DIVO vs. PEY
Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
DIVO and PEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVO or PEY.
Key characteristics
| DIVO | PEY | |
|---|---|---|
| YTD Return | 6.11% | -2.99% |
| 1Y Return | 12.08% | 8.44% |
| 3Y Return (Ann) | 7.74% | 3.81% |
| 5Y Return (Ann) | 11.35% | 6.84% |
| Sharpe Ratio | 1.30 | 0.39 |
| Daily Std Dev | 8.39% | 17.59% |
| Max Drawdown | -30.04% | -72.82% |
| Current Drawdown | -1.44% | -4.12% |
Correlation
The correlation between DIVO and PEY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DIVO vs. PEY - Performance Comparison
In the year-to-date period, DIVO achieves a 6.11% return, which is significantly higher than PEY's -2.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIVO vs. PEY - Expense Ratio Comparison
DIVO has a 0.55% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
DIVO vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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.
Dividends
DIVO vs. PEY - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 4.54%, less than PEY's 4.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.16% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.97% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
Drawdowns
DIVO vs. PEY - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for DIVO and PEY. For additional features, visit the drawdowns tool.
Volatility
DIVO vs. PEY - Volatility Comparison
The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.24%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.32%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.