DJD vs. DIVB
DJD (Invesco Dow Jones Industrial Average Dividend ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - DJD is a Large Cap Value Equities fund tracking the Dow Jones Industrial Average Yield Weighted Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, DJD returned 11.33%/yr vs 12.91%/yr for DIVB. Their correlation of 0.88 suggests significant overlap in exposure. DJD charges 0.07%/yr vs 0.05%/yr for DIVB.
Performance
DJD vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, DJD achieves a 14.41% return, which is significantly lower than DIVB's 22.13% return.
DJD
- 1D
- 0.25%
- 1M
- 1.76%
- 6M
- 11.60%
- YTD
- 14.41%
- 1Y
- 23.69%
- 3Y*
- 18.53%
- 5Y*
- 11.33%
- 10Y*
- 12.27%
DIVB
- 1D
- 0.94%
- 1M
- 3.79%
- 6M
- 19.39%
- YTD
- 22.13%
- 1Y
- 29.18%
- 3Y*
- 21.85%
- 5Y*
- 12.91%
- 10Y*
- —
DJD vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 14.41% | 15.83% | 13.66% | 9.41% | -0.73% | 22.40% | 0.87% | 22.00% | 0.03% | 5.75% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between DJD and DIVB is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.88 |
The correlation between DJD and DIVB has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
DJD vs. DIVB — Risk / Return Rank
DJD
DIVB
DJD vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) and iShares Core Dividend ETF (DIVB). 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 | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 4.30 | -0.07 |
| Martin ratioReturn relative to average drawdown | 12.48 | 14.43 | -1.95 |
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Drawdowns
DJD vs. DIVB - Drawdown Comparison
The maximum DJD drawdown since its inception was -34.66%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for DJD and DIVB.
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Drawdown Indicators
| DJD | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -36.93% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.64% | -6.82% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -15.45% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.94% | -21.08% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -4.94% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.03% | -0.13% |
Volatility
DJD vs. DIVB - Volatility Comparison
The current volatility for Invesco Dow Jones Industrial Average Dividend ETF (DJD) is 3.04%, while iShares Core Dividend ETF (DIVB) has a volatility of 3.92%. This indicates that DJD experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJD | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.92% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 9.02% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 11.90% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 15.30% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 18.34% | -1.78% |
DJD vs. DIVB - Expense Ratio Comparison
DJD has a 0.07% expense ratio, which is higher than DIVB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DJD vs. DIVB - Dividend Comparison
DJD's dividend yield for the trailing twelve months is around 2.43%, more than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
DJD Invesco Dow Jones Industrial Average Dividend ETF | 2.43% | 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
DJD and DIVB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (3.92%) compared to DJD (3.04%). In terms of maximum drawdown, DJD dropped -34.66% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.91% vs 11.33% for DJD. On fees, DIVB is cheaper at 0.05% per year. On volatility, DJD has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.91% return vs 11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.07% for DJD.
DJD has the higher dividend yield at 2.43%, compared with 2.17% for DIVB.
DJD is categorized as Large Cap Value Equities, while DIVB is Dividend. DJD tracks Dow Jones Industrial Average Yield Weighted Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.07% for DJD and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.47 vs 2.32), 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.
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