JAVA vs. DLN

Last updated Jun 25, 2026

JAVA (JPMorgan Active Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. JAVA is actively managed, while DLN is passively managed. Over the past 3 years, JAVA returned 16.74%/yr vs 18.05%/yr for DLN. Their correlation of 0.94 suggests significant overlap in exposure. JAVA charges 0.44%/yr vs 0.28%/yr for DLN.

Performance

JAVA vs. DLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) 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, JAVA achieves a 10.48% return, which is significantly higher than DLN's 9.74% return.

JAVA

• 1D: 0.10%
• 1M: 3.06%
• YTD: 10.48%
• 6M: 9.11%
• 1Y: 23.17%
• 3Y*: 16.74%
• 5Y*: —
• 10Y*: —

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

JAVA vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	10.48%	14.92%	15.52%	10.46%	-0.88%	5.02%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	19.66%	9.95%	-3.78%	11.01%

Correlation

The correlation between JAVA and DLN is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021	0.94

The correlation between JAVA and DLN has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

JAVA vs. DLN - Sectors Allocation Comparison

Sectors	JAVA	DLN
Financial Services	19.1%	17.4%
Technology	18.1%	22.8%
Industrials	14.2%	7.8%
Healthcare	12.3%	12.6%
Consumer Cyclical	9.4%	4.9%
Communication Services	7.7%	7.5%
Consumer Defensive	5.2%	8.9%
Energy	4.2%	7.9%
Utilities	3.7%	5.5%
Real Estate	3.2%	3.9%
Basic Materials	3.0%	1.0%

Return for Risk

JAVA vs. DLN — Risk / Return Rank

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

JAVA

JAVA Risk / Return Rank: 67
JAVA Sharpe Ratio Rank: 70
JAVA Sortino Ratio Rank: 72
JAVA Omega Ratio Rank: 67
JAVA Calmar Ratio Rank: 64
JAVA Martin Ratio Rank: 64

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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.

JAVA vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) 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.

	JAVA	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.28	-0.27
Sortino ratio: Return per unit of downside risk	2.86	3.26	-0.40
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.81	3.37	-0.56
Martin ratio: Return relative to average drawdown	10.31	14.09	-3.78

JAVA vs. DLN - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.01, which is comparable to the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of JAVA 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

JAVA vs. DLN - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for JAVA and DLN.

Drawdown Indicators

	JAVA	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-57.84%	+41.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-6.10%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-13.71%	-2.83%
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	-0.95%	-1.31%	+0.36%
Average Drawdown Average peak-to-trough decline	-3.59%	-7.50%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	1.45%	+0.80%

Volatility

JAVA vs. DLN - Volatility Comparison

JPMorgan Active Value ETF (JAVA) has a higher volatility of 3.94% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that JAVA'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

	JAVA	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	2.70%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	6.99%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	9.01%	+2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	13.26%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.81%	16.14%	-1.33%

JAVA vs. DLN - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

JAVA vs. DLN - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.22%, less than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
JAVA JPMorgan Active Value ETF	1.22%	1.34%	1.45%	1.65%	1.25%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JAVA and DLN in my portfolio?

With a correlation of 0.91, JAVA 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, JAVA or DLN?

JAVA has higher volatility (3.94%) compared to DLN (2.70%). In terms of maximum drawdown, JAVA dropped -16.54% vs DLN's -57.84%.

Which ETF is better, JAVA or DLN?

On 3-year performance, DLN leads with 18.05% vs 16.74% for JAVA. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JAVA or DLN?

Over the 3-year period, DLN has performed better with a 18.05% return vs 16.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JAVA or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.44% for JAVA.

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

DLN has the higher dividend yield at 1.80%, compared with 1.22% for JAVA.

What is the main difference between JAVA and DLN?

They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.44% for JAVA and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.28 vs 2.01), 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.