DVND vs. DLN

Last updated Jun 23, 2026

DVND (Touchstone Dividend Select ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. DVND is actively managed, while DLN is passively managed. Over the past 3 years, DVND returned 16.03%/yr vs 18.17%/yr for DLN. Their correlation of 0.95 suggests significant overlap in exposure. DVND charges 0.68%/yr vs 0.28%/yr for DLN.

Performance

DVND vs. DLN - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with DVND having a 9.67% return and DLN slightly higher at 10.10%.

DVND

• 1D: -0.35%
• 1M: 0.17%
• YTD: 9.67%
• 6M: 9.15%
• 1Y: 21.60%
• 3Y*: 16.03%
• 5Y*: —
• 10Y*: —

DLN

• 1D: 0.12%
• 1M: 0.19%
• YTD: 10.10%
• 6M: 9.85%
• 1Y: 22.40%
• 3Y*: 18.17%
• 5Y*: 12.65%
• 10Y*: 12.87%

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

DVND vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DVND Touchstone Dividend Select ETF	9.67%	16.36%	11.57%	14.04%	1.22%
DLN WisdomTree U.S. LargeCap Dividend Fund	10.10%	15.53%	19.66%	9.95%	1.06%

Correlation

The correlation between DVND and DLN is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 4, 2022	0.95

The correlation between DVND and DLN has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

DVND vs. DLN - Sectors Allocation Comparison

Sectors	DVND	DLN
Technology	27.0%	22.8%
Financial Services	13.9%	17.4%
Healthcare	11.5%	12.6%
Industrials	9.2%	7.8%
Communication Services	8.9%	7.5%
Consumer Defensive	8.0%	8.9%
Consumer Cyclical	7.1%	4.9%
Energy	4.6%	7.9%
Basic Materials	4.3%	1.0%
Utilities	3.1%	5.5%
Real Estate	2.6%	3.9%

Return for Risk

DVND vs. DLN — Risk / Return Rank

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

DVND

DVND Risk / Return Rank: 65
DVND Sharpe Ratio Rank: 70
DVND Sortino Ratio Rank: 70
DVND Omega Ratio Rank: 67
DVND Calmar Ratio Rank: 58
DVND Martin Ratio Rank: 60

DLN

DLN Risk / Return Rank: 80
DLN Sharpe Ratio Rank: 81
DLN Sortino Ratio Rank: 83
DLN Omega Ratio Rank: 79
DLN Calmar Ratio Rank: 75
DLN Martin Ratio Rank: 81

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.

DVND vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Dividend Select ETF (DVND) 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.

	DVND	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.49	-0.33
Sortino ratio: Return per unit of downside risk	3.06	3.54	-0.48
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	2.78	3.69	-0.91
Martin ratio: Return relative to average drawdown	10.47	15.49	-5.03

DVND vs. DLN - Sharpe Ratio Comparison

The current DVND Sharpe Ratio is 2.16, which is comparable to the DLN Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DVND 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

DVND vs. DLN - Drawdown Comparison

The maximum DVND drawdown since its inception was -14.83%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for DVND and DLN.

Drawdown Indicators

	DVND	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-14.83%	-57.84%	+43.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-6.10%	-1.70%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-13.71%	-0.93%
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	-1.10%	-0.99%	-0.11%
Average Drawdown Average peak-to-trough decline	-2.43%	-7.51%	+5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.45%	+0.62%

Volatility

DVND vs. DLN - Volatility Comparison

Touchstone Dividend Select ETF (DVND) has a higher volatility of 3.34% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.78%. This indicates that DVND'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

	DVND	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.78%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	7.00%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	9.04%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	13.27%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	16.17%	-2.82%

DVND vs. DLN - Expense Ratio Comparison

DVND has a 0.68% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

DVND vs. DLN - Dividend Comparison

DVND's dividend yield for the trailing twelve months is around 1.81%, more than DLN's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
DVND Touchstone Dividend Select ETF	1.81%	1.93%	2.06%	2.05%	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVND and DLN in my portfolio?

With a correlation of 0.93, DVND and DLN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DVND or DLN?

DVND has higher volatility (3.34%) compared to DLN (2.78%). In terms of maximum drawdown, DVND dropped -14.83% vs DLN's -57.84%.

Which ETF is better, DVND or DLN?

On 3-year performance, DLN leads with 18.17% vs 16.03% for DVND. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVND or DLN?

Over the 3-year period, DLN has performed better with a 18.17% return vs 16.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVND or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.68% for DVND.

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

DVND has the higher dividend yield at 1.81%, compared with 1.79% for DLN.

What is the main difference between DVND and DLN?

They also come from different issuers: Touchstone and WisdomTree. Their fees differ too: 0.68% for DVND and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.49 vs 2.16), 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.