UDIV vs. DIVB
UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and DIVB (iShares Core Dividend ETF) are both Dividend funds - UDIV tracks the Linked Morningstar US Dividend Enhanced Select Index while DIVB tracks the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, UDIV returned 14.57%/yr vs 12.72%/yr for DIVB. Their correlation of 0.80 suggests significant overlap in exposure. UDIV charges 0.06%/yr vs 0.05%/yr for DIVB.
Performance
UDIV vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, UDIV achieves a 14.34% return, which is significantly lower than DIVB's 15.88% return.
UDIV
- 1D
- 1.29%
- 1M
- 1.62%
- YTD
- 14.34%
- 6M
- 14.67%
- 1Y
- 32.10%
- 3Y*
- 23.04%
- 5Y*
- 14.57%
- 10Y*
- 12.02%
DIVB
- 1D
- -0.21%
- 1M
- 2.71%
- YTD
- 15.88%
- 6M
- 15.71%
- 1Y
- 27.35%
- 3Y*
- 20.04%
- 5Y*
- 12.72%
- 10Y*
- —
UDIV vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 14.34% | 19.00% | 25.61% | 25.21% | -15.00% | 19.66% | 5.54% | 24.60% | -8.83% | 3.72% |
DIVB iShares Core Dividend ETF | 15.88% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between UDIV and DIVB is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.80 |
The correlation between UDIV and DIVB shifts across timeframes, from 0.67 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UDIV vs. DIVB — Risk / Return Rank
UDIV
DIVB
UDIV vs. DIVB - 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 iShares Core Dividend ETF (DIVB). 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 | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.42 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.03 | -0.25 |
| Martin ratioReturn relative to average drawdown | 16.66 | 13.51 | +3.14 |
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Drawdowns
UDIV vs. DIVB - Drawdown Comparison
The maximum UDIV drawdown since its inception was -35.21%, roughly equal to the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for UDIV and DIVB.
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Drawdown Indicators
| UDIV | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -36.93% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -6.82% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -15.45% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -21.08% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -2.16% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -4.97% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.03% | -0.12% |
Volatility
UDIV vs. DIVB - Volatility Comparison
Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and iShares Core Dividend ETF (DIVB) have volatilities of 4.83% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDIV | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 4.62% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 8.81% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 11.67% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 15.27% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 18.37% | -2.07% |
UDIV vs. DIVB - Expense Ratio Comparison
UDIV has a 0.06% expense ratio, which is higher than DIVB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UDIV vs. DIVB - Dividend Comparison
UDIV's dividend yield for the trailing twelve months is around 1.41%, less than DIVB's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.29% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 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
UDIV and DIVB have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UDIV has higher volatility (4.83%) compared to DIVB (4.62%). In terms of maximum drawdown, UDIV dropped -35.21% vs DIVB's -36.93%.
On 5-year performance, UDIV leads with 14.57% vs 12.72% for DIVB. On fees, DIVB is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UDIV has performed better with a 14.57% return vs 12.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.06% for UDIV.
DIVB has the higher dividend yield at 2.29%, compared with 1.10% for UDIV.
UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.06% for UDIV and 0.05% for DIVB.
UDIV currently has the higher Sharpe Ratio (2.55 vs 2.36), 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.
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