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DIVZ vs. MGV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DIVZ and MGV is 0.92, 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.


-0.50.00.51.00.9

Performance

DIVZ vs. MGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal Dividend Income ETF (DIVZ) and Vanguard Mega Cap Value ETF (MGV). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
8.22%
7.41%
DIVZ
MGV

Key characteristics

Sharpe Ratio

DIVZ:

2.33

MGV:

2.08

Sortino Ratio

DIVZ:

3.21

MGV:

2.93

Omega Ratio

DIVZ:

1.41

MGV:

1.37

Calmar Ratio

DIVZ:

3.29

MGV:

3.07

Martin Ratio

DIVZ:

10.97

MGV:

9.57

Ulcer Index

DIVZ:

2.18%

MGV:

2.27%

Daily Std Dev

DIVZ:

10.26%

MGV:

10.40%

Max Drawdown

DIVZ:

-15.43%

MGV:

-56.31%

Current Drawdown

DIVZ:

-3.35%

MGV:

-2.98%

Returns By Period

In the year-to-date period, DIVZ achieves a 2.90% return, which is significantly lower than MGV's 3.07% return.


DIVZ

YTD

2.90%

1M

3.75%

6M

7.88%

1Y

23.87%

5Y*

N/A

10Y*

N/A

MGV

YTD

3.07%

1M

4.02%

6M

7.01%

1Y

21.23%

5Y*

10.68%

10Y*

10.86%

*Annualized

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DIVZ vs. MGV - Expense Ratio Comparison

DIVZ has a 0.65% expense ratio, which is higher than MGV's 0.07% expense ratio.


Expense ratio chart for DIVZ: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for MGV: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

DIVZ vs. MGV — Risk-Adjusted Performance Rank

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

DIVZ
The Risk-Adjusted Performance Rank of DIVZ is 8484
Overall Rank
The Sharpe Ratio Rank of DIVZ is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of DIVZ is 8787
Sortino Ratio Rank
The Omega Ratio Rank of DIVZ is 8484
Omega Ratio Rank
The Calmar Ratio Rank of DIVZ is 8383
Calmar Ratio Rank
The Martin Ratio Rank of DIVZ is 7878
Martin Ratio Rank

MGV
The Risk-Adjusted Performance Rank of MGV is 7878
Overall Rank
The Sharpe Ratio Rank of MGV is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of MGV is 8181
Sortino Ratio Rank
The Omega Ratio Rank of MGV is 7878
Omega Ratio Rank
The Calmar Ratio Rank of MGV is 7979
Calmar Ratio Rank
The Martin Ratio Rank of MGV is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DIVZ vs. MGV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and Vanguard Mega Cap Value ETF (MGV). 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.


The chart of Sharpe ratio for DIVZ, currently valued at 2.33, compared to the broader market0.002.004.002.332.08
The chart of Sortino ratio for DIVZ, currently valued at 3.21, compared to the broader market0.005.0010.003.212.93
The chart of Omega ratio for DIVZ, currently valued at 1.41, compared to the broader market0.501.001.502.002.503.003.501.411.37
The chart of Calmar ratio for DIVZ, currently valued at 3.29, compared to the broader market0.005.0010.0015.003.293.07
The chart of Martin ratio for DIVZ, currently valued at 10.97, compared to the broader market0.0020.0040.0060.0080.00100.0010.979.57
DIVZ
MGV

The current DIVZ Sharpe Ratio is 2.33, which is comparable to the MGV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DIVZ and MGV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50AugustSeptemberOctoberNovemberDecember2025
2.33
2.08
DIVZ
MGV

Dividends

DIVZ vs. MGV - Dividend Comparison

DIVZ's dividend yield for the trailing twelve months is around 2.56%, more than MGV's 2.24% yield.


TTM20242023202220212020201920182017201620152014
DIVZ
Opal Dividend Income ETF
2.56%2.63%3.66%3.23%3.83%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MGV
Vanguard Mega Cap Value ETF
2.24%2.31%2.48%2.45%2.17%2.47%2.69%2.65%2.34%2.53%2.59%2.26%

Drawdowns

DIVZ vs. MGV - Drawdown Comparison

The maximum DIVZ drawdown since its inception was -15.43%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for DIVZ and MGV. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-3.35%
-2.98%
DIVZ
MGV

Volatility

DIVZ vs. MGV - Volatility Comparison

Opal Dividend Income ETF (DIVZ) and Vanguard Mega Cap Value ETF (MGV) have volatilities of 4.02% and 4.19%, 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.


2.00%2.50%3.00%3.50%4.00%4.50%AugustSeptemberOctoberNovemberDecember2025
4.02%
4.19%
DIVZ
MGV