AIEQ vs. DIVO

Last updated Jun 21, 2026

AIEQ (Amplify AI Powered Equity ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - AIEQ is a Large Cap Growth Equities fund tracking the AI Powered Equity Index, while DIVO is a Derivative Income fund actively managed by Amplify. AIEQ is passively managed, while DIVO is actively managed. Over the past year, AIEQ returned 22.25% vs 18.24% for DIVO. A 0.69 correlation means they provide meaningful diversification when combined. AIEQ charges 0.75%/yr vs 0.56%/yr for DIVO.

Performance

AIEQ vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify AI Powered Equity ETF (AIEQ) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIEQ achieves a 9.94% return, which is significantly higher than DIVO's 5.17% return.

AIEQ

• 1D: 1.31%
• 1M: 1.25%
• YTD: 9.94%
• 6M: 9.90%
• 1Y: 22.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVO

• 1D: -0.67%
• 1M: 0.34%
• YTD: 5.17%
• 6M: 4.85%
• 1Y: 18.24%
• 3Y*: 14.69%
• 5Y*: 11.30%
• 10Y*: —

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

AIEQ vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIEQ Amplify AI Powered Equity ETF	9.94%	13.96%	15.21%
DIVO Amplify CWP Enhanced Dividend Income ETF	5.17%	17.40%	14.25%

Correlation

The correlation between AIEQ and DIVO is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.69

The correlation between AIEQ and DIVO has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

AIEQ vs. DIVO - Sectors Allocation Comparison

Sectors	AIEQ	DIVO
Technology	39.7%	14.6%
Financial Services	11.7%	30.3%
Communication Services	11.2%	1.0%
Industrials	10.4%	16.1%
Consumer Cyclical	9.7%	10.9%
Healthcare	6.7%	6.8%
Consumer Defensive	4.6%	7.4%
Basic Materials	2.8%	4.3%
Energy	2.8%	7.0%
Utilities	0.3%	1.9%
Real Estate	0.2%	-

Return for Risk

AIEQ vs. DIVO — Risk / Return Rank

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

AIEQ

AIEQ Risk / Return Rank: 52
AIEQ Sharpe Ratio Rank: 53
AIEQ Sortino Ratio Rank: 50
AIEQ Omega Ratio Rank: 52
AIEQ Calmar Ratio Rank: 51
AIEQ Martin Ratio Rank: 55

DIVO

DIVO Risk / Return Rank: 63
DIVO Sharpe Ratio Rank: 63
DIVO Sortino Ratio Rank: 68
DIVO Omega Ratio Rank: 59
DIVO Calmar Ratio Rank: 65
DIVO Martin Ratio Rank: 63

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.

AIEQ vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify AI Powered Equity ETF (AIEQ) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIEQ	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.98	-0.26
Sortino ratio: Return per unit of downside risk	2.36	2.93	-0.57
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.42	3.06	-0.65
Martin ratio: Return relative to average drawdown	9.19	10.98	-1.80

AIEQ vs. DIVO - Sharpe Ratio Comparison

The current AIEQ Sharpe Ratio is 1.72, which is comparable to the DIVO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of AIEQ and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIEQ vs. DIVO - Drawdown Comparison

The maximum AIEQ drawdown since its inception was -24.19%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for AIEQ and DIVO.

Drawdown Indicators

	AIEQ	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-24.19%	-30.04%	+5.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-5.95%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.72%	—
Current Drawdown Current decline from peak	-1.14%	-1.82%	+0.68%
Average Drawdown Average peak-to-trough decline	-3.28%	-2.60%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.65%	+0.74%

Volatility

AIEQ vs. DIVO - Volatility Comparison

Amplify AI Powered Equity ETF (AIEQ) has a higher volatility of 4.58% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.99%. This indicates that AIEQ's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIEQ	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	2.99%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	7.14%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.79%	9.21%	+3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	11.96%	+7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	14.83%	+4.65%

AIEQ vs. DIVO - Expense Ratio Comparison

AIEQ has a 0.75% expense ratio, which is higher than DIVO's 0.56% expense ratio.

Dividends

AIEQ vs. DIVO - Dividend Comparison

AIEQ's dividend yield for the trailing twelve months is around 0.39%, less than DIVO's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIEQ Amplify AI Powered Equity ETF	0.39%	0.43%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.44%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Frequently Asked Questions

Can I hold both AIEQ and DIVO in my portfolio?

AIEQ and DIVO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIEQ or DIVO?

AIEQ has higher volatility (4.58%) compared to DIVO (2.99%). In terms of maximum drawdown, AIEQ dropped -24.19% vs DIVO's -30.04%.

Which ETF is better, AIEQ or DIVO?

On 1-year performance, AIEQ leads with 22.25% vs 18.24% for DIVO. On fees, DIVO is cheaper at 0.56% per year. On volatility, DIVO has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIEQ or DIVO?

Over the 1-year period, AIEQ has performed better with a 22.25% return vs 18.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIEQ or DIVO?

DIVO is cheaper with a 0.56% expense ratio, compared with 0.75% for AIEQ.

Which ETF pays a higher dividend yield, AIEQ or DIVO?

DIVO has the higher dividend yield at 6.44%, compared with 0.39% for AIEQ.

What is the main difference between AIEQ and DIVO?

AIEQ is categorized as Large Cap Growth Equities, while DIVO is Derivative Income. Their fees differ too: 0.75% for AIEQ and 0.56% for DIVO.

Which has better risk-adjusted returns?

DIVO currently has the higher Sharpe Ratio (1.98 vs 1.72), 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.