CMDY vs. DIVO
CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index, while DIVO is a Derivative Income fund actively managed by Amplify. CMDY is passively managed, while DIVO is actively managed. Over the past 5 years, CMDY returned 8.99%/yr vs 10.53%/yr for DIVO. At a 0.27 correlation, their price movements are largely independent. CMDY charges 0.28%/yr vs 0.56%/yr for DIVO.
Performance
CMDY vs. DIVO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMDY achieves a 13.95% return, which is significantly higher than DIVO's 4.85% return.
CMDY
- 1D
- 1.70%
- 1M
- -8.71%
- YTD
- 13.95%
- 6M
- 12.38%
- 1Y
- 24.13%
- 3Y*
- 11.30%
- 5Y*
- 8.99%
- 10Y*
- —
DIVO
- 1D
- -0.17%
- 1M
- -0.34%
- YTD
- 4.85%
- 6M
- 3.27%
- 1Y
- 16.51%
- 3Y*
- 14.96%
- 5Y*
- 10.53%
- 10Y*
- —
CMDY vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 13.95% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.13% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.85% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | 0.78% |
Correlation
The correlation between CMDY and DIVO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.27 |
The correlation between CMDY and DIVO shifts across timeframes, from -0.00 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMDY vs. DIVO — Risk / Return Rank
CMDY
DIVO
CMDY vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) 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.
| CMDY | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.79 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.33 | 9.90 | -2.57 |
Loading charts...
Drawdowns
CMDY vs. DIVO - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.19%, roughly equal to the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for CMDY and DIVO.
Loading charts...
Drawdown Indicators
| CMDY | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -30.04% | -1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.23% | -5.95% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -12.12% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.56% | -13.72% | -12.84% |
Current DrawdownCurrent decline from peak | -12.77% | -2.12% | -10.65% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -2.60% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.67% | +1.63% |
Volatility
CMDY vs. DIVO - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a higher volatility of 4.48% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.90%. This indicates that CMDY'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.
Loading charts...
Volatility by Period
| CMDY | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 2.90% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 7.10% | +7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 9.16% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 11.94% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 14.82% | -0.17% |
CMDY vs. DIVO - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than DIVO's 0.56% expense ratio.
Dividends
CMDY vs. DIVO - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 11.32%, more than DIVO's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 11.32% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.46% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% |
Frequently Asked Questions
CMDY and DIVO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDY has higher volatility (4.48%) compared to DIVO (2.90%). In terms of maximum drawdown, CMDY dropped -31.19% vs DIVO's -30.04%.
On 5-year performance, DIVO leads with 10.53% vs 8.99% for CMDY. On fees, CMDY is cheaper at 0.28% per year. On volatility, DIVO has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVO has performed better with a 10.53% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.56% for DIVO.
CMDY has the higher dividend yield at 11.32%, compared with 6.46% for DIVO.
CMDY is categorized as Commodities, while DIVO is Derivative Income. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.28% for CMDY and 0.56% for DIVO.
DIVO currently has the higher Sharpe Ratio (1.81 vs 1.48), 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.
Find the right allocation for CMDY and DIVO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer