DIVI vs. USD

Last updated Jun 13, 2026

DIVI (Franklin International Core Dividend Tilt Index ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - DIVI is a Foreign Large Cap Equities fund actively managed by Franklin Templeton, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). DIVI is actively managed, while USD is passively managed. Over the past 10 years, DIVI returned 11.78%/yr vs 60.21%/yr for USD. A 0.52 correlation means they provide meaningful diversification when combined. DIVI charges 0.09%/yr vs 0.95%/yr for USD.

Performance

DIVI vs. USD - Performance Comparison

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

Returns By Period

In the year-to-date period, DIVI achieves a 11.97% return, which is significantly lower than USD's 86.87% return. Over the past 10 years, DIVI has underperformed USD with an annualized return of 11.78%, while USD has yielded a comparatively higher 60.21% annualized return.

DIVI

• 1D: 0.58%
• 1M: 1.16%
• YTD: 11.97%
• 6M: 13.43%
• 1Y: 25.56%
• 3Y*: 18.03%
• 5Y*: 13.55%
• 10Y*: 11.78%

USD

• 1D: 2.08%
• 1M: -1.66%
• YTD: 86.87%
• 6M: 97.77%
• 1Y: 207.86%
• 3Y*: 111.11%
• 5Y*: 65.02%
• 10Y*: 60.21%

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

DIVI vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVI Franklin International Core Dividend Tilt Index ETF	11.97%	34.86%	1.77%	18.97%	-1.21%	16.95%	1.29%	22.98%	-6.73%	13.65%
USD ProShares Ultra Semiconductors	86.87%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%

Correlation

The correlation between DIVI and USD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016	0.52

The correlation between DIVI and USD has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

DIVI vs. USD - Sectors Allocation Comparison

Sectors	DIVI	USD
Financial Services	27.3%	28.0%
Industrials	17.2%	-
Technology	10.2%	26.7%
Healthcare	9.1%	-
Consumer Cyclical	7.1%	-
Consumer Defensive	6.8%	-
Basic Materials	5.6%	-
Communication Services	5.0%	-
Utilities	4.9%	-
Energy	4.4%	0.0%
Real Estate	2.3%	-

Return for Risk

DIVI vs. USD — Risk / Return Rank

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

DIVI

DIVI Risk / Return Rank: 56
DIVI Sharpe Ratio Rank: 56
DIVI Sortino Ratio Rank: 56
DIVI Omega Ratio Rank: 54
DIVI Calmar Ratio Rank: 56
DIVI Martin Ratio Rank: 59

USD

USD Risk / Return Rank: 88
USD Sharpe Ratio Rank: 94
USD Sortino Ratio Rank: 79
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 91

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe ratio: Return per unit of total volatility	1.67	3.20	-1.53
Sortino ratio: Return per unit of downside risk	2.35	3.05	-0.69
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	2.44	6.58	-4.14
Martin ratio: Return relative to average drawdown	9.36	18.43	-9.07

DIVI vs. USD - Sharpe Ratio Comparison

The current DIVI Sharpe Ratio is 1.67, which is lower than the USD Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of DIVI and USD, 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. USD - Drawdown Comparison

The maximum DIVI drawdown since its inception was -27.76%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for DIVI and USD.

Drawdown Indicators

	DIVI	USD	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-88.63%	+60.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-31.80%	+21.26%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	-64.46%	+49.88%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-77.85%	+59.32%
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	-77.85%	+50.09%
Current Drawdown Current decline from peak	-0.05%	-13.67%	+13.62%
Average Drawdown Average peak-to-trough decline	-3.62%	-32.32%	+28.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	11.34%	-8.59%

Volatility

DIVI vs. USD - Volatility Comparison

The current volatility for Franklin International Core Dividend Tilt Index ETF (DIVI) is 5.63%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.56%. This indicates that DIVI experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVI	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	29.56%	-23.93%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	52.44%	-39.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	65.34%	-49.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	77.19%	-61.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	69.61%	-53.12%

DIVI vs. USD - Expense Ratio Comparison

DIVI has a 0.09% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

DIVI vs. USD - Dividend Comparison

DIVI's dividend yield for the trailing twelve months is around 3.50%, more than USD's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVI Franklin International Core Dividend Tilt Index ETF	3.50%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%	0.00%
USD ProShares Ultra Semiconductors	0.25%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both DIVI and USD in my portfolio?

DIVI and USD have a correlation of 0.48, 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 USD?

USD has higher volatility (29.56%) compared to DIVI (5.63%). In terms of maximum drawdown, DIVI dropped -27.76% vs USD's -88.63%.

Which ETF is better, DIVI or USD?

On 10-year performance, USD leads with 60.21% vs 11.78% for DIVI. On fees, DIVI is cheaper at 0.09% per year. On volatility, DIVI has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVI or USD?

Over the 10-year period, USD has performed better with a 60.21% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVI or USD?

DIVI is cheaper with a 0.09% expense ratio, compared with 0.95% for USD.

Which ETF pays a higher dividend yield, DIVI or USD?

DIVI has the higher dividend yield at 3.50%, compared with 0.25% for USD.

What is the main difference between DIVI and USD?

DIVI is categorized as Foreign Large Cap Equities, while USD is Leveraged Equities. They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.09% for DIVI and 0.95% for USD.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.20 vs 1.67), 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.