SMDV: Suboptimal Dividend Strategy For Tumultuous Times
SMDV offers exposure to the Russell 2000 constituents that have been consistently growing their dividends for at least 10 years. Since my previous article, SMDV has significantly underperformed the S&P 500 index, with financials being among the key detractors. Its long-term returns are soft as well. Quality remains questionable, as only 35% of the holdings have a B- Quant Profitability rating or higher.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
Making its debut on 02/03/2015, smart beta exchange traded fund ProShares Russell 2000 Dividend Growers ETF (SMDV) provides investors broad exposure to the Style Box - Small Cap Value category of the market.
SMDV Has High Exposure In Banks And Lags Competitors
ProShares Russell 2000 Dividend Growers ETF has a portfolio of 99 small-cap dividend growers. SMDV is diversified across holdings thanks to its equal-weight methodology, but overweight in financials, especially banks. SMDV beats its parent index in risk-adjusted return and has attractive dividend growth rate.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
Making its debut on 02/03/2015, smart beta exchange traded fund ProShares Russell 2000 Dividend Growers ETF (SMDV) provides investors broad exposure to the Style Box - Small Cap Value category of the market.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market.
SMDV: Fundamentally Unattractive DGI Strategy Despite Performance Surprise
SMDV oversees a portfolio of 100 SMID stocks that have at least 10 years of dividend growth in the books. The methodology has nuances, though. Regional bank stocks boosted SMDV's returns in July, allowing it to outperform the S&P 500 index marginally since the previous analysis. However, fundamentally, nothing has changed about this vehicle. Its quality characteristics remain pronouncedly weak, while growth is soft.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.
SMDV: Why You Should Pass On This 3% Yielding Small-Cap DGI ETF
SMDV might attract DGI investors for its 2.91% expected yield and double-digit dividend growth rate. However, the way it accomplishes that is not optimal. The selection process begins by identifying small-cap stocks with at least ten consecutive years of dividend growth. It sounds good, but 40% of eligible stocks are Regional Banks. SMDV's selections in this sub-industry, which total 25%, have delivered negative total returns over the last five years and have negative estimated earnings growth.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
A smart beta exchange traded fund, the ProShares Russell 2000 Dividend Growers ETF (SMDV) debuted on 02/03/2015, and offers broad exposure to the Style Box - Small Cap Value category of the market.
