DIVN vs. TVAL
DIVN (Horizon Dividend Income ETF) and TVAL (T. Rowe Price Value ETF) are both Large Cap Value Equities funds. A 0.74 correlation means they provide meaningful diversification when combined. DIVN charges 0.70%/yr vs 0.33%/yr for TVAL.
Performance
DIVN vs. TVAL - Performance Comparison
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Returns By Period
In the year-to-date period, DIVN achieves a 11.87% return, which is significantly lower than TVAL's 15.42% return.
DIVN
- 1D
- 0.21%
- 1M
- 3.29%
- YTD
- 11.87%
- 6M
- 11.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TVAL
- 1D
- -0.05%
- 1M
- 3.86%
- YTD
- 15.42%
- 6M
- 16.79%
- 1Y
- 28.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVN vs. TVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVN Horizon Dividend Income ETF | 11.87% | 7.95% |
TVAL T. Rowe Price Value ETF | 15.42% | 9.48% |
Correlation
The correlation between DIVN and TVAL is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.74 |
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Return for Risk
DIVN vs. TVAL — Risk / Return Rank
DIVN
TVAL
DIVN vs. TVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and T. Rowe Price Value ETF (TVAL). 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.
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Sharpe Ratios by Period
| DIVN | TVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.13 | 1.48 | +0.65 |
Drawdowns
DIVN vs. TVAL - Drawdown Comparison
The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum TVAL drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for DIVN and TVAL.
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Drawdown Indicators
| DIVN | TVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -14.84% | +9.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.15% | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.39% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -2.06% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.70% | — |
Volatility
DIVN vs. TVAL - Volatility Comparison
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Volatility by Period
| DIVN | TVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 10.65% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 12.59% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 12.59% | -2.03% |
DIVN vs. TVAL - Expense Ratio Comparison
DIVN has a 0.70% expense ratio, which is higher than TVAL's 0.33% expense ratio.
Dividends
DIVN vs. TVAL - Dividend Comparison
DIVN's dividend yield for the trailing twelve months is around 3.12%, more than TVAL's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DIVN Horizon Dividend Income ETF | 3.12% | 1.47% | 0.00% | 0.00% |
TVAL T. Rowe Price Value ETF | 1.00% | 1.15% | 1.16% | 0.64% |
Frequently Asked Questions
DIVN and TVAL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TVAL is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TVAL is cheaper with a 0.33% expense ratio, compared with 0.70% for DIVN.
DIVN has the higher dividend yield at 3.12%, compared with 1.00% for TVAL.
They also come from different issuers: Horizon and T. Rowe Price. Their fees differ too: 0.70% for DIVN and 0.33% for TVAL.
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