DIVO vs. TLT
DIVO (Amplify CWP Enhanced Dividend Income ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. DIVO is actively managed, while TLT is passively managed. Over the past 5 years, DIVO returned 10.91%/yr vs -6.53%/yr for TLT. At a correlation of -0.07, they often move in opposite directions. DIVO charges 0.56%/yr vs 0.15%/yr for TLT.
Performance
DIVO vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, DIVO achieves a 6.43% return, which is significantly higher than TLT's 0.27% return.
DIVO
- 1D
- 0.72%
- 1M
- 2.59%
- YTD
- 6.43%
- 6M
- 5.62%
- 1Y
- 18.49%
- 3Y*
- 15.47%
- 5Y*
- 10.91%
- 10Y*
- —
TLT
- 1D
- -0.24%
- 1M
- 1.54%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 2.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
DIVO vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.43% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between DIVO and TLT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | -0.07 |
The correlation between DIVO and TLT shifts across timeframes, from -0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DIVO vs. TLT — Risk / Return Rank
DIVO
TLT
DIVO vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVO | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 0.38 | +2.74 |
| Martin ratioReturn relative to average drawdown | 11.23 | 0.92 | +10.31 |
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Drawdowns
DIVO vs. TLT - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for DIVO and TLT.
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Drawdown Indicators
| DIVO | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.04% | -48.35% | +18.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.95% | -7.58% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.12% | -19.18% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -13.72% | -43.70% | +29.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -0.19% | -40.12% | +39.93% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -13.84% | +11.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 3.14% | -1.49% |
Volatility
DIVO vs. TLT - Volatility Comparison
Amplify CWP Enhanced Dividend Income ETF (DIVO) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 2.71% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVO | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 2.83% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 6.64% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 9.68% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 15.85% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 14.91% | -0.08% |
DIVO vs. TLT - Expense Ratio Comparison
DIVO has a 0.56% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
DIVO vs. TLT - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 6.36%, more than TLT's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.36% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
DIVO and TLT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.83%) compared to DIVO (2.71%). In terms of maximum drawdown, DIVO dropped -30.04% vs TLT's -48.35%.
On 5-year performance, DIVO leads with 10.91% vs -6.53% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, DIVO has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVO has performed better with a 10.91% return vs -6.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.56% for DIVO.
DIVO has the higher dividend yield at 6.36%, compared with 4.56% for TLT.
DIVO is categorized as Derivative Income, while TLT is Government Bonds. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.56% for DIVO and 0.15% for TLT.
DIVO currently has the higher Sharpe Ratio (2.02 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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