DIVN vs. KWIN
DIVN (Horizon Dividend Income ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. DIVN is actively managed, while KWIN is passively managed. Their 0.19 correlation means their historical movements had little consistent relationship. DIVN charges 0.70%/yr vs 0.51%/yr for KWIN.
Performance
DIVN vs. KWIN - Performance Comparison
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Returns By Period
In the year-to-date period, DIVN achieves a 14.73% return, which is significantly higher than KWIN's 2.01% return.
DIVN
- 1D
- -0.06%
- 1M
- 1.08%
- 6M
- 7.52%
- YTD
- 14.73%
- 1Y
- 22.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.56%
KWIN
- 1D
- -0.04%
- 1M
- -1.04%
- 6M
- 1.86%
- YTD
- 2.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.52M | $5.71M | $2.75M | |
| $339.12K | $313.61K | $441.01K |
DIVN vs. KWIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVN Horizon Dividend Income ETF | 14.73% | 5.39% |
KWIN KraneShares Wahed Alternative Income Index ETF | 2.01% | 0.61% |
Correlation
The correlation between DIVN and KWIN is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.19 |
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Return for Risk
DIVN vs. KWIN — Risk / Return Rank
DIVN
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIVN vs. KWIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.
| DIVN | KWIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | — | — |
| Martin ratioReturn relative to average drawdown | 11.43 | — | — |
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Drawdowns
DIVN vs. KWIN - Drawdown Comparison
The maximum DIVN drawdown since its inception was -5.55%, which is greater than KWIN's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for DIVN and KWIN.
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Drawdown Indicators
| DIVN | KWIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -1.58% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.04% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -0.34% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | — | — |
Volatility
DIVN vs. KWIN - Volatility Comparison
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Volatility by Period
| DIVN | KWIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 4.03% | +6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 4.03% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.51% | 4.03% | +6.48% |
DIVN vs. KWIN - Expense Ratio Comparison
DIVN has a 0.70% expense ratio, which is higher than KWIN's 0.51% expense ratio.
Dividends
DIVN vs. KWIN - Dividend Comparison
DIVN's dividend yield for the trailing twelve months is around 3.70%, while KWIN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DIVN Horizon Dividend Income ETF | 3.70% | 1.47% |
KWIN KraneShares Wahed Alternative Income Index ETF | 0.00% | 0.00% |
Frequently Asked Questions
DIVN and KWIN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KWIN is cheaper with a 0.51% expense ratio, compared with 0.70% for DIVN.
DIVN has the higher dividend yield at 3.70%, compared with 0.00% for KWIN.
They also come from different issuers: Horizon and KraneShares. Their fees differ too: 0.70% for DIVN and 0.51% for KWIN.
Find the right allocation for DIVN and KWIN
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