iShares Select Dividend ETF(DVY)
AI Look-Through Summary
AI GeneratedThe iShares Select Dividend ETF maintains a substantial asset base of $22.3 billion, reflecting significant investor interest in its dividend-focused strategy. Sector allocation reveals a pronounced tilt toward Utilities at 21.6%, followed by Financial Services at 16.9% and Consumer Defensive stocks comprising over 10%. This distribution suggests the fund prioritizes established industries with historical stability rather than high-growth sectors, as evidenced by the relatively modest exposure to Technology despite holding STX as its largest single position. The presence of major names like Ford in Consumer Cyclical and Pfizer or Verizon across Healthcare and Communication Services indicates a broad but weighted approach that balances yield generation with moderate diversification across traditional income generators.
Concentration risk is managed through a diversified top ten holdings list where no single asset exceeds 3.6%, though the aggregate weight of these leaders remains material to overall performance characteristics. The inclusion of Basic Materials via Newmont and Energy exposure alongside defensive sectors creates a hybrid profile that may respond differently to macroeconomic shifts compared to pure-play dividend funds. While Utilities dominate the portfolio, the spread into Financials and Cyclical consumer goods introduces volatility drivers distinct from purely utility-heavy benchmarks. Quantitative metrics derived from this structure imply a strategy designed for income stability rather than capital appreciation speed, with sector weights heavily skewed toward defensive utilities that often exhibit lower beta characteristics during market downturns but may lag in aggressive growth environments.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-24 14:04:34.594608+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 85/100The iShares Select Dividend ETF maintains a strong thematic alignment with its stated objective of targeting high-dividend-paying equities, as evidenced by the sector composition dominated by utilities and financial services. These sectors are historically known for stable cash flows and consistent dividend distributions, which directly supports the fund's core investment strategy without requiring broad speculation on unrelated industries. The inclusion of mega-cap technology firms like STX alongside traditional staples such as MO and EIX suggests a deliberate approach to balancing growth potential with income generation rather than relying solely on large-cap names to mask thematic drift. While some holdings span diverse sectors, they collectively represent businesses with established track records in returning capital to shareholders, reinforcing the fund's identity within the dividend space.
Concentration risk appears moderate given that the top ten positions account for just over 21% of assets, indicating a diversified portfolio rather than an overly concentrated bet on specific stocks or industries. The sector weights show coherent differentiation from broad market indices, with utilities and financial services comprising nearly 38% of the total allocation compared to their typically lower representation in standard large-cap benchmarks. This structural tilt toward income-generating sectors distinguishes the fund's risk profile from general equity exposure while maintaining sufficient breadth across ten different industries to mitigate single-sector volatility. The distribution of holdings across multiple sub-sectors further suggests that the fund successfully balances thematic focus with portfolio stability, offering a distinct alternative for investors seeking dividend-oriented strategies without excessive reliance on any single market segment.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 03:56:50.747571+00
🏢 Sector Analysis
AI GeneratedThe iShares Select Dividend ETF exhibits a sector profile heavily weighted toward traditional income generators, with Utilities and Financial Services comprising nearly 39% of the total portfolio. This pronounced exposure to sectors historically associated with high dividend yields suggests an investment thesis prioritizing current cash flow distribution over capital appreciation or growth potential. The inclusion of Consumer Defensive stocks further reinforces this defensive positioning, while the relatively modest allocation to Technology and Communication Services indicates a deliberate avoidance of volatile, lower-yield equities that typically characterize broader market indices.
Concentration risk is notably elevated within specific sub-sectors rather than being spread evenly across the entire economy. Utilities alone account for over 21% of assets, creating significant sensitivity to interest rate fluctuations and regulatory changes unique to that industry. Similarly, Financial Services holds a substantial portion, adding exposure to credit cycles but also limiting diversification benefits from other economic drivers. The top ten holdings represent only about 21% of the fund, yet these positions are concentrated in large-cap entities within utility and financial sectors, meaning performance will be disproportionately influenced by a small number of companies rather than a broad basket of dividend payers across all industries.
