IDVO vs. FYEE

Last updated Jun 23, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. Over the past year, IDVO returned 35.30% vs 23.53% for FYEE. A 0.65 correlation means they provide meaningful diversification when combined. IDVO charges 0.65%/yr vs 0.28%/yr for FYEE.

Performance

IDVO vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Fidelity Yield Enhanced Equity ETF (FYEE). 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 FYEE's 6.49% return.

IDVO

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

FYEE

• 1D: -0.03%
• 1M: 0.47%
• YTD: 6.49%
• 6M: 6.43%
• 1Y: 23.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDVO vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.58%	36.46%	1.50%
FYEE Fidelity Yield Enhanced Equity ETF	6.49%	15.76%	13.66%

Correlation

The correlation between IDVO and FYEE 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 (All Time) Calculated using the full available price history since Apr 11, 2024	0.65

The correlation between IDVO and FYEE has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

IDVO vs. FYEE — 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

FYEE

FYEE Risk / Return Rank: 75
FYEE Sharpe Ratio Rank: 75
FYEE Sortino Ratio Rank: 71
FYEE Omega Ratio Rank: 82
FYEE Calmar Ratio Rank: 66
FYEE Martin Ratio Rank: 81

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. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Fidelity Yield Enhanced Equity ETF (FYEE). 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	FYEE	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.31	-0.13
Sortino ratio: Return per unit of downside risk	2.92	3.08	-0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.07
Calmar ratio: Return relative to maximum drawdown	3.42	3.20	+0.22
Martin ratio: Return relative to average drawdown	13.02	15.71	-2.69

IDVO vs. FYEE - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.18, which is comparable to the FYEE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IDVO and FYEE, 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. FYEE - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for IDVO and FYEE.

Drawdown Indicators

	IDVO	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-18.79%	+3.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-7.39%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	—	—
Current Drawdown Current decline from peak	-1.72%	-0.81%	-0.91%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.23%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.50%	+1.22%

Volatility

IDVO vs. FYEE - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 5.82% compared to Fidelity Yield Enhanced Equity ETF (FYEE) at 3.97%. This indicates that IDVO's price experiences larger fluctuations and is considered to be riskier than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	3.97%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	8.07%	+5.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	10.24%	+6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	13.92%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	13.92%	+2.55%

IDVO vs. FYEE - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

IDVO vs. FYEE - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.50%, less than FYEE's 8.53% yield.

Position	TTM	2025	2024	2023	2022
FYEE Fidelity Yield Enhanced Equity ETF	8.53%	7.08%	5.45%	0.00%	0.00%
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 FYEE in my portfolio?

IDVO and FYEE 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, IDVO or FYEE?

IDVO has higher volatility (5.82%) compared to FYEE (3.97%). In terms of maximum drawdown, IDVO dropped -15.46% vs FYEE's -18.79%.

Which ETF is better, IDVO or FYEE?

On 1-year performance, IDVO leads with 35.30% vs 23.53% for FYEE. On fees, FYEE is cheaper at 0.28% per year. On volatility, FYEE has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or FYEE?

Over the 1-year period, IDVO has performed better with a 35.30% return vs 23.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.65% for IDVO.

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

FYEE has the higher dividend yield at 8.53%, compared with 5.50% for IDVO.

What is the main difference between IDVO and FYEE?

They also come from different issuers: Amplify and Fidelity. Their fees differ too: 0.65% for IDVO and 0.28% for FYEE.

Which has better risk-adjusted returns?

FYEE currently has the higher Sharpe Ratio (2.31 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.