DJD vs. ROE

Last updated Jun 24, 2026

DJD (Invesco Dow Jones Industrial Average Dividend ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Large Cap Value Equities funds. DJD is passively managed, while ROE is actively managed. Over the past year, DJD returned 24.65% vs 35.20% for ROE. A 0.68 correlation means they provide meaningful diversification when combined. DJD charges 0.07%/yr vs 0.49%/yr for ROE.

Performance

DJD vs. ROE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Astoria US Equal Weight Quality Kings ETF (ROE). 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 lower than ROE's 19.29% 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%

ROE

• 1D: -2.17%
• 1M: 2.62%
• YTD: 19.29%
• 6M: 17.72%
• 1Y: 35.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DJD vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DJD Invesco Dow Jones Industrial Average Dividend ETF	11.47%	15.83%	13.66%	6.54%
ROE Astoria US Equal Weight Quality Kings ETF	19.29%	17.20%	18.34%	4.31%

Correlation

The correlation between DJD and ROE is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.68

The correlation between DJD and ROE shifts across timeframes, from 0.54 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

DJD vs. ROE - Sectors Allocation Comparison

Sectors	DJD	ROE
Healthcare	20.1%	8.1%
Financial Services	15.6%	10.6%
Technology	14.4%	40.3%
Communication Services	11.6%	10.4%
Consumer Cyclical	11.3%	8.9%
Consumer Defensive	10.5%	4.3%
Industrials	8.8%	8.7%
Energy	6.1%	3.3%
Basic Materials	1.6%	1.7%
Real Estate	-	1.8%
Utilities	-	2.0%

Return for Risk

DJD vs. ROE — 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

ROE

ROE Risk / Return Rank: 81
ROE Sharpe Ratio Rank: 80
ROE Sortino Ratio Rank: 77
ROE Omega Ratio Rank: 77
ROE Calmar Ratio Rank: 82
ROE Martin Ratio Rank: 88

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. ROE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Astoria US Equal Weight Quality Kings ETF (ROE). 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	ROE	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.39	+0.03
Sortino ratio: Return per unit of downside risk	3.64	3.17	+0.46
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	4.39	4.09	+0.31
Martin ratio: Return relative to average drawdown	12.91	17.99	-5.08

DJD vs. ROE - Sharpe Ratio Comparison

The current DJD Sharpe Ratio is 2.42, which is comparable to the ROE Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of DJD and ROE, 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. ROE - Drawdown Comparison

The maximum DJD drawdown since its inception was -34.66%, which is greater than ROE's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for DJD and ROE.

Drawdown Indicators

	DJD	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-19.10%	-15.56%
Max Drawdown (1Y) Largest decline over 1 year	-5.64%	-8.66%	+3.02%
Max Drawdown (3Y) Largest decline over 3 years	-12.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-0.86%	-2.17%	+1.31%
Average Drawdown Average peak-to-trough decline	-3.73%	-2.57%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.96%	-0.05%

Volatility

DJD vs. ROE - Volatility Comparison

The current volatility for Invesco Dow Jones Industrial Average Dividend ETF (DJD) is 2.84%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 6.40%. This indicates that DJD experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJD	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	6.40%	-3.56%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	11.76%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	14.84%	-4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	15.99%	-2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	15.99%	+0.62%

DJD vs. ROE - Expense Ratio Comparison

DJD has a 0.07% expense ratio, which is lower than ROE's 0.49% expense ratio.

Dividends

DJD vs. ROE - Dividend Comparison

DJD's dividend yield for the trailing twelve months is around 2.49%, more than ROE's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ROE Astoria US Equal Weight Quality Kings ETF	0.95%	0.97%	1.18%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DJD and ROE in my portfolio?

DJD and ROE have a correlation of 0.54, 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 ROE?

ROE has higher volatility (6.40%) compared to DJD (2.84%). In terms of maximum drawdown, DJD dropped -34.66% vs ROE's -19.10%.

Which ETF is better, DJD or ROE?

On 1-year performance, ROE leads with 35.20% vs 24.65% for DJD. On fees, DJD is cheaper at 0.07% per year. On volatility, DJD has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJD or ROE?

Over the 1-year period, ROE has performed better with a 35.20% return vs 24.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJD or ROE?

DJD is cheaper with a 0.07% expense ratio, compared with 0.49% for ROE.

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

DJD has the higher dividend yield at 2.49%, compared with 0.95% for ROE.

What is the main difference between DJD and ROE?

They also come from different issuers: Invesco and Astoria. Their fees differ too: 0.07% for DJD and 0.49% for ROE.

Which has better risk-adjusted returns?

DJD currently has the higher Sharpe Ratio (2.42 vs 2.39), 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.