
The Fund seeks to provide investment results that track the performance of the Nasdaq Victory Dividend Accelerator Index before fees and expenses. The Fund invests at least 80% of its net assets in securities included in the Index and will identify dividend paying stocks with a higher likelihood of future dividend growth.
Is VSDA's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

VictoryShares Dividend Accelerator ETF delivers strong dividend growth, with a 3-year CAGR of 18.5% and a defensive sector tilt. VSDA's 0.35% expense ratio creates a 3–4% drag over 10 years, challenging its value versus lower-cost alternatives like VIG and VDC. The fund's defensive holdings provide downside protection but limit upside in growth markets, and liquidity is lower than peers.

VictoryShares Dividend Accelerator ETF (VSDA) offers a defensive, dividend growth-focused portfolio with a pronounced overweight in consumer staples and mid-cap stocks. VSDA trades at a 26% P/E discount to the Russell 1000, with a 2.5% yield and the highest dividend growth rate among peers, exceeding 15%. The fund underperforms peers and the Russell 1000 on total returns, reflecting its limited technology exposure and defensive sector allocation.

The VictoryShares Dividend Accelerator ETF earns a solid 'hold' rating due to its strong dividend growth and earnings risk features. This article demonstrates why it's superior to NOBL and SDY. In addition to better total returns, VSDA has excellent from a risk-adjusted returns and drawdowns perspective, with its ten-year net income stability as the likely source. However, VSDA is overweight Consumer Staples (33%) and underweight Technology (3%), which leads to concerns about its underlying holdings' earnings growth and momentum statistics.

VictoryShares Dividend Accelerator ETF warrants a sell rating due to weak growth prospects among its top holdings, risking future dividend growth. VSDA's top holdings, including Altria, T. Rowe Price, and Franklin Resources, face stagnating revenues, high payout ratios, and competitive pressures. Compared to peers, like VIG and DGRW, the fund lags in total returns, dividend sustainability, and long-term capital appreciation potential.

VictoryShares Dividend Accelerator ETF markets itself as a dividend growth ETF, but the underlying holdings show little to no earnings growth. Many of the ETF's top stocks face stagnating or negative earnings growth trends and increasing dividend payout ratios. VSDA's monthly payouts may mask weak fundamentals and declining dividend safety, but I'm not buying it.