TBGvsDIVLETF Comparison
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TBG Dividend Focus ETF (TBG) belongs to the US Multi-Factor segment. Madison Dividend Value ETF (DIVL) is part of the US High Dividend segment. TBG's top 3 sector exposures are Health Care, Energy and Financials. In contrast, DIVL's top sector exposures are Industrials, Energy and Financials. TBG is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.65% for DIVL. TBG is up 12.86% year-to-date (YTD) with +$16M in YTD flows. DIVL performs worse with 9.71% YTD performance, and -$5M in YTD flows. Run a side-by-side ETF comparison of TBG and DIVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TBG vs DIVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TBG DIVL | +3.32%+0.83% | +7.41%+3.20% | +12.86%+9.71% | +19.31%+14.97% | n/an/a | n/an/a |
| Flows | TBG DIVL | +$2M- | +$6M-$2M | +$16M-$5M | +$66M-$7M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TBG DIVL | +9.83%+11.32% | +9.62%+10.68% | n/an/a | n/an/a |
| Max drawdown | TBG DIVL | -2.67%-3.21% | -6.36%-6.99% | n/an/a | n/an/a |
| Max drawdown duration | TBG DIVL | 21d43d | 97d102d | n/an/a | n/an/a |
Trading data
TBG | DIVL | |
Last sale 6/12/2026 at 7:59 PM | $37.44 | $24.92 |
| Previous close 06/12/2026 | $37.30 | $24.71 |
| Consolidated volume 06/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 7:59 PM
Live
Closed
TBG | DIVL | |
|---|---|---|
| Last price | $37.44 | $24.92 |
| 1D performance | +0.38% | +0.83% |
| AuM | $240.52 M | $61.73 M |
| E/R | 0.59% | 0.65% |
Characteristics
TBG | DIVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Alpha Architect | Madison Investments |
| Benchmark | - | - |
| N° of holdings | 35 | 37 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 7, 2023 | August 15, 2023 |
| ESG | No | No |
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Exposure
Countries
TBG
USA
89.05%
Other
10.95%
DIVL
USA
88.73%
Other
11.27%
Sectors
TBG
Health Care
14.42%
Energy
13.35%
Financials
13.21%
Consumer Staples
12.3%
Real Estate
9.65%
Information Techn.
9.62%
Other
27.45%
DIVL
Industrials
17.11%
Energy
16.72%
Financials
11.78%
Health Care
11.51%
Consumer Staples
8.42%
Information Techn.
8.07%
Other
26.39%
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Diversification
TBG
Total weight of top 15 holdings out of 15
52.07%
DIVL
Total weight of top 15 holdings out of 15
56.26%
Top 15 holdings
Data as of April 30, 2026
TBG
BLACKSTONE GROUP
4.23%
SIMON PROPERTY GROUP REIT
4.22%
MERCK & CO INC
3.86%
CHEVRON TEXACO
3.73%
PEPSICO U
3.60%
VERIZON COMMUNICATIONS
3.49%
CISCO-T
3.45%
PROCTERGAMBLE
3.45%
CA11276H1064
3.44%
TEXAS INSTRUMENTS
3.41%
AMERICAN ELECTRIC POWER
3.34%
JOHNSON&JOHNSON
3.03%
MOELIS
2.95%
ENTERPRISE PRODUCTS PARTNERS UNT
2.94%
ALTRIA GROUP
2.93%
DIVL
JOHNSON&JOHNSON
4.78%
TEXAS INSTRUMENTS
4.70%
EXXON
4.70%
CHEVRON TEXACO
4.64%
NEXTERA ENERGY
4.38%
CME GROUP
3.96%
PROCTERGAMBLE
3.77%
HONEYWELL INTL
3.64%
UNION PACIFIC U
3.38%
ANALOG DEVICES
3.37%
CONOCOPHILLIPS
3.36%
ILLINOIS TOOL
3.19%
SCHLUMBERGER
2.89%
HOME DEPOT
2.83%
LOWE'S COS INC
2.67%
Frequently asked questions about TBG and DIVL
How have the TBG and DIVL ETFs performed in 2026?
As of June 12, 2026, TBG is up 12.86% year-to-date (YTD), while DIVL has returned 9.71%. That puts TBG better performer ahead so far this year.
Which ETF is attracting more investor money: TBG or DIVL?
Year-to-date, the TBG ETF saw +$16M in flows, compared to -$5M for DIVL.
Which ETF is more volatile: TBG or DIVL?
Over the past year, TBG had a volatility of 9.62%, while DIVL experienced 10.68%.
Which ETF is bigger: TBG or DIVL?
As of June 12, 2026, TBG holds $240.52 M in assets under management (AUM), while DIVL manages $61.73 M.
What sectors do the TBG and DIVL ETFs invest in?
TBG leans toward sectors like Health Care, Energy and Financials. Meanwhile, DIVL focuses on Industrials, Energy and Financials.
What are the top holdings of the TBG ETF and DIVL ETF?
TBG top holdings include BLACKSTONE GROUP, SIMON PROPERTY GROUP REIT and MERCK & CO INC. DIVL holds in its top three: JOHNSON&JOHNSON, TEXAS INSTRUMENTS and EXXON.
Which ETF is more diversified: TBG or DIVL?
TBG holds 36 securities with 52.07% of its assets in the top 15. DIVL has 38 securities and a top 15 weight of 56.26%.
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