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WisdomTree High Dividend ETF: Combining What's Classic With What's New

Published Wed, 30 Oct 2019 05:35:23 -0400 on Seeking Alpha

What’s classic in the stock market is dividend income. Really! There was once a time when many institutions refused, as a matter of policy, to consider owning shares of any company that did not pay dividends. What’s new is “smart beta,” and all the talk of fancy portfolio-weighting protocols. The WisdomTree High Dividend ETF (DHS) combines both principles. The question is whether all this makes a useful difference in a world with so many ETFs, even equity-income ETFs, from which we can choose. My answer: “Yes.”
© Can Stock Photo / Nejron
Smart Beta: Bigger-Is-Better But With More Thought To Measuring Size The bigger-is-better notion is endemic in the investment community in more ways than many realize. Consider something like the iShares Micro-Cap ETF (IWC). That’s not big. That’s small, and then some. Bigger-is-better is obviously irrelevant there. Or not. The size threshold is, indeed, pegged to the smaller end of the range of stocks considered for index membership by Russell, but once selected shares are allocated within the portfolio on a“float-adjusted capitalization-weighted” basis.
There are some equal-weighted ETFs out there, and we can go this route even within large-oriented S&P 500. We can choose the Invesco S&P 500 Equal Weight ETF (RSP) in lieu of the conventionally cap-weighted SPDR S&P 500 Trust ETF (SPY) or the iShares Core S&P 500 ETF (IVV). But consider the much greater popularity of bigger-is-better. Even within... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ISHARES DOW JONES SELECT DIVIDEND INDEX FUND 103.22   0.0 0.00 3.37 3.31
VANGUARD DIVIDEND APPRECIATION ETF 120.84   0.0 0.00 0.00 1.58

ISHARES DOW JONES SELECT DIVIDEND INDEX FUND - DVY
ISHARES DOW JONES SELECT DIVIDEND INDEX FUND - DVY  


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