Factor tilts evident from this allocation point toward value characteristics with an emphasis on yield stability rather than momentum or innovation growth. The scarcity of holdings in Industrials and the underweighting of Technology relative to sector averages highlight a strategy that favors established, mature businesses over emerging market leaders. While the presence of major technology firms like STX provides some exposure to innovative sectors, their small weightings prevent this from shifting the fund's overall factor profile toward growth. Ultimately, the structure reflects a specialized approach designed for investors seeking consistent income streams, accepting higher idiosyncratic risk in specific utility and financial names in exchange for yield stability.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 13:05:58.569507+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share DVY's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of DVY's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPTMSPTM | $12B | — | 95 | 96.9% |
| VYMVanguard High Dividend Yield Index Fund ETF Shares | $90B | — | 92 | 93.8% |
| ONEOONEO | $25M | — | 84 | 89.8% |
| SPYState Street SPDR S&P 500 ETF Trust | $640B | 0.09% | 67 | 82.0% |
| SPLGSPLG | $97B | — | 67 | 82.0% |
97% of DVY's portfolio by weight is also held by SPTM. When SPTM receives inflows, it mechanically buys these shared stocks — dragging DVY's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofDVY's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 88% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside DVY collectively pay out 137% of their Free Cash Flow to maintain the current yield. Warning: constituent companies are paying out nearly all cash flow. A wave of dividend cuts may be imminent if earnings decline. Based on 63% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryDVY is up 21.0% over the last 12 months. The underlying weighted earnings growth of its constituents is +19.2%. Price performance is closely aligned with fundamental earnings growth — valuations are roughly unchanged.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 94% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of DVY's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of DVY's analyzed weight, 37% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 63% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 77% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
DVY has a Passive Crowding Score of 49/100. On average, 14.7% of the market capitalization of DVY's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 18 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | STX | Seagate Technology Holdings PL Technology | 3.57% | 83.3x | 7/9 |
| 2 | F | Ford Motor Co Consumer Cyclical | 2.64% | — | 2/9 |
| 3 | MO | Altria Group Inc Consumer Defensive | 2.33% | 14.5x | 6/9 |
| 4 | EIX | Edison International Utilities | 2.03% | 7.6x | 6/9 |
| 5 | PFE | Pfizer Inc Healthcare | 1.89% | 20.0x | 5/9 |
| 6 | VZ | Verizon Communications Inc Communication Services | 1.87% | 11.7x | 5/9 |
| 7 | KEY | KeyCorp Financial Services | 1.82% | 13.1x | 7/9 |
| 8 | ADM | Archer-Daniels-Midland Co Consumer Defensive | 1.77% | 35.6x | 4/9 |
| 9 | NEM | Newmont Corp Basic Materials | 1.60% | 14.2x | 9/9 |
| 10 | ES | Eversource Energy Utilities | 1.58% | 14.6x | 7/9 |
| 11 | RF | Regions Financial Corp Financial Services | 1.57% | 11.6x | 7/9 |
