SPVU vs. DIVZ
Compare and contrast key facts about Invesco S&P 500 Enhanced Value ETF (SPVU) and Opal Dividend Income ETF (DIVZ).
SPVU and DIVZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Enhanced Value Index. It was launched on Oct 9, 2015. DIVZ is an actively managed fund by TrueShares. It was launched on Jan 27, 2021.
Performance
SPVU vs. DIVZ - Performance Comparison
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SPVU vs. DIVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPVU Invesco S&P 500 Enhanced Value ETF | 5.51% | 19.08% | 14.40% | 11.71% | -5.61% | 30.27% |
DIVZ Opal Dividend Income ETF | 1.91% | 16.72% | 18.44% | -0.51% | 3.51% | 19.74% |
Returns By Period
In the year-to-date period, SPVU achieves a 5.51% return, which is significantly higher than DIVZ's 1.91% return.
SPVU
- 1D
- 0.76%
- 1M
- -3.49%
- YTD
- 5.51%
- 6M
- 10.86%
- 1Y
- 18.92%
- 3Y*
- 17.49%
- 5Y*
- 11.27%
- 10Y*
- 12.17%
DIVZ
- 1D
- -1.10%
- 1M
- -5.56%
- YTD
- 1.91%
- 6M
- 2.65%
- 1Y
- 11.68%
- 3Y*
- 13.23%
- 5Y*
- 9.63%
- 10Y*
- —
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SPVU vs. DIVZ - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than DIVZ's 0.65% expense ratio.
Return for Risk
SPVU vs. DIVZ — Risk / Return Rank
SPVU
DIVZ
SPVU vs. DIVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Enhanced Value ETF (SPVU) 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.
| SPVU | DIVZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.97 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.36 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.35 | +0.19 |
Martin ratioReturn relative to average drawdown | 6.33 | 5.58 | +0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPVU | DIVZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.97 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.77 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.90 | -0.36 |
Correlation
The correlation between SPVU and DIVZ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPVU vs. DIVZ - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.28%, less than DIVZ's 2.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500 Enhanced Value ETF | 2.28% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
DIVZ Opal Dividend Income ETF | 2.71% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPVU vs. DIVZ - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, which is greater than DIVZ's maximum drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for SPVU and DIVZ.
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Drawdown Indicators
| SPVU | DIVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -15.42% | -32.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -8.47% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -15.42% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | — | — |
Current DrawdownCurrent decline from peak | -3.49% | -5.60% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -3.47% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.05% | +0.91% |
Volatility
SPVU vs. DIVZ - Volatility Comparison
Invesco S&P 500 Enhanced Value ETF (SPVU) has a higher volatility of 4.26% compared to Opal Dividend Income ETF (DIVZ) at 2.89%. This indicates that SPVU's price experiences larger fluctuations and is considered to be riskier than DIVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPVU | DIVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 2.89% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 6.66% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 12.06% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 12.59% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 12.61% | +8.47% |