So far this year investors have poured billions into high dividend strategy exchange-traded funds yet almost all the big dividend ETFs have underperformed the market, even after includingreinvesteddividends.
By my calculations, a 12% annual total return (including reinvesteddividends) for the 10 years between March 2009 and March 2019 would leave the SPY at around 200, compared with a current price of about 154.
They add up the price you paid for all your shares, including those bought with reinvesteddividends and capital gains distributions, and divide by the number of shares you own.