DIVZ vs. FAI

Last updated Jun 24, 2026

DIVZ (Opal Dividend Income ETF) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index. DIVZ is actively managed, while FAI is passively managed. Over the past year, DIVZ returned 12.20% vs 56.66% for FAI. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

DIVZ vs. FAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal Dividend Income ETF (DIVZ) and First Trust Bloomberg Artificial Intelligence ETF (FAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVZ achieves a 4.86% return, which is significantly lower than FAI's 27.58% return.

DIVZ

• 1D: 1.12%
• 1M: -1.44%
• YTD: 4.86%
• 6M: 4.61%
• 1Y: 12.20%
• 3Y*: 15.51%
• 5Y*: 9.40%
• 10Y*: —

FAI

• 1D: -4.82%
• 1M: 1.99%
• YTD: 27.58%
• 6M: 26.62%
• 1Y: 56.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVZ vs. FAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVZ Opal Dividend Income ETF	4.86%	16.72%	-4.38%
FAI First Trust Bloomberg Artificial Intelligence ETF	27.58%	33.37%	2.28%

Correlation

The correlation between DIVZ and FAI is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.10

The correlation between DIVZ and FAI shifts across timeframes, from -0.06 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DIVZ vs. FAI — Risk / Return Rank

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

DIVZ

DIVZ Risk / Return Rank: 38
DIVZ Sharpe Ratio Rank: 38
DIVZ Sortino Ratio Rank: 38
DIVZ Omega Ratio Rank: 35
DIVZ Calmar Ratio Rank: 44
DIVZ Martin Ratio Rank: 35

FAI

FAI Risk / Return Rank: 64
FAI Sharpe Ratio Rank: 71
FAI Sortino Ratio Rank: 60
FAI Omega Ratio Rank: 63
FAI Calmar Ratio Rank: 67
FAI Martin Ratio Rank: 58

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.

DIVZ vs. FAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and First Trust Bloomberg Artificial Intelligence ETF (FAI). 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.

	DIVZ	FAI	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.08	-0.78
Sortino ratio: Return per unit of downside risk	1.88	2.56	-0.68
Omega ratio: Gain probability vs. loss probability	1.22	1.35	-0.12
Calmar ratio: Return relative to maximum drawdown	2.10	3.02	-0.92
Martin ratio: Return relative to average drawdown	4.98	9.38	-4.39

DIVZ vs. FAI - Sharpe Ratio Comparison

The current DIVZ Sharpe Ratio is 1.29, which is lower than the FAI Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DIVZ and FAI, 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

DIVZ vs. FAI - Drawdown Comparison

The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum FAI drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for DIVZ and FAI.

Drawdown Indicators

	DIVZ	FAI	Difference
Max Drawdown Largest peak-to-trough decline	-15.42%	-27.82%	+12.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-18.84%	+13.01%
Max Drawdown (3Y) Largest decline over 3 years	-9.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Current Drawdown Current decline from peak	-2.87%	-9.38%	+6.51%
Average Drawdown Average peak-to-trough decline	-3.48%	-5.37%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	6.06%	-3.61%

Volatility

DIVZ vs. FAI - Volatility Comparison

The current volatility for Opal Dividend Income ETF (DIVZ) is 3.51%, while First Trust Bloomberg Artificial Intelligence ETF (FAI) has a volatility of 14.67%. This indicates that DIVZ experiences smaller price fluctuations and is considered to be less risky than FAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVZ	FAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	14.67%	-11.16%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	22.72%	-15.48%
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	27.43%	-17.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.63%	31.12%	-18.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	31.12%	-18.56%

DIVZ vs. FAI - Expense Ratio Comparison

Both DIVZ and FAI have an expense ratio of 0.65%.

Dividends

DIVZ vs. FAI - Dividend Comparison

DIVZ's dividend yield for the trailing twelve months is around 2.55%, while FAI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	2.55%	2.60%	2.63%	3.66%	3.23%	3.83%
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVZ and FAI in my portfolio?

DIVZ and FAI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVZ or FAI?

FAI has higher volatility (14.67%) compared to DIVZ (3.51%). In terms of maximum drawdown, DIVZ dropped -15.42% vs FAI's -27.82%.

Which ETF is better, DIVZ or FAI?

On 1-year performance, FAI leads with 56.66% vs 12.20% for DIVZ. Both ETFs have the same 0.65% expense ratio. On volatility, DIVZ has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVZ or FAI?

Over the 1-year period, FAI has performed better with a 56.66% return vs 12.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVZ or FAI?

DIVZ and FAI have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, DIVZ or FAI?

DIVZ has the higher dividend yield at 2.55%, compared with 0.00% for FAI.

What is the main difference between DIVZ and FAI?

DIVZ is categorized as Large Cap Value Equities, while FAI is Technology Equities. They also come from different issuers: TrueShares and First Trust.

Which has better risk-adjusted returns?

FAI currently has the higher Sharpe Ratio (2.08 vs 1.29), 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.