Designed to provide broad exposure to the Style Box - All Cap Value category of the market, the Global X SuperDividend U.S. ETF (DIV) is a smart beta exchange traded fund launched on 03/11/2013.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
The fund is managed by Global X Management, and has been able to amass over $773.62 million, which makes it one of the larger ETFs in the Style Box - All Cap Value. Before fees and expenses, DIV seeks to match the performance of the INDXX SuperDividend U.S. Low Volatility Index.
The INDXX SuperDividend U.S. Low Volatility Index tracks the performance of 50 equally weighted common stocks, MLPs & REITs that rank among the highest dividend yielding equity securities in the US.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Operating expenses on an annual basis are 0.45% for DIV, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 6.53%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
DIV's heaviest allocation is in the Energy sector, which is about 20.4% of the portfolio. Its Real Estate and Industrials round out the top three.
When you look at individual holdings, Cbl & Associates Properties (CBL) accounts for about 2.88% of the fund's total assets, followed by Millicom Intl Cellular S.a. (TIGO) and Tsakos Energy Navigation Ltd (TEN).
DIV's top 10 holdings account for about 24.22% of its total assets under management.
Performance and Risk
The ETF has added roughly 16.36% so far this year and it's up approximately 19.28% in the last one year (as of 08/12/2026). In the past 52-week period, it has traded between $16.85 and $20.11
DIV has a beta of 0.59 and standard deviation of 12.38% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 52 holdings, it effectively diversifies company-specific risk .
Alternatives
Global X SuperDividend U.S. ETF is a reasonable option for investors seeking to outperform the Style Box - All Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
WBI Power Factor High Dividend ETF (WBIY) tracks Solactive Power Factor High Dividend Index and the Global X SuperDividend ETF (SDIV) tracks Solactive Global SuperDividend Index. WBI Power Factor High Dividend ETF has $62.63 million in assets, Global X SuperDividend ETF has $1.21 billion. WBIY has an expense ratio of 0.97% and SDIV changes 0.58%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - All Cap Value
Bottom Line
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Global X SuperDividend U.S. ETF (DIV): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).