EFAA vs. IDVO

Last updated Aug 2, 2026

EFAA (Invesco MSCI EAFE Income Advantage ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EFAA returned 21.12% vs 35.30% for IDVO. Their correlation of 0.83 means they have usually moved in the same direction. EFAA charges 0.39%/yr vs 0.65%/yr for IDVO.

Performance

EFAA vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI EAFE Income Advantage ETF (EFAA) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFAA achieves a 9.16% return, which is significantly lower than IDVO's 15.27% return.

EFAA

• 1D: -0.65%
• 1M: 1.08%
• 6M: 5.62%
• YTD: 9.16%
• 1Y: 21.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.76%

IDVO

• 1D: -0.12%
• 1M: 2.62%
• 6M: 5.05%
• YTD: 15.27%
• 1Y: 35.30%
• 3Y*: 21.67%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EFAA Invesco MSCI EAFE Income Advantage ETF	$3.76M	$5.97M	$4.87M
IDVO Amplify CWP International Enhanced Dividend Income ETF	$9.04M	$8.69M	$10.70M

EFAA vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EFAA Invesco MSCI EAFE Income Advantage ETF	9.16%	25.80%	-3.61%
IDVO Amplify CWP International Enhanced Dividend Income ETF	15.27%	36.46%	-2.56%

Correlation

The correlation between EFAA and IDVO is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Jul 17, 2024	0.83

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

EFAA vs. IDVO - Sectors Allocation Comparison

Sectors	EFAA	IDVO
Financial Services	24.7%	22.3%
Industrials	19.0%	6.9%
Technology	12.9%	11.9%
Healthcare	10.4%	7.5%
Consumer Cyclical	7.4%	2.2%
Consumer Defensive	6.7%	9.5%
Basic Materials	5.8%	13.2%
Communication Services	4.4%	10.7%
Utilities	3.7%	3.1%
Energy	3.3%	12.7%
Real Estate	1.7%	-

Return for Risk

EFAA vs. IDVO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EFAA

EFAA Risk / Return Rank: 70
EFAA Sharpe Ratio Rank: 75
EFAA Sortino Ratio Rank: 75
EFAA Omega Ratio Rank: 75
EFAA Calmar Ratio Rank: 59
EFAA Martin Ratio Rank: 67

IDVO

IDVO Risk / Return Rank: 86
IDVO Sharpe Ratio Rank: 87
IDVO Sortino Ratio Rank: 85
IDVO Omega Ratio Rank: 86
IDVO Calmar Ratio Rank: 86
IDVO Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFAA vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI EAFE Income Advantage ETF (EFAA) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.

	EFAA	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.06	-0.36
Sortino ratio: Return per unit of downside risk	2.41	2.78	-0.37
Omega ratio: Gain probability vs. loss probability	1.31	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	2.08	3.32	-1.24
Martin ratio: Return relative to average drawdown	8.13	12.24	-4.11

EFAA vs. IDVO - Sharpe Ratio Comparison

The current EFAA Sharpe Ratio is 1.70, which is comparable to the IDVO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EFAA and IDVO, 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

EFAA vs. IDVO - Drawdown Comparison

The maximum EFAA drawdown since its inception was -11.97%, smaller than the maximum IDVO drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for EFAA and IDVO.

Drawdown Indicators

	EFAA	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-15.46%	+3.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-10.37%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.46%	—
Current Drawdown Current decline from peak	-0.65%	-0.26%	-0.39%
Average Drawdown Average peak-to-trough decline	-1.96%	-2.29%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.81%	-0.22%

Volatility

EFAA vs. IDVO - Volatility Comparison

The current volatility for Invesco MSCI EAFE Income Advantage ETF (EFAA) is 3.45%, while Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a volatility of 4.34%. This indicates that EFAA experiences smaller price fluctuations and is considered to be less risky than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFAA	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.34%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	14.08%	-3.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	16.69%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.02%	16.43%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.02%	16.43%	-3.41%

EFAA vs. IDVO - Expense Ratio Comparison

EFAA has a 0.39% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

EFAA vs. IDVO - Dividend Comparison

EFAA's dividend yield for the trailing twelve months is around 8.11%, more than IDVO's 5.66% yield.

Position	TTM	2025	2024	2023	2022
EFAA Invesco MSCI EAFE Income Advantage ETF	8.11%	7.94%	3.29%	0.00%	0.00%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.66%	5.42%	6.14%	5.72%	1.96%

Frequently Asked Questions

Can I hold both EFAA and IDVO in my portfolio?

EFAA and IDVO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFAA or IDVO?

IDVO has higher volatility (4.34%) compared to EFAA (3.45%). In terms of maximum drawdown, EFAA dropped -11.97% vs IDVO's -15.46%.

Which ETF is better, EFAA or IDVO?

On 1-year performance, IDVO leads with 35.30% vs 21.12% for EFAA. On fees, EFAA is cheaper at 0.39% per year. On volatility, EFAA has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFAA or IDVO?

Over the 1-year period, IDVO has performed better with a 35.30% return vs 21.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFAA or IDVO?

EFAA is cheaper with a 0.39% expense ratio, compared with 0.65% for IDVO.

Which ETF pays a higher dividend yield, EFAA or IDVO?

EFAA has the higher dividend yield at 8.11%, compared with 5.66% for IDVO.

What is the main difference between EFAA and IDVO?

They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.39% for EFAA and 0.65% for IDVO.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.06 vs 1.70), 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.