DLN vs. DJD

Last updated Aug 4, 2026

DLN (WisdomTree U.S. LargeCap Dividend Fund) and DJD (Invesco Dow Jones Industrial Average Dividend ETF) are both Large Cap Value Equities funds - DLN tracks the WisdomTree U.S. LargeCap Dividend Index while DJD tracks the Dow Jones Industrial Average Yield Weighted Index. Both are passively managed. Over the past 10 years, DLN returned 12.58%/yr vs 12.27%/yr for DJD. Their correlation of 0.83 means they have usually moved in the same direction. DLN charges 0.28%/yr vs 0.07%/yr for DJD.

Performance

DLN vs. DJD - Performance Comparison

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

Returns By Period

In the year-to-date period, DLN achieves a 13.81% return, which is significantly lower than DJD's 14.86% return. Both investments have delivered pretty close results over the past 10 years, with DLN having a 12.58% annualized return and DJD not far behind at 12.27%.

DLN

• 1D: 0.69%
• 1M: 2.28%
• 6M: 9.47%
• YTD: 13.81%
• 1Y: 22.57%
• 3Y*: 18.10%
• 5Y*: 12.59%
• 10Y*: 12.58%
• ALL TIME*: 9.89%

DJD

• 1D: 0.20%
• 1M: 0.15%
• 6M: 8.82%
• YTD: 14.86%
• 1Y: 25.87%
• 3Y*: 17.71%
• 5Y*: 11.55%
• 10Y*: 12.27%
• ALL TIME*: 12.53%

*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)
DJD Invesco Dow Jones Industrial Average Dividend ETF	$2.71M	$2.92M	$2.59M
DLN WisdomTree U.S. LargeCap Dividend Fund	$10.06M	$9.95M	$12.21M

DLN vs. DJD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLN WisdomTree U.S. LargeCap Dividend Fund	13.81%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%
DJD Invesco Dow Jones Industrial Average Dividend ETF	14.86%	15.83%	13.66%	9.41%	-0.73%	22.40%	0.87%	22.00%	0.03%	21.65%

Correlation

The correlation between DLN and DJD is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Dec 16, 2015	0.83

The correlation between DLN and DJD has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

DLN vs. DJD - Sectors Allocation Comparison

Sectors	DLN	DJD
Technology	21.6%	16.5%
Financial Services	17.7%	16.8%
Healthcare	13.4%	23.9%
Consumer Defensive	9.0%	11.5%
Industrials	8.0%	8.1%
Communication Services	7.7%	2.7%
Energy	7.0%	6.5%
Utilities	5.7%	-
Consumer Cyclical	4.9%	12.3%
Real Estate	3.9%	-
Basic Materials	1.0%	1.9%

Return for Risk

DLN vs. DJD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DLN

DLN Risk / Return Rank: 92
DLN Sharpe Ratio Rank: 93
DLN Sortino Ratio Rank: 93
DLN Omega Ratio Rank: 92
DLN Calmar Ratio Rank: 89
DLN Martin Ratio Rank: 91

DJD

DJD Risk / Return Rank: 92
DJD Sharpe Ratio Rank: 92
DJD Sortino Ratio Rank: 94
DJD Omega Ratio Rank: 91
DJD Calmar Ratio Rank: 93
DJD Martin Ratio Rank: 88

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.

DLN vs. DJD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. LargeCap Dividend Fund (DLN) and Invesco Dow Jones Industrial Average Dividend ETF (DJD). 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.

	DLN	DJD	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.47	+0.05
Sortino ratio: Return per unit of downside risk	3.58	3.72	-0.14
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.02
Calmar ratio: Return relative to maximum drawdown	3.72	4.61	-0.89
Martin ratio: Return relative to average drawdown	15.65	13.64	+2.01

DLN vs. DJD - Sharpe Ratio Comparison

The current DLN Sharpe Ratio is 2.53, which is comparable to the DJD Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of DLN and DJD, 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

DLN vs. DJD - Drawdown Comparison

The maximum DLN drawdown since its inception was -57.84%, which is greater than DJD's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for DLN and DJD.

Drawdown Indicators

	DLN	DJD	Difference
Max Drawdown Largest peak-to-trough decline	-57.84%	-34.66%	-23.18%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-5.64%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.71%	-12.28%	-1.43%
Max Drawdown (5Y) Largest decline over 5 years	-16.26%	-19.94%	+3.68%
Max Drawdown (10Y) Largest decline over 10 years	-35.82%	-34.66%	-1.16%
Current Drawdown Current decline from peak	0.00%	-1.16%	+1.16%
Average Drawdown Average peak-to-trough decline	-7.47%	-3.70%	-3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.90%	-0.45%

Volatility

DLN vs. DJD - Volatility Comparison

The current volatility for WisdomTree U.S. LargeCap Dividend Fund (DLN) is 2.34%, while Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a volatility of 3.82%. This indicates that DLN experiences smaller price fluctuations and is considered to be less risky than DJD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLN	DJD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	3.82%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	7.97%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	8.99%	10.52%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.24%	13.38%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	16.59%	-0.47%

DLN vs. DJD - Expense Ratio Comparison

DLN has a 0.28% expense ratio, which is higher than DJD's 0.07% expense ratio.

Dividends

DLN vs. DJD - Dividend Comparison

DLN's dividend yield for the trailing twelve months is around 1.74%, less than DJD's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJD Invesco Dow Jones Industrial Average Dividend ETF	2.42%	2.62%	3.00%	3.49%	3.16%	2.82%	3.47%	2.80%	2.66%	2.75%	2.46%	0.08%
DLN WisdomTree U.S. LargeCap Dividend Fund	1.74%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%

Frequently Asked Questions

Can I hold both DLN and DJD in my portfolio?

DLN and DJD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLN or DJD?

DJD has higher volatility (3.82%) compared to DLN (2.34%). In terms of maximum drawdown, DLN dropped -57.84% vs DJD's -34.66%.

Which ETF is better, DLN or DJD?

On 10-year performance, DLN leads with 12.58% vs 12.27% for DJD. On fees, DJD is cheaper at 0.07% per year. On volatility, DLN has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLN or DJD?

Over the 10-year period, DLN has performed better with a 12.58% return vs 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLN or DJD?

DJD is cheaper with a 0.07% expense ratio, compared with 0.28% for DLN.

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

DJD has the higher dividend yield at 2.42%, compared with 1.74% for DLN.

What is the main difference between DLN and DJD?

DLN tracks WisdomTree U.S. LargeCap Dividend Index, while DJD tracks Dow Jones Industrial Average Yield Weighted Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.28% for DLN and 0.07% for DJD.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.53 vs 2.47), 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.