DIVO vs. MLPD.L

Last updated Jun 9, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and MLPD.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while MLPD.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. DIVO is actively managed, while MLPD.L is passively managed. Over the past 5 years, DIVO returned 10.72%/yr vs 16.46%/yr for MLPD.L. At a 0.28 correlation, their price movements are largely independent. DIVO charges 0.56%/yr vs 0.50%/yr for MLPD.L.

Performance

DIVO vs. MLPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L). 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 lower than MLPD.L's 18.82% return.

DIVO

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

MLPD.L

• 1D: -0.49%
• 1M: 1.36%
• YTD: 18.82%
• 6M: 14.62%
• 1Y: 15.61%
• 3Y*: 18.84%
• 5Y*: 16.46%
• 10Y*: 7.11%

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

DIVO vs. MLPD.L - 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%
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	18.82%	2.34%	22.53%	19.70%	31.82%	36.90%	-31.38%	7.22%	-14.92%	-8.67%

Correlation

The correlation between DIVO and MLPD.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.28

Over the past year, the correlation between DIVO and MLPD.L has dropped to 0.08 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

DIVO vs. MLPD.L - Sectors Allocation Comparison

Sectors	DIVO	MLPD.L
Financial Services	29.6%	-
Industrials	16.0%	0.2%
Technology	15.6%	-
Consumer Cyclical	11.5%	-
Consumer Defensive	6.9%	-
Energy	6.7%	96.7%
Healthcare	6.6%	-
Basic Materials	4.2%	-
Utilities	1.9%	3.2%
Communication Services	1.0%	-
Real Estate	-	-

Return for Risk

DIVO vs. MLPD.L — 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

MLPD.L

MLPD.L Risk / Return Rank: 34
MLPD.L Sharpe Ratio Rank: 34
MLPD.L Sortino Ratio Rank: 31
MLPD.L Omega Ratio Rank: 31
MLPD.L Calmar Ratio Rank: 41
MLPD.L Martin Ratio Rank: 34

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. MLPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.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.

	DIVO	MLPD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.09	+0.87
Sortino ratio: Return per unit of downside risk	2.91	1.55	+1.36
Omega ratio: Gain probability vs. loss probability	1.34	1.19	+0.16
Calmar ratio: Return relative to maximum drawdown	2.99	1.83	+1.16
Martin ratio: Return relative to average drawdown	10.79	4.68	+6.11
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. MLPD.L - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.96, which is higher than the MLPD.L Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of DIVO and MLPD.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.

Sharpe Ratios by Period

	DIVO	MLPD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.09	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.81	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.13	+0.72

Drawdowns

DIVO vs. MLPD.L - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum MLPD.L drawdown of -82.22%. Use the drawdown chart below to compare losses from any high point for DIVO and MLPD.L.

Drawdown Indicators

	DIVO	MLPD.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-82.22%	+52.18%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-8.48%	+2.53%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-17.24%	+5.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-21.78%	+8.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.74%	—
Current Drawdown Current decline from peak	-1.27%	-3.16%	+1.89%
Average Drawdown Average peak-to-trough decline	-2.61%	-28.08%	+25.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	3.33%	-1.68%

Volatility

DIVO vs. MLPD.L - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.30%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) has a volatility of 4.46%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than MLPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	MLPD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	4.46%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	10.93%	-3.91%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	14.24%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	20.36%	-8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	28.33%	-13.49%

DIVO vs. MLPD.L - Expense Ratio Comparison

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

Dividends

DIVO vs. MLPD.L - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.43%, less than MLPD.L's 7.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	7.56%	8.21%	8.18%	8.60%	7.98%	8.57%	11.03%	10.06%	9.87%	8.15%	8.14%	9.96%

Frequently Asked Questions

Can I hold both DIVO and MLPD.L in my portfolio?

DIVO and MLPD.L have a correlation of 0.08, 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 MLPD.L?

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

Which ETF is cheaper, DIVO or MLPD.L?

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

What is the main difference between DIVO and MLPD.L?

DIVO is categorized as Derivative Income, while MLPD.L is Energy Equities. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.56% for DIVO and 0.50% for MLPD.L.