DVY — iShares Select Dividend ETF
iShares (BlackRock) · Expense Ratio: 0.38% · Dividend · 23bp above the Dividend category average of 0.15%
Key Facts
| Ticker | DVY |
| Full Name | iShares Select Dividend ETF |
| Provider | iShares (BlackRock) |
| Expense Ratio | 0.38% |
| Category | Dividend |
| Assets Under Management | $18B |
| Inception Year | 2003 (23 years ago) |
| Number of Holdings | 100 |
| Dividend Yield | ~3.4% (high) |
| Top Holdings | VZ, MO, CVX, KMI |
What Is DVY?
DVY, managed by iShares (BlackRock), launched in 2003, is a well-established ETF with adequate liquidity for most investors in the Dividend category. Dividend-focused ETF investing in companies with consistent and growing dividend payouts. With $18B in assets under management, it has adequate trading volume for most individual investors.
DVY in a FIRE Portfolio
With its focus on dividend-paying stocks, this fund can generate retirement income for FIRE investors, reducing the need to sell holdings during market downturns.
At a ~3.4% yield, a $1M position in DVY would generate approximately $34,000/year in dividend income. For FIRE investors, dividend income reduces the need to sell holdings during market downturns — a strategy known as "living off dividends."
Cost Analysis: How DVY's 0.38% Fee Affects Your FIRE Timeline
At 0.38%, DVY is relatively expensive. Annual cost on a $100K position: $380. Over 30 years, fees could consume approximately 2.3% of total returns. On a $1M FIRE portfolio, cumulative fees approach $38,000. Compare with lower-cost peers in Dividend: .
Dividend Income Potential
With a high dividend yield of approximately 3.4%, here's what DVY could generate in annual income at different portfolio sizes:
| Portfolio Value | Annual Dividend Income | Monthly Income |
|---|---|---|
| $100,000 | $3,400/year | $283/month |
| $250,000 | $8,500/year | $708/month |
| $500,000 | $17,000/year | $1,417/month |
| $1,000,000 | $34,000/year | $2,833/month |
Frequently Asked Questions About DVY
What is the expense ratio for DVY?
DVY has an expense ratio of 0.38%. This is relatively expensive — on a $100K portfolio, annual fees are $380. 23bp above the dividend category average of 0.15%.
Is DVY good for a FIRE portfolio?
With its focus on dividend-paying stocks, this fund can generate retirement income for FIRE investors, reducing the need to sell holdings during market downturns. Its 0.38% expense ratio is relatively expensive for the Dividend category.
How does the 0.38% fee affect long-term returns?
At 0.38%, annual costs are $380/$100K. Over 30 years, this could reduce your final portfolio value by 2.3% or more. For a $1M FIRE portfolio, that's $22,800+ in lost compound growth.
Is DVY liquid enough for my portfolio?
DVY manages $18B in assets — a well-established ETF with adequate liquidity for most investors. For most individual FIRE investors making regular contributions, liquidity is sufficient. If you're investing large lump sums ($100K+), use limit orders to control your execution price.
Similar ETFs in Dividend
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- VYM — Vanguard High Dividend Yield ETF (0.06% · Income Generator)
- DGRO — iShares Core Dividend Growth ETF (0.08% · Income Generator)
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