DEW vs. DIVZ

Last updated Jun 4, 2026

DEW (WisdomTree Global High Dividend Fund) and DIVZ (Opal Dividend Income ETF) are both Large Cap Value Equities funds. DEW is passively managed, while DIVZ is actively managed. Over the past 5 years, DEW returned 10.67%/yr vs 8.36%/yr for DIVZ. Their correlation of 0.86 suggests significant overlap in exposure. DEW charges 0.58%/yr vs 0.65%/yr for DIVZ.

Performance

DEW vs. DIVZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global High Dividend Fund (DEW) and Opal Dividend Income ETF (DIVZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEW achieves a 11.59% return, which is significantly higher than DIVZ's 3.10% return.

DEW

• 1D: -0.19%
• 1M: 0.84%
• YTD: 11.59%
• 6M: 12.75%
• 1Y: 25.31%
• 3Y*: 18.77%
• 5Y*: 10.67%
• 10Y*: 9.30%

DIVZ

• 1D: -0.26%
• 1M: -0.16%
• YTD: 3.10%
• 6M: 3.41%
• 1Y: 10.40%
• 3Y*: 15.03%
• 5Y*: 8.36%
• 10Y*: —

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

DEW vs. DIVZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DEW WisdomTree Global High Dividend Fund	11.59%	22.39%	11.58%	9.39%	-2.73%	19.96%
DIVZ Opal Dividend Income ETF	3.10%	16.72%	18.44%	-0.51%	3.51%	19.74%

Correlation

The correlation between DEW and DIVZ is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.86

The correlation between DEW and DIVZ shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

DEW vs. DIVZ - Sectors Allocation Comparison

Sectors	DEW	DIVZ
Financial Services	19.7%	8.7%
Energy	14.7%	19.4%
Utilities	10.8%	17.2%
Real Estate	10.8%	-
Healthcare	9.5%	16.0%
Consumer Defensive	8.9%	20.0%
Industrials	4.4%	4.6%
Communication Services	4.1%	5.9%
Consumer Cyclical	3.1%	6.6%
Basic Materials	2.8%	5.7%
Technology	2.5%	8.0%

Return for Risk

DEW vs. DIVZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEW

DEW Risk / Return Rank: 80
DEW Sharpe Ratio Rank: 81
DEW Sortino Ratio Rank: 82
DEW Omega Ratio Rank: 78
DEW Calmar Ratio Rank: 78
DEW Martin Ratio Rank: 80

DIVZ

DIVZ Risk / Return Rank: 31
DIVZ Sharpe Ratio Rank: 30
DIVZ Sortino Ratio Rank: 31
DIVZ Omega Ratio Rank: 28
DIVZ Calmar Ratio Rank: 36
DIVZ Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DEW vs. DIVZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global High Dividend Fund (DEW) 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.

	DEW	DIVZ	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.13	+1.52
Sortino ratio: Return per unit of downside risk	3.70	1.67	+2.03
Omega ratio: Gain probability vs. loss probability	1.47	1.19	+0.28
Calmar ratio: Return relative to maximum drawdown	4.01	1.79	+2.22
Martin ratio: Return relative to average drawdown	15.80	4.44	+11.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEW vs. DIVZ - Sharpe Ratio Comparison

The current DEW Sharpe Ratio is 2.64, which is higher than the DIVZ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of DEW and DIVZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DEW	DIVZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	1.13	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.66	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.89	-0.61

Drawdowns

DEW vs. DIVZ - Drawdown Comparison

The maximum DEW drawdown since its inception was -65.55%, which is greater than DIVZ's maximum drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for DEW and DIVZ.

Drawdown Indicators

	DEW	DIVZ	Difference
Max Drawdown Largest peak-to-trough decline	-65.55%	-15.42%	-50.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-5.83%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-11.80%	-9.52%	-2.28%
Max Drawdown (5Y) Largest decline over 5 years	-18.86%	-15.42%	-3.44%
Max Drawdown (10Y) Largest decline over 10 years	-38.77%	—	—
Current Drawdown Current decline from peak	-1.29%	-4.50%	+3.21%
Average Drawdown Average peak-to-trough decline	-12.44%	-3.49%	-8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.35%	-0.74%

Volatility

DEW vs. DIVZ - Volatility Comparison

The current volatility for WisdomTree Global High Dividend Fund (DEW) is 2.79%, while Opal Dividend Income ETF (DIVZ) has a volatility of 3.33%. This indicates that DEW 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.

Volatility by Period

	DEW	DIVZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.33%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	7.02%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	9.61%	9.28%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	12.65%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	12.57%	+2.96%

DEW vs. DIVZ - Expense Ratio Comparison

DEW has a 0.58% expense ratio, which is lower than DIVZ's 0.65% expense ratio.

Dividends

DEW vs. DIVZ - Dividend Comparison

DEW's dividend yield for the trailing twelve months is around 3.22%, more than DIVZ's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEW WisdomTree Global High Dividend Fund	3.22%	3.71%	4.02%	4.55%	3.82%	3.55%	4.10%	3.74%	4.17%	3.18%	3.42%	4.32%
DIVZ Opal Dividend Income ETF	2.60%	2.60%	2.63%	3.66%	3.23%	3.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEW and DIVZ in my portfolio?

DEW and DIVZ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEW or DIVZ?

DIVZ has higher volatility (3.33%) compared to DEW (2.79%). In terms of maximum drawdown, DEW dropped -65.55% vs DIVZ's -15.42%.

Which ETF is better, DEW or DIVZ?

On 5-year performance, DEW leads with 10.67% vs 8.36% for DIVZ. On fees, DEW is cheaper at 0.58% per year. On volatility, DEW has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEW or DIVZ?

Over the 5-year period, DEW has performed better with a 10.67% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEW or DIVZ?

DEW is cheaper with a 0.58% expense ratio, compared with 0.65% for DIVZ.

Which ETF pays a higher dividend yield, DEW or DIVZ?

DEW has the higher dividend yield at 3.22%, compared with 2.60% for DIVZ.

What is the main difference between DEW and DIVZ?

They also come from different issuers: WisdomTree and TrueShares. Their fees differ too: 0.58% for DEW and 0.65% for DIVZ.

Which has better risk-adjusted returns?

DEW currently has the higher Sharpe Ratio (2.64 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.