GECC vs. DIVO
GECC (Great Elm Capital Corp.) is a stock, while DIVO (Amplify CWP Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 5 years, GECC returned -9.09%/yr vs 10.82%/yr for DIVO. At a 0.14 correlation, their price movements are largely independent.
Performance
GECC vs. DIVO - Performance Comparison
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Returns By Period
In the year-to-date period, GECC achieves a -11.53% return, which is significantly lower than DIVO's 7.50% return.
GECC
- 1D
- -0.55%
- 1M
- -1.81%
- 6M
- -14.27%
- YTD
- -11.53%
- 1Y
- -38.47%
- 3Y*
- 4.69%
- 5Y*
- -9.09%
- 10Y*
- —
DIVO
- 1D
- 0.47%
- 1M
- 0.36%
- 6M
- 5.18%
- YTD
- 7.50%
- 1Y
- 17.03%
- 3Y*
- 15.12%
- 5Y*
- 10.82%
- 10Y*
- —
GECC vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | -11.53% | -25.44% | 18.85% | 50.81% | -47.39% | -4.46% | -36.93% | 12.30% | -11.10% | -7.41% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 7.50% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Correlation
The correlation between GECC and DIVO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.14 |
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Return for Risk
GECC vs. DIVO — Risk / Return Rank
GECC
DIVO
GECC vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great Elm Capital Corp. (GECC) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.
| GECC | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.33 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.88 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.07 | 10.14 | -11.21 |
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Drawdowns
GECC vs. DIVO - Drawdown Comparison
The maximum GECC drawdown since its inception was -74.01%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for GECC and DIVO.
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Drawdown Indicators
| GECC | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -30.04% | -43.97% |
Max Drawdown (1Y)Largest decline over 1 year | -53.97% | -5.95% | -48.02% |
Max Drawdown (3Y)Largest decline over 3 years | -53.97% | -12.12% | -41.85% |
Max Drawdown (5Y)Largest decline over 5 years | -56.35% | -13.72% | -42.63% |
Current DrawdownCurrent decline from peak | -66.78% | 0.00% | -66.78% |
Average DrawdownAverage peak-to-trough decline | -40.65% | -2.59% | -38.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.95% | 1.68% | +34.27% |
Volatility
GECC vs. DIVO - Volatility Comparison
Great Elm Capital Corp. (GECC) has a higher volatility of 7.07% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.42%. This indicates that GECC's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GECC | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 2.42% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 30.11% | 7.05% | +23.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.51% | 9.15% | +31.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.68% | 11.93% | +18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 14.79% | +22.14% |
Dividends
GECC vs. DIVO - Dividend Comparison
GECC's dividend yield for the trailing twelve months is around 27.97%, more than DIVO's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.36% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% |
GECC Great Elm Capital Corp. | 27.97% | 21.01% | 13.19% | 14.09% | 23.52% | 12.99% | 31.60% | 13.44% | 12.69% | 10.12% | 1.42% |
Frequently Asked Questions
GECC and DIVO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GECC has higher volatility (7.07%) compared to DIVO (2.42%). In terms of maximum drawdown, GECC dropped -74.01% vs DIVO's -30.04%.
DIVO currently has the higher Sharpe Ratio (1.87 vs -0.95), 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.
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