DVY calculator
Historical growth of iShares Select Dividend ETF using Dow Jones US Select Dividend return series. Dividends reinvested at year-end; expense ratio drag not applied to historical figures (use projection mode for a lifetime fee estimate).
$10,000 invested in DVY at inception (2003) with dividends reinvested through end of 2024 would be worth approximately $99,952 nominal ($57,315 in 2003 dollars). Annualized nominal: 11.03%; real: 8.26%.
Uses annual S&P 500 total return (with dividends reinvested) and CPI-U inflation, 1928–2024. Source: Damodaran (NYU Stern) + Shiller CAPE + BLS. Excludes fees, taxes, and bid/ask. Real return = nominal ÷ cumulative CPI.
DVY at a glance
| Full name | iShares Select Dividend ETF |
| Provider | BlackRock |
| Expense ratio | 0.38% |
| Inception | 2003 |
| Assets under management | $20B |
| Dividend yield | 3.80% |
| Return series used | Dow Jones US Select Dividend |
What dividend funds optimize for
Dividend ETFs screen for yield and payout consistency, which tilts them toward mature value sectors — utilities, staples, financials — and away from the tech mega-caps that drive S&P 500 returns. The result: lower growth, higher income, smaller drawdowns in bear markets, and a persistent gap versus the broad index in bull markets. In taxable accounts, remember every distribution is a taxable event; total-return investors often do better selling shares on their own schedule.
What 0.38% costs over 30 years
Expense ratios compound against you exactly the way returns compound for you. On a $10,000 position growing at a 10% gross return for 30 years, DVY's 0.38% fee quietly consumes about $17,207 of the final balance. The cheapest fund in the same category, SCHD at 0.06%, would cost about $2,833 — a difference of $14,374 for holding what is often a near-identical basket.
DVY vs same-category peers
| Fund | ER | Yield | Since |
|---|---|---|---|
| DVY (this page) | 0.38% | 3.8% | 2003 |
| SCHD | 0.06% | 3.5% | 2011 |
| VYM | 0.06% | 3.0% | 2006 |
How this calculator works
For each start year, we apply the year-by-year total return of the Dow Jones US Select Dividend to the entered starting amount, compounding annually with dividends reinvested at year-end. This mirrors what an actual buy-and-hold DVY holder would have experienced, before fees and taxes. Expense ratio is intentionally excluded from the historical result to keep the underlying series comparable across ETFs; for a full lifetime fee estimate at 0.38%, use the projection tab in our fund fee analyzer.