DIVO vs. DGRO
Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares Core Dividend Growth ETF (DGRO).
DIVO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVO or DGRO.
Key characteristics
| DIVO | DGRO | |
|---|---|---|
| YTD Return | 5.76% | 5.25% |
| 1Y Return | 11.44% | 14.54% |
| 3Y Return (Ann) | 7.76% | 6.61% |
| 5Y Return (Ann) | 11.26% | 10.95% |
| Sharpe Ratio | 1.55 | 1.57 |
| Daily Std Dev | 8.28% | 10.11% |
| Max Drawdown | -30.04% | -35.10% |
| Current Drawdown | -1.77% | -2.96% |
Correlation
The correlation between DIVO and DGRO is 0.84, 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.
Performance
DIVO vs. DGRO - Performance Comparison
In the year-to-date period, DIVO achieves a 5.76% return, which is significantly higher than DGRO's 5.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIVO vs. DGRO - Expense Ratio Comparison
DIVO has a 0.55% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
DIVO vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares Core Dividend Growth ETF (DGRO). 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
DIVO vs. DGRO - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 4.60%, more than DGRO's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.60% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.36% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
DIVO vs. DGRO - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for DIVO and DGRO. For additional features, visit the drawdowns tool.
Volatility
DIVO vs. DGRO - Volatility Comparison
The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 1.99%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.81%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.