DIVN vs. LSVD

Last updated Jun 4, 2026

DIVN (Horizon Dividend Income ETF) and LSVD (LSV Disciplined Value ETF) are both Large Cap Value Equities funds. At a 0.48 correlation, their price movements are largely independent. DIVN charges 0.70%/yr vs 0.40%/yr for LSVD.

Performance

DIVN vs. LSVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Dividend Income ETF (DIVN) and LSV Disciplined Value ETF (LSVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVN achieves a 11.87% return, which is significantly lower than LSVD's 17.67% return.

DIVN

• 1D: 0.21%
• 1M: 3.29%
• YTD: 11.87%
• 6M: 11.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSVD

• 1D: -0.43%
• 1M: 7.12%
• YTD: 17.67%
• 6M: 18.95%
• 1Y: 43.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVN vs. LSVD - Yearly Performance Comparison

	2026 (YTD)	2025
DIVN Horizon Dividend Income ETF	11.87%	7.95%
LSVD LSV Disciplined Value ETF	17.67%	17.35%

Correlation

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

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.48

Return for Risk

DIVN vs. LSVD — Risk / Return Rank

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

LSVD

LSVD Risk / Return Rank: 92
LSVD Sharpe Ratio Rank: 93
LSVD Sortino Ratio Rank: 93
LSVD Omega Ratio Rank: 92
LSVD Calmar Ratio Rank: 89
LSVD Martin Ratio Rank: 93

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.

DIVN vs. LSVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and LSV Disciplined Value ETF (LSVD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DIVN	LSVD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.13	1.66	+0.47

Drawdowns

DIVN vs. LSVD - Drawdown Comparison

The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum LSVD drawdown of -19.30%. Use the drawdown chart below to compare losses from any high point for DIVN and LSVD.

Drawdown Indicators

	DIVN	LSVD	Difference
Max Drawdown Largest peak-to-trough decline	-5.55%	-19.30%	+13.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.07%	—
Current Drawdown Current decline from peak	-0.63%	-0.53%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.45%	-2.47%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.76%	—

Volatility

Volatility by Period

	DIVN	LSVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	12.76%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.56%	17.45%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.56%	17.45%	-6.89%

DIVN vs. LSVD - Expense Ratio Comparison

DIVN has a 0.70% expense ratio, which is higher than LSVD's 0.40% expense ratio.

Dividends

DIVN vs. LSVD - Dividend Comparison

DIVN's dividend yield for the trailing twelve months is around 3.12%, more than LSVD's 0.27% yield.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.12%	1.47%
LSVD LSV Disciplined Value ETF	0.27%	0.32%

Frequently Asked Questions

Can I hold both DIVN and LSVD in my portfolio?

DIVN and LSVD 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 ETF is better, DIVN or LSVD?

On fees, LSVD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIVN or LSVD?

LSVD is cheaper with a 0.40% expense ratio, compared with 0.70% for DIVN.

Which ETF pays a higher dividend yield, DIVN or LSVD?

DIVN has the higher dividend yield at 3.12%, compared with 0.27% for LSVD.

What is the main difference between DIVN and LSVD?

They also come from different issuers: Horizon and LSV. Their fees differ too: 0.70% for DIVN and 0.40% for LSVD.