DIVZ vs. FTA
DIVZ (Opal Dividend Income ETF) and FTA (First Trust Large Cap Value AlphaDEX Fund) are both Large Cap Value Equities funds. DIVZ is actively managed, while FTA is passively managed. Over the past 5 years, DIVZ returned 9.79%/yr vs 11.21%/yr for FTA. Their correlation of 0.83 means they have usually moved in the same direction. DIVZ charges 0.65%/yr vs 0.60%/yr for FTA.
Performance
DIVZ vs. FTA - Performance Comparison
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Returns By Period
In the year-to-date period, DIVZ achieves a 7.08% return, which is significantly lower than FTA's 18.18% return.
DIVZ
- 1D
- -0.45%
- 1M
- 0.59%
- 6M
- 3.13%
- YTD
- 7.08%
- 1Y
- 11.27%
- 3Y*
- 14.07%
- 5Y*
- 9.79%
- 10Y*
- —
- ALL TIME*
- 11.43%
FTA
- 1D
- -0.29%
- 1M
- 2.70%
- 6M
- 12.86%
- YTD
- 18.18%
- 1Y
- 31.73%
- 3Y*
- 15.29%
- 5Y*
- 11.21%
- 10Y*
- 11.60%
- ALL TIME*
- 8.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $843.62K | $1.68M | $1.36M | |
| $3.06M | $3.30M | $2.95M |
DIVZ vs. FTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 7.08% | 16.72% | 18.44% | -0.51% | 3.51% | 19.03% |
FTA First Trust Large Cap Value AlphaDEX Fund | 18.18% | 14.94% | 10.13% | 10.08% | -3.73% | 25.82% |
Correlation
The correlation between DIVZ and FTA is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021 | 0.83 |
The correlation between DIVZ and FTA shifts across timeframes, from 0.71 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
DIVZ vs. FTA - Sectors Allocation Comparison
Sectors
DIVZ
FTA
Consumer Defensive
Healthcare
Energy
Utilities
Industrials
Financial Services
Basic Materials
Communication Services
Consumer Cyclical
Technology
Real Estate
-
Consumer Defensive
DIVZ
FTA
Healthcare
DIVZ
FTA
Energy
DIVZ
FTA
Utilities
DIVZ
FTA
Industrials
DIVZ
FTA
Financial Services
DIVZ
FTA
Basic Materials
DIVZ
FTA
Communication Services
DIVZ
FTA
Consumer Cyclical
DIVZ
FTA
Technology
DIVZ
FTA
Real Estate
DIVZ
-
FTA
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Return for Risk
DIVZ vs. FTA — Risk / Return Rank
DIVZ
FTA
DIVZ vs. FTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and First Trust Large Cap Value AlphaDEX Fund (FTA). 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 | FTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 5.93 | -3.99 |
| Martin ratioReturn relative to average drawdown | 4.50 | 20.26 | -15.76 |
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Drawdowns
DIVZ vs. FTA - Drawdown Comparison
The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum FTA drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for DIVZ and FTA.
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Drawdown Indicators
| DIVZ | FTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -62.45% | +47.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -5.13% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -8.98% | -18.73% | +9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -19.80% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.97% | — |
Current DrawdownCurrent decline from peak | -2.48% | -1.56% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -8.97% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.50% | +1.02% |
Volatility
DIVZ vs. FTA - Volatility Comparison
Opal Dividend Income ETF (DIVZ) and First Trust Large Cap Value AlphaDEX Fund (FTA) have volatilities of 3.87% and 3.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVZ | FTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.93% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 8.04% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 11.61% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 16.23% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 19.85% | -7.29% |
DIVZ vs. FTA - Expense Ratio Comparison
DIVZ has a 0.65% expense ratio, which is higher than FTA's 0.60% expense ratio.
Dividends
DIVZ vs. FTA - Dividend Comparison
DIVZ's dividend yield for the trailing twelve months is around 2.47%, more than FTA's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 2.47% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTA First Trust Large Cap Value AlphaDEX Fund | 1.61% | 1.89% | 2.02% | 2.10% | 2.15% | 1.54% | 2.03% | 1.88% | 2.28% | 1.53% | 1.56% | 2.05% |
Frequently Asked Questions
DIVZ and FTA have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTA has higher volatility (3.93%) compared to DIVZ (3.87%). In terms of maximum drawdown, DIVZ dropped -15.42% vs FTA's -62.45%.
On 5-year performance, FTA leads with 11.21% vs 9.79% for DIVZ. On fees, FTA is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTA has performed better with a 11.21% return vs 9.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTA is cheaper with a 0.60% expense ratio, compared with 0.65% for DIVZ.
DIVZ has the higher dividend yield at 2.47%, compared with 1.61% for FTA.
They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.65% for DIVZ and 0.60% for FTA.
FTA currently has the higher Sharpe Ratio (2.63 vs 1.14), 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.
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