DVDN vs. DLN

Last updated Jun 25, 2026

DVDN (Kingsbarn Dividend Opportunity ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. DVDN is actively managed, while DLN is passively managed. Over the past year, DVDN returned -19.73% vs 20.43% for DLN. A 0.60 correlation means they provide meaningful diversification when combined. DVDN charges 1.72%/yr vs 0.28%/yr for DLN.

Performance

DVDN vs. DLN - Performance Comparison

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

Returns By Period

In the year-to-date period, DVDN achieves a -11.35% return, which is significantly lower than DLN's 9.74% return.

DVDN

• 1D: 0.19%
• 1M: -2.27%
• YTD: -11.35%
• 6M: -11.68%
• 1Y: -19.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

DVDN vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DVDN Kingsbarn Dividend Opportunity ETF	-11.35%	-17.23%	2.17%	16.65%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	19.66%	10.84%

Correlation

The correlation between DVDN and DLN is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.60

The correlation between DVDN and DLN has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.

DVDN vs. DLN - Sectors Allocation Comparison

Sectors	DVDN	DLN
Real Estate	79.8%	3.9%
Financial Services	20.2%	17.4%
Basic Materials	-	1.0%
Communication Services	-	7.5%
Consumer Cyclical	-	4.9%
Consumer Defensive	-	8.9%
Energy	-	7.9%
Healthcare	-	12.6%
Industrials	-	7.8%
Technology	-	22.8%
Utilities	-	5.5%

Return for Risk

DVDN vs. DLN — Risk / Return Rank

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

DVDN

DVDN Risk / Return Rank: 2
DVDN Sharpe Ratio Rank: 1
DVDN Sortino Ratio Rank: 2
DVDN Omega Ratio Rank: 2
DVDN Calmar Ratio Rank: 3
DVDN Martin Ratio Rank: 2

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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.

DVDN vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Dividend Opportunity ETF (DVDN) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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.

	DVDN	DLN	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	2.28	-3.39
Sortino ratio: Return per unit of downside risk	-1.50	3.26	-4.76
Omega ratio: Gain probability vs. loss probability	0.83	1.41	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.78	3.37	-4.15
Martin ratio: Return relative to average drawdown	-1.38	14.09	-15.48

DVDN vs. DLN - Sharpe Ratio Comparison

The current DVDN Sharpe Ratio is -1.11, which is lower than the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of DVDN and DLN, 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

DVDN vs. DLN - Drawdown Comparison

The maximum DVDN drawdown since its inception was -34.59%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for DVDN and DLN.

Drawdown Indicators

	DVDN	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-57.84%	+23.25%
Max Drawdown (1Y) Largest decline over 1 year	-25.34%	-6.10%	-19.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-32.97%	-1.31%	-31.66%
Average Drawdown Average peak-to-trough decline	-13.03%	-7.50%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	1.45%	+12.84%

Volatility

DVDN vs. DLN - Volatility Comparison

Kingsbarn Dividend Opportunity ETF (DVDN) has a higher volatility of 5.23% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that DVDN's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVDN	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	2.70%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	14.57%	6.99%	+7.58%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	9.01%	+8.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	13.26%	+5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	16.14%	+2.66%

DVDN vs. DLN - Expense Ratio Comparison

DVDN has a 1.72% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

DVDN vs. DLN - Dividend Comparison

DVDN's dividend yield for the trailing twelve months is around 15.04%, more than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
DVDN Kingsbarn Dividend Opportunity ETF	15.04%	17.27%	14.43%	2.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVDN and DLN in my portfolio?

DVDN and DLN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVDN or DLN?

DVDN has higher volatility (5.23%) compared to DLN (2.70%). In terms of maximum drawdown, DVDN dropped -34.59% vs DLN's -57.84%.

Which ETF is better, DVDN or DLN?

On 1-year performance, DLN leads with 20.43% vs -19.73% for DVDN. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVDN or DLN?

Over the 1-year period, DLN has performed better with a 20.43% return vs -19.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVDN or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 1.72% for DVDN.

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

DVDN has the higher dividend yield at 15.04%, compared with 1.80% for DLN.

What is the main difference between DVDN and DLN?

They also come from different issuers: Kingsbarn and WisdomTree. Their fees differ too: 1.72% for DVDN and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.28 vs -1.11), 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.