UDIV vs. DDIV

Last updated Jun 23, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while DDIV is a Momentum fund tracking the Dorsey Wright Momentum Plus Dividend Yield Index. Both are passively managed. Over the past 10 years, UDIV returned 11.75%/yr vs 10.06%/yr for DDIV. A 0.70 correlation means they provide meaningful diversification when combined. UDIV charges 0.06%/yr vs 0.60%/yr for DDIV.

Performance

UDIV vs. DDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UDIV achieves a 13.99% return, which is significantly higher than DDIV's 8.45% return. Over the past 10 years, UDIV has outperformed DDIV with an annualized return of 11.75%, while DDIV has yielded a comparatively lower 10.06% annualized return.

UDIV

• 1D: -0.31%
• 1M: 0.61%
• YTD: 13.99%
• 6M: 13.60%
• 1Y: 31.69%
• 3Y*: 23.72%
• 5Y*: 14.35%
• 10Y*: 11.75%

DDIV

• 1D: 1.03%
• 1M: -0.40%
• YTD: 8.45%
• 6M: 6.85%
• 1Y: 22.50%
• 3Y*: 20.89%
• 5Y*: 10.45%
• 10Y*: 10.06%

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

UDIV vs. DDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UDIV Franklin U.S. Core Dividend Tilt Index ETF	13.99%	19.00%	25.61%	25.21%	-15.00%	19.66%	5.54%	24.60%	-8.83%	17.44%
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	8.45%	12.23%	27.18%	9.95%	-12.44%	39.96%	-3.59%	32.40%	-16.50%	11.31%

Correlation

The correlation between UDIV and DDIV is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016	0.70

The correlation between UDIV and DDIV shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

UDIV vs. DDIV - Sectors Allocation Comparison

Sectors	UDIV	DDIV
Technology	40.3%	1.0%
Financial Services	11.3%	22.2%
Communication Services	10.2%	2.8%
Consumer Cyclical	8.7%	5.4%
Healthcare	7.1%	4.0%
Industrials	5.9%	6.4%
Consumer Defensive	5.4%	7.6%
Real Estate	3.6%	15.4%
Energy	3.3%	27.0%
Utilities	3.1%	5.2%
Basic Materials	0.8%	3.0%

Return for Risk

UDIV vs. DDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UDIV

UDIV Risk / Return Rank: 81
UDIV Sharpe Ratio Rank: 83
UDIV Sortino Ratio Rank: 80
UDIV Omega Ratio Rank: 81
UDIV Calmar Ratio Rank: 76
UDIV Martin Ratio Rank: 84

DDIV

DDIV Risk / Return Rank: 45
DDIV Sharpe Ratio Rank: 46
DDIV Sortino Ratio Rank: 45
DDIV Omega Ratio Rank: 45
DDIV Calmar Ratio Rank: 41
DDIV Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UDIV vs. DDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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.

	UDIV	DDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.57	+0.97
Sortino ratio: Return per unit of downside risk	3.38	2.23	+1.16
Omega ratio: Gain probability vs. loss probability	1.46	1.28	+0.18
Calmar ratio: Return relative to maximum drawdown	3.77	2.00	+1.77
Martin ratio: Return relative to average drawdown	16.60	7.34	+9.26

UDIV vs. DDIV - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.54, which is higher than the DDIV Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of UDIV and DDIV, 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

UDIV vs. DDIV - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, smaller than the maximum DDIV drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for UDIV and DDIV.

Drawdown Indicators

	UDIV	DDIV	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-47.56%	+12.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-11.31%	+2.87%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-18.97%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	-21.10%	-2.08%
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	-47.56%	+12.35%
Current Drawdown Current decline from peak	-1.56%	-1.06%	-0.50%
Average Drawdown Average peak-to-trough decline	-4.63%	-6.00%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	3.07%	-1.16%

Volatility

UDIV vs. DDIV - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 4.77% compared to First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) at 3.10%. This indicates that UDIV's price experiences larger fluctuations and is considered to be riskier than DDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDIV	DDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	3.10%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	11.65%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	14.39%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	18.54%	-2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	19.92%	-3.62%

UDIV vs. DDIV - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than DDIV's 0.60% expense ratio.

Dividends

UDIV vs. DDIV - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.10%, less than DDIV's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	1.59%	1.94%	2.22%	3.18%	3.60%	2.43%	2.63%	2.93%	3.27%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.10%	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 UDIV and DDIV in my portfolio?

UDIV and DDIV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDIV or DDIV?

UDIV has higher volatility (4.77%) compared to DDIV (3.10%). In terms of maximum drawdown, UDIV dropped -35.21% vs DDIV's -47.56%.

Which ETF is better, UDIV or DDIV?

On 10-year performance, UDIV leads with 11.75% vs 10.06% for DDIV. On fees, UDIV is cheaper at 0.06% per year. On volatility, DDIV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDIV or DDIV?

Over the 10-year period, UDIV has performed better with a 11.75% return vs 10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDIV or DDIV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.60% for DDIV.

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

DDIV has the higher dividend yield at 1.59%, compared with 1.10% for UDIV.

What is the main difference between UDIV and DDIV?

UDIV is categorized as Dividend, while DDIV is Momentum. UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while DDIV tracks Dorsey Wright Momentum Plus Dividend Yield Index. They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.06% for UDIV and 0.60% for DDIV.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.54 vs 1.57), 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.