DIVO vs. IWDA.AS

Last updated Jun 9, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. DIVO is actively managed, while IWDA.AS is passively managed. Over the past 5 years, DIVO returned 10.72%/yr vs 11.83%/yr for IWDA.AS. A 0.54 correlation means they provide meaningful diversification when combined. DIVO charges 0.56%/yr vs 0.20%/yr for IWDA.AS.

Performance

DIVO vs. IWDA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DIVO is traded in USD, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS 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 lower than IWDA.AS's 9.79% return.

DIVO

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

IWDA.AS

• 1D: 0.07%
• 1M: 2.12%
• YTD: 9.79%
• 6M: 10.59%
• 1Y: 25.58%
• 3Y*: 20.73%
• 5Y*: 11.83%
• 10Y*: 13.07%

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

DIVO vs. IWDA.AS - 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%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	9.79%	21.46%	19.36%	23.68%	-18.74%	23.51%	15.60%	27.07%	-8.63%	22.70%

Correlation

The correlation between DIVO and IWDA.AS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.54

The correlation between DIVO and IWDA.AS has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

Return for Risk

DIVO vs. IWDA.AS — 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

IWDA.AS

IWDA.AS Risk / Return Rank: 71
IWDA.AS Sharpe Ratio Rank: 66
IWDA.AS Sortino Ratio Rank: 67
IWDA.AS Omega Ratio Rank: 69
IWDA.AS Calmar Ratio Rank: 74
IWDA.AS Martin Ratio Rank: 77

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. IWDA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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	IWDA.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.22	-0.26
Sortino ratio: Return per unit of downside risk	2.91	3.27	-0.36
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	2.99	3.05	-0.05
Martin ratio: Return relative to average drawdown	10.79	13.16	-2.37
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. IWDA.AS - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.96, which is comparable to the IWDA.AS Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DIVO and IWDA.AS, 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	IWDA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	2.22	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.75	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.68	+0.17

Drawdowns

DIVO vs. IWDA.AS - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum IWDA.AS drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for DIVO and IWDA.AS.

Drawdown Indicators

	DIVO	IWDA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-34.11%	+4.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-8.39%	+2.44%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-17.83%	+5.71%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-25.94%	+12.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.11%	—
Current Drawdown Current decline from peak	-1.27%	-0.51%	-0.76%
Average Drawdown Average peak-to-trough decline	-2.61%	-4.64%	+2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.95%	-0.30%

Volatility

DIVO vs. IWDA.AS - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.30%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 2.94%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	IWDA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	2.94%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	8.59%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	11.51%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	15.47%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	15.80%	-0.96%

DIVO vs. IWDA.AS - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.

Dividends

DIVO vs. IWDA.AS - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.43%, while IWDA.AS 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%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	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 IWDA.AS in my portfolio?

DIVO and IWDA.AS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIVO or IWDA.AS?

On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIVO or IWDA.AS?

IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.56% for DIVO.

What is the main difference between DIVO and IWDA.AS?

DIVO is categorized as Derivative Income, while IWDA.AS is Global Equities. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.56% for DIVO and 0.20% for IWDA.AS.