- ISIN
- US53656F4744
- Issuer
- TrueShares
- Inception Date
- Jan 27, 2021
- Region
- Global (Broad)
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $268M
Share Price Chart
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Performance
DIVZ Performance Chart
Opal Dividend Income ETF (DIVZ) is up 3.7% since the beginning of the year. DIVZ is currently trading at $37 per share. Investors who bought $1,000 worth of DIVZ shares 5 years ago would now be looking at an investment worth $1,558.
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Returns By Period
Opal Dividend Income ETF (DIVZ) has returned 3.70% so far this year and 11.58% over the past 12 months.
Opal Dividend Income ETF
- 1D
- 0.13%
- 1M
- -2.53%
- YTD
- 3.70%
- 6M
- 3.95%
- 1Y
- 11.58%
- 3Y*
- 15.08%
- 5Y*
- 9.27%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DIVZ Monthly Returns History
Based on dividend-adjusted daily data since Jan 28, 2021, DIVZ's average daily return is +0.04%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Oct 2022 with a return of +12.4%, while the worst month was Sep 2022 at -9.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DIVZ closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +4.1%, while the worst single day was Apr 4, 2025 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.83% | 3.98% | -4.56% | 1.78% | -1.02% | -0.11% | 3.70% | ||||||
| 2025 | 3.75% | 3.18% | -0.27% | -1.65% | 3.27% | 2.31% | 1.22% | 2.24% | 0.97% | -3.42% | 4.41% | -0.15% | 16.72% |
| 2024 | 0.07% | 1.13% | 6.52% | -1.65% | 4.29% | -0.60% | 5.16% | 2.90% | 1.62% | -0.47% | 4.82% | -6.08% | 18.44% |
| 2023 | 1.48% | -3.24% | -1.68% | 1.48% | -6.70% | 5.40% | 3.25% | -2.88% | -3.14% | -2.16% | 5.28% | 3.22% | -0.51% |
| 2022 | 2.80% | 0.87% | 2.14% | -5.09% | 6.20% | -7.95% | 3.93% | -1.48% | -8.96% | 12.37% | 3.17% | -2.53% | 3.51% |
| 2021 | -2.21% | 3.01% | 8.07% | 2.14% | 3.99% | -1.79% | 0.15% | 2.43% | -4.24% | 3.70% | -3.14% | 6.22% | 19.03% |
Benchmark Metrics
Opal Dividend Income ETF has an annualized alpha of 3.70%, beta of 0.54, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since January 28, 2021.
- This ETF participated in 64.93% of S&P 500 Index downside but only 64.46% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 3.70% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.54 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.70%
- Beta
- 0.54
- R²
- 0.51
- Upside Capture
- 64.46%
- Downside Capture
- 64.93%
Expense Ratio
DIVZ has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DIVZ ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.78 | -0.79 |
| Martin ratioReturn relative to average drawdown | 4.75 | 12.44 | -7.69 |
Dividends
Dividend History
Opal Dividend Income ETF provided a 2.58% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.95 | $0.84 | $1.02 | $0.93 | $1.11 |
Dividend yield | 2.58% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Opal Dividend Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.12 | $0.09 | $0.06 | $0.09 | $0.00 | $0.39 | ||||||
| 2025 | $0.04 | $0.11 | $0.04 | $0.08 | $0.10 | $0.10 | $0.07 | $0.09 | $0.04 | $0.08 | $0.10 | $0.08 | $0.95 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.02 | $0.09 | $0.06 | $0.08 | $0.11 | $0.04 | $0.08 | $0.13 | $0.09 | $0.84 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.39 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.26 | $0.93 |
| 2021 | $0.07 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.67 | $1.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Opal Dividend Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Opal Dividend Income ETF was 15.42%, occurring on Sep 30, 2022. Recovery took 368 trading sessions.
The current Opal Dividend Income ETF drawdown is 3.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.42%Sep 2022 | 3mo 24d | 1y 5mo | 1y 9moJun 2022 - Mar 2024 |
2025 selloff2025 | -8.98%Apr 2025 | 1mo 5d | 1mo 8d | 2mo 13dMar 2025 - May 2025 |
2025 pullback2025 | -7.25%Jan 2025 | 1mo 9d | 1mo 4d | 2mo 13dDec 2024 - Feb 2025 |
Bear market2022 | -6.77%Apr 2022 | 8d | 1mo 9d | 1mo 17dApr 2022 - Jun 2022 |
2021 pullback2021 | -5.96%Dec 2021 | 1mo 7d | 26d | 2mo 3dOct 2021 - Dec 2021 |
Drawdown Indicators
| DIVZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -56.78% | +41.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -9.10% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -9.52% | -18.90% | +9.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -25.43% | +10.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.95% | -1.80% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -10.71% | +7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 2.03% | +0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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