IDVO vs. OPPJ
IDVO (Amplify CWP International Enhanced Dividend Income ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. IDVO is actively managed, while OPPJ is passively managed. Over the past 3 years, IDVO returned 22.78%/yr vs 33.91%/yr for OPPJ. At a 0.46 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.58%/yr for OPPJ.
Performance
IDVO vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, IDVO achieves a 14.60% return, which is significantly lower than OPPJ's 26.23% return.
IDVO
- 1D
- 0.52%
- 1M
- 0.18%
- YTD
- 14.60%
- 6M
- 15.00%
- 1Y
- 35.61%
- 3Y*
- 22.78%
- 5Y*
- —
- 10Y*
- —
OPPJ
- 1D
- 1.04%
- 1M
- -4.22%
- YTD
- 26.23%
- 6M
- 27.08%
- 1Y
- 64.16%
- 3Y*
- 33.91%
- 5Y*
- 25.20%
- 10Y*
- 17.80%
IDVO vs. OPPJ - 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% |
OPPJ WisdomTree Japan Opportunities ETF | 26.23% | 37.08% | 20.70% | 38.96% | 1.00% |
Correlation
The correlation between IDVO and OPPJ is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.46 |
The correlation between IDVO and OPPJ has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.
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Return for Risk
IDVO vs. OPPJ — Risk / Return Rank
IDVO
OPPJ
IDVO vs. OPPJ - 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 Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.53 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 6.58 | -3.28 |
| Martin ratioReturn relative to average drawdown | 12.60 | 22.36 | -9.76 |
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Drawdowns
IDVO vs. OPPJ - Drawdown Comparison
The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for IDVO and OPPJ.
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Drawdown Indicators
| IDVO | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.46% | -39.30% | +23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.82% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.46% | -16.49% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -0.84% | -4.22% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -6.49% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.89% | -0.18% |
Volatility
IDVO vs. OPPJ - Volatility Comparison
Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 6.41% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 5.83%. This indicates that IDVO's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDVO | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 5.83% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 15.99% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 20.10% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 18.15% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 19.73% | -3.23% |
IDVO vs. OPPJ - Expense Ratio Comparison
IDVO has a 0.65% expense ratio, which is higher than OPPJ's 0.58% expense ratio.
Dividends
IDVO vs. OPPJ - Dividend Comparison
IDVO's dividend yield for the trailing twelve months is around 5.46%, more than OPPJ's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.46% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
IDVO and OPPJ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDVO has higher volatility (6.41%) compared to OPPJ (5.83%). In terms of maximum drawdown, IDVO dropped -15.46% vs OPPJ's -39.30%.
On 3-year performance, OPPJ leads with 33.91% vs 22.78% for IDVO. On fees, OPPJ is cheaper at 0.58% per year. On volatility, OPPJ has been the lower-risk option at 5.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OPPJ has performed better with a 33.91% return vs 22.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.65% for IDVO.
IDVO has the higher dividend yield at 5.46%, compared with 1.50% for OPPJ.
IDVO is categorized as Derivative Income, while OPPJ is Japan Equities. They also come from different issuers: Amplify and WisdomTree. Their fees differ too: 0.65% for IDVO and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.09), 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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