At a glance
DIVB charges 0.05% a year, below the 0.11% average of the 8 funds most like it (the 4th cheapest of 9). It has $1.71B in assets, the 6th largest of that group; it paid 2.11% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +35.8% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds; over three years it returned +28.8% a year. At its worst it fell 36.2% in the 2020 crash (S&P 500: 33.7%) and 21.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 15 months after the lows. Its ten largest positions make up 30.2% of the fund, out of 382 in all.
The short version
The iShares Core Dividend ETF (DIVB) is a BlackRock index fund that tracks the Morningstar US Dividend and Buyback Index. As of July 31, 2026, it held 382 U.S. stocks, chosen for how much cash they return to shareholders through dividends and share buybacks. Most dividend funds ignore buybacks, so counting them sets DIVB apart. Its 0.05% expense ratio is below the 0.11% average of similar funds.
Price history
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DIVB +35.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DIVB official prospectus, to Dec 31, 2025 | — | +15.09% | — | +12.69% | — | +12.43% |
| Morningstar US Market Index index, same period | — | +17.35% | — | +13.29% | — | +14.02% |
| Morningstar US Dividend And Buyback Index index, same period | — | +15.19% | — | +12.85% | — | +12.63% |
| DIVB price data to Oct 27, 2026 | +34.0% | +35.8% | +28.8% | +14.2% | — | +14.9% |
- Over the year to Oct 27, 2026, DIVB returned +35.8%, 1st of 9 among similar funds.
- Its 5-year annualized return was +14.2%.
- In the 2020 COVID crash it fell 36.2% and regained its old high 7.6 months after the low.
- Its worst full calendar year was 2022 (-10.5%); its best was 2019 (+32.8%).
- The deepest fall in its price history was 36.9% (Feb 14, 2020 to Mar 23, 2020), recovered by Nov 16, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +34.0% | — |
| 2025 | +15.1% | +15.09% |
| 2024 | +18.6% | +18.60% |
| 2023 | +13.3% | +13.15% |
| 2022 | -10.5% | -10.38% |
| 2021 | +31.3% | +31.32% |
| 2020 | +10.7% | +10.64% |
| 2019 | +32.8% | +32.04% |
| 2018 | -8.2% | -6.46% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 36.2% over that stretch · deepest drop along the way 36.2%, back to its old high 7.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 19.7% over that stretch · deepest drop along the way 21.1%, back to its old high 14.8 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.0900 | |
| 2025 | $1.3300 | +7.3% |
| 2024 | $1.2400 | -5.3% |
| 2023 | $1.3100 | +72.4% |
| 2022 | $0.7600 | +10.1% |
| 2021 | $0.6900 | +1.5% |
| 2020 | $0.6800 | +6.3% |
| 2019 | $0.6400 | +10.3% |
| 2018 | $0.5800 |
Living on DIVB: its income record, cuts, and how much a $1,000 monthly income takes →
What's inside
As of Jul 31, 2026, the fund held 382 securities; the ten largest made up 30.24% of assets.
| Holding | Weight | |
|---|---|---|
| AUTOMATIC DATA PROCESSING INC | 5.45% | |
| ACCENTURE PLC | 4.47% | |
| INTERNATIONAL BUSINESS MACHINES CORP | 3.74% | |
| JP MORGAN CHASE & COMPANY | 2.77% | |
| PAYCHEX INC | 2.61% | |
| HP INC | 2.55% | |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP | 2.38% | |
| EXXONMOBIL HOLDINGS CORP | 2.33% | |
| JOHNSON & JOHNSON | 2.15% | |
| ABBVIE INC | 1.80% | |
| CHEVRON CORP | 1.65% | |
| SS&C TECHNOLOGIES HOLDINGS INC | 1.58% | |
| BANK OF AMERICA CORP | 1.55% | |
| PROCTER & GAMBLE COMPANY (THE) | 1.52% | |
| VERIZON COMMUNICATIONS INC | 1.47% |
By country
United States 92.77%Ireland 5.43%Bermuda 0.68%Curaçao 0.28%United Kingdom 0.16%By asset type
Stocks 99.7%By sector
Sectors of the companies held, for the 74.3% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $171.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +6.70%, +0.32%, +6.86%.
How it works
DIVB tracks the Morningstar US Dividend and Buyback Index. Morningstar builds it from the Morningstar US Market Index, which covers about 97% of the value of publicly traded U.S. stocks. Each company gets a "shareholder yield" score: the cash it returns through dividends and buybacks (when a company repurchases its own shares), measured against its market value. The score counts the past 12 months of dividends at 75% and two years of net buybacks at 25%.
Morningstar drops the top 5% of scorers. A very high yield can be a sign of a falling share price, so this step can screen out some troubled companies. It then adds companies from the highest score down until they cover half of all shareholder payout dollars in the parent index. Each stock is weighted by the dollars it pays out, capped at 4.9% in the index. Sector weights stay within 5 percentage points of the parent index. As of July 31, 2026, the largest holdings were Automatic Data Processing (5.4%), Accenture (4.5%) and IBM (3.7%), and the top 10 made up 30% of the fund.
