HWAY vs DVDN

Comparison between THEMES US INFRASTRUCTURE ETF (HWAY, ETF) and KINGSBARN DIVIDEND OPPORTUNITY ETF (DVDN, ETF).

HWAY is from the Industrials sector, while DVDN is from the Real Estate sector.

HWAY vs DVDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HWAY(ETF)	DVDN(ETF)
Net Assets	$3.30M	$3.40M
Expense Ratio	0.29%	1.65%
Max Drawdown	26.12%	48.15%
Sharpe Ratio	1.67	-1.27
5Y Beta	1.04	0.62
P/E Ratio	31.08	-11.70
Forward P/E	23.76	7.20
5Y EPS CAGR	17.59%	N/A
Debt to Equity	31.51%	66.46%
P/S Ratio	2.65	4.12
P/B Ratio	4.95	0.53

Net Assets

HWAY

$3.30M

Winner

DVDN

$3.40M

Expense Ratio

Winner

HWAY

0.29%

DVDN

1.65%

Max Drawdown

Winner

HWAY

26.12%

DVDN

48.15%

Sharpe Ratio

Winner

HWAY

1.67

DVDN

-1.27

5Y Beta

HWAY

1.04

Winner

DVDN

0.62

P/E Ratio

HWAY

31.08

Winner

DVDN

-11.70

Forward P/E

HWAY

23.76

Winner

DVDN

7.20

5Y EPS CAGR

HWAY

17.59%

DVDN

N/A

Debt to Equity

Winner

HWAY

31.51%

DVDN

66.46%

P/S Ratio

Winner

HWAY

2.65

DVDN

4.12

P/B Ratio

HWAY

4.95

Winner

DVDN

0.53

HWAY vs DVDN - Holdings Comparison

HWAY and DVDN have 0 common holdings. Overlap is 0.00%

HWAY's top 25 holdings weight is 71.56%. DVDN's top 25 holdings weight is 99.99%.

Rank	HWAY	DVDN
#1	QUANTA SERVICES INC (PWR) - 5.49%	TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 7.51%
#2	CATERPILLAR INC (CAT) - 4.96%	ANNALY CAPITAL MANAGEMENT INC (NLY) - 6.09%
#3	UNION PACIFIC CORP (UNP) - 4.64%	INVESCO MORTGAGE CAPITAL INC (IVR) - 6.08%
#4	CSX CORP (CSX) - 4.57%	ADAMAS TRUST INC (ADAM) - 6.08%
#5	EMERSON ELECTRIC CO (EMR) - 4.17%	ADVANCED FLOWER CAPITAL INC ORDINARY SHARES (AFCG) - 6.06%
#6	PARKER HANNIFIN CORP (PH) - 3.81%	AGNC INVESTMENT CORP (AGNC) - 5.97%
#7	NORFOLK SOUTHERN CORP (NSC) - 3.79%	ELLINGTON CREDIT CO (EARN) - 5.97%
#8	DEERE & CO (DE) - 3.68%	ORCHID ISLAND CAPITAL INC (ORC) - 5.90%
#9	CRH PLC (CRH) - 3.61%	GRANITE POINT MORTGAGE TRUST INC (GPMT) - 5.69%
#10	COMFORT SYSTEMS USA INC (FIX) - 3.48%	CLAROS MORTGAGE TRUST INC (CMTG) - 5.29%
#11	UNITED RENTALS INC (URI) - 3.19%	WHITEHORSE FINANCE INC (WHF) - 5.10%
#12	NUCOR CORP (NUE) - 2.93%	FS KKR CAPITAL CORP (FSK) - 5.07%
#13	W.W. GRAINGER INC (GWW) - 2.83%	BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 5.03%
#14	FASTENAL CO (FAST) - 2.69%	CARLYLE SECURED LENDING INC (CGBD) - 5.03%
#15	WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) - 2.33%	GREAT ELM CAPITAL. (GECC) - 5.03%
#16	EMCOR GROUP INC (EME) - 2.00%	CHIMERA INVESTMENT CORP (CIM) - 4.77%
#17	VULCAN MATERIALS CO (VMC) - 1.85%	ARBOR REALTY TRUST INC (ABR) - 4.67%
#18	MARTIN MARIETTA MATERIALS INC (MLM) - 1.81%	ARMOUR RESIDENTIAL REIT INC (ARR) - 4.65%
#19	STEEL DYNAMICS INC (STLD) - 1.79%	N/A
#20	DOVER CORP (DOV) - 1.52%	N/A
#21	XYLEM INC (XYL) - 1.44%	N/A
#22	AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.38%	N/A
#23	STERLING INFRASTRUCTURE INC (STRL) - 1.22%	N/A
#24	ATI INC (ATI) - 1.22%	N/A
#25	CARPENTER TECHNOLOGY CORP (CRS) - 1.16%	N/A
Total Holdings	102	18

