DIVO vs. USOY

Last updated Apr 2, 2026

Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and Defiance Oil Enhanced Options Income ETF (USOY).

DIVO and USOY 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. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.

Performance

DIVO vs. USOY - Performance Comparison

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

DIVO vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVO Amplify CWP Enhanced Dividend Income ETF	2.19%	17.40%	7.59%
USOY Defiance Oil Enhanced Options Income ETF	59.52%	-7.93%	7.27%

Returns By Period

In the year-to-date period, DIVO achieves a 2.19% return, which is significantly lower than USOY's 59.52% return.

DIVO

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

USOY

• 1D: -0.43%
• 1M: 30.11%
• YTD: 59.52%
• 6M: 55.51%
• 1Y: 43.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVO vs. USOY - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is lower than USOY's 1.22% expense ratio.

USOY

Defiance Oil Enhanced Options Income ETF

DIVO

Amplify CWP Enhanced Dividend Income ETF

Return for Risk

DIVO vs. USOY — 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

USOY

USOY Risk / Return Rank: 76
USOY Sharpe Ratio Rank: 84
USOY Sortino Ratio Rank: 81
USOY Omega Ratio Rank: 78
USOY Calmar Ratio Rank: 86
USOY Martin Ratio Rank: 52

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe ratio Return per unit of total volatility	1.36	1.71	-0.35
Sortino ratio Return per unit of downside risk	1.99	2.16	-0.17
Omega ratio Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio Return relative to maximum drawdown	1.92	2.78	-0.86
Martin ratio Return relative to average drawdown	9.07	5.23	+3.84
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. USOY - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.36, which is comparable to the USOY Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of DIVO and USOY, 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	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	1.71	-0.35
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	1.23	-0.39

Correlation

The correlation between DIVO and USOY is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DIVO vs. USOY - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.48%, less than USOY's 56.23% 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%
USOY Defiance Oil Enhanced Options Income ETF	56.23%	104.32%	48.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DIVO vs. USOY - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for DIVO and USOY.

Drawdown Indicators

	DIVO	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-17.46%	-12.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-15.70%	+6.49%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-3.96%	-0.97%	-2.99%
Average Drawdown Average peak-to-trough decline	-2.62%	-6.55%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	8.34%	-6.39%

Volatility

DIVO vs. USOY - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 3.58%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 12.05%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	12.05%	-8.47%
Volatility (6M) Calculated over the trailing 6-month period	7.01%	18.34%	-11.33%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	25.35%	-12.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.93%	22.35%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	22.35%	-7.42%