TGLR vs. UDIV

Last updated Aug 4, 2026

TGLR (Wedbush LAFFER|TENGLER New Era Value ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds. TGLR is actively managed, while UDIV is passively managed. Over the past year, TGLR returned 25.36% vs 27.20% for UDIV. Their correlation of 0.89 means they have usually moved in the same direction. TGLR charges 0.95%/yr vs 0.06%/yr for UDIV.

Performance

TGLR vs. UDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGLR achieves a 13.03% return, which is significantly lower than UDIV's 15.34% return.

TGLR

• 1D: 1.01%
• 1M: 1.21%
• 6M: 7.68%
• YTD: 13.03%
• 1Y: 25.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.26%

UDIV

• 1D: 1.29%
• 1M: 1.88%
• 6M: 12.09%
• YTD: 15.34%
• 1Y: 27.20%
• 3Y*: 22.93%
• 5Y*: 14.20%
• 10Y*: 11.74%
• ALL TIME*: 11.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TGLR Wedbush LAFFER|TENGLER New Era Value ETF	$127.00K	$118.29K	$218.46K
UDIV Franklin U.S. Core Dividend Tilt Index ETF	$440.44K	$429.58K	$923.42K

TGLR vs. UDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGLR Wedbush LAFFER|TENGLER New Era Value ETF	13.03%	23.30%	18.71%	4.88%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	15.34%	19.00%	25.61%	6.83%

Correlation

The correlation between TGLR and UDIV is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023	0.89

The correlation between TGLR and UDIV has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

TGLR vs. UDIV - Sectors Allocation Comparison

Sectors	TGLR	UDIV
Technology	24.6%	40.3%
Financial Services	15.2%	11.4%
Industrials	15.0%	6.0%
Consumer Cyclical	13.1%	8.9%
Healthcare	8.8%	7.7%
Energy	7.6%	3.3%
Consumer Defensive	4.7%	5.4%
Communication Services	3.7%	10.1%
Basic Materials	3.0%	0.7%
Utilities	2.1%	2.7%
Real Estate	2.1%	3.7%

Return for Risk

TGLR vs. UDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TGLR

TGLR Risk / Return Rank: 80
TGLR Sharpe Ratio Rank: 80
TGLR Sortino Ratio Rank: 81
TGLR Omega Ratio Rank: 78
TGLR Calmar Ratio Rank: 78
TGLR Martin Ratio Rank: 83

UDIV

UDIV Risk / Return Rank: 85
UDIV Sharpe Ratio Rank: 87
UDIV Sortino Ratio Rank: 84
UDIV Omega Ratio Rank: 85
UDIV Calmar Ratio Rank: 84
UDIV Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TGLR vs. UDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.

	TGLR	UDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.11	-0.18
Sortino ratio: Return per unit of downside risk	2.76	2.86	-0.10
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.96	3.24	-0.28
Martin ratio: Return relative to average drawdown	11.79	13.30	-1.51

TGLR vs. UDIV - Sharpe Ratio Comparison

The current TGLR Sharpe Ratio is 1.93, which is comparable to the UDIV Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of TGLR and UDIV, 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

TGLR vs. UDIV - Drawdown Comparison

The maximum TGLR drawdown since its inception was -19.82%, smaller than the maximum UDIV drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for TGLR and UDIV.

Drawdown Indicators

	TGLR	UDIV	Difference
Max Drawdown Largest peak-to-trough decline	-19.82%	-35.21%	+15.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-8.44%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.21%	—
Current Drawdown Current decline from peak	-0.72%	-0.39%	-0.33%
Average Drawdown Average peak-to-trough decline	-2.33%	-4.60%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.05%	+0.11%

Volatility

TGLR vs. UDIV - Volatility Comparison

The current volatility for Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) is 3.67%, while Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a volatility of 4.09%. This indicates that TGLR experiences smaller price fluctuations and is considered to be less risky than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGLR	UDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	4.09%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	10.33%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.24%	13.00%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	15.67%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	16.18%	-1.01%

TGLR vs. UDIV - Expense Ratio Comparison

TGLR has a 0.95% expense ratio, which is higher than UDIV's 0.06% expense ratio.

Dividends

TGLR vs. UDIV - Dividend Comparison

TGLR's dividend yield for the trailing twelve months is around 0.93%, less than UDIV's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TGLR Wedbush LAFFER|TENGLER New Era Value ETF	0.93%	1.16%	1.02%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.46%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both TGLR and UDIV in my portfolio?

TGLR and UDIV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGLR or UDIV?

UDIV has higher volatility (4.09%) compared to TGLR (3.67%). In terms of maximum drawdown, TGLR dropped -19.82% vs UDIV's -35.21%.

Which ETF is better, TGLR or UDIV?

On 1-year performance, UDIV leads with 27.20% vs 25.36% for TGLR. On fees, UDIV is cheaper at 0.06% per year. On volatility, TGLR has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGLR or UDIV?

Over the 1-year period, UDIV has performed better with a 27.20% return vs 25.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGLR or UDIV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.95% for TGLR.

Which ETF pays a higher dividend yield, TGLR or UDIV?

UDIV has the higher dividend yield at 1.46%, compared with 0.93% for TGLR.

What is the main difference between TGLR and UDIV?

They also come from different issuers: Wedbush and Franklin Templeton. Their fees differ too: 0.95% for TGLR and 0.06% for UDIV.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.11 vs 1.93), 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.