DIVZ vs. SELV

Last updated Jun 23, 2026

DIVZ (Opal Dividend Income ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while SELV is a Large Cap Blend Equities fund actively managed by SEI. Both are actively managed. Over the past 3 years, DIVZ returned 15.08%/yr vs 9.83%/yr for SELV. A 0.79 correlation means they provide meaningful diversification when combined. DIVZ charges 0.65%/yr vs 0.15%/yr for SELV.

Performance

DIVZ vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal Dividend Income ETF (DIVZ) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVZ achieves a 3.70% return, which is significantly higher than SELV's -0.78% return.

DIVZ

• 1D: 0.13%
• 1M: -2.53%
• YTD: 3.70%
• 6M: 3.95%
• 1Y: 11.58%
• 3Y*: 15.08%
• 5Y*: 9.27%
• 10Y*: —

SELV

• 1D: -0.62%
• 1M: -4.10%
• YTD: -0.78%
• 6M: -1.05%
• 1Y: 5.79%
• 3Y*: 9.83%
• 5Y*: —
• 10Y*: —

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

DIVZ vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DIVZ Opal Dividend Income ETF	3.70%	16.72%	18.44%	-0.51%	-1.36%
SELV SEI Enhanced Low Volatility US Large Cap ETF	-0.78%	12.86%	14.71%	6.58%	-0.61%

Correlation

The correlation between DIVZ and SELV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.79

The correlation between DIVZ and SELV shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

DIVZ vs. SELV - Sectors Allocation Comparison

Sectors	DIVZ	SELV
Consumer Defensive	19.5%	12.3%
Healthcare	18.2%	17.0%
Energy	14.7%	4.3%
Utilities	13.1%	7.6%
Industrials	9.8%	7.5%
Financial Services	9.4%	4.8%
Basic Materials	5.7%	2.8%
Communication Services	5.6%	15.8%
Technology	3.7%	21.4%
Consumer Cyclical	3.7%	4.9%
Real Estate	-	0.1%

Return for Risk

DIVZ vs. SELV — Risk / Return Rank

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

DIVZ

DIVZ Risk / Return Rank: 35
DIVZ Sharpe Ratio Rank: 35
DIVZ Sortino Ratio Rank: 35
DIVZ Omega Ratio Rank: 32
DIVZ Calmar Ratio Rank: 41
DIVZ Martin Ratio Rank: 33

SELV

SELV Risk / Return Rank: 20
SELV Sharpe Ratio Rank: 19
SELV Sortino Ratio Rank: 18
SELV Omega Ratio Rank: 17
SELV Calmar Ratio Rank: 22
SELV Martin Ratio Rank: 22

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. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.65	+0.59
Sortino ratio: Return per unit of downside risk	1.79	0.97	+0.83
Omega ratio: Gain probability vs. loss probability	1.21	1.11	+0.10
Calmar ratio: Return relative to maximum drawdown	1.99	0.98	+1.01
Martin ratio: Return relative to average drawdown	4.75	2.70	+2.05

DIVZ vs. SELV - Sharpe Ratio Comparison

The current DIVZ Sharpe Ratio is 1.23, which is higher than the SELV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of DIVZ and SELV, 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. SELV - Drawdown Comparison

The maximum DIVZ drawdown since its inception was -15.42%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for DIVZ and SELV.

Drawdown Indicators

	DIVZ	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-15.42%	-13.73%	-1.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-5.92%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-9.52%	-8.94%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Current Drawdown Current decline from peak	-3.95%	-5.51%	+1.56%
Average Drawdown Average peak-to-trough decline	-3.48%	-2.37%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.15%	+0.30%

Volatility

DIVZ vs. SELV - Volatility Comparison

Opal Dividend Income ETF (DIVZ) has a higher volatility of 3.32% compared to SEI Enhanced Low Volatility US Large Cap ETF (SELV) at 2.91%. This indicates that DIVZ's price experiences larger fluctuations and is considered to be riskier than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVZ	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	2.91%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	6.68%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	8.97%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	11.89%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	11.89%	+0.67%

DIVZ vs. SELV - Expense Ratio Comparison

DIVZ has a 0.65% expense ratio, which is higher than SELV's 0.15% expense ratio.

Dividends

DIVZ vs. SELV - Dividend Comparison

DIVZ's dividend yield for the trailing twelve months is around 2.58%, more than SELV's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	2.58%	2.60%	2.63%	3.66%	3.23%	3.83%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.80%	1.74%	1.77%	2.06%	1.26%	0.00%

Frequently Asked Questions

Can I hold both DIVZ and SELV in my portfolio?

DIVZ and SELV have a correlation of 0.66, 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 SELV?

DIVZ has higher volatility (3.32%) compared to SELV (2.91%). In terms of maximum drawdown, DIVZ dropped -15.42% vs SELV's -13.73%.

Which ETF is better, DIVZ or SELV?

On 3-year performance, DIVZ leads with 15.08% vs 9.83% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, SELV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVZ or SELV?

Over the 3-year period, DIVZ has performed better with a 15.08% return vs 9.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVZ or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.65% for DIVZ.

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

DIVZ has the higher dividend yield at 2.58%, compared with 1.80% for SELV.

What is the main difference between DIVZ and SELV?

DIVZ is categorized as Large Cap Value Equities, while SELV is Large Cap Blend Equities. They also come from different issuers: TrueShares and SEI. Their fees differ too: 0.65% for DIVZ and 0.15% for SELV.

Which has better risk-adjusted returns?

DIVZ currently has the higher Sharpe Ratio (1.23 vs 0.65), 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.