At a glance
DVYA charges 0.49% a year, above the 0.35% average of the 6 funds most like it (the 5th cheapest of 7). It has $71.7M in assets, the 6th largest of that group; it paid 4.64% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +21.1% with distributions reinvested (S&P 500: +11.5%), the best of those 7 funds; over three years it returned +24.2% a year. At its worst it fell 41.6% in the 2020 crash (S&P 500: 33.7%) and 24.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 11 months and 14 months after the lows. Its ten largest positions make up 45.0% of the fund, out of 55 in all.
The short version
iShares Asia/Pacific Dividend ETF (DVYA) is a BlackRock index fund that tracks the Dow Jones Asia/Pacific Select Dividend 50 Index. The index holds 50 high-yielding companies in Australia, Hong Kong, Japan, New Zealand and Singapore. Its trailing yield was 4.64% as of October 27, 2026, paid quarterly, and its holdings lean heavily on miners and banks such as BHP and DBS. At 0.49% a year, it costs more than most similar funds.
Price history
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DVYA +21.1% 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 | |
|---|---|---|---|---|---|---|
| DVYA official prospectus, to Dec 31, 2025 | — | +30.16% | — | +9.91% | +7.02% | — |
| DVYA price data to Oct 27, 2026 | +17.4% | +21.1% | +24.2% | +12.4% | +6.8% | +5.4% |
- Over the year to Oct 27, 2026, DVYA returned +21.1%, 1st of 7 among similar funds.
- Its 5-year annualized return was +12.4% and its 10-year +6.8%.
- In the 2020 COVID crash it fell 41.6% and regained its old high 10.8 months after the low.
- Its worst full calendar year was 2015 (-17.3%); its best was 2025 (+30.2%).
- The deepest fall in its price history was 45.6% (Jan 26, 2018 to Mar 23, 2020), recovered by Feb 15, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +17.4% | — |
| 2025 | +30.2% | +30.16% |
| 2024 | +6.1% | +5.99% |
| 2023 | +13.8% | +13.96% |
| 2022 | -2.1% | -2.12% |
| 2021 | +3.4% | +4.23% |
| 2020 | -9.6% | -10.05% |
| 2019 | +14.7% | +14.53% |
| 2018 | -14.8% | -15.02% |
| 2017 | +17.0% | +16.39% |
| 2016 | +20.4% | +20.61% |
| 2015 | -17.3% | — |
| 2014 | -3.6% | — |
| 2013 | +5.6% | — |
| 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 41.6% over that stretch · deepest drop along the way 41.6%, back to its old high 10.8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 17.9% over that stretch · deepest drop along the way 24.1%, back to its old high 14.2 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.9400 | |
| 2025 | $2.0800 | -3.3% |
| 2024 | $2.1500 | -6.9% |
| 2023 | $2.3100 | -6.5% |
| 2022 | $2.4700 | +14.9% |
| 2021 | $2.1500 | +54.7% |
| 2020 | $1.3900 | -42.6% |
| 2019 | $2.4200 | -4.0% |
| 2018 | $2.5200 | +5.9% |
| 2017 | $2.3800 | +10.2% |
| 2016 | $2.1600 | +2.9% |
| 2015 | $2.1000 | -20.2% |
| 2014 | $2.6300 | -13.8% |
| 2013 | $3.0500 |
What's inside
As of Jul 31, 2026, the fund held 55 securities; the ten largest made up 44.98% of assets.
| Holding | Weight | |
|---|---|---|
| BHP GROUP LIMITED | 8.71% | |
| DBS GROUP HOLDINGS LTD | 5.27% | |
| FORTESCUE LTD | 4.57% | |
| HONDA MOTOR CO., LTD. | 4.44% | |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED | 4.43% | |
| ANZ GROUP HOLDINGS LIMITED | 3.86% | |
| SANTOS LIMITED | 3.77% | |
| WESTPAC BANKING CORPORATION | 3.51% | |
| UNITED OVERSEAS BANK LIMITED | 3.35% | |
| BOC HONG KONG (HOLDINGS) LIMITED | 3.07% | |
| QBE INSURANCE GROUP LIMITED | 2.87% | |
| Power Assets Holdings Limited | 2.57% | |
| CK ASSET HOLDINGS LIMITED | 2.32% | |
| WILMAR INTERNATIONAL LIMITED | 2.22% | |
| SONIC HEALTHCARE LIMITED | 2.22% |
By country
Australia 42.39%Singapore 20.05%Hong Kong 15.83%Japan 8.58%Cayman Islands 4.75%By asset type
Stocks 99.84%Other 0.14%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.47%, -4.28%, +8.15%.
How it works
The fund follows the Dow Jones Asia/Pacific Select Dividend 50 Index, built by S&P Dow Jones Indices. The starting pool is stocks in Australia, Hong Kong, Japan, New Zealand and Singapore, minus real estate investment trusts (REITs). To join, a company must have paid dividends in each of the past three years and kept its dividend per share at or above its three-year average. Its earnings must cover the dividend comfortably, its trailing earnings must not be negative, and it must meet minimums for size and daily trading.
