DIVO vs. VYM

Last updated Jun 30, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. DIVO is actively managed, while VYM is passively managed. Over the past 5 years, DIVO returned 10.49%/yr vs 11.83%/yr for VYM. Their correlation of 0.83 suggests significant overlap in exposure. DIVO charges 0.56%/yr vs 0.04%/yr for VYM.

Performance

DIVO vs. VYM - Performance Comparison

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

Returns By Period

In the year-to-date period, DIVO achieves a 4.95% return, which is significantly lower than VYM's 11.74% return.

DIVO

• 1D: 0.20%
• 1M: -1.01%
• YTD: 4.95%
• 6M: 3.93%
• 1Y: 15.30%
• 3Y*: 14.20%
• 5Y*: 10.49%
• 10Y*: —

VYM

• 1D: 0.15%
• 1M: 0.15%
• YTD: 11.74%
• 6M: 10.83%
• 1Y: 22.55%
• 3Y*: 17.54%
• 5Y*: 11.83%
• 10Y*: 11.63%

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

DIVO vs. VYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	4.95%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%
VYM Vanguard High Dividend Yield ETF	11.74%	15.42%	17.60%	6.57%	-0.43%	26.20%	1.15%	24.06%	-5.92%	16.42%

Correlation

The correlation between DIVO and VYM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016	0.83

The correlation between DIVO and VYM has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

DIVO vs. VYM - Sectors Allocation Comparison

Sectors	DIVO	VYM
Financial Services	31.8%	19.9%
Industrials	15.3%	11.8%
Technology	15.1%	20.3%
Consumer Cyclical	10.6%	6.6%
Consumer Defensive	7.6%	8.0%
Healthcare	7.4%	12.2%
Energy	6.7%	9.1%
Basic Materials	4.1%	3.4%
Utilities	2.0%	5.4%
Communication Services	1.0%	3.4%
Real Estate	-	0.0%

Return for Risk

DIVO vs. VYM — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 59
DIVO Sharpe Ratio Rank: 58
DIVO Sortino Ratio Rank: 63
DIVO Omega Ratio Rank: 55
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 60

VYM

VYM Risk / Return Rank: 79
VYM Sharpe Ratio Rank: 81
VYM Sortino Ratio Rank: 83
VYM Omega Ratio Rank: 79
VYM Calmar Ratio Rank: 77
VYM Martin Ratio Rank: 77

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. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Vanguard High Dividend Yield ETF (VYM). 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	VYM	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.19	-0.51
Sortino ratio: Return per unit of downside risk	2.51	3.15	-0.64
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	2.58	3.38	-0.80
Martin ratio: Return relative to average drawdown	9.12	12.54	-3.42

DIVO vs. VYM - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.68, which is comparable to the VYM Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of DIVO and VYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVO vs. VYM - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for DIVO and VYM.

Drawdown Indicators

	DIVO	VYM	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-56.98%	+26.94%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-6.69%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-14.46%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-15.84%	+2.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.21%	—
Current Drawdown Current decline from peak	-2.03%	-1.08%	-0.95%
Average Drawdown Average peak-to-trough decline	-2.60%	-7.17%	+4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.80%	-0.12%

Volatility

DIVO vs. VYM - Volatility Comparison

Amplify CWP Enhanced Dividend Income ETF (DIVO) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 2.90% and 2.98%, 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.

Volatility by Period

	DIVO	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.98%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	7.65%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	9.15%	10.35%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.93%	13.93%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.81%	16.29%	-1.48%

DIVO vs. VYM - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

DIVO vs. VYM - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.51%, more than VYM's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVO Amplify CWP Enhanced Dividend Income ETF	6.51%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%	0.00%	0.00%
VYM Vanguard High Dividend Yield ETF	2.29%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both DIVO and VYM in my portfolio?

DIVO and VYM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVO or VYM?

VYM has higher volatility (2.98%) compared to DIVO (2.90%). In terms of maximum drawdown, DIVO dropped -30.04% vs VYM's -56.98%.

Which ETF is better, DIVO or VYM?

On 5-year performance, VYM leads with 11.83% vs 10.49% for DIVO. On fees, VYM is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or VYM?

Over the 5-year period, VYM has performed better with a 11.83% return vs 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or VYM?

VYM is cheaper with a 0.04% expense ratio, compared with 0.56% for DIVO.

Which ETF pays a higher dividend yield, DIVO or VYM?

DIVO has the higher dividend yield at 6.51%, compared with 2.29% for VYM.

What is the main difference between DIVO and VYM?

DIVO is categorized as Derivative Income, while VYM is Dividend. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.56% for DIVO and 0.04% for VYM.

Which has better risk-adjusted returns?

VYM currently has the higher Sharpe Ratio (2.19 vs 1.68), 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.