IWDA.AS vs. DIVO

Last updated Jun 5, 2026

IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI World Index, while DIVO is a Derivative Income fund actively managed by Amplify. IWDA.AS is passively managed, while DIVO is actively managed. Over the past 5 years, IWDA.AS returned 12.88%/yr vs 11.93%/yr for DIVO. A 0.53 correlation means they provide meaningful diversification when combined. IWDA.AS charges 0.20%/yr vs 0.56%/yr for DIVO.

Performance

IWDA.AS vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IWDA.AS 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, IWDA.AS achieves a 11.06% return, which is significantly higher than DIVO's 7.22% return.

IWDA.AS

• 1D: -0.03%
• 1M: 3.65%
• YTD: 11.06%
• 6M: 11.08%
• 1Y: 23.22%
• 3Y*: 17.53%
• 5Y*: 12.88%
• 10Y*: 12.81%

DIVO

• 1D: -0.42%
• 1M: 3.86%
• YTD: 7.22%
• 6M: 6.61%
• 1Y: 16.28%
• 3Y*: 12.49%
• 5Y*: 11.93%
• 10Y*: —

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

IWDA.AS vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	11.06%	7.08%	27.23%	19.89%	-13.54%	32.54%	6.20%	29.58%	-4.16%	7.49%
DIVO Amplify CWP Enhanced Dividend Income ETF	7.22%	3.47%	23.89%	3.75%	4.65%	32.07%	3.14%	27.72%	1.37%	6.49%

Correlation

The correlation between IWDA.AS and DIVO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.53

The correlation between IWDA.AS and DIVO has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.

Return for Risk

IWDA.AS vs. DIVO — Risk / Return Rank

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

IWDA.AS

IWDA.AS Risk / Return Rank: 71
IWDA.AS Sharpe Ratio Rank: 66
IWDA.AS Sortino Ratio Rank: 67
IWDA.AS Omega Ratio Rank: 69
IWDA.AS Calmar Ratio Rank: 74
IWDA.AS Martin Ratio Rank: 77

DIVO

DIVO Risk / Return Rank: 66
DIVO Sharpe Ratio Rank: 66
DIVO Sortino Ratio Rank: 72
DIVO Omega Ratio Rank: 63
DIVO Calmar Ratio Rank: 66
DIVO Martin Ratio Rank: 65

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.

IWDA.AS vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) 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.

	IWDA.AS	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.68	+0.47
Sortino ratio: Return per unit of downside risk	3.03	2.33	+0.70
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	3.64	3.69	-0.05
Martin ratio: Return relative to average drawdown	14.53	10.90	+3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDA.AS vs. DIVO - Sharpe Ratio Comparison

The current IWDA.AS Sharpe Ratio is 2.15, which is comparable to the DIVO Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of IWDA.AS 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

	IWDA.AS	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.68	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.95	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.72	+0.10

Drawdowns

IWDA.AS vs. DIVO - Drawdown Comparison

The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than DIVO's maximum drawdown of -29.16%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and DIVO.

Drawdown Indicators

	IWDA.AS	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	-29.16%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-4.43%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-21.59%	-18.70%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	-18.70%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	-33.63%	—	—
Current Drawdown Current decline from peak	-0.34%	-0.59%	+0.25%
Average Drawdown Average peak-to-trough decline	-4.25%	-3.75%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.51%	+0.12%

Volatility

IWDA.AS vs. DIVO - Volatility Comparison

iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 2.62% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.12%. This indicates that IWDA.AS's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWDA.AS	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.12%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	7.16%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.90%	9.74%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	12.63%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	15.93%	-0.94%

IWDA.AS vs. DIVO - Expense Ratio Comparison

IWDA.AS has a 0.20% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

IWDA.AS vs. DIVO - Dividend Comparison

IWDA.AS has not paid dividends to shareholders, while DIVO's dividend yield for the trailing twelve months is around 6.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.43%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWDA.AS and DIVO in my portfolio?

IWDA.AS and DIVO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWDA.AS or DIVO?

On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWDA.AS or DIVO?

IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.56% for DIVO.

What is the main difference between IWDA.AS and DIVO?

IWDA.AS is categorized as Global Equities, while DIVO is Derivative Income. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.20% for IWDA.AS and 0.56% for DIVO.