DUKZ vs. DUKX

Last updated Jun 23, 2026

DUKZ (Ocean Park Diversified Income ETF) and DUKX (Ocean Park International ETF) are both exchange-traded funds - DUKZ is a Nontraditional Bonds fund actively managed by Ocean Park, while DUKX is a Foreign Large Cap Equities fund actively managed by Ocean Park. Both are actively managed. Over the past year, DUKZ returned 7.99% vs 28.85% for DUKX. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 1.03% expense ratio.

Performance

DUKZ vs. DUKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park Diversified Income ETF (DUKZ) and Ocean Park International ETF (DUKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUKZ achieves a 2.81% return, which is significantly lower than DUKX's 12.39% return.

DUKZ

• 1D: -0.37%
• 1M: 1.27%
• YTD: 2.81%
• 6M: 2.86%
• 1Y: 7.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DUKX

• 1D: 0.39%
• 1M: 3.88%
• YTD: 12.39%
• 6M: 13.12%
• 1Y: 28.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUKZ vs. DUKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKZ Ocean Park Diversified Income ETF	2.81%	4.24%	2.55%
DUKX Ocean Park International ETF	12.39%	11.07%	-3.50%

Correlation

The correlation between DUKZ and DUKX is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.59

The correlation between DUKZ and DUKX shifts across timeframes, from 0.59 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DUKZ vs. DUKX — Risk / Return Rank

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

DUKZ

DUKZ Risk / Return Rank: 52
DUKZ Sharpe Ratio Rank: 52
DUKZ Sortino Ratio Rank: 52
DUKZ Omega Ratio Rank: 55
DUKZ Calmar Ratio Rank: 49
DUKZ Martin Ratio Rank: 52

DUKX

DUKX Risk / Return Rank: 59
DUKX Sharpe Ratio Rank: 62
DUKX Sortino Ratio Rank: 57
DUKX Omega Ratio Rank: 64
DUKX Calmar Ratio Rank: 63
DUKX Martin Ratio Rank: 50

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.

DUKZ vs. DUKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park Diversified Income ETF (DUKZ) and Ocean Park International ETF (DUKX). 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.

	DUKZ	DUKX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.00	-0.26
Sortino ratio: Return per unit of downside risk	2.44	2.64	-0.20
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	2.37	3.06	-0.69
Martin ratio: Return relative to average drawdown	8.57	8.27	+0.30

DUKZ vs. DUKX - Sharpe Ratio Comparison

The current DUKZ Sharpe Ratio is 1.74, which is comparable to the DUKX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of DUKZ and DUKX, 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

DUKZ vs. DUKX - Drawdown Comparison

The maximum DUKZ drawdown since its inception was -4.70%, smaller than the maximum DUKX drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for DUKZ and DUKX.

Drawdown Indicators

	DUKZ	DUKX	Difference
Max Drawdown Largest peak-to-trough decline	-4.70%	-19.52%	+14.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	-9.48%	+6.09%
Current Drawdown Current decline from peak	-0.37%	-0.39%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.13%	-5.40%	+4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	3.50%	-2.57%

Volatility

DUKZ vs. DUKX - Volatility Comparison

The current volatility for Ocean Park Diversified Income ETF (DUKZ) is 2.06%, while Ocean Park International ETF (DUKX) has a volatility of 6.51%. This indicates that DUKZ experiences smaller price fluctuations and is considered to be less risky than DUKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUKZ	DUKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	6.51%	-4.45%
Volatility (6M) Calculated over the trailing 6-month period	4.00%	12.36%	-8.36%
Volatility (1Y) Calculated over the trailing 1-year period	4.62%	14.54%	-9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	14.59%	-10.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.43%	14.59%	-10.16%

DUKZ vs. DUKX - Expense Ratio Comparison

Both DUKZ and DUKX have an expense ratio of 1.03%.

Dividends

DUKZ vs. DUKX - Dividend Comparison

DUKZ's dividend yield for the trailing twelve months is around 3.81%, more than DUKX's 2.21% yield.

Position	TTM	2025	2024
DUKX Ocean Park International ETF	2.21%	2.65%	1.93%
DUKZ Ocean Park Diversified Income ETF	3.81%	4.05%	2.44%

Frequently Asked Questions

Can I hold both DUKZ and DUKX in my portfolio?

DUKZ and DUKX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUKZ or DUKX?

DUKX has higher volatility (6.51%) compared to DUKZ (2.06%). In terms of maximum drawdown, DUKZ dropped -4.70% vs DUKX's -19.52%.

Which ETF is better, DUKZ or DUKX?

On 1-year performance, DUKX leads with 28.85% vs 7.99% for DUKZ. Both ETFs have the same 1.03% expense ratio. On volatility, DUKZ has been the lower-risk option at 2.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKZ or DUKX?

Over the 1-year period, DUKX has performed better with a 28.85% return vs 7.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKZ or DUKX?

DUKZ and DUKX have the same expense ratio: 1.03% per year.

Which ETF pays a higher dividend yield, DUKZ or DUKX?

DUKZ has the higher dividend yield at 3.81%, compared with 2.21% for DUKX.

What is the main difference between DUKZ and DUKX?

DUKZ is categorized as Nontraditional Bonds, while DUKX is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

DUKX currently has the higher Sharpe Ratio (2.00 vs 1.74), 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.