Correlation
The correlation between DIVZ and SPYI is 0.73, 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.
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. 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.
Performance
DIVZ vs. SPYI - Performance Comparison
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Key characteristics
DIVZ:
1.24
SPYI:
0.70
DIVZ:
1.53
SPYI:
1.07
DIVZ:
1.21
SPYI:
1.17
DIVZ:
1.61
SPYI:
0.71
DIVZ:
5.74
SPYI:
2.97
DIVZ:
2.52%
SPYI:
3.96%
DIVZ:
13.29%
SPYI:
17.20%
DIVZ:
-15.43%
SPYI:
-16.47%
DIVZ:
-1.33%
SPYI:
-2.63%
Returns By Period
In the year-to-date period, DIVZ achieves a 7.24% return, which is significantly higher than SPYI's 1.48% return.
DIVZ
7.24%
2.56%
1.13%
16.23%
6.70%
N/A
N/A
SPYI
1.48%
4.86%
-0.11%
12.01%
N/A
N/A
N/A
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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 Rank
DIVZ
SPYI
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.
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Dividends
DIVZ vs. SPYI - Dividend Comparison
DIVZ's dividend yield for the trailing twelve months is around 2.77%, less than SPYI's 12.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 2.77% | 2.63% | 3.66% | 3.23% | 3.83% |
SPYI NEOS S&P 500 High Income ETF | 12.54% | 12.04% | 12.01% | 4.10% | 0.00% |
Drawdowns
DIVZ vs. SPYI - Drawdown Comparison
The maximum DIVZ drawdown since its inception was -15.43%, smaller than the maximum SPYI drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for DIVZ and SPYI.
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Volatility
DIVZ vs. SPYI - Volatility Comparison
Opal Dividend Income ETF (DIVZ) has a higher volatility of 3.49% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.21%. This indicates that DIVZ's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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