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DIVO vs. IHYG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIVO vs. IHYG.L

Last updated Jun 9, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index. DIVO is actively managed, while IHYG.L is passively managed. Over the past 5 years, DIVO returned 10.72%/yr vs 1.48%/yr for IHYG.L. At a 0.30 correlation, their price movements are largely independent. DIVO charges 0.56%/yr vs 0.50%/yr for IHYG.L.

Performance

DIVO vs. IHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DIVO is traded in USD, while IHYG.L is traded in EUR. To make them comparable, the IHYG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DIVO achieves a 5.28% return, which is significantly higher than IHYG.L's -1.29% return.

DIVO

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

IHYG.L

1D
0.01%
1M
-1.85%
YTD
-1.29%
6M
0.46%
1Y
4.25%
3Y*
8.59%
5Y*
1.48%
10Y*
3.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVO vs. IHYG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		-1.29%19.47%-0.83%14.86%-14.91%-3.98%10.09%7.57%-8.07%19.64%

Correlation

The correlation between DIVO and IHYG.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Dec 15, 2016

0.30

The correlation between DIVO and IHYG.L shifts across timeframes, from 0.30 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

DIVO vs. IHYG.L - Sectors Allocation Comparison

Sectors
DIVO
IHYG.L

Financial Services

29.6%
100.0%

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

-

-

Financial Services

DIVO
29.6%
IHYG.L
100.0%

Industrials

DIVO
16.0%
IHYG.L

-

Technology

DIVO
15.6%
IHYG.L

-

Consumer Cyclical

DIVO
11.5%
IHYG.L

-

Consumer Defensive

DIVO
6.9%
IHYG.L

-

Energy

DIVO
6.7%
IHYG.L

-

Healthcare

DIVO
6.6%
IHYG.L

-

Basic Materials

DIVO
4.2%
IHYG.L

-

Utilities

DIVO
1.9%
IHYG.L

-

Communication Services

DIVO
1.0%
IHYG.L

-

Real Estate

DIVO

-

IHYG.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amplify CWP Enhanced Dividend Income ETF

iShares € High Yield Corp Bond UCITS ETF EUR (Dist)

Often compared with DIVO:
DIVO vs. JEPIDIVO vs. SCHDDIVO vs. QDVODIVO vs. JEPQDIVO vs. IDVODIVO vs. DIVDIVO vs. DGRO
Often compared with IHYG.L:
IHYG.L vs. IEAC.ASIHYG.L vs. XHYA.DEIHYG.L vs. XAT1.DEIHYG.L vs. GLDIHYG.L vs. SDHA.LIHYG.L vs. YIEL.LIHYG.L vs. XHYG.L

Return for Risk

DIVO vs. IHYG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIVO
DIVO Risk / Return Rank: 6666
Overall Rank
DIVO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
DIVO Sortino Ratio Rank: 7272
Sortino Ratio Rank
DIVO Omega Ratio Rank: 6363
Omega Ratio Rank
DIVO Calmar Ratio Rank: 6666
Calmar Ratio Rank
DIVO Martin Ratio Rank: 6565
Martin Ratio Rank
IHYG.L
IHYG.L Risk / Return Rank: 2828
Overall Rank
IHYG.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IHYG.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
IHYG.L Omega Ratio Rank: 2626
Omega Ratio Rank
IHYG.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
IHYG.L Martin Ratio Rank: 3333
Martin Ratio Rank
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. IHYG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L). 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.

DIVOIHYG.LDifference
Sharpe ratioReturn per unit of total volatility
1.96
0.55

+1.41

Sortino ratioReturn per unit of downside risk
2.91
0.85

+2.06

Omega ratioGain probability vs. loss probability

1.34

1.10

+0.24

Calmar ratioReturn relative to maximum drawdown

2.99

0.58

+2.42

Martin ratioReturn relative to average drawdown

10.79

1.67

+9.12

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. IHYG.L - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.96, which is higher than the IHYG.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of DIVO and IHYG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DIVOIHYG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.96

0.55

+1.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

0.14

+0.76

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.31

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.31

+0.54

Drawdowns

DIVO vs. IHYG.L - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum IHYG.L drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for DIVO and IHYG.L.

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Drawdown Indicators

DIVOIHYG.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.04%

-31.65%

+1.61%

Max Drawdown (1Y)

Largest decline over 1 year

-5.95%

-7.35%

+1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-12.12%

-7.61%

-4.51%

Max Drawdown (5Y)

Largest decline over 5 years

-13.72%

-31.62%

+17.90%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.65%

—

Current Drawdown

Current decline from peak

-1.27%

-3.97%

+2.70%

Average Drawdown

Average peak-to-trough decline

-2.61%

-8.99%

+6.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

2.54%

-0.89%

Volatility

DIVO vs. IHYG.L - Volatility Comparison

Amplify CWP Enhanced Dividend Income ETF (DIVO) has a higher volatility of 2.30% compared to iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) at 2.00%. This indicates that DIVO's price experiences larger fluctuations and is considered to be riskier than IHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIVOIHYG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.30%

2.00%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

7.02%

5.86%

+1.16%

Volatility (1Y)

Calculated over the trailing 1-year period

9.09%

7.71%

+1.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.95%

10.62%

+1.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.84%

10.79%

+4.05%

DIVO vs. IHYG.L - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is higher than IHYG.L's 0.50% expense ratio.

Dividends

DIVO vs. IHYG.L - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.43%, more than IHYG.L's 5.18% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		5.18%5.44%6.10%5.41%3.70%3.07%3.67%3.76%3.68%3.77%4.03%4.59%

Frequently Asked Questions

DIVO and IHYG.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IHYG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IHYG.L is cheaper with a 0.50% expense ratio, compared with 0.56% for DIVO.

DIVO is categorized as Derivative Income, while IHYG.L is European High Yield Bonds. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.56% for DIVO and 0.50% for IHYG.L.

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