DIVZ vs. SPYI
Compare and contrast key facts about Opal Dividend Income ETF (DIVZ) and NEOS S&P 500 High Income ETF (SPYI).
DIVZ and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVZ is an actively managed fund by TrueShares. It was launched on Jan 27, 2021. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVZ or SPYI.
Key characteristics
| DIVZ | SPYI | |
|---|---|---|
| YTD Return | 19.76% | 15.59% |
| 1Y Return | 24.12% | 19.44% |
| Sharpe Ratio | 2.22 | 1.88 |
| Daily Std Dev | 10.87% | 9.71% |
| Max Drawdown | -15.42% | -10.19% |
| Current Drawdown | -0.57% | 0.00% |
Correlation
The correlation between DIVZ and SPYI is 0.70, 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.
Performance
DIVZ vs. SPYI - Performance Comparison
In the year-to-date period, DIVZ achieves a 19.76% return, which is significantly higher than SPYI's 15.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIVZ vs. SPYI - Expense Ratio Comparison
DIVZ has a 0.65% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
DIVZ vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and NEOS S&P 500 High Income ETF (SPYI). 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.
Dividends
DIVZ vs. SPYI - Dividend Comparison
DIVZ's dividend yield for the trailing twelve months is around 3.37%, less than SPYI's 10.66% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 3.37% | 3.66% | 3.23% | 3.83% |
SPYI NEOS S&P 500 High Income ETF | 10.66% | 12.01% | 4.10% | 0.00% |
Drawdowns
DIVZ vs. SPYI - Drawdown Comparison
The maximum DIVZ drawdown since its inception was -15.42%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for DIVZ and SPYI. For additional features, visit the drawdowns tool.
Volatility
DIVZ vs. SPYI - Volatility Comparison
The current volatility for Opal Dividend Income ETF (DIVZ) is 2.91%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 3.49%. This indicates that DIVZ experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.