GIPIX vs. DIVO

Last updated Jun 23, 2026

GIPIX (Goldman Sachs Balanced Strategy Portfolio) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both funds - GIPIX is a Tactical Allocation fund managed by Goldman Sachs, while DIVO is a Derivative Income fund actively managed by Amplify. Over the past 5 years, GIPIX returned 4.76%/yr vs 11.01%/yr for DIVO. A 0.71 correlation means they provide meaningful diversification when combined. GIPIX charges 0.19%/yr vs 0.56%/yr for DIVO.

Performance

GIPIX vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Balanced Strategy Portfolio (GIPIX) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GIPIX having a 5.50% return and DIVO slightly lower at 5.44%.

GIPIX

• 1D: 0.68%
• 1M: 1.30%
• YTD: 5.50%
• 6M: 5.56%
• 1Y: 14.79%
• 3Y*: 10.26%
• 5Y*: 4.76%
• 10Y*: 6.19%

DIVO

• 1D: 0.26%
• 1M: 0.01%
• YTD: 5.44%
• 6M: 4.30%
• 1Y: 18.55%
• 3Y*: 15.16%
• 5Y*: 11.01%
• 10Y*: —

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

GIPIX vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.50%	10.80%	8.51%	12.49%	-14.43%	7.94%	11.09%	15.68%	-6.52%	11.63%
DIVO Amplify CWP Enhanced Dividend Income ETF	5.44%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%

Correlation

The correlation between GIPIX and DIVO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016	0.71

The correlation between GIPIX and DIVO has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

GIPIX vs. DIVO — Risk / Return Rank

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

GIPIX

GIPIX Risk / Return Rank: 62
GIPIX Sharpe Ratio Rank: 64
GIPIX Sortino Ratio Rank: 66
GIPIX Omega Ratio Rank: 68
GIPIX Calmar Ratio Rank: 52
GIPIX Martin Ratio Rank: 61

DIVO

DIVO Risk / Return Rank: 64
DIVO Sharpe Ratio Rank: 63
DIVO Sortino Ratio Rank: 68
DIVO Omega Ratio Rank: 60
DIVO Calmar Ratio Rank: 65
DIVO Martin Ratio Rank: 64

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.

GIPIX vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Balanced Strategy Portfolio (GIPIX) 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.

	GIPIX	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.02	+0.14
Sortino ratio: Return per unit of downside risk	3.09	2.99	+0.10
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	2.65	3.13	-0.48
Martin ratio: Return relative to average drawdown	11.43	11.22	+0.21

GIPIX vs. DIVO - Sharpe Ratio Comparison

The current GIPIX Sharpe Ratio is 2.16, which is comparable to the DIVO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of GIPIX and DIVO, 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

GIPIX vs. DIVO - Drawdown Comparison

The maximum GIPIX drawdown since its inception was -29.46%, roughly equal to the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for GIPIX and DIVO.

Drawdown Indicators

	GIPIX	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-29.46%	-30.04%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	-5.95%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-9.11%	-12.12%	+3.01%
Max Drawdown (5Y) Largest decline over 5 years	-20.65%	-13.72%	-6.93%
Max Drawdown (10Y) Largest decline over 10 years	-20.65%	—	—
Current Drawdown Current decline from peak	-0.08%	-1.56%	+1.48%
Average Drawdown Average peak-to-trough decline	-3.68%	-2.60%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	1.66%	-0.37%

Volatility

GIPIX vs. DIVO - Volatility Comparison

The current volatility for Goldman Sachs Balanced Strategy Portfolio (GIPIX) is 2.68%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 2.95%. This indicates that GIPIX experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIPIX	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.95%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	7.14%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	6.84%	9.22%	-2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.06%	11.95%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.14%	14.83%	-6.69%

GIPIX vs. DIVO - Expense Ratio Comparison

GIPIX has a 0.19% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

GIPIX vs. DIVO - Dividend Comparison

GIPIX's dividend yield for the trailing twelve months is around 5.51%, less than DIVO's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVO Amplify CWP Enhanced Dividend Income ETF	6.42%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%	0.00%	0.00%
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.51%	5.22%	4.06%	2.12%	4.56%	6.37%	2.25%	2.51%	4.70%	4.51%	1.46%	5.73%

Frequently Asked Questions

Can I hold both GIPIX and DIVO in my portfolio?

GIPIX and DIVO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIPIX or DIVO?

DIVO has higher volatility (2.95%) compared to GIPIX (2.68%). In terms of maximum drawdown, GIPIX dropped -29.46% vs DIVO's -30.04%.

Which has better risk-adjusted returns?

GIPIX currently has the higher Sharpe Ratio (2.16 vs 2.02), 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.