DANA vs. DIVE

Last updated Jun 4, 2026

DANA (Dana Limited Volatility ETF) and DIVE (Dana Concentrated Dividend ETF) are both exchange-traded funds - DANA is a Short-Term Bond fund actively managed by Dana, while DIVE is a Dividend fund actively managed by Dana. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. DANA charges 0.35%/yr vs 0.65%/yr for DIVE.

Performance

DANA vs. DIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dana Limited Volatility ETF (DANA) and Dana Concentrated Dividend ETF (DIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DANA having a 0.37% return and DIVE slightly higher at 0.38%.

DANA

• 1D: -0.20%
• 1M: 0.21%
• YTD: 0.37%
• 6M: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVE

• 1D: -0.22%
• 1M: -1.09%
• YTD: 0.38%
• 6M: 1.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DANA vs. DIVE - Yearly Performance Comparison

	2026 (YTD)	2025
DANA Dana Limited Volatility ETF	0.37%	0.81%
DIVE Dana Concentrated Dividend ETF	0.38%	1.41%

Correlation

The correlation between DANA and DIVE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.21

Return for Risk

DANA vs. DIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dana Limited Volatility ETF (DANA) and Dana Concentrated Dividend ETF (DIVE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DANA	DIVE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.28	+0.55

Drawdowns

DANA vs. DIVE - Drawdown Comparison

The maximum DANA drawdown since its inception was -1.04%, smaller than the maximum DIVE drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for DANA and DIVE.

Drawdown Indicators

	DANA	DIVE	Difference
Max Drawdown Largest peak-to-trough decline	-1.04%	-11.45%	+10.41%
Current Drawdown Current decline from peak	-0.53%	-4.35%	+3.82%
Average Drawdown Average peak-to-trough decline	-0.52%	-3.11%	+2.59%

Volatility

Volatility by Period

	DANA	DIVE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	12.93%	-10.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.92%	12.93%	-10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.92%	12.93%	-10.01%

DANA vs. DIVE - Expense Ratio Comparison

DANA has a 0.35% expense ratio, which is lower than DIVE's 0.65% expense ratio.

Dividends

DANA vs. DIVE - Dividend Comparison

DANA's dividend yield for the trailing twelve months is around 1.46%, more than DIVE's 0.98% yield.

Position	TTM	2025
DANA Dana Limited Volatility ETF	1.46%	0.29%
DIVE Dana Concentrated Dividend ETF	0.98%	0.66%

Frequently Asked Questions

Can I hold both DANA and DIVE in my portfolio?

DANA and DIVE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DANA or DIVE?

On fees, DANA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DANA or DIVE?

DANA is cheaper with a 0.35% expense ratio, compared with 0.65% for DIVE.

Which ETF pays a higher dividend yield, DANA or DIVE?

DANA has the higher dividend yield at 1.46%, compared with 0.98% for DIVE.

What is the main difference between DANA and DIVE?

DANA is categorized as Short-Term Bond, while DIVE is Dividend. Their fees differ too: 0.35% for DANA and 0.65% for DIVE.