June started off mixed with the Dow in the green, while the S&P 500 and the Nasdaq gave up early morning gains to trade lower. Reopening enthusiasm is the name of the game here, as Memorial Day weekend was full of fans attending sporting events, people congregating without masks, and general enthusiasm. More than half of the U.S. population has now received at least one dose of a covid vaccine, according to the CDC. As you might expect, energy stocks, cruise operators, and other related industries were well in the green after a month in May where the small-cap Russell 2000 posted its eight positive month in a row, the longest streak since 1995. Q.ai’s deep learning algorithms have identified several top US Dividend Smart Beta ETFs based on fund flows over the last 90-days, 30-days, and 7-days. We have recognized 1 ETF rated as “Best” and another 5 rated as “Good,” and 4 rated as “Caution.”
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Best
WisdomTree U.S. MidCap Dividend Fund (DON)
The WisdomTree U.S. MidCap Dividend Fund DON is the only US Dividend Smart Beta ETF rated as “Best” this week. The ETF’s goal is to gain exposure to core U.S. mid cap equity from a broad range of dividend paying companies. The ETF is on the smaller side with $2,974,184,002.52 AUM. It has also seen mixed fund flows, with a 90-day fund flow of -$13,417,638.35, 30-day fund flow of $2,159,389.55, and 1-week fund flow of $2,159,389.55. Its net expense ratio is on the higher side at 0.38%.
Good
WisdomTree U.S. SmallCap Dividend Fund (DES)
The WisdomTree U.S. SmallCap Dividend Fund DES is the first of five “Good” rated ETFs this week. The ETF seeks to track the investment results of dividend-paying small-cap companies in the U.S. equity market. The ETF is also on the smaller size with $1,873,500,910.85 AUM. It has also seen mixed fund flows, with a 90-day fund flow of -$2,742,037.50, and a 30-day fund flow of $1,655,119.20. Its net expense ratio of 0.38% matches the other WisdomTree ETF, but remains more expensive than many other ETFs on this week’s list.
FlexShares Quality Dividend Dynamic Index Fund (QDYN)
The FlexShares Quality Dividend Dynamic Index Fund QDYN is our second Good-rated ETF this week. The ETF is for those looking to seek to maximize exposure to U.S. quality companies, and corresponds generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Dynamic Index. The ETF is small as well, with $20,238,772.82 AUM. It has seen positive fund flows over the last 90 days of $2,764,865.00. Its net expense ratio of 0.37% is also on the more expensive side.
Invesco S&P Ultra Dividend Revenue ETF (RDIV)
The next ETF on our list of Good-rated is the Invesco S&P Ultra Dividend Revenue ETF RDIV . The ETF aims to track the performance of the S&P 900® Dividend Revenue-Weighted Index. The ETF is one of the smaller ones this week with $719,424,442.10 AUM. It has also seen mixed fund flows, with a 90-day fund flow of $45,915,992.20, 30-day fund flow of $26,742,883.10, and 1-week fund flow of -$2,988,997.20. Its net expense ratio of 0.39% is pricier than other ETFs on this week’s list.
ProShares S&P 500 Aristocrats ETF (NOBL)
The ProShares S&P 500 Aristocrats ETF NOBL is our fourth Good-rated ETF this week. The objective of the ETF is to track the performance of the S&P 500 Dividend Aristocrats Index. The ETF is medium sized on this week’s list with $8,040,132,537.87 AUM. It has also seen primarily positive fund flows, with a 90-day fund flow of $437,148,775.00, 30-day fund flow of $156,000,240.00, and 1-week fund flow of $36,722,760.00. Its net expense ratio of 0.35% is in line with other pricier ETFs on this week’s list.
SPDR S&P Dividend ETF (SDY)
The SPDR S&P Dividend ETF SDY our final Good-rated ETF this week. This ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P High Yield Dividend Aristocrats Index. With $18,908,864,298.22 AUM, it is one of the larger ETFs on this week’s list. Its fund flows have been mixed with a 90-day fund flow of $491,153,752.60 and a 30-day fund flow of -$1,346,515,110.35. With a net expense ratio of 0.35%, it is similar to the other ETFs mentioned so far.
Caution
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
The First Trust NASDAQ Technology Dividend Index Fund TDIV is our first U.S. Dividend Smart Beta ETF rated Caution this week. This ETF seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Technology Dividend Index. It is also small sized in terms of AUM with $1,538,811,434.12 AUM. Its fund flows have been primarily positive, with a 90-day fund flow of $27,587,310.50 and a 30-day fund flow of $8,342,139.00. With a net expense ratio of 0.5%, it is the most expensive on our list today.
Schwab US Dividend Equity ETF (SCHD)
The next Caution-rated ETF for this week is the Schwab US Dividend Equity ETF SCHD . This ETF goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index. It is one of the largest ETFs this week in terms of AUM with $22,101,396,499.76 AUM. Its fund flows have been consistently positive, with a 90-day fund flow of $4,224,404,693.90, 30-day fund flow of $1,055,723,399.45, and 1-week fund flow of $222,484,381.25. With a net expense ratio of 0.07%, it is also very inexpensive.
Vanguard Dividend Appreciation ETF (VIG)
The next Caution-rated ETF is the Vanguard Dividend Appreciation ETF VIG . The goal of this ETF is to track the performance of the NASDAQ US Dividend Achievers Select Index. With $57,822,986,512.08, it is the largest ETF on this week’s list. Its fund flows have been consistently positive with a 90-day fund flow of $1,312,415,171.28, 30-day fund flow of $175,371,537.07, and 1-week fund flow of $1,064,907.79. With a net expense ratio of 0.08%, it is also very cheap.
iShares Core Dividend Growth ETF (DGRO)
The iShares Core Dividend Growth ETF DGRO is our final Caution-rated ETF this week. This ETF offers low-cost exposure to U.S. stocks focused on dividend growth. With $18,030,349,477.60 in AUM, it is one of the larger-sized ETFs on this week’s list. Its fund flows have been positive with a 90-day fund flow of $1,231,822,960.00, 30-day fund flow of $250,736,980.00, and 1-week fund flow of $35,464,825.00. With a net expense ratio of 0.08%, it is very cheap to own.
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