DIVB vs. HIGH

Last updated Aug 2, 2026

DIVB (iShares Core Dividend ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index, while HIGH is a Derivative Income fund actively managed by Simplify. DIVB is passively managed, while HIGH is actively managed. Over the past 3 years, DIVB returned 21.50%/yr vs 2.43%/yr for HIGH. Their 0.27 correlation means their historical movements had little consistent relationship. DIVB charges 0.05%/yr vs 0.50%/yr for HIGH.

Performance

DIVB vs. HIGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend ETF (DIVB) and Simplify Enhanced Income ETF (HIGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVB achieves a 25.34% return, which is significantly higher than HIGH's -1.00% return.

DIVB

• 1D: 0.26%
• 1M: 3.88%
• 6M: 20.82%
• YTD: 25.34%
• 1Y: 36.31%
• 3Y*: 21.50%
• 5Y*: 13.37%
• 10Y*: —
• ALL TIME*: 14.50%

HIGH

• 1D: 0.30%
• 1M: -0.44%
• 6M: -0.14%
• YTD: -1.00%
• 1Y: -1.25%
• 3Y*: 2.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVB iShares Core Dividend ETF	$13.36M	$10.66M	$7.75M
HIGH Simplify Enhanced Income ETF	$264.89K	$245.02K	$537.34K

DIVB vs. HIGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DIVB iShares Core Dividend ETF	25.34%	15.09%	18.59%	13.27%	3.44%
HIGH Simplify Enhanced Income ETF	-1.00%	4.35%	1.52%	7.70%	0.47%

Correlation

The correlation between DIVB and HIGH is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.27

Return for Risk

DIVB vs. HIGH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVB

DIVB Risk / Return Rank: 95
DIVB Sharpe Ratio Rank: 95
DIVB Sortino Ratio Rank: 95
DIVB Omega Ratio Rank: 94
DIVB Calmar Ratio Rank: 95
DIVB Martin Ratio Rank: 94

HIGH

HIGH Risk / Return Rank: 8
HIGH Sharpe Ratio Rank: 8
HIGH Sortino Ratio Rank: 7
HIGH Omega Ratio Rank: 7
HIGH Calmar Ratio Rank: 8
HIGH Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVB vs. HIGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend ETF (DIVB) and Simplify Enhanced Income ETF (HIGH). 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.

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.

	DIVB	HIGH	Difference
Sharpe ratio: Return per unit of total volatility	2.80	-0.21	+3.01
Sortino ratio: Return per unit of downside risk	3.94	-0.26	+4.20
Omega ratio: Gain probability vs. loss probability	1.51	0.97	+0.54
Calmar ratio: Return relative to maximum drawdown	5.11	-0.21	+5.33
Martin ratio: Return relative to average drawdown	17.69	-0.34	+18.03

DIVB vs. HIGH - Sharpe Ratio Comparison

The current DIVB Sharpe Ratio is 2.80, which is higher than the HIGH Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of DIVB and HIGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVB vs. HIGH - Drawdown Comparison

The maximum DIVB drawdown since its inception was -36.93%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for DIVB and HIGH.

Drawdown Indicators

	DIVB	HIGH	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-9.50%	-27.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-7.08%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-9.50%	-5.95%
Max Drawdown (5Y) Largest decline over 5 years	-21.08%	—	—
Current Drawdown Current decline from peak	-1.26%	-7.69%	+6.43%
Average Drawdown Average peak-to-trough decline	-4.92%	-2.59%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	4.46%	-2.49%

Volatility

DIVB vs. HIGH - Volatility Comparison

iShares Core Dividend ETF (DIVB) has a higher volatility of 5.32% compared to Simplify Enhanced Income ETF (HIGH) at 2.16%. This indicates that DIVB's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVB	HIGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	2.16%	+3.16%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	3.90%	+5.93%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	7.23%	+5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	9.46%	+5.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	9.46%	+8.89%

DIVB vs. HIGH - Expense Ratio Comparison

DIVB has a 0.05% expense ratio, which is lower than HIGH's 0.50% expense ratio.

Dividends

DIVB vs. HIGH - Dividend Comparison

DIVB's dividend yield for the trailing twelve months is around 2.12%, less than HIGH's 6.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVB iShares Core Dividend ETF	2.12%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%
HIGH Simplify Enhanced Income ETF	6.88%	7.71%	8.34%	9.40%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVB and HIGH in my portfolio?

DIVB and HIGH have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVB or HIGH?

DIVB has higher volatility (5.32%) compared to HIGH (2.16%). In terms of maximum drawdown, DIVB dropped -36.93% vs HIGH's -9.50%.

Which ETF is better, DIVB or HIGH?

On 3-year performance, DIVB leads with 21.50% vs 2.43% for HIGH. On fees, DIVB is cheaper at 0.05% per year. On volatility, HIGH has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVB or HIGH?

Over the 3-year period, DIVB has performed better with a 21.50% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVB or HIGH?

DIVB is cheaper with a 0.05% expense ratio, compared with 0.50% for HIGH.

Which ETF pays a higher dividend yield, DIVB or HIGH?

HIGH has the higher dividend yield at 6.88%, compared with 2.12% for DIVB.

What is the main difference between DIVB and HIGH?

DIVB is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.05% for DIVB and 0.50% for HIGH.

Which has better risk-adjusted returns?

DIVB currently has the higher Sharpe Ratio (2.80 vs -0.21), 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.