ESLV vs. DIVZ

Last updated Jul 12, 2026

ESLV (Eventide Large Cap Value ETF) and DIVZ (Opal Dividend Income ETF) are both Large Cap Value Equities funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. ESLV charges 0.39%/yr vs 0.65%/yr for DIVZ.

Performance

ESLV vs. DIVZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Large Cap Value ETF (ESLV) and Opal Dividend Income ETF (DIVZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESLV achieves a 13.95% return, which is significantly higher than DIVZ's 6.12% return.

ESLV

• 1D: 0.44%
• 1M: 2.70%
• 6M: 10.74%
• YTD: 13.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVZ

• 1D: 0.34%
• 1M: 0.21%
• 6M: 5.40%
• YTD: 6.12%
• 1Y: 10.95%
• 3Y*: 14.89%
• 5Y*: 9.54%
• 10Y*: —

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

ESLV vs. DIVZ - Yearly Performance Comparison

	2026 (YTD)	2025
ESLV Eventide Large Cap Value ETF	13.95%	1.96%
DIVZ Opal Dividend Income ETF	6.12%	0.93%

Correlation

The correlation between ESLV and DIVZ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.66

Return for Risk

ESLV vs. DIVZ — Risk / Return Rank

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

ESLV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DIVZ

DIVZ Risk / Return Rank: 38
DIVZ Sharpe Ratio Rank: 37
DIVZ Sortino Ratio Rank: 38
DIVZ Omega Ratio Rank: 34
DIVZ Calmar Ratio Rank: 45
DIVZ Martin Ratio Rank: 35

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.

ESLV vs. DIVZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Large Cap Value ETF (ESLV) and Opal Dividend Income ETF (DIVZ). 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.

	ESLV	DIVZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.10	—
Sortino ratio: Return per unit of downside risk	—	1.65	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.83	—
Martin ratio: Return relative to average drawdown	—	4.27	—

Drawdowns

ESLV vs. DIVZ - Drawdown Comparison

The maximum ESLV drawdown since its inception was -5.65%, smaller than the maximum DIVZ drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for ESLV and DIVZ.

Drawdown Indicators

	ESLV	DIVZ	Difference
Max Drawdown Largest peak-to-trough decline	-5.65%	-15.42%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Current Drawdown Current decline from peak	-0.28%	-1.70%	+1.42%
Average Drawdown Average peak-to-trough decline	-1.21%	-3.47%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.50%	—

Volatility

Volatility by Period

	ESLV	DIVZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.76%	9.72%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.76%	12.65%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	12.57%	-2.81%

ESLV vs. DIVZ - Expense Ratio Comparison

ESLV has a 0.39% expense ratio, which is lower than DIVZ's 0.65% expense ratio.

Dividends

ESLV vs. DIVZ - Dividend Comparison

ESLV's dividend yield for the trailing twelve months is around 0.91%, less than DIVZ's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	2.54%	2.60%	2.63%	3.66%	3.23%	3.83%
ESLV Eventide Large Cap Value ETF	0.91%	0.32%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESLV and DIVZ in my portfolio?

ESLV and DIVZ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESLV or DIVZ?

On fees, ESLV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESLV or DIVZ?

ESLV is cheaper with a 0.39% expense ratio, compared with 0.65% for DIVZ.

Which ETF pays a higher dividend yield, ESLV or DIVZ?

DIVZ has the higher dividend yield at 2.54%, compared with 0.91% for ESLV.

What is the main difference between ESLV and DIVZ?

They also come from different issuers: Eventide and TrueShares. Their fees differ too: 0.39% for ESLV and 0.65% for DIVZ.