DIVY vs DIVZ
Sound Equity Dividend Income ETF vs Polen Dividend Income ETF
Which is better, DIVY or DIVZ?
Each has led over a different period.
DIVY has a lower expense ratio. DIVY led over 1Y, DIVZ over the full window. DIVY is less concentrated, with 38.1% of the fund in its ten largest positions against 49.2%.
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 | DIVY | DIVZ |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.65% |
| AUM | $28M | $304M |
| Dividend Yield | 3.17% | 2.66% |
| Holdings | 37 | 58 |
| Volatility (annualized) | 16.3% | 14.4%Best |
| Max Drawdown | -18.3% | -15.4%Best |
| $10,000 over 4.4 years | $14,347 | $15,910Best |
| Top 10 Weight | 38.1%Best | 49.2% |
| Fund Family | Sound Income Strategies | TrueShares |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 30, 2020 | Jan 27, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 488 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DIVY has data through Oct 14, 2026 and DIVZ through Jun 13, 2025.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jan 28, 2021 to Jun 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
DIVY has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 14.4% for DIVZ. 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 -18.3% for DIVY and -15.4% for DIVZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVY charges 0.45% per year while DIVZ charges 0.65%. On a $10,000 position that is $45 vs $65 annually, a gap of $20 per year that compounds over a long holding period. On income, DIVY currently yields 3.17% against 2.66% for DIVZ.
Holdings Overlap
11.2% of DIVY's money is in holdings DIVZ also owns. 11.6% of DIVZ's money is in holdings DIVY also owns.
DIVZ and DIVY share little of their money.
4 positions in common, counted across the 36 positions we hold weights for in DIVY and 30 in DIVZ, against full books of 37 and 58.
What only one of them owns
Our book lists 26 positions for DIVZ that do not appear in our book for DIVY (88.4% of the fund), and 30 for DIVY that do not appear in DIVZ (82.3%).
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.
You are not choosing between two funds in isolation.
Whichever of DIVY and DIVZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVY or DIVZ?
DIVY has an expense ratio of 0.45% while DIVZ charges 0.65%. DIVY is the cheaper option, by $20 a year on a $10,000 investment.
Which is riskier, DIVY or DIVZ?
DIVY has been the more volatile fund at 16.3% annualized versus 14.4% for DIVZ. Worst drawdown: DIVY -18.3% vs DIVZ -15.4%.
Should I hold both DIVY and DIVZ?
DIVY and DIVZ have a monthly-return correlation of 0.89, 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 DIVY and DIVZ?
11.6% of DIVZ's money is in holdings DIVY also owns. 11.6% of DIVZ's is in holdings DIVY also owns. They hold 4 positions in common, counted across the 36 positions we hold weights for in DIVY and 30 in DIVZ.
Which pays a higher dividend, DIVY or DIVZ?
DIVY yields 3.17% while DIVZ yields 2.66%, so DIVY currently pays the higher dividend yield.
Is DIVZ better than DIVY?
DIVY has a lower expense ratio. DIVY led over 1Y, DIVZ over the full window. DIVY is less concentrated, with 38.1% of the fund in its ten largest positions against 49.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.