IDVO vs. RYLD

Last updated Aug 2, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both Derivative Income funds. IDVO is actively managed, while RYLD is passively managed. Over the past 3 years, IDVO returned 21.67%/yr vs 8.04%/yr for RYLD. Their 0.68 correlation means they have sometimes moved together and sometimes differently. IDVO charges 0.65%/yr vs 0.60%/yr for RYLD.

Performance

IDVO vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Global X Russell 2000 Covered Call ETF (RYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVO achieves a 15.27% return, which is significantly higher than RYLD's 12.29% 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%

RYLD

• 1D: -0.19%
• 1M: 1.19%
• 6M: 10.16%
• YTD: 12.29%
• 1Y: 24.93%
• 3Y*: 8.04%
• 5Y*: 3.15%
• 10Y*: —
• ALL TIME*: 5.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IDVO Amplify CWP International Enhanced Dividend Income ETF	$9.04M	$8.69M	$10.70M
RYLD Global X Russell 2000 Covered Call ETF	$10.07M	$9.36M	$9.08M

IDVO vs. RYLD - 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%
RYLD Global X Russell 2000 Covered Call ETF	12.29%	5.65%	10.13%	0.27%	-1.22%

Correlation

The correlation between IDVO and RYLD is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.68

The correlation between IDVO and RYLD has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

IDVO vs. RYLD - Sectors Allocation Comparison

Sectors	IDVO	RYLD
Financial Services	22.3%	17.8%
Basic Materials	13.2%	4.4%
Energy	12.7%	5.5%
Technology	11.9%	14.5%
Communication Services	10.7%	2.2%
Consumer Defensive	9.5%	2.6%
Healthcare	7.5%	20.3%
Industrials	6.9%	14.1%
Utilities	3.1%	2.8%
Consumer Cyclical	2.2%	9.2%
Real Estate	-	6.8%

Return for Risk

IDVO vs. RYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDVO

IDVO Risk / Return Rank: 86
IDVO Sharpe Ratio Rank: 87
IDVO Sortino Ratio Rank: 85
IDVO Omega Ratio Rank: 86
IDVO Calmar Ratio Rank: 86
IDVO Martin Ratio Rank: 86

RYLD

RYLD Risk / Return Rank: 90
RYLD Sharpe Ratio Rank: 89
RYLD Sortino Ratio Rank: 89
RYLD Omega Ratio Rank: 92
RYLD Calmar Ratio Rank: 89
RYLD Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDVO vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Global X Russell 2000 Covered Call ETF (RYLD). 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	RYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.17	-0.10
Sortino ratio: Return per unit of downside risk	2.78	3.05	-0.27
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	3.32	3.67	-0.35
Martin ratio: Return relative to average drawdown	12.24	15.02	-2.78

IDVO vs. RYLD - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.06, which is comparable to the RYLD Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IDVO and RYLD, 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. RYLD - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for IDVO and RYLD.

Drawdown Indicators

	IDVO	RYLD	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-41.53%	+26.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-6.29%	-4.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-19.05%	+3.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.33%	—
Current Drawdown Current decline from peak	-0.26%	-0.37%	+0.11%
Average Drawdown Average peak-to-trough decline	-2.29%	-8.65%	+6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	1.54%	+1.27%

Volatility

IDVO vs. RYLD - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 4.34% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.07%. This indicates that IDVO's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	RYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	2.07%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	7.73%	+6.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.69%	10.67%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	13.97%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	17.04%	-0.61%

IDVO vs. RYLD - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is higher than RYLD's 0.60% expense ratio.

Dividends

IDVO vs. RYLD - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.66%, less than RYLD's 11.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.66%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%
RYLD Global X Russell 2000 Covered Call ETF	11.62%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%

Frequently Asked Questions

Can I hold both IDVO and RYLD in my portfolio?

IDVO and RYLD have a correlation of 0.68, 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 RYLD?

IDVO has higher volatility (4.34%) compared to RYLD (2.07%). In terms of maximum drawdown, IDVO dropped -15.46% vs RYLD's -41.53%.

Which ETF is better, IDVO or RYLD?

On 3-year performance, IDVO leads with 21.67% vs 8.04% for RYLD. On fees, RYLD is cheaper at 0.60% per year. On volatility, RYLD has been the lower-risk option at 2.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or RYLD?

Over the 3-year period, IDVO has performed better with a 21.67% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or RYLD?

RYLD is cheaper with a 0.60% expense ratio, compared with 0.65% for IDVO.

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

RYLD has the higher dividend yield at 11.62%, compared with 5.66% for IDVO.

What is the main difference between IDVO and RYLD?

They also come from different issuers: Amplify and Global X. Their fees differ too: 0.65% for IDVO and 0.60% for RYLD.

Which has better risk-adjusted returns?

RYLD currently has the higher Sharpe Ratio (2.17 vs 2.06), 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.