IDVO vs. BUCK

Last updated Jun 23, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while BUCK is a Government Bonds fund actively managed by Simplify. Both are actively managed. Over the past 3 years, IDVO returned 22.67%/yr vs 5.23%/yr for BUCK. At a 0.10 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.35%/yr for BUCK.

Performance

IDVO vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVO achieves a 13.58% return, which is significantly higher than BUCK's 2.07% return.

IDVO

• 1D: 0.21%
• 1M: 0.57%
• YTD: 13.58%
• 6M: 13.59%
• 1Y: 35.30%
• 3Y*: 22.67%
• 5Y*: —
• 10Y*: —

BUCK

• 1D: -0.09%
• 1M: 0.17%
• YTD: 2.07%
• 6M: 2.14%
• 1Y: 6.97%
• 3Y*: 5.23%
• 5Y*: —
• 10Y*: —

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

IDVO vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.58%	36.46%	10.16%	17.53%	8.20%
BUCK Simplify Treasury Option Income ETF	2.07%	4.13%	7.25%	4.63%	0.59%

Correlation

The correlation between IDVO and BUCK is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.10

Return for Risk

IDVO vs. BUCK — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 70
IDVO Sharpe Ratio Rank: 70
IDVO Sortino Ratio Rank: 66
IDVO Omega Ratio Rank: 70
IDVO Calmar Ratio Rank: 70
IDVO Martin Ratio Rank: 72

BUCK

BUCK Risk / Return Rank: 86
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 81
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 90
BUCK Martin Ratio Rank: 95

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.

IDVO vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Simplify Treasury Option Income ETF (BUCK). 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.

	IDVO	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.35	-0.17
Sortino ratio: Return per unit of downside risk	2.92	3.46	-0.54
Omega ratio: Gain probability vs. loss probability	1.40	1.50	-0.11
Calmar ratio: Return relative to maximum drawdown	3.42	5.35	-1.93
Martin ratio: Return relative to average drawdown	13.02	28.90	-15.88

IDVO vs. BUCK - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.18, which is comparable to the BUCK Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of IDVO and BUCK, 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

IDVO vs. BUCK - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for IDVO and BUCK.

Drawdown Indicators

	IDVO	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-5.43%	-10.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-1.31%	-9.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-5.43%	-10.03%
Current Drawdown Current decline from peak	-1.72%	-0.09%	-1.63%
Average Drawdown Average peak-to-trough decline	-2.30%	-0.49%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	0.24%	+2.48%

Volatility

IDVO vs. BUCK - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 5.82% compared to Simplify Treasury Option Income ETF (BUCK) at 0.28%. This indicates that IDVO's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	0.28%	+5.54%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	1.38%	+12.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	2.98%	+13.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	3.46%	+13.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	3.46%	+13.01%

IDVO vs. BUCK - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

IDVO vs. BUCK - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.50%, less than BUCK's 7.40% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.40%	7.59%	8.84%	4.84%	0.59%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.50%	5.42%	6.14%	5.72%	1.96%

Frequently Asked Questions

Can I hold both IDVO and BUCK in my portfolio?

IDVO and BUCK have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDVO or BUCK?

IDVO has higher volatility (5.82%) compared to BUCK (0.28%). In terms of maximum drawdown, IDVO dropped -15.46% vs BUCK's -5.43%.

Which ETF is better, IDVO or BUCK?

On 3-year performance, IDVO leads with 22.67% vs 5.23% for BUCK. On fees, BUCK is cheaper at 0.35% per year. On volatility, BUCK has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or BUCK?

Over the 3-year period, IDVO has performed better with a 22.67% return vs 5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.65% for IDVO.

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

BUCK has the higher dividend yield at 7.40%, compared with 5.50% for IDVO.

What is the main difference between IDVO and BUCK?

IDVO is categorized as Derivative Income, while BUCK is Government Bonds. They also come from different issuers: Amplify and Simplify. Their fees differ too: 0.65% for IDVO and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.35 vs 2.18), 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.