WTV vs. DIVZ

Last updated Jun 5, 2026

WTV (WisdomTree US Value ETF) and DIVZ (Opal Dividend Income ETF) are both Large Cap Value Equities funds. WTV is passively managed, while DIVZ is actively managed. Over the past 5 years, WTV returned 13.36%/yr vs 8.52%/yr for DIVZ. A 0.80 correlation means they provide meaningful diversification when combined. WTV charges 0.12%/yr vs 0.65%/yr for DIVZ.

Performance

WTV vs. DIVZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Value ETF (WTV) and Opal Dividend Income ETF (DIVZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTV achieves a 11.47% return, which is significantly higher than DIVZ's 3.90% return.

WTV

• 1D: 0.86%
• 1M: 4.50%
• YTD: 11.47%
• 6M: 12.37%
• 1Y: 25.21%
• 3Y*: 22.93%
• 5Y*: 13.36%
• 10Y*: —

DIVZ

• 1D: 0.78%
• 1M: 0.45%
• YTD: 3.90%
• 6M: 4.40%
• 1Y: 12.20%
• 3Y*: 15.48%
• 5Y*: 8.52%
• 10Y*: —

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

WTV vs. DIVZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WTV WisdomTree US Value ETF	11.47%	13.51%	23.99%	22.35%	-8.06%	25.09%
DIVZ Opal Dividend Income ETF	3.90%	16.72%	18.44%	-0.51%	3.51%	19.74%

Correlation

The correlation between WTV and DIVZ is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.80

Over the past year, the correlation between WTV and DIVZ has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

WTV vs. DIVZ - Sectors Allocation Comparison

Sectors	WTV	DIVZ
Financial Services	19.5%	8.7%
Technology	15.3%	8.0%
Consumer Cyclical	10.7%	6.6%
Consumer Defensive	10.7%	20.0%
Industrials	10.5%	4.6%
Healthcare	7.3%	16.0%
Communication Services	6.9%	5.9%
Energy	6.8%	19.4%
Real Estate	5.3%	-
Utilities	4.8%	17.2%
Basic Materials	2.2%	5.7%

Return for Risk

WTV vs. DIVZ — Risk / Return Rank

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

WTV

WTV Risk / Return Rank: 67
WTV Sharpe Ratio Rank: 66
WTV Sortino Ratio Rank: 70
WTV Omega Ratio Rank: 64
WTV Calmar Ratio Rank: 72
WTV Martin Ratio Rank: 64

DIVZ

DIVZ Risk / Return Rank: 38
DIVZ Sharpe Ratio Rank: 38
DIVZ Sortino Ratio Rank: 38
DIVZ Omega Ratio Rank: 35
DIVZ Calmar Ratio Rank: 43
DIVZ Martin Ratio Rank: 35

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.

WTV vs. DIVZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Value ETF (WTV) and Opal Dividend Income ETF (DIVZ). 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.

	WTV	DIVZ	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.32	+0.82
Sortino ratio: Return per unit of downside risk	3.14	1.95	+1.19
Omega ratio: Gain probability vs. loss probability	1.38	1.23	+0.15
Calmar ratio: Return relative to maximum drawdown	3.54	2.10	+1.44
Martin ratio: Return relative to average drawdown	11.55	5.18	+6.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTV vs. DIVZ - Sharpe Ratio Comparison

The current WTV Sharpe Ratio is 2.15, which is higher than the DIVZ Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of WTV and DIVZ, 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

	WTV	DIVZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.32	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.68	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.90	-0.23

Drawdowns

WTV vs. DIVZ - Drawdown Comparison

The maximum WTV drawdown since its inception was -42.18%, which is greater than DIVZ's maximum drawdown of -15.42%. Use the drawdown chart below to compare losses from any high point for WTV and DIVZ.

Drawdown Indicators

	WTV	DIVZ	Difference
Max Drawdown Largest peak-to-trough decline	-42.18%	-15.42%	-26.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-5.83%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-9.52%	-8.97%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-15.42%	-3.88%
Current Drawdown Current decline from peak	-0.11%	-3.76%	+3.65%
Average Drawdown Average peak-to-trough decline	-5.05%	-3.49%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.36%	-0.17%

Volatility

WTV vs. DIVZ - Volatility Comparison

The current volatility for WisdomTree US Value ETF (WTV) is 3.01%, while Opal Dividend Income ETF (DIVZ) has a volatility of 3.41%. This indicates that WTV experiences smaller price fluctuations and is considered to be less risky than DIVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTV	DIVZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	3.41%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	7.92%	7.05%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	9.31%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	12.65%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.20%	12.57%	+7.63%

WTV vs. DIVZ - Expense Ratio Comparison

WTV has a 0.12% expense ratio, which is lower than DIVZ's 0.65% expense ratio.

Dividends

WTV vs. DIVZ - Dividend Comparison

WTV's dividend yield for the trailing twelve months is around 1.64%, less than DIVZ's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVZ Opal Dividend Income ETF	2.58%	2.60%	2.63%	3.66%	3.23%	3.83%	0.00%	0.00%	0.00%	0.00%
WTV WisdomTree US Value ETF	1.64%	1.59%	1.54%	1.62%	2.08%	1.55%	1.63%	1.44%	1.94%	0.41%

Frequently Asked Questions

Can I hold both WTV and DIVZ in my portfolio?

WTV and DIVZ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTV or DIVZ?

DIVZ has higher volatility (3.41%) compared to WTV (3.01%). In terms of maximum drawdown, WTV dropped -42.18% vs DIVZ's -15.42%.

Which ETF is better, WTV or DIVZ?

On 5-year performance, WTV leads with 13.36% vs 8.52% for DIVZ. On fees, WTV is cheaper at 0.12% per year. On volatility, WTV has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTV or DIVZ?

Over the 5-year period, WTV has performed better with a 13.36% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTV or DIVZ?

WTV is cheaper with a 0.12% expense ratio, compared with 0.65% for DIVZ.

Which ETF pays a higher dividend yield, WTV or DIVZ?

DIVZ has the higher dividend yield at 2.58%, compared with 1.64% for WTV.

What is the main difference between WTV and DIVZ?

They also come from different issuers: WisdomTree and TrueShares. Their fees differ too: 0.12% for WTV and 0.65% for DIVZ.

Which has better risk-adjusted returns?

WTV currently has the higher Sharpe Ratio (2.15 vs 1.32), 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.