DIVL
Madison Dividend Value ETF
DIVL uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 61.9 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Aug 15, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JOHNSON & JOHNSON | 5.2 % |
| EXXON MOBIL CORP | 5.0 % |
| CHEVRON CORP | 5.0 % |
| CME GROUP INC | 4.5 % |
| NEXTERA ENERGY GROUP | 4.4 % |
| HONEYWELL INTERNATIONAL INC | 4.1 % |
| CONOCOPHILLIPS | 3.4 % |
| TEXAS INSTRUMENTS INC | 3.4 % |
| ILLINOIS TOOL WORKS | 3.2 % |
| PROCTER & GAMBLE CO/THE | 3.2 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 315 |
| Wgt avg mkt cap (mns) | $216,632 |
| Large cap (>$10bn) | 99.7% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 92.4 % |
 |
CANADA | 4.2 % |
 |
IRELAND | 2.8 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.5% | 14.3% | 12.3% | -- | -- | -- | -- | 10.5% |
| Dividend Yield | 0.2% | 2.2% | 2.3% | -- | -- | -- | -- | 2.4% |
| Total Returns | 11.7% | 16.5% | 14.6% | -- | -- | -- | -- | 12.9% | Ann. Volatility | 10.5% | 14.5% | 12.8% | -- | -- | -- | -- | 12.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 65% |
| MSCI EAFE | 0.68 | 58% |
| MSCI Emg Mkts | 0.51 | 40% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $24.77 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.07/0.10 |
| Bollinger Bands (Upper/Lower) | $25.91/$24.22 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DIVL |
Expenses vs. DIVL |
ALTAR Score™ vs. DIVL |
|---|---|---|---|---|
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 60.2% | -16 bp | +0.8% |
| HDV | iShares Core High Dividend ETF | 39.4% | -57 bp | +1.1% |
| DGRO | iShares Core Dividend Growth ETF | 33.8% | -57 bp | +1.1% |
| DURA | VanEck Durable High Dividend ETF | 33.6% | -36 bp | +1.5% |
| MGV | Vanguard Mega Cap Value ETF | 32.2% | -58 bp | +1.0% |
| BGIG | Bahl & Gaynor Income Growth ETF | 30.7% | -20 bp | +0.1% |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 30.3% | -58 bp | +1.8% |
| DIVN | Horizon Dividend Income ETF | 30.1% | +5 bp | +1.9% |
| VYM | Vanguard High Dividend Yield Index ETF | 29.7% | -59 bp | +1.6% |
| EDOW | First Trust Dow 30 Equal Weight ETF | 28.7% | -15 bp | +0.2% |
Risk and Returns: DIVL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/16/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.2%
ALTAR SCORE™
58th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 567 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. DIVL's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places DIVL in the 58th percentile
among funds in the category.
Sell-Side Consensus
$26.43
PRICE TARGET
+8.8%
UPSIDE