DIVI vs. PFX

Last updated Jun 24, 2026

DIVI (Franklin International Core Dividend Tilt Index ETF) is Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index, while PFX (PhenixFIN Corporation) is a stock. Over the past 10 years, DIVI returned 11.73%/yr vs -7.02%/yr for PFX. At a 0.11 correlation, their price movements are largely independent.

Performance

DIVI vs. PFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Core Dividend Tilt Index ETF (DIVI) and PhenixFIN Corporation (PFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVI achieves a 10.71% return, which is significantly higher than PFX's -1.59% return. Over the past 10 years, DIVI has outperformed PFX with an annualized return of 11.73%, while PFX has yielded a comparatively lower -7.02% annualized return.

DIVI

• 1D: -2.01%
• 1M: -0.05%
• YTD: 10.71%
• 6M: 10.37%
• 1Y: 26.90%
• 3Y*: 18.25%
• 5Y*: 13.30%
• 10Y*: 11.73%

PFX

• 1D: 0.00%
• 1M: -2.47%
• YTD: -1.59%
• 6M: -4.09%
• 1Y: -12.65%
• 3Y*: 6.86%
• 5Y*: 1.94%
• 10Y*: -7.02%

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

DIVI vs. PFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVI Franklin International Core Dividend Tilt Index ETF	10.71%	34.86%	1.77%	18.97%	-1.21%	16.95%	1.29%	22.98%	-6.73%	13.65%
PFX PhenixFIN Corporation	-1.59%	-10.14%	23.30%	36.06%	-25.52%	47.74%	-35.07%	-14.53%	-42.50%	-22.50%

Correlation

The correlation between DIVI and PFX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016	0.11

Return for Risk

DIVI vs. PFX — Risk / Return Rank

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

DIVI

DIVI Risk / Return Rank: 54
DIVI Sharpe Ratio Rank: 54
DIVI Sortino Ratio Rank: 53
DIVI Omega Ratio Rank: 52
DIVI Calmar Ratio Rank: 54
DIVI Martin Ratio Rank: 58

PFX

PFX Risk / Return Rank: 23
PFX Sharpe Ratio Rank: 25
PFX Sortino Ratio Rank: 23
PFX Omega Ratio Rank: 22
PFX Calmar Ratio Rank: 24
PFX Martin Ratio Rank: 23

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.

DIVI vs. PFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) and PhenixFIN Corporation (PFX). 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.

	DIVI	PFX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	-0.40	+2.16
Sortino ratio: Return per unit of downside risk	2.46	-0.41	+2.87
Omega ratio: Gain probability vs. loss probability	1.31	0.94	+0.37
Calmar ratio: Return relative to maximum drawdown	2.56	-0.52	+3.09
Martin ratio: Return relative to average drawdown	9.86	-0.95	+10.81

DIVI vs. PFX - Sharpe Ratio Comparison

The current DIVI Sharpe Ratio is 1.76, which is higher than the PFX Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of DIVI and PFX, 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

DIVI vs. PFX - Drawdown Comparison

The maximum DIVI drawdown since its inception was -27.76%, smaller than the maximum PFX drawdown of -95.38%. Use the drawdown chart below to compare losses from any high point for DIVI and PFX.

Drawdown Indicators

	DIVI	PFX	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-95.38%	+67.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-24.38%	+13.84%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	-29.57%	+14.99%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-29.57%	+11.04%
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	-94.31%	+66.55%
Current Drawdown Current decline from peak	-2.01%	-69.47%	+67.46%
Average Drawdown Average peak-to-trough decline	-3.62%	-46.88%	+43.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	13.33%	-10.60%

Volatility

DIVI vs. PFX - Volatility Comparison

The current volatility for Franklin International Core Dividend Tilt Index ETF (DIVI) is 5.19%, while PhenixFIN Corporation (PFX) has a volatility of 8.80%. This indicates that DIVI experiences smaller price fluctuations and is considered to be less risky than PFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVI	PFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	8.80%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	28.10%	-15.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	31.89%	-16.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	25.17%	-9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	50.26%	-33.90%

Dividends

DIVI vs. PFX - Dividend Comparison

DIVI's dividend yield for the trailing twelve months is around 2.05%, more than PFX's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVI Franklin International Core Dividend Tilt Index ETF	2.05%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%	0.00%
PFX PhenixFIN Corporation	0.17%	3.24%	2.59%	0.00%	0.39%	0.00%	0.00%	4.72%	17.29%	13.41%	13.85%	15.96%

Frequently Asked Questions

Can I hold both DIVI and PFX in my portfolio?

DIVI and PFX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVI or PFX?

PFX has higher volatility (8.80%) compared to DIVI (5.19%). In terms of maximum drawdown, DIVI dropped -27.76% vs PFX's -95.38%.

Which has better risk-adjusted returns?

DIVI currently has the higher Sharpe Ratio (1.76 vs -0.40), 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.