FRIZ vs. DLN

Last updated Jun 6, 2026

FRIZ (Franklin Dividend Growth ETF) and DLN (WisdomTree US LargeCap Dividend ETF) are both exchange-traded funds - FRIZ is a Dividend fund actively managed by Franklin Templeton, while DLN is a Large Cap Growth Equities fund tracking the WisdomTree LargeCap Dividend Index. FRIZ is actively managed, while DLN is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. FRIZ charges 0.49%/yr vs 0.28%/yr for DLN.

Performance

FRIZ vs. DLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Dividend Growth ETF (FRIZ) and WisdomTree US LargeCap Dividend ETF (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRIZ achieves a 2.78% return, which is significantly lower than DLN's 9.45% return.

FRIZ

• 1D: -0.76%
• 1M: 1.07%
• YTD: 2.78%
• 6M: 2.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLN

• 1D: -1.19%
• 1M: 1.22%
• YTD: 9.45%
• 6M: 9.63%
• 1Y: 22.58%
• 3Y*: 18.26%
• 5Y*: 12.12%
• 10Y*: 12.55%

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

FRIZ vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025
FRIZ Franklin Dividend Growth ETF	2.78%	3.14%
DLN WisdomTree US LargeCap Dividend ETF	9.45%	3.82%

Correlation

The correlation between FRIZ and DLN is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	0.87

Return for Risk

FRIZ vs. DLN — Risk / Return Rank

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

DLN

DLN Risk / Return Rank: 80
DLN Sharpe Ratio Rank: 80
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.

FRIZ vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Dividend Growth ETF (FRIZ) and WisdomTree US LargeCap Dividend ETF (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.

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

Sharpe Ratios by Period

	FRIZ	DLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.53	+0.26

Drawdowns

FRIZ vs. DLN - Drawdown Comparison

The maximum FRIZ drawdown since its inception was -7.84%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for FRIZ and DLN.

Drawdown Indicators

	FRIZ	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-7.84%	-57.84%	+50.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.10%	—
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	-0.76%	-1.19%	+0.43%
Average Drawdown Average peak-to-trough decline	-1.47%	-7.52%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.44%	—

Volatility

Volatility by Period

	FRIZ	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.15%	8.97%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	13.27%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	16.16%	-6.01%

FRIZ vs. DLN - Expense Ratio Comparison

FRIZ has a 0.49% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

FRIZ vs. DLN - Dividend Comparison

FRIZ's dividend yield for the trailing twelve months is around 0.50%, less than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree US LargeCap Dividend ETF	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
FRIZ Franklin Dividend Growth ETF	0.50%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRIZ and DLN in my portfolio?

FRIZ and DLN have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRIZ or DLN?

On fees, DLN is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRIZ or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.49% for FRIZ.

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

DLN has the higher dividend yield at 1.80%, compared with 0.50% for FRIZ.

What is the main difference between FRIZ and DLN?

FRIZ is categorized as Dividend, while DLN is Large Cap Growth Equities. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.49% for FRIZ and 0.28% for DLN.