DIVZ vs. WTAI

Last updated Aug 2, 2026

DIVZ (Opal Dividend Income ETF) and WTAI (WisdomTree Artificial Intelligence and Innovation Fund) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while WTAI is a Artificial Intelligence fund tracking the WisdomTree Artificial Intelligence & Innovation Index. DIVZ is actively managed, while WTAI is passively managed. Over the past 3 years, DIVZ returned 14.07%/yr vs 24.91%/yr for WTAI. Their 0.37 correlation means their historical movements had little consistent relationship. DIVZ charges 0.65%/yr vs 0.45%/yr for WTAI.

Performance

DIVZ vs. WTAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal Dividend Income ETF (DIVZ) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVZ achieves a 7.08% return, which is significantly lower than WTAI's 32.02% return.

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%

WTAI

• 1D: 1.18%
• 1M: -9.63%
• 6M: 27.01%
• YTD: 32.02%
• 1Y: 58.80%
• 3Y*: 24.91%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.22%

*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
WTAI WisdomTree Artificial Intelligence and Innovation Fund	$14.53M	$18.03M	$13.96M

DIVZ vs. WTAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	7.08%	16.72%	18.44%	-0.51%	3.51%	3.21%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	32.02%	34.83%	6.53%	46.32%	-42.27%	-1.93%

Correlation

The correlation between DIVZ and WTAI is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.11
Correlation (3Y) Balances recent behavior with more history.	0.26
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021	0.37

The correlation between DIVZ and WTAI shifts across timeframes, from -0.11 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

DIVZ vs. WTAI - Sectors Allocation Comparison

Sectors	DIVZ	WTAI
Consumer Defensive	20.1%	0.4%
Healthcare	19.7%	-
Energy	14.7%	-
Utilities	13.6%	0.9%
Industrials	10.3%	5.6%
Financial Services	9.0%	3.8%
Basic Materials	5.7%	-
Communication Services	5.4%	7.2%
Consumer Cyclical	3.9%	8.3%
Technology	3.3%	71.6%
Real Estate	-	-

Return for Risk

DIVZ vs. WTAI — 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

WTAI

WTAI Risk / Return Rank: 59
WTAI Sharpe Ratio Rank: 61
WTAI Sortino Ratio Rank: 57
WTAI Omega Ratio Rank: 58
WTAI Calmar Ratio Rank: 55
WTAI Martin Ratio Rank: 64

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. WTAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI). 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	WTAI	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.43	-0.29
Sortino ratio: Return per unit of downside risk	1.71	1.92	-0.21
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio: Return relative to maximum drawdown	1.95	1.96	-0.01
Martin ratio: Return relative to average drawdown	4.50	7.66	-3.16

DIVZ vs. WTAI - Sharpe Ratio Comparison

The current DIVZ Sharpe Ratio is 1.14, which is comparable to the WTAI Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of DIVZ and WTAI, 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. WTAI - Drawdown Comparison

The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum WTAI drawdown of -45.96%. Use the drawdown chart below to compare losses from any high point for DIVZ and WTAI.

Drawdown Indicators

	DIVZ	WTAI	Difference
Max Drawdown Largest peak-to-trough decline	-15.42%	-45.96%	+30.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-27.61%	+21.78%
Max Drawdown (3Y) Largest decline over 3 years	-8.98%	-31.83%	+22.85%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Current Drawdown Current decline from peak	-2.48%	-20.43%	+17.95%
Average Drawdown Average peak-to-trough decline	-3.44%	-19.54%	+16.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	7.05%	-4.53%

Volatility

DIVZ vs. WTAI - Volatility Comparison

The current volatility for Opal Dividend Income ETF (DIVZ) is 3.87%, while WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a volatility of 17.48%. This indicates that DIVZ experiences smaller price fluctuations and is considered to be less risky than WTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVZ	WTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	17.48%	-13.61%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	33.66%	-25.82%
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	37.82%	-27.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	32.70%	-20.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.56%	32.70%	-20.14%

DIVZ vs. WTAI - Expense Ratio Comparison

DIVZ has a 0.65% expense ratio, which is higher than WTAI's 0.45% expense ratio.

Dividends

DIVZ vs. WTAI - Dividend Comparison

DIVZ's dividend yield for the trailing twelve months is around 2.47%, more than WTAI's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	2.47%	2.60%	2.63%	3.66%	3.23%	3.83%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	1.37%	1.81%	0.19%	0.24%	0.22%	0.00%

Frequently Asked Questions

Can I hold both DIVZ and WTAI in my portfolio?

DIVZ and WTAI have a correlation of -0.11, 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 WTAI?

WTAI has higher volatility (17.48%) compared to DIVZ (3.87%). In terms of maximum drawdown, DIVZ dropped -15.42% vs WTAI's -45.96%.

Which ETF is better, DIVZ or WTAI?

On 3-year performance, WTAI leads with 24.91% vs 14.07% for DIVZ. On fees, WTAI is cheaper at 0.45% per year. On volatility, DIVZ has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVZ or WTAI?

Over the 3-year period, WTAI has performed better with a 24.91% return vs 14.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVZ or WTAI?

WTAI is cheaper with a 0.45% expense ratio, compared with 0.65% for DIVZ.

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

DIVZ has the higher dividend yield at 2.47%, compared with 1.37% for WTAI.

What is the main difference between DIVZ and WTAI?

DIVZ is categorized as Large Cap Value Equities, while WTAI is Artificial Intelligence. They also come from different issuers: TrueShares and WisdomTree. Their fees differ too: 0.65% for DIVZ and 0.45% for WTAI.

Which has better risk-adjusted returns?

WTAI currently has the higher Sharpe Ratio (1.43 vs 1.14), 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.