The competition among ETF issuers to find a new way to squeeze the most income out of stock portfolios expanded again on Tuesday, with a new fund from Pacer that aims to deliver amplified dividends. The firm launched the Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF , a sister fund to the US Large Cap Dividend Multiplier 400 ETF that has grown to more than $500 million in assets since its launch in 2021.
Over the past three years, QDPL has outperformed several popular dividend-focused funds, including the ProShares S & P 500 Dividend Aristocrats ETF and Schwab US Dividend Equity ETF on a total return basis, according to FactSet. However, it has underperformed the Vanguard Dividend Appreciation ETF . Dividend futures are based on indexes that track the total dividends paid over the course of the year for a group of stocks, designated as "points" by S & P Dow Jones Indices.