TVAL vs. DIVN
TVAL (T. Rowe Price Value ETF) and DIVN (Horizon Dividend Income ETF) are both Large Cap Value Equities funds. A 0.74 correlation means they provide meaningful diversification when combined. TVAL charges 0.33%/yr vs 0.70%/yr for DIVN.
Performance
TVAL vs. DIVN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TVAL achieves a 17.15% return, which is significantly higher than DIVN's 11.82% return.
TVAL
- 1D
- -1.03%
- 1M
- 1.78%
- YTD
- 17.15%
- 6M
- 16.52%
- 1Y
- 29.45%
- 3Y*
- 19.63%
- 5Y*
- —
- 10Y*
- —
DIVN
- 1D
- -0.34%
- 1M
- -0.67%
- YTD
- 11.82%
- 6M
- 11.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TVAL vs. DIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TVAL T. Rowe Price Value ETF | 17.15% | 10.29% |
DIVN Horizon Dividend Income ETF | 11.82% | 8.11% |
Correlation
The correlation between TVAL and DIVN is 0.74, 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 | 0.74 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TVAL vs. DIVN — Risk / Return Rank
TVAL
DIVN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TVAL vs. DIVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value ETF (TVAL) 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.
| TVAL | DIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | — | — |
| Martin ratioReturn relative to average drawdown | 17.29 | — | — |
Loading charts...
Drawdowns
TVAL vs. DIVN - Drawdown Comparison
The maximum TVAL drawdown since its inception was -14.84%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for TVAL and DIVN.
Loading charts...
Drawdown Indicators
| TVAL | DIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -5.55% | -9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.84% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.94% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -1.42% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | — | — |
Volatility
TVAL vs. DIVN - Volatility Comparison
Loading charts...
Volatility by Period
| TVAL | DIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 10.56% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 10.56% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.61% | 10.56% | +2.05% |
TVAL vs. DIVN - Expense Ratio Comparison
TVAL has a 0.33% expense ratio, which is lower than DIVN's 0.70% expense ratio.
Dividends
TVAL vs. DIVN - Dividend Comparison
TVAL's dividend yield for the trailing twelve months is around 0.98%, less than DIVN's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DIVN Horizon Dividend Income ETF | 3.12% | 1.47% | 0.00% | 0.00% |
TVAL T. Rowe Price Value ETF | 0.98% | 1.15% | 1.16% | 0.64% |
Frequently Asked Questions
TVAL and DIVN have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TVAL is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TVAL is cheaper with a 0.33% expense ratio, compared with 0.70% for DIVN.
DIVN has the higher dividend yield at 3.12%, compared with 0.98% for TVAL.
They also come from different issuers: T. Rowe Price and Horizon. Their fees differ too: 0.33% for TVAL and 0.70% for DIVN.
Find the right allocation for TVAL and DIVN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer