Question about UKDV and GBDV
Posted: June 30th, 2018, 12:36 pm
State Street's own webpages for these two Dividend Aristocrat ETFs both show a Distribution Yield and an Index Dividend Yield.
I take the former to be the historical 12 month yield the ETF has delivered but would welcome confirmation of that.
I take the latter to be the the weighted yield of the stocks in the respective S&P index, but again would welcome confirmation of that.
If my two assumptions are correct, what I don't then understand is why the two yields are not closely correlated for the Global ETF GBDV with the Distribution Yield being 3.56 against the Index Dividend Yield of 4.68. For the UK ETF UKDV the two are much closer at 4.22% and 4.56% respectively.
I didn't think the two ETFs hold each of the shares in their respective indices equally weighted, so why the discrepancy, particularly in the global ETF GBDV?
Any experts out there...?
I take the former to be the historical 12 month yield the ETF has delivered but would welcome confirmation of that.
I take the latter to be the the weighted yield of the stocks in the respective S&P index, but again would welcome confirmation of that.
If my two assumptions are correct, what I don't then understand is why the two yields are not closely correlated for the Global ETF GBDV with the Distribution Yield being 3.56 against the Index Dividend Yield of 4.68. For the UK ETF UKDV the two are much closer at 4.22% and 4.56% respectively.
I didn't think the two ETFs hold each of the shares in their respective indices equally weighted, so why the discrepancy, particularly in the global ETF GBDV?
Any experts out there...?