BZQ vs. IDVO
BZQ (ProShares UltraShort MSCI Brazil Capped) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - BZQ is a Leveraged Equities fund tracking the MSCI Brazil 25-50 (-200%), while IDVO is a Derivative Income fund actively managed by Amplify. BZQ is passively managed, while IDVO is actively managed. Over the past 3 years, BZQ returned -19.62%/yr vs 21.99%/yr for IDVO. At a correlation of -0.61, they often move in opposite directions. BZQ charges 0.95%/yr vs 0.65%/yr for IDVO.
Performance
BZQ vs. IDVO - Performance Comparison
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Returns By Period
In the year-to-date period, BZQ achieves a -21.13% return, which is significantly lower than IDVO's 11.71% return.
BZQ
- 1D
- 0.89%
- 1M
- 11.08%
- YTD
- -21.13%
- 6M
- -22.40%
- 1Y
- -45.58%
- 3Y*
- -19.62%
- 5Y*
- -21.05%
- 10Y*
- -36.28%
IDVO
- 1D
- -1.65%
- 1M
- -1.08%
- YTD
- 11.71%
- 6M
- 10.97%
- 1Y
- 32.71%
- 3Y*
- 21.99%
- 5Y*
- —
- 10Y*
- —
BZQ vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -21.13% | -57.90% | 98.84% | -49.11% | -11.54% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 11.71% | 36.46% | 10.16% | 17.53% | 6.42% |
Correlation
The correlation between BZQ and IDVO is -0.70, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.61 |
The correlation between BZQ and IDVO has been stable across timeframes, ranging from -0.70 to -0.61 - a consistent structural relationship.
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Return for Risk
BZQ vs. IDVO — Risk / Return Rank
BZQ
IDVO
BZQ vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.
| BZQ | IDVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 3.17 | -3.87 |
| Martin ratioReturn relative to average drawdown | -1.10 | 12.03 | -13.13 |
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Drawdowns
BZQ vs. IDVO - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for BZQ and IDVO.
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Drawdown Indicators
| BZQ | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -15.46% | -84.36% |
Max Drawdown (1Y)Largest decline over 1 year | -65.20% | -10.37% | -54.83% |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | -15.46% | -61.85% |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.26% | — | — |
Current DrawdownCurrent decline from peak | -99.74% | -3.34% | -96.40% |
Average DrawdownAverage peak-to-trough decline | -84.56% | -2.30% | -82.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.49% | 2.73% | +38.76% |
Volatility
BZQ vs. IDVO - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 12.21% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 6.04%. This indicates that BZQ's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BZQ | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 6.04% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 39.49% | 13.94% | +25.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.03% | 16.37% | +33.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.34% | 16.49% | +38.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.75% | 16.49% | +50.26% |
BZQ vs. IDVO - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is higher than IDVO's 0.65% expense ratio.
Dividends
BZQ vs. IDVO - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 7.00%, more than IDVO's 5.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.00% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.60% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BZQ and IDVO have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (12.21%) compared to IDVO (6.04%). In terms of maximum drawdown, BZQ dropped -99.82% vs IDVO's -15.46%.
On 3-year performance, IDVO leads with 21.99% vs -19.62% for BZQ. On fees, IDVO is cheaper at 0.65% per year. On volatility, IDVO has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDVO has performed better with a 21.99% return vs -19.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDVO is cheaper with a 0.65% expense ratio, compared with 0.95% for BZQ.
BZQ has the higher dividend yield at 7.00%, compared with 5.60% for IDVO.
BZQ is categorized as Leveraged Equities, while IDVO is Derivative Income. They also come from different issuers: ProShares and Amplify. Their fees differ too: 0.95% for BZQ and 0.65% for IDVO.
IDVO currently has the higher Sharpe Ratio (2.01 vs -0.91), 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.
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