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.
Performance
DIVO vs. DGRO - Performance Comparison
Returns By Period
In the year-to-date period, DIVO achieves a 18.05% return, which is significantly lower than DGRO's 19.02% return.
DIVO
18.05%
-0.49%
8.12%
23.74%
12.00%
N/A
DGRO
19.02%
-1.42%
8.82%
26.74%
11.68%
11.79%
Key characteristics
| DIVO | DGRO | |
|---|---|---|
| Sharpe Ratio | 2.67 | 2.83 |
| Sortino Ratio | 3.88 | 3.98 |
| Omega Ratio | 1.49 | 1.52 |
| Calmar Ratio | 4.29 | 4.82 |
| Martin Ratio | 17.25 | 18.65 |
| Ulcer Index | 1.36% | 1.45% |
| Daily Std Dev | 8.78% | 9.55% |
| Max Drawdown | -30.04% | -35.10% |
| Current Drawdown | -1.33% | -1.89% |
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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.
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.
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 4.47%, more than DGRO's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DGRO iShares Core Dividend Growth ETF | 2.19% | 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
Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 3.34% and 3.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.