You are right it may never reverse.
It’s just that the (reasons for) outperformance is difficult to assess, since it’s not systematic, and has not existed for years.
Unless, of course, you mostly care about the cash flow paid out by your portfolio.
My current (dividend growth) holdings would have paid out 16% less in dividends in 2009 (vs. 2008), 3% more in 2010 (vs. 2009) and only surpassed the 2008 dividends again in 2011 (3.9% higher than in 2008).
In contrast, the valuation of said custody account tanked a little over 52% from peak in June 2007 to trough in March 2009 and took until May 2013 (six years!) to return to its June 2007 valuation.
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Dividends are irrelevant.
What are the numbers of VHYL? I have proven myself being incompetent at (enjoying) managing stocks.
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Chat gpt unverified sh*t:
Because VHYL didn’t exist yet, we can use the FTSE All-World High Dividend Yield Index (its benchmark) or a close historical proxy — like the MSCI World High Dividend Yield Index or Dow
Jones Global Select Dividend Index
Edit:
And the nav, absolutely love year 2007.5 and how artificial real dummy plots stuff
Couldn’t find VHYL on DivvyDiary, but VHYD seemed close enough. Seems to have had its inception in May 2013 only.
Great example of how high yield and dividend growth strategies (can) differ.
VHYD’s 2014[1] dividend was $1.98, its 2024 dividend was $2.09.
+5.56% total (over 11 years), +0.51% average p.a., +0.49% CAGR.
Goofy’s dividend growth portfolio produced, let’s called it 74 cents of cash flow in 2014 and about a dollar and 29 cents in 2024.
+74% total (over 11 years), +6.73% average p.a., +5.16% CAGR.
1 First full year for VHYD.
So dgrw or fusd for ucits lover is the way to go?
Sorry this is going off topic but dividend GROWTH ETF are not often discussed I think.
I’m actually blissfully ignorant in the space of dividend growth ETFs, but given there’s now more ETFs than atoms in the universe there must be some specializing in dividend growth.*
* For a small fee, of course.
Great, I have got a new single stock ETF. NVDA.
It looks like nvidia is (also) quality, income,
income growth, and soon, value investing (porn related).
Also an edge for inflation.
Avoid stupidity. Buy NVDA. On margin.
Edit: that’s because I see it top 1 of whatever diversifier ETF we’re talking about.
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You could even buy it as a 2x leveraged ETF (NVDL) or 3x leveraged ETP (NVD3).
I would invest in the yachts industry. Those fund managers aren’t going out of management fees to buy them anytime soon. The clients, of course, may still have to wait a bit.
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This is not the whole sentence, don’t fall into the trap of the mouthbreathers on reddit who just parrot and can’t complete the sentence!
The full sentence of this hypothesis is that, under a mountain of assumptions, dividends are irrelevant to stock valuation.
SCHD appears to be the best-focused dividend growth ETF, that and DGRO. FUSD I held for more than a year, gave subpar performance vs the S&P500 and hasn’t grown its dividend in years, so I ditched it for SCHD…Which also has worse performance than the S&P500 but I plan to keep forever because dividends are the biggliest and bestest BF4Es 
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I was eager to talk write about the topic, I just needed a short introduction to get attention.
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SCHD tracks the mechanical index “U.S. Dividend 100”. The exact mechanics you can find here:
Dow Jones Dividend Indices Methodology | S&P Dow Jones Indices
Dividend growth is indeed a parameter, as are valuation and cash flow.
I guess volatility is lower than other indices and the dividend would pay for the interest, so this would be a candidate to leverage your investments and then get probably even better risk adjusted returns than with another non-leveraged index ETF.
Better use the monkey brain thread not to upset some of our colleagues.
@cubanpete_the_swiss yes, I’ve looked into it in detail and love the mechanics. US large cap value/quality, it’s time will come soon enough. Has essentially zero overlap with QQQ and tends to move inversely. Feel SCHD+(T)QQQ is better than the S&P500, get most of the wheat this way. But my brain is, like the rest of youz, basically that of a hairless ape.
SCHD indeed looks nice for dividend growth. If I ever get tired of picking stocks for a growing income, I’ll just resort to SCHD.
It essentially tripled its dividend in 10 years. I guess it demonstrates the merits of a mechanical approach.
You talkin’ to me?
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Beside SCHD, one can diversify with taking SCHY into account. Pretty „new“, but nice TER.
The only thing I‘m not sure about is the efficiency.
Thanks. SCHD I’ve heard of before even though I don’t own it, but I hadn’t heard of SCHY. Both look interesting. Maybe when I retire, I’ll just park my retirement funds into ETFs like these and never look at stocks again! 
A bit off topic but TDIV looks great, I wonder why there is so little traction about it in this forum ?
Never heard of it before. I guess it is small.
Looking at holdings, there’s quite a crossover with my portfolio.
Just ETF data,
Fund size EUR 3,606 m,
fund is EUR and I guess distributing EUR,
it’s traded in CHF on SIX though.
It has some volume.
NL looks alright concerning WHT (not as good as US but as IE?).