| 12 | USB | US Bancorp Financial Services | 1.55% | 11.5x | 6/9 |
| 13 | CFG | Citizens Financial Group Inc Financial Services | 1.54% | 14.8x | 6/9 |
| 14 | TFC | Truist Financial Corp Financial Services | 1.54% | 11.9x | 6/9 |
| 15 | BG | Bunge Global SA Consumer Defensive | 1.53% | 32.4x | 3/9 |
Historical Holdings Snapshots
Browse how DVY’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 28.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | STX | 3.57% | 1,922,431 | $783.8M |
| 2 | F | 2.64% | 41,714,665 | $579.0M |
| 3 | MO | 2.33% | 8,247,382 | $511.3M |
| 4 | EIX | 2.03% | 7,157,464 | $445.8M |
| 5 | PFE | 1.89% | 15,696,964 | $415.0M |
| 6 | VZ | 1.87% | 9,210,739 | $410.1M |
| 7 | KEY | 1.82% | 18,545,951 | $399.1M |
| 8 | ADM | 1.77% | 5,754,669 | $387.3M |
| 9 | NEM | 1.60% | 3,132,255 | $351.9M |
| 10 | ES | 1.58% | 5,030,299 | $347.7M |
| 11 | RF | 1.57% | 12,050,165 | $343.4M |
| 12 | USB | 1.55% | 6,077,402 | $341.0M |
| 13 | CFG | 1.54% | 5,377,749 | $338.7M |
| 14 | TFC | 1.54% | 6,579,296 | $338.3M |
| 15 | BG | 1.53% | 2,940,470 | $334.9M |
2026-05-23
15 holdings · 28.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | STX | 3.57% | 1,922,431 | $783.8M |
| 2 | F | 2.64% | 41,714,665 | $579.0M |
| 3 | MO | 2.33% | 8,247,382 | $511.3M |
| 4 | EIX | 2.03% | 7,157,464 | $445.8M |
| 5 | PFE | 1.89% | 15,696,964 | $415.0M |
| 6 | VZ | 1.87% | 9,210,739 | $410.1M |
| 7 | KEY | 1.82% | 18,545,951 | $399.1M |
| 8 | ADM | 1.77% | 5,754,669 | $387.3M |
| 9 | NEM | 1.60% | 3,132,255 | $351.9M |
| 10 | ES | 1.58% | 5,030,299 | $347.7M |
| 11 | RF | 1.57% | 12,050,165 | $343.4M |
| 12 | USB | 1.55% | 6,077,402 | $341.0M |
| 13 | CFG | 1.54% | 5,377,749 | $338.7M |
| 14 | TFC | 1.54% | 6,579,296 | $338.3M |
| 15 | BG | 1.53% | 2,940,470 | $334.9M |
2026-05-22
15 holdings · 28.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | STX | 3.57% | 1,922,431 | $783.8M |
| 2 | F | 2.64% | 41,714,665 | $579.0M |
| 3 | MO | 2.33% | 8,247,382 | $511.3M |
| 4 | EIX | 2.03% | 7,157,464 | $445.8M |
| 5 | PFE | 1.89% | 15,696,964 | $415.0M |
| 6 | VZ | 1.87% | 9,210,739 | $410.1M |
| 7 | KEY | 1.82% | 18,545,951 | $399.1M |
| 8 | ADM | 1.77% | 5,754,669 | $387.3M |
| 9 | NEM | 1.60% | 3,132,255 | $351.9M |
| 10 | ES | 1.58% | 5,030,299 | $347.7M |
| 11 | RF | 1.57% | 12,050,165 | $343.4M |
| 12 | USB | 1.55% | 6,077,402 | $341.0M |
| 13 | CFG | 1.54% | 5,377,749 | $338.7M |
| 14 | TFC | 1.54% | 6,579,296 | $338.3M |
| 15 | BG | 1.53% | 2,940,470 | $334.9M |
2026-05-21
15 holdings · 28.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | STX | 3.57% | 1,922,431 | $783.8M |
| 2 | F | 2.64% | 41,714,665 | $579.0M |
| 3 | MO | 2.33% | 8,247,382 | $511.3M |
| 4 | EIX | 2.03% | 7,157,464 | $445.8M |
| 5 | PFE | 1.89% | 15,696,964 | $415.0M |
| 6 | VZ | 1.87% | 9,210,739 | $410.1M |
| 7 | KEY | 1.82% | 18,545,951 | $399.1M |
| 8 | ADM | 1.77% | 5,754,669 | $387.3M |
| 9 | NEM | 1.60% | 3,132,255 | $351.9M |
| 10 | ES | 1.58% | 5,030,299 | $347.7M |
| 11 | RF | 1.57% | 12,050,165 | $343.4M |
| 12 | USB | 1.55% | 6,077,402 | $341.0M |
| 13 | CFG | 1.54% | 5,377,749 | $338.7M |
| 14 | TFC | 1.54% | 6,579,296 | $338.3M |
| 15 | BG | 1.53% | 2,940,470 | $334.9M |
2026-05-20
15 holdings · 28.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | STX | 3.57% | 1,922,431 | $783.8M |
| 2 | F | 2.64% | 41,714,665 | $579.0M |
