AUGZ vs. DIVZ
AUGZ (TrueShares Structured Outcome (August) ETF) and DIVZ (Opal Dividend Income ETF) are both exchange-traded funds - AUGZ is a Defined Outcome fund tracking the S&P 500 Index, while DIVZ is a Large Cap Value Equities fund actively managed by TrueShares. AUGZ is passively managed, while DIVZ is actively managed. Over the past 5 years, AUGZ returned 10.83%/yr vs 8.36%/yr for DIVZ. A 0.65 correlation means they provide meaningful diversification when combined. AUGZ charges 0.79%/yr vs 0.65%/yr for DIVZ.
Performance
AUGZ vs. DIVZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AUGZ achieves a 8.27% return, which is significantly higher than DIVZ's 3.10% return.
AUGZ
- 1D
- -0.55%
- 1M
- 4.32%
- YTD
- 8.27%
- 6M
- 8.18%
- 1Y
- 20.84%
- 3Y*
- 16.37%
- 5Y*
- 10.83%
- 10Y*
- —
DIVZ
- 1D
- -0.26%
- 1M
- -0.16%
- YTD
- 3.10%
- 6M
- 3.41%
- 1Y
- 10.40%
- 3Y*
- 15.03%
- 5Y*
- 8.36%
- 10Y*
- —
AUGZ vs. DIVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 8.27% | 13.49% | 17.99% | 17.32% | -10.41% | 19.92% |
DIVZ Opal Dividend Income ETF | 3.10% | 16.72% | 18.44% | -0.51% | 3.51% | 19.74% |
Correlation
The correlation between AUGZ and DIVZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021 | 0.65 |
Over the past year, the correlation between AUGZ and DIVZ has dropped to 0.32 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AUGZ vs. DIVZ — Risk / Return Rank
AUGZ
DIVZ
AUGZ vs. DIVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and Opal Dividend Income ETF (DIVZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AUGZ | DIVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.79 | +1.10 |
| Martin ratioReturn relative to average drawdown | 12.46 | 4.44 | +8.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AUGZ | DIVZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.13 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.66 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.89 | +0.20 |
Drawdowns
AUGZ vs. DIVZ - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, roughly equal to the maximum DIVZ drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for AUGZ and DIVZ.
Loading charts...
Drawdown Indicators
| AUGZ | DIVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -15.42% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -5.83% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -9.52% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -15.42% | -0.25% |
Current DrawdownCurrent decline from peak | -0.55% | -4.50% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -3.49% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.35% | -0.67% |
Volatility
AUGZ vs. DIVZ - Volatility Comparison
The current volatility for TrueShares Structured Outcome (August) ETF (AUGZ) is 2.60%, while Opal Dividend Income ETF (DIVZ) has a volatility of 3.33%. This indicates that AUGZ experiences smaller price fluctuations and is considered to be less risky than DIVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AUGZ | DIVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.33% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 7.02% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 9.28% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 12.65% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 12.57% | -0.47% |
AUGZ vs. DIVZ - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is higher than DIVZ's 0.65% expense ratio.
Dividends
AUGZ vs. DIVZ - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.35%, more than DIVZ's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.35% | 3.63% | 4.08% | 3.42% | 0.41% | 0.00% |
DIVZ Opal Dividend Income ETF | 2.60% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% |
Frequently Asked Questions
AUGZ and DIVZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVZ has higher volatility (3.33%) compared to AUGZ (2.60%). In terms of maximum drawdown, AUGZ dropped -15.67% vs DIVZ's -15.42%.
On 5-year performance, AUGZ leads with 10.83% vs 8.36% for DIVZ. On fees, DIVZ is cheaper at 0.65% per year. On volatility, AUGZ has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AUGZ has performed better with a 10.83% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVZ is cheaper with a 0.65% expense ratio, compared with 0.79% for AUGZ.
AUGZ has the higher dividend yield at 3.35%, compared with 2.60% for DIVZ.
AUGZ is categorized as Defined Outcome, while DIVZ is Large Cap Value Equities. Their fees differ too: 0.79% for AUGZ and 0.65% for DIVZ.
AUGZ currently has the higher Sharpe Ratio (2.21 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AUGZ and DIVZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer