IVE vs. DIVO

Last updated Jun 4, 2026

IVE (iShares S&P 500 Value ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index, while DIVO is a Derivative Income fund actively managed by Amplify. IVE is passively managed, while DIVO is actively managed. Over the past 5 years, IVE returned 10.54%/yr vs 10.61%/yr for DIVO. Their correlation of 0.82 suggests significant overlap in exposure. IVE charges 0.18%/yr vs 0.56%/yr for DIVO.

Performance

IVE vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Value ETF (IVE) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVE achieves a 7.46% return, which is significantly higher than DIVO's 5.53% return.

IVE

• 1D: -0.35%
• 1M: 2.24%
• YTD: 7.46%
• 6M: 7.74%
• 1Y: 21.15%
• 3Y*: 15.57%
• 5Y*: 10.54%
• 10Y*: 11.76%

DIVO

• 1D: -0.54%
• 1M: 2.34%
• YTD: 5.53%
• 6M: 5.82%
• 1Y: 18.37%
• 3Y*: 15.35%
• 5Y*: 10.61%
• 10Y*: —

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

IVE vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVE iShares S&P 500 Value ETF	7.46%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%
DIVO Amplify CWP Enhanced Dividend Income ETF	5.53%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%

Correlation

The correlation between IVE and DIVO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.82

The correlation between IVE and DIVO has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

IVE vs. DIVO - Sectors Allocation Comparison

Sectors	IVE	DIVO
Technology	19.6%	14.5%
Financial Services	15.2%	30.3%
Healthcare	11.6%	6.7%
Consumer Cyclical	11.0%	11.6%
Industrials	10.7%	16.2%
Consumer Defensive	9.5%	6.9%
Energy	7.6%	6.8%
Utilities	4.6%	2.0%
Real Estate	3.5%	-
Basic Materials	3.4%	4.1%
Communication Services	3.3%	1.0%

Return for Risk

IVE vs. DIVO — Risk / Return Rank

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

IVE

IVE Risk / Return Rank: 66
IVE Sharpe Ratio Rank: 64
IVE Sortino Ratio Rank: 64
IVE Omega Ratio Rank: 63
IVE Calmar Ratio Rank: 68
IVE Martin Ratio Rank: 69

DIVO

DIVO Risk / Return Rank: 61
DIVO Sharpe Ratio Rank: 59
DIVO Sortino Ratio Rank: 64
DIVO Omega Ratio Rank: 58
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 61

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.

IVE vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) 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.

	IVE	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.06	+0.12
Sortino ratio: Return per unit of downside risk	3.03	3.05	-0.02
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	3.43	3.10	+0.33
Martin ratio: Return relative to average drawdown	13.10	11.21	+1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVE vs. DIVO - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 2.17, which is comparable to the DIVO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IVE 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.

Sharpe Ratios by Period

	IVE	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.06	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.89	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.85	-0.45

Drawdowns

IVE vs. DIVO - Drawdown Comparison

The maximum IVE drawdown since its inception was -61.32%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for IVE and DIVO.

Drawdown Indicators

	IVE	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-61.32%	-30.04%	-31.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-5.95%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-12.12%	-5.46%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-13.72%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.82%	+0.27%
Average Drawdown Average peak-to-trough decline	-10.10%	-2.61%	-7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.64%	-0.02%

Volatility

IVE vs. DIVO - Volatility Comparison

iShares S&P 500 Value ETF (IVE) and Amplify CWP Enhanced Dividend Income ETF (DIVO) have volatilities of 2.00% and 2.01%, 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

	IVE	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	2.01%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	6.88%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	8.97%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	11.94%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	14.84%	+2.12%

IVE vs. DIVO - Expense Ratio Comparison

IVE has a 0.18% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

IVE vs. DIVO - Dividend Comparison

IVE's dividend yield for the trailing twelve months is around 1.52%, less than DIVO's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVO Amplify CWP Enhanced Dividend Income ETF	6.42%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%	0.00%	0.00%
IVE iShares S&P 500 Value ETF	1.52%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%

Frequently Asked Questions

Can I hold both IVE and DIVO in my portfolio?

IVE and DIVO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVE or DIVO?

DIVO has higher volatility (2.01%) compared to IVE (2.00%). In terms of maximum drawdown, IVE dropped -61.32% vs DIVO's -30.04%.

Which ETF is better, IVE or DIVO?

On 5-year performance, DIVO leads with 10.61% vs 10.54% for IVE. On fees, IVE is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVE or DIVO?

Over the 5-year period, DIVO has performed better with a 10.61% return vs 10.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVE or DIVO?

IVE is cheaper with a 0.18% expense ratio, compared with 0.56% for DIVO.

Which ETF pays a higher dividend yield, IVE or DIVO?

DIVO has the higher dividend yield at 6.42%, compared with 1.52% for IVE.

What is the main difference between IVE and DIVO?

IVE is categorized as Large Cap Value Equities, while DIVO is Derivative Income. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.18% for IVE and 0.56% for DIVO.

Which has better risk-adjusted returns?

IVE 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.