UDIV vs. DIVI

Last updated Jun 23, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and DIVI (Franklin International Core Dividend Tilt Index ETF) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while DIVI is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Both are passively managed. Over the past 10 years, UDIV returned 11.75%/yr vs 11.95%/yr for DIVI. A 0.70 correlation means they provide meaningful diversification when combined. UDIV charges 0.06%/yr vs 0.09%/yr for DIVI.

Performance

UDIV vs. DIVI - 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 Franklin International Core Dividend Tilt Index ETF (DIVI). 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 DIVI's 12.98% return. Both investments have delivered pretty close results over the past 10 years, with UDIV having a 11.75% annualized return and DIVI not far ahead at 11.95%.

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%

DIVI

• 1D: 0.21%
• 1M: 2.00%
• YTD: 12.98%
• 6M: 13.39%
• 1Y: 30.71%
• 3Y*: 19.05%
• 5Y*: 13.96%
• 10Y*: 11.95%

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

UDIV vs. DIVI - 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%
DIVI Franklin International Core Dividend Tilt Index ETF	12.98%	34.86%	1.77%	18.97%	-1.21%	16.95%	1.29%	22.98%	-6.73%	13.65%

Correlation

The correlation between UDIV and DIVI 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 (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.75
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 DIVI has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

UDIV vs. DIVI - Sectors Allocation Comparison

Sectors	UDIV	DIVI
Technology	40.3%	12.2%
Financial Services	11.3%	29.7%
Communication Services	10.2%	4.1%
Consumer Cyclical	8.7%	7.1%
Healthcare	7.1%	7.3%
Industrials	5.9%	17.3%
Consumer Defensive	5.4%	6.4%
Real Estate	3.6%	2.1%
Energy	3.3%	3.2%
Utilities	3.1%	4.8%
Basic Materials	0.8%	5.2%

Return for Risk

UDIV vs. DIVI — 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

DIVI

DIVI Risk / Return Rank: 62
DIVI Sharpe Ratio Rank: 64
DIVI Sortino Ratio Rank: 62
DIVI Omega Ratio Rank: 61
DIVI Calmar Ratio Rank: 61
DIVI Martin Ratio Rank: 64

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. DIVI - 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 Franklin International Core Dividend Tilt Index ETF (DIVI). 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	DIVI	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.03	+0.51
Sortino ratio: Return per unit of downside risk	3.38	2.81	+0.57
Omega ratio: Gain probability vs. loss probability	1.46	1.36	+0.10
Calmar ratio: Return relative to maximum drawdown	3.77	2.93	+0.84
Martin ratio: Return relative to average drawdown	16.60	11.27	+5.33

UDIV vs. DIVI - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.54, which is comparable to the DIVI Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of UDIV and DIVI, 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. DIVI - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, which is greater than DIVI's maximum drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for UDIV and DIVI.

Drawdown Indicators

	UDIV	DIVI	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-27.76%	-7.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-10.54%	+2.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-14.58%	-4.61%
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	-18.53%	-4.65%
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	-27.76%	-7.45%
Current Drawdown Current decline from peak	-1.56%	0.00%	-1.56%
Average Drawdown Average peak-to-trough decline	-4.63%	-3.62%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.73%	-0.82%

Volatility

UDIV vs. DIVI - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and Franklin International Core Dividend Tilt Index ETF (DIVI) have volatilities of 4.77% and 4.76%, 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.

Volatility by Period

	UDIV	DIVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	4.76%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	12.78%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	15.22%	-2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	15.40%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	16.45%	-0.15%

UDIV vs. DIVI - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than DIVI's 0.09% expense ratio. Despite the difference, 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. DIVI - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.10%, less than DIVI's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVI Franklin International Core Dividend Tilt Index ETF	2.01%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%
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 DIVI in my portfolio?

UDIV and DIVI 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.

Which is riskier, UDIV or DIVI?

UDIV has higher volatility (4.77%) compared to DIVI (4.76%). In terms of maximum drawdown, UDIV dropped -35.21% vs DIVI's -27.76%.

Which ETF is better, UDIV or DIVI?

On 10-year performance, DIVI leads with 11.95% vs 11.75% for UDIV. On fees, UDIV is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDIV or DIVI?

Over the 10-year period, DIVI has performed better with a 11.95% return vs 11.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDIV or DIVI?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.09% for DIVI.

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

DIVI has the higher dividend yield at 2.01%, compared with 1.10% for UDIV.

What is the main difference between UDIV and DIVI?

UDIV is categorized as Dividend, while DIVI is Foreign Large Cap Equities. UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Their fees differ too: 0.06% for UDIV and 0.09% for DIVI.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.54 vs 2.03), 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.