IDVO vs. SLJY

Last updated Jul 21, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and SLJY (Amplify SILJ Covered Call ETF) are both Derivative Income funds from Amplify. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. IDVO charges 0.65%/yr vs 0.75%/yr for SLJY.

Performance

IDVO vs. SLJY - Performance Comparison

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

Returns By Period

In the year-to-date period, IDVO achieves a 12.22% return, which is significantly higher than SLJY's -10.91% return.

IDVO

• 1D: -0.38%
• 1M: -0.99%
• 6M: 4.02%
• YTD: 12.22%
• 1Y: 30.16%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.32%

SLJY

• 1D: -0.25%
• 1M: -11.40%
• 6M: -23.95%
• YTD: -10.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

IDVO vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
IDVO Amplify CWP International Enhanced Dividend Income ETF	12.22%	10.61%
SLJY Amplify SILJ Covered Call ETF	-10.91%	42.11%

Correlation

The correlation between IDVO and SLJY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.58

Return for Risk

IDVO vs. SLJY — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 76
IDVO Sharpe Ratio Rank: 78
IDVO Sortino Ratio Rank: 74
IDVO Omega Ratio Rank: 76
IDVO Calmar Ratio Rank: 77
IDVO Martin Ratio Rank: 78

SLJY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SLJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Amplify SILJ Covered Call ETF (SLJY). 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	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	1.85	—	—
Sortino ratio: Return per unit of downside risk	2.50	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	10.74	—	—

Drawdowns

IDVO vs. SLJY - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum SLJY drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for IDVO and SLJY.

Drawdown Indicators

	IDVO	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-35.19%	+19.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	—	—
Current Drawdown Current decline from peak	-2.90%	-35.19%	+32.29%
Average Drawdown Average peak-to-trough decline	-2.30%	-12.33%	+10.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	—	—

Volatility

Volatility by Period

	IDVO	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.45%	49.47%	-33.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	49.47%	-33.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.40%	49.47%	-33.07%

IDVO vs. SLJY - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is lower than SLJY's 0.75% expense ratio.

Dividends

IDVO vs. SLJY - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.69%, less than SLJY's 22.85% yield.

Position	TTM	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.69%	5.42%	6.14%	5.72%	1.96%
SLJY Amplify SILJ Covered Call ETF	22.85%	6.26%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDVO and SLJY in my portfolio?

IDVO and SLJY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDVO or SLJY?

On fees, IDVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDVO or SLJY?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.75% for SLJY.

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

SLJY has the higher dividend yield at 22.85%, compared with 5.69% for IDVO.

What is the main difference between IDVO and SLJY?

Their fees differ too: 0.65% for IDVO and 0.75% for SLJY.