BEDY vs. DIVO

Last updated Jun 4, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon, while DIVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. BEDY charges 0.50%/yr vs 0.56%/yr for DIVO.

Performance

BEDY vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) 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, BEDY achieves a 10.40% return, which is significantly higher than DIVO's 5.53% return.

BEDY

• 1D: -0.33%
• 1M: 2.93%
• YTD: 10.40%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVO

• 1D: -0.54%
• 1M: 2.34%
• YTD: 5.53%
• 6M: 5.82%
• 1Y: 18.37%
• 3Y*: 15.35%
• 5Y*: 10.61%
• 10Y*: —

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

BEDY vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	10.40%	1.62%
DIVO Amplify CWP Enhanced Dividend Income ETF	5.53%	0.36%

Correlation

The correlation between BEDY and DIVO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.83

Return for Risk

BEDY vs. DIVO — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 61
DIVO Sharpe Ratio Rank: 59
DIVO Sortino Ratio Rank: 64
DIVO Omega Ratio Rank: 58
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 61

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.

BEDY vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEDY	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.06	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	0.85	+1.42

Drawdowns

BEDY vs. DIVO - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for BEDY and DIVO.

Drawdown Indicators

	BEDY	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-30.04%	+23.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.95%	—
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	-0.33%	-0.82%	+0.49%
Average Drawdown Average peak-to-trough decline	-1.36%	-2.61%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.64%	—

Volatility

Volatility by Period

	BEDY	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	8.97%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.98%	11.94%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.98%	14.84%	-2.86%

BEDY vs. DIVO - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

BEDY vs. DIVO - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.35%, less than DIVO's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEDY BNY Mellon Enhanced Dividend Income ETF	3.35%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.42%	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 BEDY and DIVO in my portfolio?

BEDY and DIVO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or DIVO?

On fees, BEDY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or DIVO?

BEDY is cheaper with a 0.50% expense ratio, compared with 0.56% for DIVO.

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

DIVO has the higher dividend yield at 6.42%, compared with 3.35% for BEDY.

What is the main difference between BEDY and DIVO?

BEDY is categorized as Large Cap Value Equities, while DIVO is Derivative Income. They also come from different issuers: BNY Mellon and Amplify. Their fees differ too: 0.50% for BEDY and 0.56% for DIVO.