IDVO vs. HYGW
IDVO (Amplify CWP International Enhanced Dividend Income ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both Derivative Income funds. IDVO is actively managed, while HYGW is passively managed. Over the past 3 years, IDVO returned 21.67%/yr vs 5.30%/yr for HYGW. Their 0.51 correlation means they have sometimes moved together and sometimes differently. IDVO charges 0.65%/yr vs 0.69%/yr for HYGW.
Performance
IDVO vs. HYGW - Performance Comparison
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Returns By Period
In the year-to-date period, IDVO achieves a 15.27% return, which is significantly higher than HYGW's 2.36% return.
IDVO
- 1D
- -0.12%
- 1M
- 2.62%
- 6M
- 5.05%
- YTD
- 15.27%
- 1Y
- 35.30%
- 3Y*
- 21.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.98%
HYGW
- 1D
- 0.14%
- 1M
- 0.03%
- 6M
- 1.81%
- YTD
- 2.36%
- 1Y
- 5.90%
- 3Y*
- 5.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $480.97K | $636.40K | $814.79K | |
| $9.04M | $8.69M | $10.70M |
IDVO vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IDVO Amplify CWP International Enhanced Dividend Income ETF | 15.27% | 36.46% | 10.16% | 17.53% | 6.42% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.36% | 6.19% | 6.99% | 7.31% | 0.31% |
Correlation
The correlation between IDVO and HYGW is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.51 |
The correlation between IDVO and HYGW has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
IDVO vs. HYGW — Risk / Return Rank
IDVO
HYGW
IDVO vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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 | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.26 | +0.06 |
| Martin ratioReturn relative to average drawdown | 12.24 | 14.57 | -2.32 |
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Drawdowns
IDVO vs. HYGW - Drawdown Comparison
The maximum IDVO drawdown since its inception was -15.46%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for IDVO and HYGW.
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Drawdown Indicators
| IDVO | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.46% | -5.49% | -9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -1.82% | -8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.46% | -3.42% | -12.04% |
Current DrawdownCurrent decline from peak | -0.26% | -0.21% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -0.59% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 0.41% | +2.40% |
Volatility
IDVO vs. HYGW - Volatility Comparison
Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 4.34% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.80%. This indicates that IDVO's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDVO | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 0.80% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 2.32% | +11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 2.92% | +13.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 4.62% | +11.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 4.62% | +11.81% |
IDVO vs. HYGW - Expense Ratio Comparison
IDVO has a 0.65% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Dividends
IDVO vs. HYGW - Dividend Comparison
IDVO's dividend yield for the trailing twelve months is around 5.66%, less than HYGW's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 10.71% | 12.53% | 12.30% | 15.98% | 8.71% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.66% | 5.42% | 6.14% | 5.72% | 1.96% |
Frequently Asked Questions
IDVO and HYGW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDVO has higher volatility (4.34%) compared to HYGW (0.80%). In terms of maximum drawdown, IDVO dropped -15.46% vs HYGW's -5.49%.
On 3-year performance, IDVO leads with 21.67% vs 5.30% for HYGW. On fees, IDVO is cheaper at 0.65% per year. On volatility, HYGW has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDVO has performed better with a 21.67% return vs 5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDVO is cheaper with a 0.65% expense ratio, compared with 0.69% for HYGW.
HYGW has the higher dividend yield at 10.71%, compared with 5.66% for IDVO.
They also come from different issuers: Amplify and iShares. Their fees differ too: 0.65% for IDVO and 0.69% for HYGW.
IDVO currently has the higher Sharpe Ratio (2.06 vs 2.03), 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.
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