DIVO vs. AMDW

Last updated Aug 4, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, DIVO returned 18.65% vs 214.50% for AMDW. Their 0.21 correlation means their historical movements had little consistent relationship. DIVO charges 0.56%/yr vs 0.99%/yr for AMDW.

Performance

DIVO vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVO achieves a 8.84% return, which is significantly lower than AMDW's 150.89% return.

DIVO

• 1D: 0.43%
• 1M: 1.83%
• 6M: 4.60%
• YTD: 8.84%
• 1Y: 18.65%
• 3Y*: 15.15%
• 5Y*: 10.88%
• 10Y*: —
• ALL TIME*: 12.67%

AMDW

• 1D: 1.68%
• 1M: -8.62%
• 6M: 113.70%
• YTD: 150.89%
• 1Y: 214.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 231.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDW Roundhill AMD WeeklyPay ETF	$10.29M	$9.36M	$8.60M
DIVO Amplify CWP Enhanced Dividend Income ETF	$39.53M	$36.43M	$38.60M

DIVO vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
DIVO Amplify CWP Enhanced Dividend Income ETF	8.84%	7.00%
AMDW Roundhill AMD WeeklyPay ETF	150.89%	36.56%

Correlation

The correlation between DIVO and AMDW is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.21

DIVO vs. AMDW - Sectors Allocation Comparison

Sectors	DIVO	AMDW
Financial Services	23.2%	-
Technology	17.4%	19.3%
Industrials	16.7%	-
Consumer Cyclical	11.4%	-
Consumer Defensive	8.2%	-
Healthcare	8.2%	-
Energy	7.2%	-
Basic Materials	4.5%	-
Utilities	2.2%	-
Communication Services	1.0%	-
Real Estate	-	-

Return for Risk

DIVO vs. AMDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVO

DIVO Risk / Return Rank: 84
DIVO Sharpe Ratio Rank: 85
DIVO Sortino Ratio Rank: 87
DIVO Omega Ratio Rank: 83
DIVO Calmar Ratio Rank: 83
DIVO Martin Ratio Rank: 82

AMDW

AMDW Risk / Return Rank: 89
AMDW Sharpe Ratio Rank: 93
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 83
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVO vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

	DIVO	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.52	-0.51
Sortino ratio: Return per unit of downside risk	2.98	3.02	-0.04
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	3.15	6.23	-3.08
Martin ratio: Return relative to average drawdown	11.15	12.22	-1.08

DIVO vs. AMDW - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 2.02, which is comparable to the AMDW Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of DIVO and AMDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVO vs. AMDW - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for DIVO and AMDW.

Drawdown Indicators

	DIVO	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-34.64%	+4.60%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-34.64%	+28.69%
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	0.00%	-20.07%	+20.07%
Average Drawdown Average peak-to-trough decline	-2.58%	-13.99%	+11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	17.63%	-15.95%

Volatility

DIVO vs. AMDW - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.57%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 28.57%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than AMDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	28.57%	-26.00%
Volatility (6M) Calculated over the trailing 6-month period	7.23%	66.95%	-59.72%
Volatility (1Y) Calculated over the trailing 1-year period	9.30%	85.77%	-76.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.92%	84.89%	-72.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	84.89%	-70.12%

DIVO vs. AMDW - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

DIVO vs. AMDW - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.34%, less than AMDW's 55.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMDW Roundhill AMD WeeklyPay ETF	55.51%	34.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.34%	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 DIVO and AMDW in my portfolio?

DIVO and AMDW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVO or AMDW?

AMDW has higher volatility (28.57%) compared to DIVO (2.57%). In terms of maximum drawdown, DIVO dropped -30.04% vs AMDW's -34.64%.

Which ETF is better, DIVO or AMDW?

On 1-year performance, AMDW leads with 214.50% vs 18.65% for DIVO. On fees, DIVO is cheaper at 0.56% per year. On volatility, DIVO has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or AMDW?

Over the 1-year period, AMDW has performed better with a 214.50% return vs 18.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or AMDW?

DIVO is cheaper with a 0.56% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 55.51%, compared with 6.34% for DIVO.

What is the main difference between DIVO and AMDW?

They also come from different issuers: Amplify and Roundhill. Their fees differ too: 0.56% for DIVO and 0.99% for AMDW.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.52 vs 2.02), 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.