Eligible stocks are ranked by indicated annual dividend yield: the regular dividend, not counting one-off special payouts, divided by the share price. The top 50 make the cut. The rules favor keeping existing members, and no more than 25 can come from any one country. Each stock's weight is its yield (capped at 20%) multiplied by the square root of its market value, so both yield and size matter. No single company group can exceed 10% of the index, and no sector can exceed 30%. The index is rebuilt once a year and checked daily so oversized positions can be trimmed.
BlackRock uses representative sampling. That means the fund holds a group of stocks chosen to behave like the index, and it may not own every index member. It must keep at least 80% of net assets in index stocks and may use small futures positions. The prospectus reports portfolio turnover of 47%.
What it really costs
- DVYA charges 0.49% a year, versus an average of 0.35% for the similar funds below (5th of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DVYA | $50 | $157 | $274 | $616 |
In a retirement portfolio
Its main draw is a 4.64% trailing yield paid quarterly from Asia/Pacific dividend stocks, but its deep drops make it better suited to a modest slice than a core position.
DVYA adds income from outside the US. Its trailing yield was 4.64% as of October 27, 2026, paid quarterly by banks, miners and utilities in Australia, Singapore and Hong Kong. The trade-off is steep, slow declines. It fell 41.6% in the 2020 COVID crash and took 10.8 months to recover. It lost 24.1% in 2022 and needed 14.2 months to recover. Its deepest drop was 45.6%, from January 2018 to March 2020, and it did not recover until February 2024. Its worst calendar year was 2015, at -17.3%. It launched in 2012, so it has no 2008 record. Someone who needs cash in a bad year could be forced to sell at low prices, and companies can cut dividends. Its 0.49% fee is above the 0.35% peer average. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want income from outside the US: a 4.64% trailing yield as of October 27, 2026, paid quarterly by Asia/Pacific companies.
- Investors comfortable with heavy exposure to Australian and Singapore banks and miners, led by BHP at 8.7% and DBS at 5.3% of assets.
- Those who want a rules-based screen requiring three years of dividends and solid earnings coverage before a stock can join the index.
Look elsewhere if
- Cost-conscious investors: the 0.49% expense ratio compares with 0.09% for IPAC and HDEF and 0.19% for BBAX.
- Anyone who can't tolerate long slumps: the fund fell 45.6% from 2018 to 2020 and did not recover until February 2024.
- Investors who want much Japan exposure or a large fund: Japan was 8.6% of assets, and net assets were about $72 million as of July 31, 2026.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| DVYA this fund | — | 0.49% | $71.7M | +21.1% | +24.2% |
| EPP iShares MSCI Pacific ex Japan ETF | 32% | 0.48% | $2.32B | +10.7% | +17.8% |
| BBAX JPMorgan BetaBuilders Developed Asia Pacifi… | 32% | 0.19% | $6.73B | +14.0% | +17.7% |
| IPAC iShares Core MSCI Pacific ETF | 9% | 0.09% | $2.65B | +16.0% | +20.6% |
| ADIV SmartETFs Asia Pacific Dividend Builder ETF | 9% | 0.78% | $53.6M | +8.6% | +19.5% |
| HDEF Xtrackers MSCI EAFE High Dividend Yield Equ… | 9% | 0.09% | $2.35B | +17.8% | +21.0% |
| IDV iShares International Select Dividend ETF | 8% | 0.49% | $8.45B | +19.5% | +27.1% |
Questions investors ask
Does DVYA pay monthly dividends?
No. DVYA pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $2.32 per share, a trailing yield of 4.64%. The amount changes from payment to payment because it depends on what the underlying companies pay. Firms such as BHP, Fortescue and Santos tie dividends to commodity prices, and none of the companies are required to keep paying.
What is DVYA's expense ratio?
DVYA's expense ratio is 0.49%, per the prospectus filed August 21, 2026, with no fee waiver. In the SEC's standard example, $10,000 invested at a 5% annual return would cost about $50 in fees after one year, $157 after three, $274 after five and $616 after ten. That is above the 0.35% average for similar funds, and DVYA ranks 5th of 7 on cost.
DVYA vs EPP: what's the difference?
The two share about 32% of their holdings and cost about the same: 0.49% for DVYA and 0.48% for EPP. EPP, the iShares MSCI Pacific ex Japan ETF, tracks the broad market and excludes Japan. DVYA screens for high, steady dividends and includes some Japanese stocks. As of October 27, 2026, DVYA returned 21.1% over one year against EPP's 10.7%. Over three years it returned 24.2% a year against 17.8%. EPP is much larger, at about $2.3 billion in net assets.
How did DVYA do in the 2020 crash?
Badly at first. DVYA fell 41.6% between February 19 and March 23, 2020, and its worst quarter was a 34.47% loss in the quarter ended March 31, 2020. It recovered its prior peak by February 16, 2021, about 10.8 months after the low. It still finished calendar 2020 down 10.05%, according to the prospectus.
What are DVYA's long-term returns?
As of December 31, 2025, DVYA's average annual returns were 30.16% over one year, 9.91% over five years and 7.02% over ten years, according to the prospectus. Results have swung widely from year to year: the fund lost 15.02% in 2018 and gained 30.16% in 2025. Price-based returns as of October 27, 2026 show 6.8% a year over ten years.