IDVO vs. GDE

Last updated Jun 14, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, IDVO returned 22.78%/yr vs 42.64%/yr for GDE. A 0.62 correlation means they provide meaningful diversification when combined. IDVO charges 0.65%/yr vs 0.20%/yr for GDE.

Performance

IDVO vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVO achieves a 14.60% return, which is significantly higher than GDE's 3.16% return.

IDVO

• 1D: 0.52%
• 1M: 0.18%
• YTD: 14.60%
• 6M: 15.00%
• 1Y: 35.61%
• 3Y*: 22.78%
• 5Y*: —
• 10Y*: —

GDE

• 1D: 0.67%
• 1M: -9.22%
• YTD: 3.16%
• 6M: 4.00%
• 1Y: 40.98%
• 3Y*: 42.64%
• 5Y*: —
• 10Y*: —

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

IDVO vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	14.60%	36.46%	10.16%	17.53%	6.42%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.16%	73.76%	44.79%	33.85%	0.47%

Correlation

The correlation between IDVO and GDE is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.62

The correlation between IDVO and GDE has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.

Return for Risk

IDVO vs. GDE — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 75
IDVO Sharpe Ratio Rank: 76
IDVO Sortino Ratio Rank: 73
IDVO Omega Ratio Rank: 75
IDVO Calmar Ratio Rank: 74
IDVO Martin Ratio Rank: 76

GDE

GDE Risk / Return Rank: 42
GDE Sharpe Ratio Rank: 45
GDE Sortino Ratio Rank: 39
GDE Omega Ratio Rank: 46
GDE Calmar Ratio Rank: 41
GDE Martin Ratio Rank: 38

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. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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	GDE	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.39	+0.70
Sortino ratio: Return per unit of downside risk	2.81	1.81	+1.01
Omega ratio: Gain probability vs. loss probability	1.38	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	3.30	1.83	+1.47
Martin ratio: Return relative to average drawdown	12.60	5.36	+7.24

IDVO vs. GDE - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.09, which is higher than the GDE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of IDVO and GDE, 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. GDE - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for IDVO and GDE.

Drawdown Indicators

	IDVO	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-32.01%	+16.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-22.66%	+12.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-22.66%	+7.20%
Current Drawdown Current decline from peak	-0.84%	-16.53%	+15.69%
Average Drawdown Average peak-to-trough decline	-2.30%	-7.93%	+5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	7.73%	-5.02%

Volatility

IDVO vs. GDE - Volatility Comparison

The current volatility for Amplify CWP International Enhanced Dividend Income ETF (IDVO) is 6.41%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 10.77%. This indicates that IDVO experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	10.77%	-4.36%
Volatility (6M) Calculated over the trailing 6-month period	13.94%	25.97%	-12.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	29.88%	-13.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	27.09%	-10.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	27.09%	-10.59%

IDVO vs. GDE - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

IDVO vs. GDE - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.46%, more than GDE's 4.19% yield.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.19%	4.32%	7.14%	2.22%	0.81%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.46%	5.42%	6.14%	5.72%	1.96%

Frequently Asked Questions

Can I hold both IDVO and GDE in my portfolio?

IDVO and GDE have a correlation of 0.60, 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 GDE?

GDE has higher volatility (10.77%) compared to IDVO (6.41%). In terms of maximum drawdown, IDVO dropped -15.46% vs GDE's -32.01%.

Which ETF is better, IDVO or GDE?

On 3-year performance, GDE leads with 42.64% vs 22.78% for IDVO. On fees, GDE is cheaper at 0.20% per year. On volatility, IDVO has been the lower-risk option at 6.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or GDE?

Over the 3-year period, GDE has performed better with a 42.64% return vs 22.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.65% for IDVO.

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

IDVO has the higher dividend yield at 5.46%, compared with 4.19% for GDE.

What is the main difference between IDVO and GDE?

IDVO is categorized as Derivative Income, while GDE is Gold. They also come from different issuers: Amplify and WisdomTree. Their fees differ too: 0.65% for IDVO and 0.20% for GDE.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.09 vs 1.39), 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.