DIVS
SmartETFs Dividend Builder ETF
DIVS is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth.
Global
EQUITY
Active
MANAGEMENT STYLE
41.8 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Guinness Atkinson Asset Management |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 30, 2012 |
| Assets (mns) | $42 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BROADCOM INC. | 3.9 % |
| DANONE | 3.5 % |
| ABB LTD. | 3.4 % |
| MICROSOFT CORP | 3.3 % |
| ASSA ABLOY AB CLASS B | 3.3 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 3.2 % |
| DEUTSCHE BOERSE AG | 3.2 % |
| JOHNSON & JOHNSON | 3.1 % |
| ROCHE HOLDING AG-BR | 3.1 % |
| ABBVIE INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 297 |
| Wgt avg mkt cap (mns) | $335,616 |
| Large cap (>$10bn) | 95.9% |
| Mid cap ($2-10bn) | 2.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.2% |
| Emerging mkts. | 2.3% |
Country Exposure
 |
UNITED STATES | 52.3 % |
 |
SWITZERLAND | 9.5 % |
 |
FRANCE | 8.7 % |
 |
BRITAIN | 8.5 % |
 |
SWEDEN | 6.0 % |
 |
IRELAND | 5.8 % |
 |
TAIWAN | 3.2 % |
 |
GERMANY | 3.2 % |
 |
AUSTRALIA | 2.3 % |
 |
DENMARK | 1.8 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.5% | 3.3% | 13.4% | 13.7% | -- | -- | -- | 6.2% |
| Dividend Yield | 0.0% | 0.0% | 0.9% | 2.7% | -- | -- | -- | 3.0% |
| Total Returns | 9.5% | 3.3% | 14.3% | 16.4% | -- | -- | -- | 9.2% | Ann. Volatility | 14.6% | 13.7% | 12.0% | 12.6% | -- | -- | -- | 27.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 70% |
| MSCI EAFE | 0.57 | 57% |
| MSCI Emg Mkts | 0.41 | 34% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.31% |
Technical Indicators
| Recent close | $30.99 |
| 30d moving avg. | $31.04 |
| Annualized volatility | 11.3% |
| Relative strength (RSI) | 58 |
| Short interest | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| BGIG | Bahl & Gaynor Income Growth ETF | 29.9% | -20 bp | +5.2% |
| HDV | iShares Core High Dividend ETF | 23.4% | -57 bp | +7.1% |
| DGRO | iShares Core Dividend Growth ETF | 22.8% | -57 bp | +6.6% |
| CZAR | Themes Natural Monopoly ETF | 22.5% | -30 bp | +5.5% |
| DIVL | Madison Dividend Value ETF | 22.5% | 0 bp | +6.1% |
| OSEA | Harbor International Compounders ETF | 21.9% | -10 bp | +4.9% |
| QLTY | GMO U.S. Quality ETF | 21.5% | -15 bp | +4.7% |
| TGLR | LAFFER TENGLER Equity Income ETF | 21.4% | +30 bp | +4.8% |
| VIG | Vanguard Dividend Appreciation ETF | 21.3% | -60 bp | +5.6% |
| UDI | USCF Dividend Income Fund | 20.8% | 0 bp | +8.3% |
Risk and Returns: DIVS 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 10/12/2025
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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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
DIVS
5.0%
Cat. Avg
4.3%
ALTAR Score™ Calculation
Category Overview
There are 369 funds in the Global Equity category, with an average ALTAR Score™
of 4.3% and a standard deviation of
3.3%. DIVS's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places DIVS in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DIVSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 128 |
| Avg. Expense Ratio | 70.9 bp |
| Std. Deviation | 30.5 bp |
| DIVS (65 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DIVS | 65.0 | 31.2 | 96.2 |
| Peer Avg. | 70.9 | 35.9 | 106.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .