TDVG vs. DJD
Compare and contrast key facts about T. Rowe Price Dividend Growth ETF (TDVG) and Invesco Dow Jones Industrial Average Dividend ETF (DJD).
TDVG and DJD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDVG is an actively managed fund by T. Rowe Price Group, Inc.. It was launched on Aug 4, 2020. DJD is a passively managed fund by Invesco that tracks the performance of the Dow Jones Industrial Average Yield Weight. It was launched on Dec 16, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TDVG or DJD.
Key characteristics
| TDVG | DJD | |
|---|---|---|
| YTD Return | 18.24% | 16.81% |
| 1Y Return | 27.47% | 30.46% |
| 3Y Return (Ann) | 7.78% | 9.30% |
| Sharpe Ratio | 2.98 | 2.86 |
| Sortino Ratio | 4.14 | 4.26 |
| Omega Ratio | 1.56 | 1.53 |
| Calmar Ratio | 5.44 | 3.98 |
| Martin Ratio | 20.57 | 18.35 |
| Ulcer Index | 1.41% | 1.74% |
| Daily Std Dev | 9.72% | 11.11% |
| Max Drawdown | -19.20% | -34.66% |
| Current Drawdown | 0.00% | -1.51% |
Correlation
The correlation between TDVG and DJD is 0.81, 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.
Performance
TDVG vs. DJD - Performance Comparison
In the year-to-date period, TDVG achieves a 18.24% return, which is significantly higher than DJD's 16.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TDVG vs. DJD - Expense Ratio Comparison
TDVG has a 0.50% expense ratio, which is higher than DJD's 0.07% expense ratio.
Risk-Adjusted Performance
TDVG vs. DJD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) and Invesco Dow Jones Industrial Average Dividend ETF (DJD). 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.
Dividends
TDVG vs. DJD - Dividend Comparison
TDVG's dividend yield for the trailing twelve months is around 1.05%, less than DJD's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDVG T. Rowe Price Dividend Growth ETF | 1.05% | 1.31% | 1.15% | 0.80% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DJD Invesco Dow Jones Industrial Average Dividend ETF | 3.01% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 3.26% | 3.65% | 0.16% |
Drawdowns
TDVG vs. DJD - Drawdown Comparison
The maximum TDVG drawdown since its inception was -19.20%, smaller than the maximum DJD drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for TDVG and DJD. For additional features, visit the drawdowns tool.
Volatility
TDVG vs. DJD - Volatility Comparison
The current volatility for T. Rowe Price Dividend Growth ETF (TDVG) is 3.06%, while Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a volatility of 3.36%. This indicates that TDVG experiences smaller price fluctuations and is considered to be less risky than DJD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.