PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IHYG.L vs. DIVO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHYG.L vs. DIVO

Last updated Jun 5, 2026

IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while DIVO is a Derivative Income fund actively managed by Amplify. IHYG.L is passively managed, while DIVO is actively managed. Over the past 5 years, IHYG.L returned 2.68%/yr vs 11.83%/yr for DIVO. At a 0.26 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.56%/yr for DIVO.

Performance

IHYG.L vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IHYG.L is traded in EUR, while DIVO is traded in USD. To make them comparable, the DIVO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IHYG.L achieves a 0.69% return, which is significantly lower than DIVO's 7.68% return.

IHYG.L

1D
0.07%
1M
0.48%
YTD
0.69%
6M
1.34%
1Y
3.29%
3Y*
6.31%
5Y*
2.68%
10Y*
3.09%

DIVO

1D
-0.17%
1M
3.14%
YTD
7.68%
6M
6.60%
1Y
18.06%
3Y*
12.75%
5Y*
11.83%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHYG.L vs. DIVO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		0.69%5.32%5.71%11.34%-9.47%3.04%1.14%9.71%-3.57%4.81%
DIVO
Amplify CWP Enhanced Dividend Income ETF		7.68%3.47%23.89%3.75%4.65%32.07%3.14%27.72%1.37%6.49%

Correlation

The correlation between IHYG.L and DIVO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Dec 15, 2016

0.26

The correlation between IHYG.L and DIVO shifts across timeframes, from 0.19 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

IHYG.L vs. DIVO - Sectors Allocation Comparison

Sectors
IHYG.L
DIVO

Financial Services

100.0%
30.3%

Basic Materials

-

4.1%

Communication Services

-

1.0%

Consumer Cyclical

-

11.6%

Consumer Defensive

-

6.9%

Energy

-

6.8%

Healthcare

-

6.7%

Industrials

-

16.2%

Real Estate

-

-

Technology

-

14.5%

Utilities

-

2.0%

Financial Services

IHYG.L
100.0%
DIVO
30.3%

Basic Materials

IHYG.L

-

DIVO
4.1%

Communication Services

IHYG.L

-

DIVO
1.0%

Consumer Cyclical

IHYG.L

-

DIVO
11.6%

Consumer Defensive

IHYG.L

-

DIVO
6.9%

Energy

IHYG.L

-

DIVO
6.8%

Healthcare

IHYG.L

-

DIVO
6.7%

Industrials

IHYG.L

-

DIVO
16.2%

Real Estate

IHYG.L

-

DIVO

-

Technology

IHYG.L

-

DIVO
14.5%

Utilities

IHYG.L

-

DIVO
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares € High Yield Corp Bond UCITS ETF EUR (Dist)

Amplify CWP Enhanced Dividend Income ETF

Often compared with IHYG.L:
IHYG.L vs. IEAC.ASIHYG.L vs. XAT1.DEIHYG.L vs. XHYA.DEIHYG.L vs. GLDIHYG.L vs. SDHA.LIHYG.L vs. YIEL.LIHYG.L vs. XHYG.L
Often compared with DIVO:
DIVO vs. JEPIDIVO vs. SCHDDIVO vs. QDVODIVO vs. JEPQDIVO vs. IDVODIVO vs. DIVDIVO vs. DGRO

Return for Risk

IHYG.L vs. DIVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHYG.L
IHYG.L Risk / Return Rank: 2727
Overall Rank
IHYG.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IHYG.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
IHYG.L Omega Ratio Rank: 2626
Omega Ratio Rank
IHYG.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
IHYG.L Martin Ratio Rank: 3232
Martin Ratio Rank
DIVO
DIVO Risk / Return Rank: 6565
Overall Rank
DIVO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
DIVO Sortino Ratio Rank: 6969
Sortino Ratio Rank
DIVO Omega Ratio Rank: 6161
Omega Ratio Rank
DIVO Calmar Ratio Rank: 6565
Calmar Ratio Rank
DIVO Martin Ratio Rank: 6464
Martin Ratio Rank
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.

IHYG.L vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.

IHYG.LDIVODifference
Sharpe ratioReturn per unit of total volatility
0.88
1.86

-0.98

Sortino ratioReturn per unit of downside risk
1.43
2.56

-1.13

Omega ratioGain probability vs. loss probability

1.17

1.34

-0.16

Calmar ratioReturn relative to maximum drawdown

1.14

4.09

-2.96

Martin ratioReturn relative to average drawdown

4.71

12.03

-7.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHYG.L vs. DIVO - Sharpe Ratio Comparison

The current IHYG.L Sharpe Ratio is 0.88, which is lower than the DIVO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IHYG.L and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IHYG.LDIVODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

1.86

-0.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.94

-0.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.72

-0.10

Drawdowns

IHYG.L vs. DIVO - Drawdown Comparison

The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum DIVO drawdown of -29.16%. Use the drawdown chart below to compare losses from any high point for IHYG.L and DIVO.

Loading charts...

Drawdown Indicators

IHYG.LDIVODifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-29.16%

+3.55%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-4.43%

+1.67%

Max Drawdown (3Y)

Largest decline over 3 years

-3.89%

-18.70%

+14.81%

Max Drawdown (5Y)

Largest decline over 5 years

-14.59%

-18.70%

+4.11%

Max Drawdown (10Y)

Largest decline over 10 years

-25.61%

—

—

Current Drawdown

Current decline from peak

-0.16%

-0.17%

+0.01%

Average Drawdown

Average peak-to-trough decline

-2.05%

-3.75%

+1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

1.51%

-0.84%

Volatility

IHYG.L vs. DIVO - Volatility Comparison

The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 1.01%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 2.12%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IHYG.LDIVODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.01%

2.12%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

3.07%

7.16%

-4.09%

Volatility (1Y)

Calculated over the trailing 1-year period

3.56%

9.78%

-6.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.44%

12.62%

-7.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.79%

15.93%

-9.14%

IHYG.L vs. DIVO - Expense Ratio Comparison

IHYG.L has a 0.50% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

IHYG.L vs. DIVO - Dividend Comparison

IHYG.L's dividend yield for the trailing twelve months is around 5.17%, less than DIVO's 6.41% yield.

PositionTTM20252024202320222021202020192018201720162015
DIVO
Amplify CWP Enhanced Dividend Income ETF		6.41%6.44%4.70%4.67%4.76%4.79%4.91%8.16%5.27%3.83%0.00%0.00%
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		5.17%5.44%6.10%5.41%3.70%3.07%3.67%3.76%3.68%3.77%4.03%4.59%

Frequently Asked Questions

IHYG.L and DIVO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IHYG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IHYG.L is cheaper with a 0.50% expense ratio, compared with 0.56% for DIVO.

IHYG.L is categorized as European High Yield Bonds, while DIVO is Derivative Income. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.50% for IHYG.L and 0.56% for DIVO.

Portfolio Optimizer

Find the right allocation for IHYG.L and DIVO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer