DIVO vs. SVOL

Last updated Apr 2, 2026

Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and Simplify Volatility Premium ETF (SVOL).

DIVO and SVOL 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. It was launched on Dec 13, 2016. SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021.

Performance

DIVO vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

DIVO vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DIVO Amplify CWP Enhanced Dividend Income ETF	2.19%	17.40%	16.22%	6.95%	-1.46%	10.75%
SVOL Simplify Volatility Premium ETF	-7.62%	2.41%	6.77%	22.88%	-3.30%	12.25%

Returns By Period

In the year-to-date period, DIVO achieves a 2.19% return, which is significantly higher than SVOL's -7.62% return.

DIVO

• 1D: 0.18%
• 1M: -3.44%
• YTD: 2.19%
• 6M: 5.30%
• 1Y: 17.84%
• 3Y*: 14.21%
• 5Y*: 11.02%
• 10Y*: —

SVOL

• 1D: 0.33%
• 1M: -6.42%
• YTD: -7.62%
• 6M: -5.90%
• 1Y: 3.26%
• 3Y*: 6.17%
• 5Y*: —
• 10Y*: —

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

DIVO vs. SVOL - Expense Ratio Comparison

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

DIVO

Amplify CWP Enhanced Dividend Income ETF

SVOL

Simplify Volatility Premium ETF

Return for Risk

DIVO vs. SVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVO

DIVO Risk / Return Rank: 76
DIVO Sharpe Ratio Rank: 74
DIVO Sortino Ratio Rank: 76
DIVO Omega Ratio Rank: 77
DIVO Calmar Ratio Rank: 72
DIVO Martin Ratio Rank: 80

SVOL

SVOL Risk / Return Rank: 16
SVOL Sharpe Ratio Rank: 13
SVOL Sortino Ratio Rank: 17
SVOL Omega Ratio Rank: 17
SVOL Calmar Ratio Rank: 15
SVOL Martin Ratio Rank: 16

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. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Simplify Volatility Premium ETF (SVOL). 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	SVOL	Difference
Sharpe ratio Return per unit of total volatility	1.36	0.08	+1.28
Sortino ratio Return per unit of downside risk	1.99	0.43	+1.56
Omega ratio Gain probability vs. loss probability	1.30	1.06	+0.24
Calmar ratio Return relative to maximum drawdown	1.92	0.16	+1.76
Martin ratio Return relative to average drawdown	9.07	0.53	+8.54
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. SVOL - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.36, which is higher than the SVOL Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of DIVO and SVOL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIVO	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	0.08	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.28	+0.55

Correlation

The correlation between DIVO and SVOL is 0.61, 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.

Dividends

DIVO vs. SVOL - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.48%, less than SVOL's 23.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.48%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
SVOL Simplify Volatility Premium ETF	23.07%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DIVO vs. SVOL - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for DIVO and SVOL.

Drawdown Indicators

	DIVO	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-33.50%	+3.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-24.73%	+15.52%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-3.96%	-10.01%	+6.05%
Average Drawdown Average peak-to-trough decline	-2.62%	-4.74%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	7.49%	-5.54%

Volatility

DIVO vs. SVOL - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 3.58%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.20%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.20%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	7.01%	13.82%	-6.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	38.84%	-25.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.93%	22.27%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	22.27%	-7.34%