Yield Hunters Struggle

Those that have owned the Dow Jones Dividend Select ETF (DVY) over the last year know that dividend stocks have severely underperformed the overall market.  Below we highlight a chart comparing the price change of SPY and DVY since the start of 2006.  As shown, the two traded pretty much inline with each other until the credit crisis hit dividend-paying financial stocks last summer.  Investors looking for a nice yielding dividend ETF have gotten anything but that over the past year with DVY.