia U.S. Equity Income ETF	ARCX:EQIN	46.18	USD	81,583,712	0.35
Hoya Capital High Dividend Yield ETF	ARCX:RIET	10.09	USD	77,353,600	0.50	Sep 22, 2021
First Trust S&P International Dividend Aristocrats ETF	XNAS:FID	16.31	USD	75,952,032	0.60	Aug 23, 2013
WisdomTree Japan Hedged SmallCap Equity Fund	XNAS:DXJS	34.31	USD	74,141,040	0.58	Jun 28, 2013
RiverFront Dynamic US Dividend Advantage ETF	ARCX:RFDA	57.15	USD	72,945,852	0.52	Sep 28, 2016
ProShares Trust ProShares MSCI EAFE Dividend Growers ETF	BATS:EFAD	37.97	USD	71,276,670	0.50	Aug 21, 2014
Principal Value ETF	XNAS:PY	51.20	USD	69,887,376	0.15	Mar 22, 2016
WisdomTree Europe Quality Dividend Growth Fund	ARCX:EUDG	31.61	USD	66,823,050	0.58	May 07, 2014
Timothy Plan High Dividend Stock Enhanced ETF	ARCX:TPHE	25.87	USD	65,512,585	0.55	Jul 30, 2021
FlexShares International Quality Dividend Dynamic Index Fund	ARCX:IQDY	28.78	USD	65,009,528	0.47	Apr 16, 2013
WBI Power Factor High Dividend ETF	ARCX:WBIY	30.65	USD	64,800,500	0.99	Dec 22, 2016
Invesco S&P SmallCap High Dividend Low Volatility ETF	XNYS:XSHD	14.39	USD	62,208,015	0.30	Dec 01, 2016
AAM S&P 500 High Dividend Value ETF	ARCX:SPDV	34.20	USD	59,463,250	0.29	Nov 29, 2017
Siren DIVCON Leaders Dividend ETF	BATS:LEAD	69.23	USD	56,450,187	0.43	Jan 06, 2016
WisdomTree Mortgage Plus Bond Fund	ARCX:MTGP	43.20	USD	53,164,200	0.45	Dec 06, 2019
First Trust Dorsey Wright Momentum & Dividend ETF	XNAS:DDIV	40.38	USD	52,433,467	0.60	Mar 11, 2014
VanEck Durable High Dividend ETF	BATS:DURA	33.19	USD	50,376,850	0.29	Oct 31, 2018
ClearBridge Dividend Strategy ESG ETF	XNAS:YLDE	52.41	USD	46,897,239	0.47	May 26, 2017
UBS AG ETRACS Alerian Midstream Energy High Dividend Index ETN	ARCX:AMND	53.54	USD	46,174,000	0.75	Jul 23, 2020
iShares Asia / Pacific Dividend 30 Index Fund Exchange Traded Fund	ARCX:DVYA	36.40	USD	41,571,530	0.49	Feb 24, 2012
Principal Spectrum Tax-Advantaged Dividend Active ETF	ARCX:PQDI	19.01	USD	35,348,948	0.60	Jun 17, 2020
First Trust S&P 500 Diversified Dividend Aristocrats ETF	XNAS:KNGZ	33.57	USD	34,947,063	0.50	Jun 26, 2017
Global X MSCI SuperDividend Emerging Markets ETF	ARCX:SDEM	25.09	USD	33,960,000	0.68	Mar 16, 2015
Global X Alternative Income ETF	XNAS:ALTY	11.95	USD	33,740,000	0.50	Jul 13, 2015
Touchstone ETF Trust Touchstone Dividend Select ETF	ARCX:DVND	32.14	USD	33,473,250	0.68	Aug 05, 2022
ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B	ARCX:SMHB	5.34	USD	33,288,000	0.85	Nov 09, 2018
Global X S&P 500 Quality Dividend ETF	ARCX:QDIV	35.45	USD	31,670,000	0.20	Jul 13, 2018
Roundhill Acquirers Deep Value ETF	ARCX:DEEP	34.82	USD	31,390,830	0.80	Sep 23, 2014
SmartETFs Dividend Builder ETF	ARCX:DIVS	29.54	USD	31,219,905	0.65	Apr 01, 2021
