DJD vs. VTV

Last updated Jun 23, 2026

DJD (Invesco Dow Jones Industrial Average Dividend ETF) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds - DJD tracks the Dow Jones Industrial Average Yield Weighted Index while VTV tracks the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, DJD returned 12.57%/yr vs 13.01%/yr for VTV. Their correlation of 0.85 suggests significant overlap in exposure. DJD charges 0.07%/yr vs 0.04%/yr for VTV.

Performance

DJD vs. VTV - Performance Comparison

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

Returns By Period

In the year-to-date period, DJD achieves a 10.58% return, which is significantly lower than VTV's 15.12% return. Both investments have delivered pretty close results over the past 10 years, with DJD having a 12.57% annualized return and VTV not far ahead at 13.01%.

DJD

• 1D: 0.10%
• 1M: 0.00%
• YTD: 10.58%
• 6M: 10.71%
• 1Y: 24.69%
• 3Y*: 17.46%
• 5Y*: 10.92%
• 10Y*: 12.57%

VTV

• 1D: 0.99%
• 1M: 3.67%
• YTD: 15.12%
• 6M: 14.64%
• 1Y: 28.84%
• 3Y*: 18.88%
• 5Y*: 12.52%
• 10Y*: 13.01%

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

DJD vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DJD Invesco Dow Jones Industrial Average Dividend ETF	10.58%	15.83%	13.66%	9.41%	-0.73%	22.40%	0.87%	22.00%	0.03%	21.65%
VTV Vanguard Value ETF	15.12%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between DJD and VTV 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	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 16, 2015	0.85

The correlation between DJD and VTV has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

DJD vs. VTV - Sectors Allocation Comparison

Sectors	DJD	VTV
Healthcare	20.1%	14.1%
Financial Services	15.6%	21.5%
Technology	14.4%	16.4%
Communication Services	11.6%	3.1%
Consumer Cyclical	11.3%	4.0%
Consumer Defensive	10.5%	8.9%
Industrials	8.8%	13.9%
Energy	6.1%	7.4%
Basic Materials	1.6%	3.0%
Real Estate	-	2.7%
Utilities	-	4.8%

Return for Risk

DJD vs. VTV — 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: 79
DJD Sortino Ratio Rank: 85
DJD Omega Ratio Rank: 74
DJD Calmar Ratio Rank: 84
DJD Martin Ratio Rank: 72

VTV

VTV Risk / Return Rank: 87
VTV Sharpe Ratio Rank: 88
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 86
VTV Calmar Ratio Rank: 86
VTV Martin Ratio Rank: 86

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. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Vanguard Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.79	-0.37
Sortino ratio: Return per unit of downside risk	3.64	3.97	-0.33
Omega ratio: Gain probability vs. loss probability	1.42	1.50	-0.08
Calmar ratio: Return relative to maximum drawdown	4.40	4.56	-0.16
Martin ratio: Return relative to average drawdown	12.94	17.20	-4.26

DJD vs. VTV - Sharpe Ratio Comparison

The current DJD Sharpe Ratio is 2.42, which is comparable to the VTV Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of DJD and VTV, 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. VTV - Drawdown Comparison

The maximum DJD drawdown since its inception was -34.66%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for DJD and VTV.

Drawdown Indicators

	DJD	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-59.27%	+24.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.64%	-6.35%	+0.71%
Max Drawdown (3Y) Largest decline over 3 years	-12.28%	-14.52%	+2.24%
Max Drawdown (5Y) Largest decline over 5 years	-19.94%	-17.04%	-2.90%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	-36.78%	+2.12%
Current Drawdown Current decline from peak	-1.64%	0.00%	-1.64%
Average Drawdown Average peak-to-trough decline	-3.73%	-7.85%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.68%	+0.23%

Volatility

DJD vs. VTV - Volatility Comparison

The current volatility for Invesco Dow Jones Industrial Average Dividend ETF (DJD) is 2.97%, while Vanguard Value ETF (VTV) has a volatility of 3.32%. This indicates that DJD experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJD	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.32%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	7.82%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	10.39%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	13.88%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	16.69%	-0.05%

DJD vs. VTV - Expense Ratio Comparison

DJD has a 0.07% expense ratio, which is higher than VTV's 0.04% 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. VTV - Dividend Comparison

DJD's dividend yield for the trailing twelve months is around 3.10%, more than VTV's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJD Invesco Dow Jones Industrial Average Dividend ETF	3.10%	2.62%	3.00%	3.49%	3.16%	2.82%	3.47%	2.80%	2.66%	2.75%	2.46%	0.08%
VTV Vanguard Value ETF	1.82%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both DJD and VTV in my portfolio?

DJD and VTV 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.

Which is riskier, DJD or VTV?

VTV has higher volatility (3.32%) compared to DJD (2.97%). In terms of maximum drawdown, DJD dropped -34.66% vs VTV's -59.27%.

Which ETF is better, DJD or VTV?

On 10-year performance, VTV leads with 13.01% vs 12.57% for DJD. On fees, VTV is cheaper at 0.04% per year. On volatility, DJD has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJD or VTV?

Over the 10-year period, VTV has performed better with a 13.01% return vs 12.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJD or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.07% for DJD.

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

DJD has the higher dividend yield at 3.10%, compared with 1.82% for VTV.

What is the main difference between DJD and VTV?

DJD tracks Dow Jones Industrial Average Yield Weighted Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.07% for DJD and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.79 vs 2.42), 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.