DIVZ vs. LRNZ

Last updated Aug 2, 2026

DIVZ (Opal Dividend Income ETF) and LRNZ (TrueShares Technology, AI & Deep Learning ETF) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while LRNZ is a Artificial Intelligence fund actively managed by TrueShares. Both are actively managed. Their -0.64 correlation means they have often moved in opposite directions in the past. DIVZ charges 0.65%/yr vs 0.68%/yr for LRNZ.

Performance

DIVZ vs. LRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal Dividend Income ETF (DIVZ) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

LRNZ

• 1D: 1.01%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVZ Opal Dividend Income ETF	$843.62K	$1.68M	$1.36M
LRNZ TrueShares Technology, AI & Deep Learning ETF	$103.68K	$133.76K	$133.76K

DIVZ vs. LRNZ - Yearly Performance Comparison

	2026 (YTD)
DIVZ Opal Dividend Income ETF	1.25%
LRNZ TrueShares Technology, AI & Deep Learning ETF	-6.20%

Correlation

The correlation between DIVZ and LRNZ is -0.64, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	-0.64

DIVZ vs. LRNZ - Sectors Allocation Comparison

Sectors	DIVZ	LRNZ
Consumer Defensive	20.1%	-
Healthcare	19.7%	19.5%
Energy	14.7%	-
Utilities	13.6%	-
Industrials	10.3%	-
Financial Services	9.0%	-
Basic Materials	5.7%	-
Communication Services	5.4%	4.0%
Consumer Cyclical	3.9%	-
Technology	3.3%	76.5%
Real Estate	-	-

Return for Risk

DIVZ vs. LRNZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVZ

DIVZ Risk / Return Rank: 46
DIVZ Sharpe Ratio Rank: 46
DIVZ Sortino Ratio Rank: 47
DIVZ Omega Ratio Rank: 42
DIVZ Calmar Ratio Rank: 55
DIVZ Martin Ratio Rank: 42

LRNZ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVZ vs. LRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). 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	LRNZ	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	4.50	—	—

Drawdowns

DIVZ vs. LRNZ - Drawdown Comparison

The maximum DIVZ drawdown since its inception was -15.42%, which is greater than LRNZ's maximum drawdown of -11.91%. Use the drawdown chart below to compare losses from any high point for DIVZ and LRNZ.

Drawdown Indicators

	DIVZ	LRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.42%	-11.91%	-3.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Current Drawdown Current decline from peak	-2.48%	-6.20%	+3.72%
Average Drawdown Average peak-to-trough decline	-3.44%	-5.75%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	—	—

Volatility

Volatility by Period

	DIVZ	LRNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	34.30%	-24.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	34.30%	-21.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	34.30%	-21.74%

DIVZ vs. LRNZ - Expense Ratio Comparison

DIVZ has a 0.65% expense ratio, which is lower than LRNZ's 0.68% expense ratio.

Dividends

DIVZ vs. LRNZ - Dividend Comparison

DIVZ's dividend yield for the trailing twelve months is around 2.47%, while LRNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	2.47%	2.60%	2.63%	3.66%	3.23%	3.83%
LRNZ TrueShares Technology, AI & Deep Learning ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVZ and LRNZ in my portfolio?

DIVZ and LRNZ have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIVZ or LRNZ?

On fees, DIVZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIVZ or LRNZ?

DIVZ is cheaper with a 0.65% expense ratio, compared with 0.68% for LRNZ.

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

DIVZ has the higher dividend yield at 2.47%, compared with 0.00% for LRNZ.

What is the main difference between DIVZ and LRNZ?

DIVZ is categorized as Large Cap Value Equities, while LRNZ is Artificial Intelligence. Their fees differ too: 0.65% for DIVZ and 0.68% for LRNZ.