GTR vs. DIVN

Last updated Aug 2, 2026

GTR (WisdomTree Target Range Fund) and DIVN (Horizon Dividend Income ETF) are both exchange-traded funds - GTR is a Options Trading fund actively managed by WisdomTree, while DIVN is a Large Cap Value Equities fund actively managed by Horizon. Both are actively managed. Over the past year, GTR returned 18.13% vs 22.54% for DIVN. Their 0.50 correlation means their historical movements had little consistent relationship. Both charge a 0.70% expense ratio.

Performance

GTR vs. DIVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Target Range Fund (GTR) and Horizon Dividend Income ETF (DIVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTR achieves a 9.02% return, which is significantly lower than DIVN's 14.80% return.

GTR

• 1D: 0.24%
• 1M: 0.39%
• 6M: 6.33%
• YTD: 9.02%
• 1Y: 18.13%
• 3Y*: 11.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.81%

DIVN

• 1D: 0.20%
• 1M: 1.14%
• 6M: 8.07%
• YTD: 14.80%
• 1Y: 22.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVN Horizon Dividend Income ETF	$10.90M	$5.41M	$2.61M
GTR WisdomTree Target Range Fund	$110.65K	$156.60K	$150.88K

GTR vs. DIVN - Yearly Performance Comparison

	2026 (YTD)	2025
GTR WisdomTree Target Range Fund	9.02%	9.33%
DIVN Horizon Dividend Income ETF	14.80%	8.11%

Correlation

The correlation between GTR and DIVN is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.50

Return for Risk

GTR vs. DIVN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTR

GTR Risk / Return Rank: 78
GTR Sharpe Ratio Rank: 77
GTR Sortino Ratio Rank: 77
GTR Omega Ratio Rank: 76
GTR Calmar Ratio Rank: 79
GTR Martin Ratio Rank: 83

DIVN

DIVN Risk / Return Rank: 88
DIVN Sharpe Ratio Rank: 89
DIVN Sortino Ratio Rank: 92
DIVN Omega Ratio Rank: 87
DIVN Calmar Ratio Rank: 91
DIVN Martin Ratio Rank: 84

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.

GTR vs. DIVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Target Range Fund (GTR) and Horizon Dividend Income ETF (DIVN). 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.

	GTR	DIVN	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.19	-0.43
Sortino ratio: Return per unit of downside risk	2.51	3.36	-0.85
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.87	4.08	-1.22
Martin ratio: Return relative to average drawdown	11.32	11.49	-0.17

GTR vs. DIVN - Sharpe Ratio Comparison

The current GTR Sharpe Ratio is 1.76, which is comparable to the DIVN Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of GTR and DIVN, 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

GTR vs. DIVN - Drawdown Comparison

The maximum GTR drawdown since its inception was -21.44%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for GTR and DIVN.

Drawdown Indicators

	GTR	DIVN	Difference
Max Drawdown Largest peak-to-trough decline	-21.44%	-5.55%	-15.89%
Max Drawdown (1Y) Largest decline over 1 year	-5.97%	-5.55%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-12.88%	—	—
Current Drawdown Current decline from peak	-0.15%	-1.39%	+1.24%
Average Drawdown Average peak-to-trough decline	-8.37%	-1.35%	-7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.97%	-0.46%

Volatility

GTR vs. DIVN - Volatility Comparison

The current volatility for WisdomTree Target Range Fund (GTR) is 2.34%, while Horizon Dividend Income ETF (DIVN) has a volatility of 3.15%. This indicates that GTR experiences smaller price fluctuations and is considered to be less risky than DIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTR	DIVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	3.15%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	7.14%	7.55%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	10.52%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.82%	10.53%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.82%	10.53%	+0.29%

GTR vs. DIVN - Expense Ratio Comparison

Both GTR and DIVN have an expense ratio of 0.70%.

Dividends

GTR vs. DIVN - Dividend Comparison

GTR's dividend yield for the trailing twelve months is around 5.32%, more than DIVN's 3.70% yield.

Position	TTM	2025	2024	2023	2022
DIVN Horizon Dividend Income ETF	3.70%	1.47%	0.00%	0.00%	0.00%
GTR WisdomTree Target Range Fund	5.32%	5.74%	5.30%	2.85%	0.46%

Frequently Asked Questions

Can I hold both GTR and DIVN in my portfolio?

GTR and DIVN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTR or DIVN?

DIVN has higher volatility (3.15%) compared to GTR (2.34%). In terms of maximum drawdown, GTR dropped -21.44% vs DIVN's -5.55%.

Which ETF is better, GTR or DIVN?

On 1-year performance, DIVN leads with 22.54% vs 18.13% for GTR. Both ETFs have the same 0.70% expense ratio. On volatility, GTR has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTR or DIVN?

Over the 1-year period, DIVN has performed better with a 22.54% return vs 18.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTR or DIVN?

GTR and DIVN have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, GTR or DIVN?

GTR has the higher dividend yield at 5.32%, compared with 3.70% for DIVN.

What is the main difference between GTR and DIVN?

GTR is categorized as Options Trading, while DIVN is Large Cap Value Equities. They also come from different issuers: WisdomTree and Horizon.

Which has better risk-adjusted returns?

DIVN currently has the higher Sharpe Ratio (2.19 vs 1.76), 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.