HWAY vs DVDN - Historical Returns

Returns include dividend reinvestment.

Period	HWAY	DVDN
1 month	+2.46%	-2.10%
3 months	+16.45%	-1.03%
6 months	+21.08%	-10.68%
1 year	+42.28%	-19.03%
Max(CAGR)	+27.89%	-4.54%

Winner

HWAY

+2.46%

DVDN

-2.10%

Winner

HWAY

+16.45%

DVDN

-1.03%

Winner

HWAY

+21.08%

DVDN

-10.68%

Winner

HWAY

+42.28%

DVDN

-19.03%

Max(CAGR)

Winner

HWAY

+27.89%

DVDN

-4.54%

HWAY vs DVDN - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	HWAY	DVDN
2026	+21.51%	-10.09%
2025	+20.79%	-16.84%
2024	+3.38%	+2.56%
2023	N/A	+14.92%

HWAY vs DVDN Drawdown Comparison

The maximum drawdown for HWAY was -25.96%, occurring on Apr 8, 2025. Recovery took 164 trading sessions.

The maximum drawdown for DVDN was -34.38%, occurring on Mar 20, 2026. This drawdown has not yet recovered.

The current HWAY drawdown is -0.40%. The current DVDN drawdown is -31.03%.

Rank	HWAY	DVDN
#1	-25.96% Nov 25, 2024 - Jul 25, 2025	-34.38% Jul 23, 2024 - Mar 20, 2026
#2	-12.63% Feb 20, 2026 - Apr 23, 2026	-7.85% Jan 29, 2024 - Jul 10, 2024
#3	-7.19% May 6, 2026 - May 19, 2026	-4.22% Dec 27, 2023 - Jan 29, 2024
#4	-5.78% Oct 29, 2025 - Dec 3, 2025	-2.49% Dec 14, 2023 - Dec 26, 2023
#5	-3.97% Jul 25, 2025 - Aug 13, 2025	-2.15% Dec 4, 2023 - Dec 13, 2023
#6	-3.77% Dec 11, 2025 - Jan 6, 2026	-1.95% Jul 17, 2024 - Jul 23, 2024
#7	-3.51% Nov 6, 2024 - Nov 22, 2024	-1.68% Nov 3, 2023 - Nov 14, 2023
#8	-3.47% Oct 8, 2025 - Oct 21, 2025	-1.13% Nov 20, 2023 - Nov 29, 2023
#9	-3.12% Oct 18, 2024 - Nov 6, 2024	-0.93% Nov 15, 2023 - Nov 17, 2023
#10	-2.79% Sep 19, 2024 - Oct 11, 2024	N/A
#11	-2.43% Aug 22, 2025 - Sep 22, 2025	N/A
#12	-2.39% Apr 23, 2026 - Apr 30, 2026	N/A
#13	-2.29% Aug 13, 2025 - Aug 22, 2025	N/A
#14	-2.19% Feb 11, 2026 - Feb 20, 2026	N/A
#15	-2.18% Jan 6, 2026 - Jan 9, 2026	N/A