The number of new dividend focused exchange traded funds (
ETFs) seems to have grown rapidly over the past few years. The unfortunate factor associated with these ETFs is nearly all of them have a heavy weighting to the financial sector. In order for these investments to gain positive traction from a performance perspective, improvement in the performance of financials will need to occur.
Below is a table of a few of the dividend focused ETFs along with the sector weightings for each respective ETF. The table also includes the ETF yield and performance for the last 12-months. Additionally, the last two columns of the spreadsheet detail the sector weightings for the S&P 500 Index along with the 12-month return for each sector. The full spreadsheet can be accessed at this link.
The ETFs list in the above table are:
- iShares Dow Jones Select Dividend Index Fund (DVY)
- First Trust Morningstar Dividend Leaders Index Fund (FDL)
- PowerShares High Yield Equity Dividend Achievers Portfolio (PEY)
- PowerShares International Dividend Achievers Portfolio (PID)
- Vanguard High Dividend Yield ETF (VYM)
- SPDR S&P Dividend ETF (SDY)
- WisdomTree Total Dividend Fund (DTD)
- WisdomTree Dividend Top 100 Fund (DTN)
- WisdomTree MidCap Dividend Fund (DON)
- Claymore/Zachs Yield Hog Portfolio (CVY)
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