UDIV vs. DLN

Last updated Jun 4, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and DLN (WisdomTree US LargeCap Dividend ETF) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while DLN is a Large Cap Growth Equities fund tracking the WisdomTree LargeCap Dividend Index. Both are passively managed. Over the past 5 years, UDIV returned 14.04%/yr vs 12.22%/yr for DLN. Their correlation of 0.81 suggests significant overlap in exposure. UDIV charges 0.06%/yr vs 0.28%/yr for DLN.

Performance

UDIV vs. DLN - 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 WisdomTree US LargeCap Dividend ETF (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UDIV achieves a 14.99% return, which is significantly higher than DLN's 9.93% return.

UDIV

• 1D: -0.69%
• 1M: 6.05%
• YTD: 14.99%
• 6M: 14.91%
• 1Y: 33.63%
• 3Y*: 24.66%
• 5Y*: 14.04%
• 10Y*: —

DLN

• 1D: -0.51%
• 1M: 2.93%
• YTD: 9.93%
• 6M: 9.96%
• 1Y: 22.38%
• 3Y*: 18.35%
• 5Y*: 12.22%
• 10Y*: 12.68%

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

UDIV vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UDIV Franklin U.S. Core Dividend Tilt Index ETF	14.99%	19.00%	25.61%	25.21%	-15.00%	19.66%	5.54%	24.60%	-8.83%	17.44%
DLN WisdomTree US LargeCap Dividend ETF	9.93%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%

Correlation

The correlation between UDIV and DLN is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 6, 2016	0.81

The correlation between UDIV and DLN has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

UDIV vs. DLN - Sectors Allocation Comparison

Sectors	UDIV	DLN
Technology	39.0%	20.1%
Financial Services	11.3%	18.0%
Communication Services	10.7%	7.8%
Consumer Cyclical	8.7%	5.0%
Healthcare	7.4%	12.6%
Industrials	5.8%	7.9%
Consumer Defensive	5.7%	9.3%
Energy	3.7%	8.5%
Real Estate	3.7%	4.0%
Utilities	3.0%	5.9%
Basic Materials	0.8%	1.0%

Return for Risk

UDIV vs. DLN — Risk / Return Rank

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

UDIV

UDIV Risk / Return Rank: 83
UDIV Sharpe Ratio Rank: 85
UDIV Sortino Ratio Rank: 84
UDIV Omega Ratio Rank: 84
UDIV Calmar Ratio Rank: 78
UDIV Martin Ratio Rank: 86

DLN

DLN Risk / Return Rank: 77
DLN Sharpe Ratio Rank: 76
DLN Sortino Ratio Rank: 80
DLN Omega Ratio Rank: 75
DLN Calmar Ratio Rank: 73
DLN Martin Ratio Rank: 79

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. DLN - 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 WisdomTree US LargeCap Dividend ETF (DLN). 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.

	UDIV	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.83	2.53	+0.30
Sortino ratio: Return per unit of downside risk	3.81	3.64	+0.16
Omega ratio: Gain probability vs. loss probability	1.52	1.46	+0.06
Calmar ratio: Return relative to maximum drawdown	4.00	3.69	+0.32
Martin ratio: Return relative to average drawdown	18.28	15.59	+2.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDIV vs. DLN - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.83, which is comparable to the DLN Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of UDIV and DLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UDIV	DLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	2.53	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.93	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.53	+0.21

Drawdowns

UDIV vs. DLN - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for UDIV and DLN.

Drawdown Indicators

	UDIV	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-57.84%	+22.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-6.10%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-13.71%	-5.48%
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	-16.26%	-6.92%
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	-35.82%	+0.61%
Current Drawdown Current decline from peak	-0.69%	-0.51%	-0.18%
Average Drawdown Average peak-to-trough decline	-4.64%	-7.52%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.44%	+0.40%

Volatility

UDIV vs. DLN - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 2.98% compared to WisdomTree US LargeCap Dividend ETF (DLN) at 2.17%. This indicates that UDIV's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDIV	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	2.17%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	6.77%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	8.87%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	13.26%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	16.16%	+0.11%

UDIV vs. DLN - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than DLN's 0.28% expense ratio.

Dividends

UDIV vs. DLN - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.40%, less than DLN's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree US LargeCap Dividend ETF	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.40%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%	0.00%

Frequently Asked Questions

Can I hold both UDIV and DLN in my portfolio?

UDIV and DLN have a correlation of 0.80, 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 DLN?

UDIV has higher volatility (2.98%) compared to DLN (2.17%). In terms of maximum drawdown, UDIV dropped -35.21% vs DLN's -57.84%.

Which ETF is better, UDIV or DLN?

On 5-year performance, UDIV leads with 14.04% vs 12.22% for DLN. On fees, UDIV is cheaper at 0.06% per year. On volatility, DLN has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDIV or DLN?

Over the 5-year period, UDIV has performed better with a 14.04% return vs 12.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDIV or DLN?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.28% for DLN.

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

DLN has the higher dividend yield at 1.79%, compared with 1.40% for UDIV.

What is the main difference between UDIV and DLN?

UDIV is categorized as Dividend, while DLN is Large Cap Growth Equities. UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while DLN tracks WisdomTree LargeCap Dividend Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.06% for UDIV and 0.28% for DLN.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.83 vs 2.53), 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.