FFGX vs. IDVO

Last updated Aug 1, 2026

FFGX (Fidelity Fundamental Global ex-U.S. ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - FFGX is a Foreign Large Cap Equities fund actively managed by Fidelity, while IDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, FFGX returned 22.33% vs 35.30% for IDVO. Their correlation of 0.87 means they have usually moved in the same direction. FFGX charges 0.55%/yr vs 0.65%/yr for IDVO.

Performance

FFGX vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Global ex-U.S. ETF (FFGX) 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, FFGX achieves a 11.97% return, which is significantly lower than IDVO's 15.27% return.

FFGX

• 1D: 0.29%
• 1M: -1.06%
• 6M: 5.99%
• YTD: 11.97%
• 1Y: 22.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.20%

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)
FFGX Fidelity Fundamental Global ex-U.S. ETF	$1.70M	$929.94K	$561.54K
IDVO Amplify CWP International Enhanced Dividend Income ETF	$9.04M	$8.69M	$10.70M

FFGX vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFGX Fidelity Fundamental Global ex-U.S. ETF	11.97%	27.85%	-9.98%
IDVO Amplify CWP International Enhanced Dividend Income ETF	15.27%	36.46%	-1.47%

Correlation

The correlation between FFGX and IDVO is 0.88, 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.	0.88
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.87

The correlation between FFGX and IDVO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

FFGX vs. IDVO — Risk / Return Rank

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

FFGX

FFGX Risk / Return Rank: 45
FFGX Sharpe Ratio Rank: 42
FFGX Sortino Ratio Rank: 42
FFGX Omega Ratio Rank: 43
FFGX Calmar Ratio Rank: 46
FFGX Martin Ratio Rank: 50

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.

FFGX vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Global ex-U.S. ETF (FFGX) 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.

	FFGX	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.06	-1.01
Sortino ratio: Return per unit of downside risk	1.56	2.78	-1.22
Omega ratio: Gain probability vs. loss probability	1.20	1.37	-0.17
Calmar ratio: Return relative to maximum drawdown	1.66	3.32	-1.66
Martin ratio: Return relative to average drawdown	5.84	12.24	-6.40

FFGX vs. IDVO - Sharpe Ratio Comparison

The current FFGX Sharpe Ratio is 1.05, which is lower than the IDVO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FFGX 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

FFGX vs. IDVO - Drawdown Comparison

The maximum FFGX drawdown since its inception was -14.95%, roughly equal to the maximum IDVO drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for FFGX and IDVO.

Drawdown Indicators

	FFGX	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-15.46%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-10.37%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.46%	—
Current Drawdown Current decline from peak	-4.85%	-0.26%	-4.59%
Average Drawdown Average peak-to-trough decline	-2.99%	-2.29%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.81%	+0.85%

Volatility

FFGX vs. IDVO - Volatility Comparison

Fidelity Fundamental Global ex-U.S. ETF (FFGX) has a higher volatility of 7.10% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 4.34%. This indicates that FFGX'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

	FFGX	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	4.34%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	18.59%	14.08%	+4.51%
Volatility (1Y) Calculated over the trailing 1-year period	20.38%	16.69%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	16.43%	+4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	16.43%	+4.36%

FFGX vs. IDVO - Expense Ratio Comparison

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

Dividends

FFGX vs. IDVO - Dividend Comparison

FFGX's dividend yield for the trailing twelve months is around 1.55%, less than IDVO's 5.66% yield.

Position	TTM	2025	2024	2023	2022
FFGX Fidelity Fundamental Global ex-U.S. ETF	1.55%	1.62%	0.40%	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 FFGX and IDVO in my portfolio?

FFGX and IDVO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFGX or IDVO?

FFGX has higher volatility (7.10%) compared to IDVO (4.34%). In terms of maximum drawdown, FFGX dropped -14.95% vs IDVO's -15.46%.

Which ETF is better, FFGX or IDVO?

On 1-year performance, IDVO leads with 35.30% vs 22.33% for FFGX. On fees, FFGX is cheaper at 0.55% per year. On volatility, IDVO has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFGX or IDVO?

Over the 1-year period, IDVO has performed better with a 35.30% return vs 22.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFGX or IDVO?

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

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

IDVO has the higher dividend yield at 5.66%, compared with 1.55% for FFGX.

What is the main difference between FFGX and IDVO?

FFGX 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 FFGX and 0.65% for IDVO.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.06 vs 1.05), 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.