| 3 | MO | 2.33% | 8,247,382 | $511.3M |
| 4 | EIX | 2.03% | 7,157,464 | $445.8M |
| 5 | PFE | 1.89% | 15,696,964 | $415.0M |
| 6 | VZ | 1.87% | 9,210,739 | $410.1M |
| 7 | KEY | 1.82% | 18,545,951 | $399.1M |
| 8 | ADM | 1.77% | 5,754,669 | $387.3M |
| 9 | NEM | 1.60% | 3,132,255 | $351.9M |
| 10 | ES | 1.58% | 5,030,299 | $347.7M |
| 11 | RF | 1.57% | 12,050,165 | $343.4M |
| 12 | USB | 1.55% | 6,077,402 | $341.0M |
| 13 | CFG | 1.54% | 5,377,749 | $338.7M |
| 14 | TFC | 1.54% | 6,579,296 | $338.3M |
| 15 | BG | 1.53% | 2,940,470 | $334.9M |
2026-05-19
15 holdings · 28.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | STX | 3.57% | 1,922,431 | $783.8M |
| 2 | F | 2.64% | 41,714,665 | $579.0M |
| 3 | MO | 2.33% | 8,247,382 | $511.3M |
| 4 | EIX | 2.03% | 7,157,464 | $445.8M |
| 5 | PFE | 1.89% | 15,696,964 | $415.0M |
| 6 | VZ | 1.87% | 9,210,739 | $410.1M |
| 7 | KEY | 1.82% | 18,545,951 | $399.1M |
| 8 | ADM | 1.77% | 5,754,669 | $387.3M |
| 9 | NEM | 1.60% | 3,132,255 | $351.9M |
| 10 | ES | 1.58% | 5,030,299 | $347.7M |
| 11 | RF | 1.57% | 12,050,165 | $343.4M |
| 12 | USB | 1.55% | 6,077,402 | $341.0M |
| 13 | CFG | 1.54% | 5,377,749 | $338.7M |
| 14 | TFC | 1.54% | 6,579,296 | $338.3M |
| 15 | BG | 1.53% | 2,940,470 | $334.9M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
What Drove DVY Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price of $152.70 for the iShares Select Dividend ETF reflects a market positioning within the mid-cap value sector, where historical patterns often exhibit distinct risk dynamics compared to broader indices. While specific drawdown metrics and volatility coefficients are not provided in this snapshot, the valuation level suggests that recent momentum may be driven by fundamental shifts toward income-generating assets rather than purely speculative capital flows. In environments characterized by elevated uncertainty, such price points can sometimes mask underlying fragility if earnings growth does not align with yield expectations, or conversely, they might represent a structural inflection where dividend stability attracts long-term holders seeking downside protection. The interplay between the sector's inherent value characteristics and the current pricing level requires careful assessment of whether recent upward or sideways movements are supported by robust fundamentals or merely temporary liquidity effects. Without explicit data on maximum drawdowns experienced over defined periods, it remains difficult to quantify how resilient the asset is against sudden market corrections typical in mid-cap segments. The technical setup implies a need for vigilance regarding potential volatility spikes that could test support levels established at lower price points, as value-oriented strategies often face pressure when interest rate expectations shift or economic growth forecasts are revised downward. Ultimately, the observed price action invites scrutiny into whether the current trajectory represents a sustainable trend rooted in fundamental re-rating or a fragile momentum susceptible to macroeconomic headwinds. Investors must weigh the potential for continued appreciation against the risks associated with sector-specific downturns that could precip
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How DVY’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($21.95B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.