DIVP vs THRO
Cullen Enhanced Equity Income ETF vs iShares US Thematic Rotation Active ETF
Which is better, DIVP or THRO?
THRO has been ahead.
DIVP has a lower expense ratio. THRO led over 1Y and the full window. DIVP is less concentrated, with 36.4% of the fund in its ten largest positions against 43.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVP | THRO |
|---|---|---|
| Expense Ratio | 0.55%Best | 0.57% |
| AUM | $61M | $7.5B |
| Dividend Yield | 6.81% | 0.30% |
| Holdings | 47 | 251 |
| YTD Return | +9.06% | +14.55%Best |
| 1Y Return | +14.04% | +18.23%Best |
| 3Y Return (annualized) | - | +23.72% |
| Volatility (annualized) | 10.4%Best | 13.6% |
| Max Drawdown | -13.4%Best | -19.1% |
| $10,000 over 2.6 years | $12,357 | $15,415Best |
| Top 10 Weight | 36.4%Best | 43.5% |
| Fund Family | Cullen Funds | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 6, 2024 | Dec 14, 2021 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 7, 2024 to Oct 14, 2026 (2.6 years).
DIVP vs THRO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
DIVP vs THRO Performance
Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds and iShares US Thematic Rotation Active ETF (THRO) is an ETF from BlackRock, Inc. (US). Over the past year DIVP returned +14.04% while THRO returned +18.23%. Year to date, DIVP is up 9.06% versus a gain of 14.55% for THRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THRO has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.4% for DIVP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.4% for DIVP and -19.1% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVP charges 0.55% per year while THRO charges 0.57%. On a $10,000 position that is $55 vs $57 annually, a gap of $2 per year that compounds over a long holding period. On income, DIVP currently yields 6.81% against 0.30% for THRO.
Holdings Overlap
36.4% of DIVP's money is in holdings THRO also owns. 8.2% of THRO's money is in holdings DIVP also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 35 positions we hold weights for in DIVP and 247 in THRO, against full books of 47 and 251.
What only one of them owns
Our book lists 151 positions for THRO that do not appear in our book for DIVP (90.6% of the fund), and 20 for DIVP that do not appear in THRO (58.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVP | Weight in THRO | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 3.39% | 2.51% | 0.88% |
| UNHUnitedhealth Group Incorporated | 3.71% | 0.58% | 3.13% |
| JPMJpmorgan Chase | 1.57% | 2.59% | 1.02% |
| IBMInternational Business Machines Corp. | 3.31% | 0.58% | 2.73% |
| QCOMQualcomm Inc. | 2.95% | 0.64% | 2.31% |
| CCitigroup Inc. | 3.11% | 0.47% | 2.64% |
| MRKMerck & Company Inc | 3.47% | 0.04% | 3.43% |
| BMYBristol-Myers Squibb Co. | 3.42% | 0.00% | 3.42% |
| VZVerizon Communic | 3.04% | 0.37% | 2.67% |
| DUKDuke Energy Corp | 2.89% | 0.00% | 2.89% |
36.4% of DIVP is already inside THRO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVP or THRO?
DIVP has an expense ratio of 0.55% while THRO charges 0.57%. DIVP is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, DIVP or THRO?
Over the past year DIVP returned +14.04% vs +18.23% for THRO, so THRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVP or THRO?
THRO has been the more volatile fund at 13.6% annualized versus 10.4% for DIVP. Worst drawdown: DIVP -13.4% vs THRO -19.1%.
Should I hold both DIVP and THRO?
DIVP and THRO have a monthly-return correlation of 0.32, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVP and THRO?
36.4% of DIVP's money is in holdings THRO also owns. 8.2% of THRO's is in holdings DIVP also owns. They hold 13 positions in common, counted across the 35 positions we hold weights for in DIVP and 247 in THRO.
Which pays a higher dividend, DIVP or THRO?
DIVP yields 6.81% while THRO yields 0.30%, so DIVP currently pays the higher dividend yield.
Is THRO better than DIVP?
DIVP has a lower expense ratio. THRO led over 1Y and the full window. DIVP is less concentrated, with 36.4% of the fund in its ten largest positions against 43.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.