Global X Renewable Energy Producers ETF	XNAS:RNRG	8.55	USD	31,030,000	0.65	May 27, 2015
Sound Equity Dividend Income ETF	XNYS:DIVY	26.14	USD	29,734,168	0.45	Jan 04, 2021
ALPS Emerging Sector Dividend Dogs ETF	ARCX:EDOG	21.14	USD	27,250,675	0.60	Mar 27, 2014
First Trust Dividend Strength ETF	XNAS:FTDS	52.52	USD	22,116,698	0.70	Dec 23, 2014
FlexShares International Quality Dividend Defensive Index Fund	ARCX:IQDE	20.60	USD	21,554,521	0.47	Apr 16, 2013
Listed Funds Trust Dividend Performers ETF	BATS:IPDP	20.22	USD	20,878,311	1.52	Mar 07, 2022
First Trust Bloomberg Shareholder Yield ETF	XNAS:SHRY	41.18	USD	19,456,077	0.60	Jun 22, 2017
Amplify Cash Flow Dividend Leaders ETF	XNAS:COWS	30.31	USD	15,730,176	0.39	Sep 13, 2023
Nuveen ESG Dividend ETF	BATS:NUDV	28.77	USD	15,039,125	0.26	Sep 28, 2021
AB Active ETFs, Inc. AB US High Dividend ETF	ARCX:HIDV	74.31	USD	14,674,167	0.45	Mar 28, 2023
ALPS ETF Trust ALPS REIT Dividend Dogs ETF	ARCX:RDOG	37.76	USD	14,275,561	0.35	May 07, 2008
Amplify ETF Trust Amplify Natural Resources Dividend Income ETF	ARCX:NDIV	29.75	USD	14,113,300	0.59	Aug 24, 2022
Western Asset Short Duration Income ETF	XNAS:WINC	24.09	USD	13,238,051	0.29	Feb 08, 2019
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044	ARCX:HDLB	13.59	USD	13,005,900	1.65	Oct 30, 2019
Nuveen Dividend Growth ETF	ARCX:NDVG	33.71	USD	10,764,478	0.65	Aug 05, 2021
Siren DIVCON Dividend Defender ETF	BATS:DFND	43.70	USD	9,545,281	1.63	Jan 20, 2016
Virtus WMC International Dividend ETF	BATS:VWID	27.50	USD	9,395,157	0.49	Oct 12, 2017
Global X MSCI SuperDividend EAFE ETF	XNAS:EFAS	14.41	USD	8,720,000	0.56	Nov 14, 2016
ProShares MSCI Emerging Markets Dividend Growers ETF	BATS:EMDV	42.74	USD	8,173,522	0.60	Jan 27, 2016
Litman Gregory Funds Trust IMGP Berkshire Dividend Growth ETF	ARCX:BDVG	11.82	USD	7,479,000	0.55	Jun 30, 2023
ProShares Russell US Dividend Growers ETF	BATS:TMDV	47.51	USD	7,204,078	0.35	Nov 07, 2019
ProShares MSCI Europe Dividend Growers ETF	BATS:EUDV	48.35	USD	6,563,174	0.55	Sep 11, 2015
ETF Series Solutions U.S. Global Sea to Sky Cargo ETF	ARCX:SEA	12.37	USD	6,552,000	0.60	Jan 20, 2022
USCF ETF Trust USCF Dividend Income Fund	ARCX:UDI	30.00	USD	6,027,310	0.65	Jun 08, 2022
SmartETFs Asia Pacific Dividend Builder ETF	ARCX:ADIV	15.66	USD	3,322,798	0.78	Mar 29, 2021
Matthews International Funds Matthews Asia Dividend Active ETF	ARCX:ADVE	32.06	USD	1,606,600	0.79	Sep 18, 2014
J.P. Morgan Exchange-Traded Fund Trust JPMorgan Dividend Leaders ETF	XNYS:JDIV		USD
BetaShares Legg Mason Equity Income	XASX:EINC		AUD
Columbia International Equity Income ETF	ARCX:INEQ	30.73	USD
ALPS OShares Europe Quality Dividend ETF	BATS:OEUR	29.25	USD
NEOS ETF Trust NEOS Nasdaq-100 Hedged Equity Income ETF	ARCX:NUSI	26.45	USD