DBAW vs. IDVO

Last updated Jun 4, 2026

DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - DBAW is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA US Dollar Hedged Index, while IDVO is a Derivative Income fund actively managed by Amplify. DBAW is passively managed, while IDVO is actively managed. Over the past 3 years, DBAW returned 21.15%/yr vs 23.82%/yr for IDVO. Their correlation of 0.83 suggests significant overlap in exposure. DBAW charges 0.41%/yr vs 0.65%/yr for IDVO.

Performance

DBAW vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBAW achieves a 16.12% return, which is significantly higher than IDVO's 14.12% return.

DBAW

• 1D: -0.51%
• 1M: 6.28%
• YTD: 16.12%
• 6M: 18.39%
• 1Y: 36.60%
• 3Y*: 21.15%
• 5Y*: 11.32%
• 10Y*: 11.44%

IDVO

• 1D: -1.25%
• 1M: 2.08%
• YTD: 14.12%
• 6M: 14.66%
• 1Y: 35.28%
• 3Y*: 23.82%
• 5Y*: —
• 10Y*: —

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

DBAW vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	16.12%	26.47%	14.35%	16.26%	-2.68%
IDVO Amplify CWP International Enhanced Dividend Income ETF	14.12%	36.46%	10.16%	17.53%	5.47%

Correlation

The correlation between DBAW and IDVO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.83

The correlation between DBAW and IDVO has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

DBAW vs. IDVO - Sectors Allocation Comparison

Sectors	DBAW	IDVO
Financial Services	24.1%	18.3%
Technology	18.7%	8.7%
Industrials	15.0%	9.8%
Consumer Cyclical	7.9%	4.2%
Healthcare	7.2%	8.3%
Basic Materials	6.8%	15.7%
Consumer Defensive	5.3%	7.5%
Energy	5.3%	12.1%
Communication Services	5.0%	9.1%
Utilities	3.2%	6.4%
Real Estate	1.5%	-

Return for Risk

DBAW vs. IDVO — Risk / Return Rank

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

DBAW

DBAW Risk / Return Rank: 84
DBAW Sharpe Ratio Rank: 86
DBAW Sortino Ratio Rank: 86
DBAW Omega Ratio Rank: 87
DBAW Calmar Ratio Rank: 79
DBAW Martin Ratio Rank: 83

IDVO

IDVO Risk / Return Rank: 67
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 67
IDVO Calmar Ratio Rank: 67
IDVO Martin Ratio Rank: 70

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.

DBAW vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) 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.

	DBAW	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	2.86	2.27	+0.58
Sortino ratio: Return per unit of downside risk	3.90	3.05	+0.85
Omega ratio: Gain probability vs. loss probability	1.55	1.41	+0.14
Calmar ratio: Return relative to maximum drawdown	4.09	3.42	+0.67
Martin ratio: Return relative to average drawdown	16.97	13.25	+3.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBAW vs. IDVO - Sharpe Ratio Comparison

The current DBAW Sharpe Ratio is 2.86, which is comparable to the IDVO Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of DBAW and IDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBAW	IDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	2.27	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.38	-0.75

Drawdowns

DBAW vs. IDVO - Drawdown Comparison

The maximum DBAW drawdown since its inception was -31.44%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for DBAW and IDVO.

Drawdown Indicators

	DBAW	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-31.44%	-15.46%	-15.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-10.37%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-15.46%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.44%	—	—
Current Drawdown Current decline from peak	-0.51%	-1.25%	+0.74%
Average Drawdown Average peak-to-trough decline	-5.00%	-2.30%	-2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.67%	-0.51%

Volatility

DBAW vs. IDVO - Volatility Comparison

The current volatility for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is 4.71%, while Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a volatility of 5.20%. This indicates that DBAW experiences smaller price fluctuations and is considered to be less risky than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBAW	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	5.20%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	13.05%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	15.61%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	16.36%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	16.36%	-1.08%

DBAW vs. IDVO - Expense Ratio Comparison

DBAW has a 0.41% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

DBAW vs. IDVO - Dividend Comparison

DBAW's dividend yield for the trailing twelve months is around 3.29%, less than IDVO's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	3.29%	3.83%	1.70%	3.45%	8.81%	2.05%	2.08%	2.91%	2.93%	2.41%	1.99%	5.74%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.48%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBAW and IDVO in my portfolio?

DBAW and IDVO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBAW or IDVO?

IDVO has higher volatility (5.20%) compared to DBAW (4.71%). In terms of maximum drawdown, DBAW dropped -31.44% vs IDVO's -15.46%.

Which ETF is better, DBAW or IDVO?

On 3-year performance, IDVO leads with 23.82% vs 21.15% for DBAW. On fees, DBAW is cheaper at 0.41% per year. On volatility, DBAW has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBAW or IDVO?

Over the 3-year period, IDVO has performed better with a 23.82% return vs 21.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBAW or IDVO?

DBAW is cheaper with a 0.41% expense ratio, compared with 0.65% for IDVO.

Which ETF pays a higher dividend yield, DBAW or IDVO?

IDVO has the higher dividend yield at 5.48%, compared with 3.29% for DBAW.

What is the main difference between DBAW and IDVO?

DBAW is categorized as Foreign Large Cap Equities, while IDVO is Derivative Income. They also come from different issuers: Deutsche Bank and Amplify. Their fees differ too: 0.41% for DBAW and 0.65% for IDVO.

Which has better risk-adjusted returns?

DBAW currently has the higher Sharpe Ratio (2.86 vs 2.27), 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.