GVIP vs. DIVO
Compare and contrast key facts about Goldman Sachs Hedge Industry VIP ETF (GVIP) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
GVIP and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GVIP is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs Hedge Fund VIP Index. It was launched on Nov 1, 2016. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GVIP or DIVO.
Performance
GVIP vs. DIVO - Performance Comparison
Returns By Period
In the year-to-date period, GVIP achieves a 32.62% return, which is significantly higher than DIVO's 19.53% return.
GVIP
32.62%
3.60%
15.88%
39.01%
16.41%
N/A
DIVO
19.53%
1.54%
11.35%
24.69%
12.26%
N/A
Key characteristics
| GVIP | DIVO | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.84 |
| Sortino Ratio | 3.64 | 4.11 |
| Omega Ratio | 1.49 | 1.53 |
| Calmar Ratio | 2.94 | 4.56 |
| Martin Ratio | 19.02 | 18.28 |
| Ulcer Index | 2.11% | 1.36% |
| Daily Std Dev | 14.94% | 8.79% |
| Max Drawdown | -37.09% | -30.04% |
| Current Drawdown | -0.63% | -0.10% |
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GVIP vs. DIVO - Expense Ratio Comparison
GVIP has a 0.45% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Correlation
The correlation between GVIP and DIVO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
GVIP vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Hedge Industry VIP ETF (GVIP) 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.
Dividends
GVIP vs. DIVO - Dividend Comparison
GVIP's dividend yield for the trailing twelve months is around 0.58%, less than DIVO's 4.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.58% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.42% | 4.67% | 4.76% | 4.79% | 4.92% | 8.16% | 5.27% | 3.83% | 0.00% |
Drawdowns
GVIP vs. DIVO - Drawdown Comparison
The maximum GVIP drawdown since its inception was -37.09%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for GVIP and DIVO. For additional features, visit the drawdowns tool.
Volatility
GVIP vs. DIVO - Volatility Comparison
Goldman Sachs Hedge Industry VIP ETF (GVIP) has a higher volatility of 5.19% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 3.33%. This indicates that GVIP'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.