DIVO vs. DIA
Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and SPDR Dow Jones Industrial Average ETF (DIA).
DIVO and DIA 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVO or DIA.
Performance
DIVO vs. DIA - Performance Comparison
Returns By Period
In the year-to-date period, DIVO achieves a 18.05% return, which is significantly higher than DIA's 16.92% return.
DIVO
18.05%
-0.49%
8.12%
23.74%
12.00%
N/A
DIA
16.92%
0.49%
9.45%
26.38%
11.36%
11.73%
Key characteristics
| DIVO | DIA | |
|---|---|---|
| Sharpe Ratio | 2.67 | 2.40 |
| Sortino Ratio | 3.88 | 3.41 |
| Omega Ratio | 1.49 | 1.45 |
| Calmar Ratio | 4.29 | 4.35 |
| Martin Ratio | 17.25 | 13.74 |
| Ulcer Index | 1.36% | 1.92% |
| Daily Std Dev | 8.78% | 10.98% |
| Max Drawdown | -30.04% | -51.87% |
| Current Drawdown | -1.33% | -1.86% |
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DIVO vs. DIA - Expense Ratio Comparison
DIVO has a 0.55% expense ratio, which is higher than DIA's 0.16% expense ratio.
Correlation
The correlation between DIVO and DIA 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
DIVO vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and SPDR Dow Jones Industrial Average ETF (DIA). 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. DIA - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 4.47%, more than DIA's 1.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
DIVO vs. DIA - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for DIVO and DIA. For additional features, visit the drawdowns tool.
Volatility
DIVO vs. DIA - Volatility Comparison
The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 3.34%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 4.54%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.