DIVO vs. IBM
DIVO (Amplify CWP Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify, while IBM (International Business Machines Corporation) is a stock. Over the past 5 years, DIVO returned 10.91%/yr vs 18.01%/yr for IBM. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
DIVO vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, DIVO achieves a 6.43% return, which is significantly higher than IBM's -6.89% return.
DIVO
- 1D
- 0.72%
- 1M
- 2.59%
- YTD
- 6.43%
- 6M
- 5.62%
- 1Y
- 18.49%
- 3Y*
- 15.47%
- 5Y*
- 10.91%
- 10Y*
- —
IBM
- 1D
- -0.95%
- 1M
- 26.84%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- -0.65%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
DIVO vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.43% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
IBM International Business Machines Corporation | -6.89% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between DIVO and IBM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.54 |
The correlation between DIVO and IBM has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
DIVO vs. IBM — Risk / Return Rank
DIVO
IBM
DIVO vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and International Business Machines Corporation (IBM). 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 | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.04 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | -0.02 | +3.14 |
| Martin ratioReturn relative to average drawdown | 11.23 | -0.05 | +11.28 |
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Drawdowns
DIVO vs. IBM - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for DIVO and IBM.
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Drawdown Indicators
| DIVO | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.04% | -69.40% | +39.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.95% | -30.96% | +25.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.12% | -30.96% | +18.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.72% | -30.96% | +17.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.59% | — |
Current DrawdownCurrent decline from peak | -0.19% | -17.31% | +17.12% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -20.12% | +17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 14.38% | -12.73% |
Volatility
DIVO vs. IBM - Volatility Comparison
The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.71%, while International Business Machines Corporation (IBM) has a volatility of 21.43%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVO | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 21.43% | -18.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 34.62% | -27.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 39.45% | -30.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 27.16% | -15.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 26.59% | -11.76% |
Dividends
DIVO vs. IBM - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 6.36%, more than IBM's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.36% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
IBM International Business Machines Corporation | 2.47% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Frequently Asked Questions
DIVO and IBM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.43%) compared to DIVO (2.71%). In terms of maximum drawdown, DIVO dropped -30.04% vs IBM's -69.40%.
DIVO currently has the higher Sharpe Ratio (2.02 vs -0.02), 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.
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