BlackRock's adviser uses "representative sampling." That means the fund buys a sample of stocks meant to match the index's overall profile, so it may not own every index member. It must keep at least 80% of net assets in index stocks. It may use futures, and it may lend out up to a third of its assets. Portfolio turnover was 38%.
What it really costs
- DIVB charges 0.05% a year, versus an average of 0.11% for the similar funds below (4th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $5 in the first year and $64 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DIVB | $5 | $16 | $28 | $64 |
In a retirement portfolio
It spreads money across 382 U.S. stocks with sector weights kept close to the broad market, for a 0.05% expense ratio.
DIVB could serve as a low-cost core stock holding that leans toward companies returning cash to shareholders. The trailing 12-month yield was 2.11% as of October 27, 2026, paid quarterly. That income is modest, partly because buybacks, not just dividends, drive the stock picks. The fund launched in November 2017, so it has no record from 2008. In the 2020 COVID crash it fell 36.2% between February 19 and March 23, then recovered within about eight months. In the 2022 bear market it dropped 21.1% and took nearly 15 months to recover. Its worst calendar year was 2022, at -10.38%. Anyone who had to sell shares for income during those drops would have sold at a loss. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a broad, 382-stock U.S. dividend fund for 0.05% a year, below the 0.11% average of similar funds.
- People who like that it counts share buybacks along with dividends and keeps sector weights within 5 points of the broad market.
- Long-term holders who are fine with modest quarterly income: the trailing yield was 2.11% as of October 27, 2026.
Look elsewhere if
- Retirees who want higher income. The 2.11% trailing yield reflects the fund's buyback tilt, not a focus on the highest dividend payers.
- Investors who want full U.S. market returns. The fund trailed the Morningstar US Market Index over the five years ending December 31, 2025.
- Anyone who couldn't sit through a 36.9% drop like early 2020's, or the nearly 15 months it took to recover after 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| DIVB this fund | — | 0.05% | $1.71B | +35.8% | +28.8% |
| VYM Vanguard High Dividend Yield Index ETF | 56% | 0.06% | $99.19B | +19.1% | +21.2% |
| SCHV Schwab U.S. Large-Cap Value ETF | 48% | 0.04% | $15.67B | +22.4% | +20.3% |
| DTD WisdomTree U.S. Total Dividend Fund | 47% | 0.28% | $1.61B | +15.9% | +21.3% |
| VTV Vanguard Value ETF | 46% | 0.04% | $254.48B | +25.4% | +22.3% |
| FNDX Schwab Fundamental U.S. Large Company ETF | 42% | 0.25% | $27.57B | +25.0% | +22.7% |
| ILCV iShares Morningstar Value ETF | 42% | 0.04% | $1.32B | +20.5% | +23.4% |
| VONV Vanguard Russell 1000 Value ETF | 40% | 0.07% | $23.88B | +29.0% | +23.6% |
Questions investors ask
Is DIVB good for retirement income?
DIVB provides modest income, not high income. Over the 12 months to October 27, 2026, it paid $1.48 per share, a yield of 2.11%, in quarterly payments. The fund picks stocks partly for share buybacks, which don't produce cash payments, so its yield can be lower than funds that chase the highest dividends. Companies can also cut or stop their dividends. The fund may suit retirees who want income as part of a broad, low-cost stock holding.
What's the difference between DIVB and VYM?
Both hold U.S. dividend-paying stocks and share about 56% of their holdings. They differ in selection and size. DIVB counts share buybacks as well as dividends. Vanguard's VYM costs 0.06% versus DIVB's 0.05%, and VYM is far larger, with about $99.2 billion in net assets versus about $1.7 billion for DIVB as of July 31, 2026. On price, DIVB returned 35.8% over the year to October 27, 2026, and VYM returned 19.4% over the year to October 29.
What is DIVB's expense ratio?
DIVB's expense ratio is 0.05% a year, according to its prospectus filed August 21, 2026. The SEC's standard example assumes $10,000 invested with a 5% annual return. On that basis, costs would total about $5 after one year, $28 after five years and $64 after ten years. The average for similar funds is 0.11%, and DIVB ranks fourth-cheapest of nine. Schwab's SCHV and Vanguard's VTV charge 0.04%, but both follow broad value indexes rather than a dividend-and-buyback index.
What are DIVB's top holdings?
As of July 31, 2026, the largest holdings were Automatic Data Processing (5.4%), Accenture (4.5%), IBM (3.7%), JPMorgan Chase (2.8%), Paychex (2.6%) and HP (2.6%). Cognizant, ExxonMobil, Johnson & Johnson and AbbVie rounded out the top 10, which made up about 30% of the fund. The fund held 382 stocks in total. About 93% of assets were in U.S.-based companies, and 5.4% were in Ireland-based companies such as Accenture.
How has DIVB performed compared with the stock market?
DIVB has slightly trailed the broad U.S. market. Through December 31, 2025, it returned an average of 12.69% a year over five years and 12.43% a year since its 2017 launch. The Morningstar US Market Index returned 13.29% and 14.02% over the same periods. The fund did better in 2026: its price return was 34.04% year to date through October 27. Its worst calendar year was 2022, at -10.38%. Past returns don't predict future results.