---
title: "The market is gradually focusing on high-performance, dividend, and low-volatility certainty directions, and the S&P Dividend ETF is consolidating after a pullback"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233811759.md"
description: "As of the midday on March 31, the S&P Dividend ETF fell by 1.28%, with a transaction volume of 20.2371 million yuan. The performance of constituent stocks varied, with Aopu rising and Quartz Co., Ltd. falling. Industrial Securities pointed out that the market will enter a phase of style confusion, but as the April earnings season approaches, the market is gradually focusing on high-performing, dividend, and low-volatility certainty directions"
datetime: "2025-03-31T03:46:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233811759.md)
  - [en](https://longbridge.com/en/news/233811759.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233811759.md)
---

# The market is gradually focusing on high-performance, dividend, and low-volatility certainty directions, and the S&P Dividend ETF is consolidating after a pullback

As of noon on March 31, the S&P Dividend ETF fell by 1.28%, with a transaction volume of 20.2371 million yuan. The constituent stocks showed mixed performance; on the upside, Aopu led the gains, while on the downside, Quartz led the losses. Industrial Securities stated that from mid-March to early April, the market will gradually enter a phase characterized by more chaotic styles and a lack of clear main lines. It is precisely due to the existence of this "calendar effect" that the recent rapid industry rotation seems elusive, but from another perspective, observing from the angle of performance correlation and style factors, it actually hides a "dark line" where the market is gradually focusing on certainty directions such as performance, dividends, and low volatility as the April performance period approaches

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