DIA vs. DIVO
Compare and contrast key facts about SPDR Dow Jones Industrial Average ETF (DIA) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
DIA and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIA or DIVO.
Performance
DIA vs. DIVO - Performance Comparison
Returns By Period
In the year-to-date period, DIA achieves a 16.92% return, which is significantly lower than DIVO's 18.05% return.
DIA
16.92%
0.49%
9.45%
26.38%
11.36%
11.73%
DIVO
18.05%
-0.49%
8.12%
23.74%
12.00%
N/A
Key characteristics
| DIA | DIVO | |
|---|---|---|
| Sharpe Ratio | 2.40 | 2.67 |
| Sortino Ratio | 3.41 | 3.88 |
| Omega Ratio | 1.45 | 1.49 |
| Calmar Ratio | 4.35 | 4.29 |
| Martin Ratio | 13.74 | 17.25 |
| Ulcer Index | 1.92% | 1.36% |
| Daily Std Dev | 10.98% | 8.78% |
| Max Drawdown | -51.87% | -30.04% |
| Current Drawdown | -1.86% | -1.33% |
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DIA vs. DIVO - Expense Ratio Comparison
DIA has a 0.16% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Correlation
The correlation between DIA and DIVO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DIA vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF (DIA) 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.
Dividends
DIA vs. DIVO - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.48%, less than DIVO's 4.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA SPDR Dow Jones Industrial Average ETF | 1.48% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.47% | 4.67% | 4.76% | 4.79% | 4.92% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIA vs. DIVO - Drawdown Comparison
The maximum DIA drawdown since its inception was -51.87%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for DIA and DIVO. For additional features, visit the drawdowns tool.
Volatility
DIA vs. DIVO - Volatility Comparison
SPDR Dow Jones Industrial Average ETF (DIA) has a higher volatility of 4.54% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 3.34%. This indicates that DIA'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.