ETF Versus

DVY vs IJR

iShares Select Dividend ETF vs iShares Core S&P Small-Cap ETF

Last updated: 2026-04-02

DVY iShares

iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003
IJR iShares

iShares Core S&P Small-Cap ETF (IJR) is an exchange-traded fund issued by iShares that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.28%. Launched in 2000, the fund has a 26-year track record.

AUM: $90.2B ER: 0.06% Yield: 1.28% Since: May 22, 2000

Quick Verdict

IJR is significantly cheaper at 0.06% vs 0.38% expense ratio, saving you approximately $628 per $10,000 invested over 10 years. Over the past year, IJR has significantly outperformed with a 19.2% return vs 12.6%. Income investors may prefer DVY for its higher yield (3.5% vs 1.3%).

Key Metrics

Metric DVY IJR
Expense Ratio 0.38% 0.06%
Dividend Yield 3.5% 1.3%
Fund Family iShares iShares
Category US Dividend US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

75 88 101 114 127 140 2021-04 2022-06 2023-09 2024-12 2026-04
DVY +30.7%
IJR +13.0%

Performance Comparison

Period DVY IJR Difference
1 Month -3.15% -4.33% +1.18%
3 Months +5.89% +2.92% +2.97%
6 Months +5.53% +4.03% +1.50%
YTD +5.89% +2.92% +2.97%
1 Year +12.56% +19.20% -6.64%
3 Years +28.73% +29.06% -0.33%
5 Years +30.67% +12.98% +17.69%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DVY Fees IJR Fees You Save
$10.000 10 years $748 $120 $628
$10.000 20 years $3.173 $515 $2.657
$10.000 30 years $10.097 $1.664 $8.434
$50.000 10 years $3.739 $598 $3.140
$50.000 30 years $50.486 $8.318 $42.168
$100.000 30 years $100.972 $16.637 $84.335

Risk Metrics

Based on 5 years of daily returns

Metric DVY IJR
Annualized Volatility 15.5% 21.6%
Max Drawdown -22.1% -28.9%
Sharpe Ratio 0.13 0.01

Dividend Comparison

Metric DVY IJR
Annual Dividend (per share) $5.24 $1.60
Dividend Yield 3.47% 1.28%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

DVY Top Holdings

NameWeight
Pfizer Inc.PFE2.33%
Altria Group, Inc.MO2.17%
Verizon Communications Inc.VZ2.01%
ONEOK, Inc.OKE1.93%
Prudential Financial, Inc.PRU1.81%
T. Rowe Price Group, Inc.TROW1.75%
LyondellBasell Industries N.V.LYB1.70%
General Mills, Inc.GIS1.62%
Edison InternationalEIX1.60%
Kimberly-Clark CorporationKMB1.57%

IJR Top Holdings

NameWeight
BLK CSH FND TREASURY SL AGENCYXTSLA1.37%
Eastman Chemical CompanyEMN0.54%
Viavi Solutions Inc.VIAV0.53%
Argan, Inc.AGX0.52%
Primoris Services CorporationPRIM0.52%
FormFactor, Inc.FORM0.51%
Element Solutions IncESI0.51%
LKQ CorporationLKQ0.50%
SM Energy CompanySM0.49%
ESCO Technologies Inc.ESE0.48%

Which One Should You Choose?

Choose IJR if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IJR if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose DVY if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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