FFDI vs. IDVO

Last updated Jul 14, 2026

FFDI (Fidelity Fundamental Developed International ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - FFDI is a Foreign Large Cap Equities fund managed by Fidelity, while IDVO is a Derivative Income fund actively managed by Amplify. Over the past year, FFDI returned 10.75% vs 31.77% for IDVO. Their correlation of 0.84 suggests significant overlap in exposure. FFDI charges 0.55%/yr vs 0.65%/yr for IDVO.

Performance

FFDI vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Developed International ETF (FFDI) 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, FFDI achieves a 6.62% return, which is significantly lower than IDVO's 13.40% return.

FFDI

• 1D: -1.77%
• 1M: -1.07%
• 6M: 2.63%
• YTD: 6.62%
• 1Y: 10.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDVO

• 1D: -0.40%
• 1M: -1.05%
• 6M: 6.75%
• YTD: 13.40%
• 1Y: 31.77%
• 3Y*: 21.35%
• 5Y*: —
• 10Y*: —

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

FFDI vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFDI Fidelity Fundamental Developed International ETF	6.62%	26.66%	-9.21%
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.40%	36.46%	-1.47%

Correlation

The correlation between FFDI and IDVO is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.84

The correlation between FFDI and IDVO has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

FFDI vs. IDVO — Risk / Return Rank

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

FFDI

FFDI Risk / Return Rank: 23
FFDI Sharpe Ratio Rank: 21
FFDI Sortino Ratio Rank: 21
FFDI Omega Ratio Rank: 21
FFDI Calmar Ratio Rank: 23
FFDI Martin Ratio Rank: 30

IDVO

IDVO Risk / Return Rank: 76
IDVO Sharpe Ratio Rank: 77
IDVO Sortino Ratio Rank: 73
IDVO Omega Ratio Rank: 76
IDVO Calmar Ratio Rank: 75
IDVO Martin Ratio Rank: 76

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.

FFDI vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Developed International ETF (FFDI) 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.

	FFDI	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.95	-1.35
Sortino ratio: Return per unit of downside risk	0.97	2.62	-1.65
Omega ratio: Gain probability vs. loss probability	1.12	1.36	-0.24
Calmar ratio: Return relative to maximum drawdown	0.91	3.08	-2.17
Martin ratio: Return relative to average drawdown	3.38	11.37	-7.99

FFDI vs. IDVO - Sharpe Ratio Comparison

The current FFDI Sharpe Ratio is 0.60, which is lower than the IDVO Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FFDI 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

FFDI vs. IDVO - Drawdown Comparison

The maximum FFDI drawdown since its inception was -14.39%, smaller than the maximum IDVO drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for FFDI and IDVO.

Drawdown Indicators

	FFDI	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-14.39%	-15.46%	+1.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-10.37%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.46%	—
Current Drawdown Current decline from peak	-3.71%	-1.88%	-1.83%
Average Drawdown Average peak-to-trough decline	-2.58%	-2.30%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.80%	+0.39%

Volatility

FFDI vs. IDVO - Volatility Comparison

Fidelity Fundamental Developed International ETF (FFDI) has a higher volatility of 6.26% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 4.79%. This indicates that FFDI's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFDI	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	4.79%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	13.86%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	16.41%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.76%	16.43%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	16.43%	+3.33%

FFDI vs. IDVO - Expense Ratio Comparison

FFDI has a 0.55% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

FFDI vs. IDVO - Dividend Comparison

FFDI's dividend yield for the trailing twelve months is around 2.03%, less than IDVO's 5.63% yield.

Position	TTM	2025	2024	2023	2022
FFDI Fidelity Fundamental Developed International ETF	2.03%	2.16%	0.39%	0.00%	0.00%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.63%	5.42%	6.14%	5.72%	1.96%

Frequently Asked Questions

Can I hold both FFDI and IDVO in my portfolio?

FFDI and IDVO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFDI or IDVO?

FFDI has higher volatility (6.26%) compared to IDVO (4.79%). In terms of maximum drawdown, FFDI dropped -14.39% vs IDVO's -15.46%.

Which ETF is better, FFDI or IDVO?

On 1-year performance, IDVO leads with 31.77% vs 10.75% for FFDI. On fees, FFDI is cheaper at 0.55% per year. On volatility, IDVO has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFDI or IDVO?

Over the 1-year period, IDVO has performed better with a 31.77% return vs 10.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFDI or IDVO?

FFDI is cheaper with a 0.55% expense ratio, compared with 0.65% for IDVO.

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

IDVO has the higher dividend yield at 5.63%, compared with 2.03% for FFDI.

What is the main difference between FFDI and IDVO?

FFDI is categorized as Foreign Large Cap Equities, while IDVO is Derivative Income. They also come from different issuers: Fidelity and Amplify. Their fees differ too: 0.55% for FFDI and 0.65% for IDVO.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (1.95 vs 0.60), 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.