IVE vs. DLN

Last updated Jun 24, 2026

IVE (iShares S&P 500 Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds - IVE tracks the S&P 500 Value Index while DLN tracks the WisdomTree U.S. LargeCap Dividend Index. Both are passively managed. Over the past 10 years, IVE returned 12.03%/yr vs 12.86%/yr for DLN. With a 0.96 correlation, they move nearly in lockstep. IVE charges 0.18%/yr vs 0.28%/yr for DLN.

Performance

IVE vs. DLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Value ETF (IVE) and WisdomTree U.S. LargeCap Dividend Fund (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVE achieves a 7.48% return, which is significantly lower than DLN's 9.95% return. Over the past 10 years, IVE has underperformed DLN with an annualized return of 12.03%, while DLN has yielded a comparatively higher 12.86% annualized return.

IVE

• 1D: -0.27%
• 1M: -0.41%
• YTD: 7.48%
• 6M: 6.87%
• 1Y: 19.99%
• 3Y*: 15.05%
• 5Y*: 11.07%
• 10Y*: 12.03%

DLN

• 1D: -0.13%
• 1M: 0.05%
• YTD: 9.95%
• 6M: 9.49%
• 1Y: 21.42%
• 3Y*: 18.12%
• 5Y*: 12.49%
• 10Y*: 12.86%

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

IVE vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVE iShares S&P 500 Value ETF	7.48%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.95%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%

Correlation

The correlation between IVE 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	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.96

The correlation between IVE and DLN has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

IVE vs. DLN - Sectors Allocation Comparison

Sectors	IVE	DLN
Technology	22.4%	22.8%
Financial Services	14.6%	17.4%
Healthcare	11.5%	12.6%
Consumer Cyclical	11.1%	4.9%
Industrials	10.4%	7.8%
Consumer Defensive	8.9%	8.9%
Energy	7.0%	7.9%
Utilities	4.3%	5.5%
Real Estate	3.4%	3.9%
Basic Materials	3.3%	1.0%
Communication Services	3.2%	7.5%

Return for Risk

IVE vs. DLN — Risk / Return Rank

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

IVE

IVE Risk / Return Rank: 65
IVE Sharpe Ratio Rank: 64
IVE Sortino Ratio Rank: 64
IVE Omega Ratio Rank: 62
IVE Calmar Ratio Rank: 68
IVE Martin Ratio Rank: 69

DLN

DLN Risk / Return Rank: 78
DLN Sharpe Ratio Rank: 79
DLN Sortino Ratio Rank: 81
DLN Omega Ratio Rank: 77
DLN Calmar Ratio Rank: 73
DLN Martin Ratio Rank: 79

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.

IVE vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) 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.

	IVE	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.39	-0.36
Sortino ratio: Return per unit of downside risk	2.82	3.40	-0.58
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.07
Calmar ratio: Return relative to maximum drawdown	3.24	3.53	-0.29
Martin ratio: Return relative to average drawdown	12.29	14.80	-2.51

IVE vs. DLN - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 2.03, which is comparable to the DLN Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IVE 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

IVE vs. DLN - Drawdown Comparison

The maximum IVE drawdown since its inception was -61.32%, which is greater than DLN's maximum drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for IVE and DLN.

Drawdown Indicators

	IVE	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-61.32%	-57.84%	-3.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-6.10%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-13.71%	-3.87%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-16.26%	-1.78%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-35.82%	-1.22%
Current Drawdown Current decline from peak	-1.21%	-1.12%	-0.09%
Average Drawdown Average peak-to-trough decline	-10.08%	-7.50%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.45%	+0.18%

Volatility

IVE vs. DLN - Volatility Comparison

iShares S&P 500 Value ETF (IVE) has a higher volatility of 2.96% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.78%. This indicates that IVE'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

	IVE	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.78%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.33%	7.00%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	9.03%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	13.27%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	16.14%	+0.79%

IVE vs. DLN - Expense Ratio Comparison

IVE has a 0.18% expense ratio, which is lower than DLN's 0.28% expense ratio.

Dividends

IVE vs. DLN - Dividend Comparison

IVE's dividend yield for the trailing twelve months is around 1.57%, less 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%
IVE iShares S&P 500 Value ETF	1.57%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%

Frequently Asked Questions

Can I hold both IVE and DLN in my portfolio?

With a correlation of 0.93, IVE 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, IVE or DLN?

IVE has higher volatility (2.96%) compared to DLN (2.78%). In terms of maximum drawdown, IVE dropped -61.32% vs DLN's -57.84%.

Which ETF is better, IVE or DLN?

On 10-year performance, DLN leads with 12.86% vs 12.03% for IVE. On fees, IVE is cheaper at 0.18% 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, IVE or DLN?

Over the 10-year period, DLN has performed better with a 12.86% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVE or DLN?

IVE is cheaper with a 0.18% expense ratio, compared with 0.28% for DLN.

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

DLN has the higher dividend yield at 1.79%, compared with 1.57% for IVE.

What is the main difference between IVE and DLN?

IVE tracks S&P 500 Value Index, while DLN tracks WisdomTree U.S. LargeCap Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for IVE and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.39 vs 2.03), 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.