Is First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) a Strong ETF Right Now?

SDVY is a smart beta ETF focusing on small and mid-cap dividend achievers with $11.36 billion in assets. However, its 0.58% expense ratio is relatively high compared to alternatives like IWS (0.23%) and VOE (0.05%). The fund has delivered 12.08% YTD and 13.76% one-year returns with a beta of 1.00, but investors seeking lower costs may prefer traditional market cap-weighted alternatives.