ETF Opportunities ETF (DVDN) Valuation
DVDN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 9.7 trailing earnings
- Forward P/E
- 6.0 analyst estimates
- Price / sales
- 3.37
- Price / book
- 0.78
- EV / EBITDA
- 11.3
- Earnings yield
- 10.30% inverse of P/E
- Dividend yield
- 16.00% of the holdings
- Return on equity
- 8.0% combined
- Net margin
- 34.7% combined
- Beta
- 1.10 weighted, vs S&P 500
DVDN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DVDN | 9.7 | 6.0 | 3.37 | 0.78 | 16.00% | 8.0% | 34.7% | 8.8% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
DVDN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 45.4% | 5.7 | 5.2 | 3.64 | 0.81 | 15.25% | 14.2% |
| Financial Services | 37.1% | n/m | 7.1 | 3.04 | 0.73 | 17.08% | −0.1% |
DVDN earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How DVDN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DVDN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HTGC | Hercules Capital, Inc. | 8.30% | 8.1 | 8.6 | 5.4 | 11.48% | 12.89% |
| LADR | Ladder Capital Corp | 7.98% | 11.4 | 2.4 | 4.2 | 10.10% | 8.86% |
| NREF | NexPoint Real Estate Finance, Inc. | 7.19% | 6.7 | — | 2.3 | 12.97% | 13.50% |
| AAYA | ANNALY CAP.MGMT DL -01 | 7.07% | — | — | — | — | — |
| AGNC | AGNC Investment Corp. | 6.91% | 4.4 | 6.6 | 4.3 | 16.51% | 19.62% |
| NRZ | New Residential Investment Corp | 6.87% | — | — | — | — | — |
| EARN | Ellington Residential Mortgage REIT | 6.77% | — | 5.8 | 3.3 | 27.75% | −25.47% |
| DX | Dynex Capital, Inc. | 6.64% | 3.8 | 7.9 | 5.4 | 18.66% | 22.21% |
| EFC | Ellington Financial Inc. | 6.52% | 7.2 | 9.1 | 3.5 | 13.39% | 11.38% |
| RWAY_old | RWAY | 5.66% | — | — | — | — | — |
| TRTX | TPG RE Finance Trust, Inc. | 5.52% | 10.5 | 11.1 | 3.4 | 16.58% | 6.62% |
| ARR | ARMOUR Residential REIT, Inc. | 4.67% | 3.3 | 5.1 | 3.8 | 21.82% | 18.17% |
| PNNT | PennantPark Investment Corporation | 4.67% | 20.3 | 6.0 | 1.9 | 15.79% | 2.91% |
| 7M20 | INVESCO MORTGA.CAP.DL-01 | 4.61% | — | — | — | — | — |
| KBDC | Kayne Anderson BDC, Inc. | 4.02% | 11.4 | 8.4 | 10.5 | 12.87% | 4.46% |
| OTF | Blue Owl Technology Finance Corp. | 3.92% | 11.4 | 7.4 | 3.2 | 15.33% | 4.35% |
| CION | CION Investment Corporation | 3.72% | 94.1 | 7.6 | 1.4 | 18.21% | 0.50% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About DVDN valuation
Adding up its 13 holdings with company data, DVDN trades at 9.7 times trailing earnings and 6.0 times analysts' forward estimates, with a price-to-book ratio of 0.78 and a dividend yield of 16.00%. Its earnings yield of 10.30% is 4.97 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 69.9% of the fund and earn 90.7% of its combined profit. Companies that lost money over the past year are 8.8% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 76.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DVDN chart, DVDN performance, DVDN holdings, DVDN dividends.
DVDN valuation FAQ
What is the P/E ratio of DVDN?
Based on its holdings, DVDN has a trailing P/E of 9.7 and a forward P/E of 6.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DVDN?
The trailing earnings yield is 10.30% (1 ÷ P/E) and the forward earnings yield 16.78%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DVDN more expensive than the S&P 500?
DVDN trades at 9.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 6.0 and 19.9.
What is the price-to-book ratio of DVDN?
The holdings of DVDN trade at 0.78 times book value, with a combined return on equity of 8.0%.