MEDX vs. DIVN
MEDX (Horizon Kinetics Medical ETF) and DIVN (Horizon Dividend Income ETF) are both exchange-traded funds - MEDX is a Health & Biotech Equities fund actively managed by Horizon, while DIVN is a Large Cap Value Equities fund managed by Horizon. A 0.51 correlation means they provide meaningful diversification when combined. MEDX charges 0.85%/yr vs 0.70%/yr for DIVN.
Performance
MEDX vs. DIVN - Performance Comparison
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Returns By Period
In the year-to-date period, MEDX achieves a 3.58% return, which is significantly lower than DIVN's 12.20% return.
MEDX
- 1D
- 1.52%
- 1M
- 2.01%
- YTD
- 3.58%
- 6M
- 2.81%
- 1Y
- 31.78%
- 3Y*
- 6.54%
- 5Y*
- —
- 10Y*
- —
DIVN
- 1D
- 0.43%
- 1M
- -0.34%
- YTD
- 12.20%
- 6M
- 11.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEDX vs. DIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MEDX Horizon Kinetics Medical ETF | 3.58% | 25.61% |
DIVN Horizon Dividend Income ETF | 12.20% | 8.11% |
Correlation
The correlation between MEDX and DIVN is 0.51, 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 Jun 26, 2025 | 0.51 |
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Return for Risk
MEDX vs. DIVN — Risk / Return Rank
MEDX
DIVN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEDX vs. DIVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Medical ETF (MEDX) 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.
| MEDX | DIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | — | — |
| Martin ratioReturn relative to average drawdown | 8.33 | — | — |
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Drawdowns
MEDX vs. DIVN - Drawdown Comparison
The maximum MEDX drawdown since its inception was -23.10%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for MEDX and DIVN.
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Drawdown Indicators
| MEDX | DIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.10% | -5.55% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | -1.61% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -1.42% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | — | — |
Volatility
MEDX vs. DIVN - Volatility Comparison
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Volatility by Period
| MEDX | DIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 10.57% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 10.57% | +6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 10.57% | +6.43% |
MEDX vs. DIVN - Expense Ratio Comparison
MEDX has a 0.85% expense ratio, which is higher than DIVN's 0.70% expense ratio.
Dividends
MEDX vs. DIVN - Dividend Comparison
MEDX's dividend yield for the trailing twelve months is around 1.19%, less than DIVN's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DIVN Horizon Dividend Income ETF | 3.11% | 1.47% | 0.00% | 0.00% |
MEDX Horizon Kinetics Medical ETF | 1.19% | 1.23% | 1.92% | 4.94% |
Frequently Asked Questions
MEDX and DIVN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIVN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIVN is cheaper with a 0.70% expense ratio, compared with 0.85% for MEDX.
DIVN has the higher dividend yield at 3.11%, compared with 1.19% for MEDX.
MEDX is categorized as Health & Biotech Equities, while DIVN is Large Cap Value Equities. Their fees differ too: 0.85% for MEDX and 0.70% for DIVN.
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