IDVO vs. IGLD

Last updated Jun 9, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while IGLD is a Gold fund actively managed by First Trust. Both are actively managed. Over the past 3 years, IDVO returned 22.06%/yr vs 21.74%/yr for IGLD. At a 0.36 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.85%/yr for IGLD.

Performance

IDVO vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and FT Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVO achieves a 11.49% return, which is significantly higher than IGLD's -0.64% return.

IDVO

• 1D: 0.24%
• 1M: -2.10%
• YTD: 11.49%
• 6M: 12.59%
• 1Y: 31.78%
• 3Y*: 22.06%
• 5Y*: —
• 10Y*: —

IGLD

• 1D: 0.22%
• 1M: -7.38%
• YTD: -0.64%
• 6M: 2.24%
• 1Y: 23.15%
• 3Y*: 21.74%
• 5Y*: 12.52%
• 10Y*: —

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

IDVO vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	11.49%	36.46%	10.16%	17.53%	5.47%
IGLD FT Vest Gold Strategy Target Income ETF	-0.64%	47.46%	19.36%	9.24%	3.71%

Correlation

The correlation between IDVO and IGLD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.36

Return for Risk

IDVO vs. IGLD — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 67
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 67
IDVO Calmar Ratio Rank: 68
IDVO Martin Ratio Rank: 70

IGLD

IGLD Risk / Return Rank: 30
IGLD Sharpe Ratio Rank: 30
IGLD Sortino Ratio Rank: 28
IGLD Omega Ratio Rank: 34
IGLD Calmar Ratio Rank: 30
IGLD Martin Ratio Rank: 27

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. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and FT Vest Gold Strategy Target Income ETF (IGLD). 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.

	IDVO	IGLD	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.99	+1.01
Sortino ratio: Return per unit of downside risk	2.67	1.38	+1.29
Omega ratio: Gain probability vs. loss probability	1.36	1.21	+0.16
Calmar ratio: Return relative to maximum drawdown	3.08	1.32	+1.75
Martin ratio: Return relative to average drawdown	11.84	3.48	+8.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDVO vs. IGLD - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.00, which is higher than the IGLD Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of IDVO and IGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IDVO	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	0.99	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.90	+0.42

Drawdowns

IDVO vs. IGLD - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum IGLD drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for IDVO and IGLD.

Drawdown Indicators

	IDVO	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-18.59%	+3.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-17.56%	+7.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-17.56%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.59%	—
Current Drawdown Current decline from peak	-3.52%	-17.10%	+13.58%
Average Drawdown Average peak-to-trough decline	-2.30%	-5.27%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	6.67%	-3.98%

Volatility

IDVO vs. IGLD - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) and FT Vest Gold Strategy Target Income ETF (IGLD) have volatilities of 5.30% and 5.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	5.18%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	21.28%	-7.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	23.50%	-7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	15.24%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	15.06%	+1.37%

IDVO vs. IGLD - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is lower than IGLD's 0.85% expense ratio.

Dividends

IDVO vs. IGLD - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.61%, less than IGLD's 18.34% yield.

Position	TTM	2025	2024	2023	2022	2021
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.61%	5.42%	6.14%	5.72%	1.96%	0.00%
IGLD FT Vest Gold Strategy Target Income ETF	18.34%	9.91%	20.81%	7.85%	4.45%	2.24%

Frequently Asked Questions

Can I hold both IDVO and IGLD in my portfolio?

IDVO and IGLD have a correlation of 0.40, 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 IGLD?

IDVO has higher volatility (5.30%) compared to IGLD (5.18%). In terms of maximum drawdown, IDVO dropped -15.46% vs IGLD's -18.59%.

Which ETF is better, IDVO or IGLD?

On 3-year performance, IDVO leads with 22.06% vs 21.74% for IGLD. On fees, IDVO is cheaper at 0.65% per year. On volatility, IGLD has been the lower-risk option at 5.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or IGLD?

Over the 3-year period, IDVO has performed better with a 22.06% return vs 21.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or IGLD?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.85% for IGLD.

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

IGLD has the higher dividend yield at 18.34%, compared with 5.61% for IDVO.

What is the main difference between IDVO and IGLD?

IDVO is categorized as Derivative Income, while IGLD is Gold. They also come from different issuers: Amplify and First Trust. Their fees differ too: 0.65% for IDVO and 0.85% for IGLD.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.00 vs 0.99), 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.