Correlation
The correlation between DIVO and SPYD is 0.69, 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.
DIVO vs. SPYD
Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
DIVO and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVO or SPYD.
Performance
DIVO vs. SPYD - Performance Comparison
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Key characteristics
DIVO:
0.78
SPYD:
0.57
DIVO:
1.04
SPYD:
0.62
DIVO:
1.15
SPYD:
1.08
DIVO:
0.78
SPYD:
0.37
DIVO:
2.93
SPYD:
1.15
DIVO:
3.21%
SPYD:
5.20%
DIVO:
14.07%
SPYD:
15.84%
DIVO:
-30.04%
SPYD:
-46.42%
DIVO:
-3.18%
SPYD:
-9.58%
Returns By Period
In the year-to-date period, DIVO achieves a 2.42% return, which is significantly higher than SPYD's -2.31% return.
DIVO
2.42%
4.42%
-1.34%
10.88%
10.23%
13.56%
N/A
SPYD
-2.31%
0.89%
-8.44%
8.87%
3.26%
14.39%
N/A
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DIVO vs. SPYD - Expense Ratio Comparison
DIVO has a 0.55% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
DIVO vs. SPYD — Risk-Adjusted Performance Rank
DIVO
SPYD
DIVO vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
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Dividends
DIVO vs. SPYD - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 4.78%, more than SPYD's 4.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.78% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.57% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
DIVO vs. SPYD - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for DIVO and SPYD.
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Volatility
DIVO vs. SPYD - Volatility Comparison
The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.79%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 4.23%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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