DIVO vs. IAU

Last updated Jun 9, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while IAU is a Gold fund tracking the LBMA Gold Price. DIVO is actively managed, while IAU is passively managed. Over the past 5 years, DIVO returned 10.72%/yr vs 17.71%/yr for IAU. At a 0.07 correlation, their price movements are largely independent. DIVO charges 0.56%/yr vs 0.25%/yr for IAU.

Performance

DIVO vs. IAU - Performance Comparison

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

Returns By Period

In the year-to-date period, DIVO achieves a 5.28% return, which is significantly higher than IAU's 0.26% return.

DIVO

• 1D: -0.30%
• 1M: 1.64%
• YTD: 5.28%
• 6M: 5.66%
• 1Y: 17.72%
• 3Y*: 15.15%
• 5Y*: 10.72%
• 10Y*: —

IAU

• 1D: 0.20%
• 1M: -8.43%
• YTD: 0.26%
• 6M: 3.08%
• 1Y: 30.27%
• 3Y*: 29.88%
• 5Y*: 17.71%
• 10Y*: 12.71%

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

DIVO vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	5.28%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%
IAU iShares Gold Trust	0.26%	63.95%	26.85%	12.84%	-0.63%	-4.00%	25.03%	17.98%	-1.76%	12.91%

Correlation

The correlation between DIVO and IAU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016	0.07

The correlation between DIVO and IAU shifts across timeframes, from 0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

DIVO vs. IAU - Sectors Allocation Comparison

Sectors	DIVO	IAU
Financial Services	29.6%	-
Industrials	16.0%	-
Technology	15.6%	-
Consumer Cyclical	11.5%	-
Consumer Defensive	6.9%	-
Energy	6.7%	-
Healthcare	6.6%	-
Basic Materials	4.2%	-
Utilities	1.9%	-
Communication Services	1.0%	-
Real Estate	-	100.0%

Return for Risk

DIVO vs. IAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVO

DIVO Risk / Return Rank: 66
DIVO Sharpe Ratio Rank: 66
DIVO Sortino Ratio Rank: 72
DIVO Omega Ratio Rank: 63
DIVO Calmar Ratio Rank: 66
DIVO Martin Ratio Rank: 65

IAU

IAU Risk / Return Rank: 33
IAU Sharpe Ratio Rank: 35
IAU Sortino Ratio Rank: 31
IAU Omega Ratio Rank: 38
IAU Calmar Ratio Rank: 34
IAU Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIVO vs. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares Gold Trust (IAU). 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.

	DIVO	IAU	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.14	+0.82
Sortino ratio: Return per unit of downside risk	2.91	1.52	+1.39
Omega ratio: Gain probability vs. loss probability	1.34	1.23	+0.11
Calmar ratio: Return relative to maximum drawdown	2.99	1.52	+1.48
Martin ratio: Return relative to average drawdown	10.79	3.80	+6.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVO vs. IAU - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.96, which is higher than the IAU Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of DIVO and IAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIVO	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.14	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.99	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.61	+0.23

Drawdowns

DIVO vs. IAU - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for DIVO and IAU.

Drawdown Indicators

	DIVO	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-45.14%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-20.04%	+14.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-20.04%	+7.92%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-20.93%	+7.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.82%	—
Current Drawdown Current decline from peak	-1.27%	-19.88%	+18.61%
Average Drawdown Average peak-to-trough decline	-2.61%	-15.97%	+13.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	7.99%	-6.34%

Volatility

DIVO vs. IAU - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.30%, while iShares Gold Trust (IAU) has a volatility of 5.64%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	5.64%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	23.33%	-16.31%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	26.68%	-17.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	18.02%	-6.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	15.94%	-1.10%

DIVO vs. IAU - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is higher than IAU's 0.25% expense ratio.

Dividends

DIVO vs. IAU - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.43%, while IAU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.43%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
IAU iShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVO and IAU in my portfolio?

DIVO and IAU have a correlation of 0.26, 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 IAU?

IAU has higher volatility (5.64%) compared to DIVO (2.30%). In terms of maximum drawdown, DIVO dropped -30.04% vs IAU's -45.14%.

Which ETF is better, DIVO or IAU?

On 5-year performance, IAU leads with 17.71% vs 10.72% for DIVO. On fees, IAU is cheaper at 0.25% per year. On volatility, DIVO has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or IAU?

Over the 5-year period, IAU has performed better with a 17.71% return vs 10.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or IAU?

IAU is cheaper with a 0.25% expense ratio, compared with 0.56% for DIVO.

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

DIVO has the higher dividend yield at 6.43%, compared with 0.00% for IAU.

What is the main difference between DIVO and IAU?

DIVO is categorized as Derivative Income, while IAU is Gold. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.56% for DIVO and 0.25% for IAU.

Which has better risk-adjusted returns?

DIVO currently has the higher Sharpe Ratio (1.96 vs 1.14), 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.