Correlation
The correlation between DIVZ and DJD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DIVZ vs. DJD
Compare and contrast key facts about Opal Dividend Income ETF (DIVZ) and Invesco Dow Jones Industrial Average Dividend ETF (DJD).
DIVZ and DJD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVZ is an actively managed fund by TrueShares. It was launched on Jan 27, 2021. DJD is a passively managed fund by Invesco that tracks the performance of the Dow Jones Industrial Average Yield Weight. It was launched on Dec 16, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVZ or DJD.
Performance
DIVZ vs. DJD - Performance Comparison
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Key characteristics
DIVZ:
1.31
DJD:
0.92
DIVZ:
1.67
DJD:
1.32
DIVZ:
1.23
DJD:
1.18
DIVZ:
1.77
DJD:
1.05
DIVZ:
6.35
DJD:
3.59
DIVZ:
2.51%
DJD:
3.61%
DIVZ:
13.24%
DJD:
14.70%
DIVZ:
-15.42%
DJD:
-34.66%
DIVZ:
-0.23%
DJD:
-4.15%
Returns By Period
In the year-to-date period, DIVZ achieves a 8.44% return, which is significantly higher than DJD's 2.97% return.
DIVZ
8.44%
3.27%
1.85%
17.23%
7.40%
N/A
N/A
DJD
2.97%
2.46%
-2.98%
13.36%
7.33%
12.28%
N/A
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DIVZ vs. DJD - Expense Ratio Comparison
DIVZ has a 0.65% expense ratio, which is higher than DJD's 0.07% expense ratio.
Risk-Adjusted Performance
DIVZ vs. DJD — Risk-Adjusted Performance Rank
DIVZ
DJD
DIVZ vs. DJD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and Invesco Dow Jones Industrial Average Dividend ETF (DJD). 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.
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Dividends
DIVZ vs. DJD - Dividend Comparison
DIVZ's dividend yield for the trailing twelve months is around 2.79%, which matches DJD's 2.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 2.79% | 2.63% | 3.66% | 3.23% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DJD Invesco Dow Jones Industrial Average Dividend ETF | 2.81% | 3.00% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 3.26% | 3.65% | 0.16% |
Drawdowns
DIVZ vs. DJD - Drawdown Comparison
The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum DJD drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for DIVZ and DJD.
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Volatility
DIVZ vs. DJD - Volatility Comparison
The current volatility for Opal Dividend Income ETF (DIVZ) is 3.56%, while Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a volatility of 4.16%. This indicates that DIVZ experiences smaller price fluctuations and is considered to be less risky than DJD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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