DJD vs. ABEQ

Last updated Jun 24, 2026

DJD (Invesco Dow Jones Industrial Average Dividend ETF) and ABEQ (Absolute Select Value ETF) are both Large Cap Value Equities funds. DJD is passively managed, while ABEQ is actively managed. Over the past 5 years, DJD returned 10.97%/yr vs 8.05%/yr for ABEQ. A 0.79 correlation means they provide meaningful diversification when combined. DJD charges 0.07%/yr vs 0.85%/yr for ABEQ.

Performance

DJD vs. ABEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Absolute Select Value ETF (ABEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJD achieves a 11.47% return, which is significantly higher than ABEQ's 4.69% return.

DJD

• 1D: 0.80%
• 1M: 0.80%
• YTD: 11.47%
• 6M: 11.61%
• 1Y: 24.65%
• 3Y*: 17.77%
• 5Y*: 10.97%
• 10Y*: 12.66%

ABEQ

• 1D: 0.09%
• 1M: 0.01%
• YTD: 4.69%
• 6M: 3.56%
• 1Y: 10.41%
• 3Y*: 12.13%
• 5Y*: 8.05%
• 10Y*: —

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

DJD vs. ABEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DJD Invesco Dow Jones Industrial Average Dividend ETF	11.47%	15.83%	13.66%	9.41%	-0.73%	22.40%	0.31%
ABEQ Absolute Select Value ETF	4.69%	15.32%	12.68%	4.63%	-1.00%	12.49%	2.14%

Correlation

The correlation between DJD and ABEQ is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.79

The correlation between DJD and ABEQ shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

DJD vs. ABEQ - Sectors Allocation Comparison

Sectors	DJD	ABEQ
Healthcare	20.1%	6.1%
Financial Services	15.6%	29.8%
Technology	14.4%	4.4%
Communication Services	11.6%	6.2%
Consumer Cyclical	11.3%	-
Consumer Defensive	10.5%	7.0%
Industrials	8.8%	15.6%
Energy	6.1%	11.8%
Basic Materials	1.6%	19.4%
Real Estate	-	4.2%
Utilities	-	1.4%

Return for Risk

DJD vs. ABEQ — Risk / Return Rank

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

DJD

DJD Risk / Return Rank: 79
DJD Sharpe Ratio Rank: 80
DJD Sortino Ratio Rank: 86
DJD Omega Ratio Rank: 75
DJD Calmar Ratio Rank: 84
DJD Martin Ratio Rank: 72

ABEQ

ABEQ Risk / Return Rank: 30
ABEQ Sharpe Ratio Rank: 35
ABEQ Sortino Ratio Rank: 34
ABEQ Omega Ratio Rank: 31
ABEQ Calmar Ratio Rank: 28
ABEQ Martin Ratio Rank: 24

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.

DJD vs. ABEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Absolute Select Value ETF (ABEQ). 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.

	DJD	ABEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.17	+1.25
Sortino ratio: Return per unit of downside risk	3.64	1.69	+1.95
Omega ratio: Gain probability vs. loss probability	1.42	1.20	+0.22
Calmar ratio: Return relative to maximum drawdown	4.39	1.32	+3.07
Martin ratio: Return relative to average drawdown	12.91	2.94	+9.98

DJD vs. ABEQ - Sharpe Ratio Comparison

The current DJD Sharpe Ratio is 2.42, which is higher than the ABEQ Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of DJD and ABEQ, 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

DJD vs. ABEQ - Drawdown Comparison

The maximum DJD drawdown since its inception was -34.66%, which is greater than ABEQ's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for DJD and ABEQ.

Drawdown Indicators

	DJD	ABEQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-27.82%	-6.84%
Max Drawdown (1Y) Largest decline over 1 year	-5.64%	-7.89%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-12.28%	-7.95%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	-19.94%	-17.26%	-2.68%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-0.86%	-6.31%	+5.45%
Average Drawdown Average peak-to-trough decline	-3.73%	-4.10%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	3.55%	-1.64%

Volatility

DJD vs. ABEQ - Volatility Comparison

Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a higher volatility of 2.84% compared to Absolute Select Value ETF (ABEQ) at 2.11%. This indicates that DJD's price experiences larger fluctuations and is considered to be riskier than ABEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJD	ABEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.11%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	6.48%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	8.95%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	10.78%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	13.80%	+2.81%

DJD vs. ABEQ - Expense Ratio Comparison

DJD has a 0.07% expense ratio, which is lower than ABEQ's 0.85% expense ratio.

Dividends

DJD vs. ABEQ - Dividend Comparison

DJD's dividend yield for the trailing twelve months is around 2.49%, more than ABEQ's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABEQ Absolute Select Value ETF	1.19%	1.25%	1.48%	2.60%	1.20%	0.60%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%
DJD Invesco Dow Jones Industrial Average Dividend ETF	2.49%	2.62%	3.00%	3.49%	3.16%	2.82%	3.47%	2.80%	2.66%	2.75%	2.46%	0.08%

Frequently Asked Questions

Can I hold both DJD and ABEQ in my portfolio?

DJD and ABEQ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJD or ABEQ?

DJD has higher volatility (2.84%) compared to ABEQ (2.11%). In terms of maximum drawdown, DJD dropped -34.66% vs ABEQ's -27.82%.

Which ETF is better, DJD or ABEQ?

On 5-year performance, DJD leads with 10.97% vs 8.05% for ABEQ. On fees, DJD is cheaper at 0.07% per year. On volatility, ABEQ has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJD or ABEQ?

Over the 5-year period, DJD has performed better with a 10.97% return vs 8.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJD or ABEQ?

DJD is cheaper with a 0.07% expense ratio, compared with 0.85% for ABEQ.

Which ETF pays a higher dividend yield, DJD or ABEQ?

DJD has the higher dividend yield at 2.49%, compared with 1.19% for ABEQ.

What is the main difference between DJD and ABEQ?

They also come from different issuers: Invesco and Absolute Investment Advisers LLC. Their fees differ too: 0.07% for DJD and 0.85% for ABEQ.

Which has better risk-adjusted returns?

DJD currently has the higher Sharpe Ratio (2.42 vs 1.17), 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.