PVEX vs. DIVZ
PVEX (TrueShares ConVequity ETF) and DIVZ (Opal Dividend Income ETF) are both exchange-traded funds - PVEX is a Large Cap Blend Equities fund managed by TrueShares, while DIVZ is a Large Cap Value Equities fund actively managed by TrueShares. At a 0.27 correlation, their price movements are largely independent. PVEX charges 0.82%/yr vs 0.65%/yr for DIVZ.
Performance
PVEX vs. DIVZ - Performance Comparison
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Returns By Period
In the year-to-date period, PVEX achieves a 7.08% return, which is significantly higher than DIVZ's 4.86% return.
PVEX
- 1D
- -0.28%
- 1M
- -0.96%
- YTD
- 7.08%
- 6M
- 6.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVZ
- 1D
- 1.12%
- 1M
- -1.44%
- YTD
- 4.86%
- 6M
- 4.61%
- 1Y
- 12.20%
- 3Y*
- 15.51%
- 5Y*
- 9.40%
- 10Y*
- —
PVEX vs. DIVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PVEX TrueShares ConVequity ETF | 7.08% | 13.68% |
DIVZ Opal Dividend Income ETF | 4.86% | 6.01% |
Correlation
The correlation between PVEX and DIVZ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.27 |
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Return for Risk
PVEX vs. DIVZ — Risk / Return Rank
PVEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIVZ
PVEX vs. DIVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) and Opal Dividend Income ETF (DIVZ). 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.
| PVEX | DIVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.10 | — |
| Martin ratioReturn relative to average drawdown | — | 4.98 | — |
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Drawdowns
PVEX vs. DIVZ - Drawdown Comparison
The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum DIVZ drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for PVEX and DIVZ.
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Drawdown Indicators
| PVEX | DIVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.63% | -15.42% | +7.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.83% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Current DrawdownCurrent decline from peak | -3.17% | -2.87% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -3.48% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.45% | — |
Volatility
PVEX vs. DIVZ - Volatility Comparison
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Volatility by Period
| PVEX | DIVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 9.48% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 12.63% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 12.56% | +2.71% |
PVEX vs. DIVZ - Expense Ratio Comparison
PVEX has a 0.82% expense ratio, which is higher than DIVZ's 0.65% expense ratio.
Dividends
PVEX vs. DIVZ - Dividend Comparison
PVEX's dividend yield for the trailing twelve months is around 0.18%, less than DIVZ's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 2.55% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% |
PVEX TrueShares ConVequity ETF | 0.18% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PVEX and DIVZ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIVZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIVZ is cheaper with a 0.65% expense ratio, compared with 0.82% for PVEX.
DIVZ has the higher dividend yield at 2.55%, compared with 0.18% for PVEX.
PVEX is categorized as Large Cap Blend Equities, while DIVZ is Large Cap Value Equities. Their fees differ too: 0.82% for PVEX and 0.65% for DIVZ.
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