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DVND vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVND vs. IWX

Last updated Aug 2, 2026
Documentation

DVND (Touchstone Dividend Select ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. DVND is actively managed, while IWX is passively managed. Over the past 3 years, DVND returned 14.65%/yr vs 18.98%/yr for IWX. Their correlation of 0.92 means they have usually moved in the same direction. DVND charges 0.68%/yr vs 0.20%/yr for IWX.

Performance

DVND vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Dividend Select ETF (DVND) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DVND achieves a 11.73% return, which is significantly lower than IWX's 20.90% return.

DVND

1D
0.39%
1M
1.06%
6M
7.45%
YTD
11.73%
1Y
20.25%
3Y*
14.65%
5Y*
—
10Y*
—
ALL TIME*
13.79%

IWX

1D
0.74%
1M
2.59%
6M
15.57%
YTD
20.90%
1Y
34.92%
3Y*
18.98%
5Y*
12.65%
10Y*
12.13%
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVND

Touchstone Dividend Select ETF
$14.66K$18.04K$170.45K

IWX

iShares Russell Top 200 Value ETF
$55.11M$49.72M$33.93M

DVND vs. IWX - Yearly Performance Comparison

2026 (YTD)2025202420232022
DVND
Touchstone Dividend Select ETF		11.73%16.36%11.57%14.04%1.22%
IWX
iShares Russell Top 200 Value ETF		20.90%18.23%14.89%10.45%0.74%

Correlation

The correlation between DVND and IWX is 0.88, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.88

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (All Time)
Calculated using the full available price history since Aug 4, 2022

0.92

The correlation between DVND and IWX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

DVND vs. IWX - Sectors Allocation Comparison

Sectors
DVND
IWX

Technology

24.6%
22.6%

Financial Services

14.6%
20.0%

Healthcare

12.4%
13.6%

Industrials

10.2%
8.3%

Communication Services

8.4%
3.5%

Consumer Defensive

8.3%
8.2%

Consumer Cyclical

7.2%
11.6%

Basic Materials

4.6%
2.8%

Energy

4.0%
5.1%

Utilities

3.3%
2.6%

Real Estate

2.4%
1.8%

Technology

DVND
24.6%
IWX
22.6%

Financial Services

DVND
14.6%
IWX
20.0%

Healthcare

DVND
12.4%
IWX
13.6%

Industrials

DVND
10.2%
IWX
8.3%

Communication Services

DVND
8.4%
IWX
3.5%

Consumer Defensive

DVND
8.3%
IWX
8.2%

Consumer Cyclical

DVND
7.2%
IWX
11.6%

Basic Materials

DVND
4.6%
IWX
2.8%

Energy

DVND
4.0%
IWX
5.1%

Utilities

DVND
3.3%
IWX
2.6%

Real Estate

DVND
2.4%
IWX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Touchstone Dividend Select ETF

iShares Russell Top 200 Value ETF

Often compared with DVND:
DVND vs. DIVYDVND vs. LCFDVND vs. TEMXDVND vs. SIODVND vs. TSELDVND vs. TSECDVND vs. TLCI
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

DVND vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DVND
DVND Risk / Return Rank: 7777
Overall Rank
DVND Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
DVND Sortino Ratio Rank: 8282
Sortino Ratio Rank
DVND Omega Ratio Rank: 8080
Omega Ratio Rank
DVND Calmar Ratio Rank: 7070
Calmar Ratio Rank
DVND Martin Ratio Rank: 7474
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9595
Overall Rank
IWX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

DVND vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Dividend Select ETF (DVND) and iShares Russell Top 200 Value ETF (IWX). 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.

DVNDIWXDifference
Sharpe ratioReturn per unit of total volatility
1.90
3.10

-1.19

Sortino ratioReturn per unit of downside risk
2.69
4.28

-1.59

Omega ratioGain probability vs. loss probability

1.34

1.55

-0.21

Calmar ratioReturn relative to maximum drawdown

2.46

5.05

-2.59

Martin ratioReturn relative to average drawdown

9.29

22.22

-12.92

DVND vs. IWX - Sharpe Ratio Comparison

The current DVND Sharpe Ratio is 1.90, which is lower than the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of DVND and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DVND vs. IWX - Drawdown Comparison

The maximum DVND drawdown since its inception was -14.83%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for DVND and IWX.

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Drawdown Indicators

DVNDIWXDifference

Max Drawdown

Largest peak-to-trough decline

-14.83%

-35.76%

+20.93%

Max Drawdown (1Y)

Largest decline over 1 year

-7.80%

-6.59%

-1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-14.64%

-13.37%

-1.27%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

-0.52%

0.00%

-0.52%

Average Drawdown

Average peak-to-trough decline

-2.38%

-3.79%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.50%

+0.56%

Volatility

DVND vs. IWX - Volatility Comparison

The current volatility for Touchstone Dividend Select ETF (DVND) is 2.94%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 3.10%. This indicates that DVND experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DVNDIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

3.10%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.57%

8.46%

-0.89%

Volatility (1Y)

Calculated over the trailing 1-year period

10.13%

10.81%

-0.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.25%

13.89%

-0.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.25%

16.48%

-3.23%

DVND vs. IWX - Expense Ratio Comparison

DVND has a 0.68% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

DVND vs. IWX - Dividend Comparison

DVND's dividend yield for the trailing twelve months is around 1.77%, more than IWX's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
DVND
Touchstone Dividend Select ETF		1.77%1.93%2.06%2.05%0.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.39%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

DVND and IWX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWX has higher volatility (3.10%) compared to DVND (2.94%). In terms of maximum drawdown, DVND dropped -14.83% vs IWX's -35.76%.

On 3-year performance, IWX leads with 18.98% vs 14.65% for DVND. On fees, IWX is cheaper at 0.20% per year. On volatility, DVND has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IWX has performed better with a 18.98% return vs 14.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.68% for DVND.

DVND has the higher dividend yield at 1.77%, compared with 1.39% for IWX.

They also come from different issuers: Touchstone and iShares. Their fees differ too: 0.68% for DVND and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.10 vs 1.90), 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.

Portfolio Optimizer

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