IWMY vs. DIVO
IWMY (Defiance R2000 Weekly Distribution ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - IWMY is a Options Trading fund actively managed by Defiance, while DIVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, IWMY returned 21.52% vs 18.65% for DIVO. Their 0.66 correlation means they have sometimes moved together and sometimes differently. IWMY charges 1.05%/yr vs 0.56%/yr for DIVO.
Performance
IWMY vs. DIVO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWMY achieves a 15.27% return, which is significantly higher than DIVO's 8.84% return.
IWMY
- 1D
- 1.69%
- 1M
- -0.31%
- 6M
- 10.17%
- YTD
- 15.27%
- 1Y
- 21.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.16%
DIVO
- 1D
- 0.43%
- 1M
- 1.83%
- 6M
- 4.60%
- YTD
- 8.84%
- 1Y
- 18.65%
- 3Y*
- 15.15%
- 5Y*
- 10.88%
- 10Y*
- —
- ALL TIME*
- 12.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $39.53M | $36.43M | $38.60M | |
| $647.71K | $735.48K | $1.03M |
IWMY vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWMY Defiance R2000 Weekly Distribution ETF | 15.27% | 10.18% | 5.56% | 10.06% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 8.84% | 17.40% | 16.22% | 7.92% |
Correlation
The correlation between IWMY and DIVO is 0.63, 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. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.66 |
The correlation between IWMY and DIVO has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWMY vs. DIVO — Risk / Return Rank
IWMY
DIVO
IWMY vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Weekly Distribution ETF (IWMY) 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.
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.
| IWMY | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.15 | -1.28 |
| Martin ratioReturn relative to average drawdown | 6.07 | 11.15 | -5.08 |
Loading charts...
Drawdowns
IWMY vs. DIVO - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for IWMY and DIVO.
Loading charts...
Drawdown Indicators
| IWMY | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -30.04% | +11.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -5.95% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.72% | — |
Current DrawdownCurrent decline from peak | -0.99% | 0.00% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.58% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.68% | +1.88% |
Volatility
IWMY vs. DIVO - Volatility Comparison
Defiance R2000 Weekly Distribution ETF (IWMY) has a higher volatility of 3.81% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.57%. This indicates that IWMY'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.
Loading charts...
Volatility by Period
| IWMY | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 2.57% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 7.23% | +6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 9.30% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 11.92% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 14.77% | +1.03% |
IWMY vs. DIVO - Expense Ratio Comparison
IWMY has a 1.05% expense ratio, which is higher than DIVO's 0.56% expense ratio.
Dividends
IWMY vs. DIVO - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 41.16%, more than DIVO's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.34% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% |
IWMY Defiance R2000 Weekly Distribution ETF | 41.16% | 63.33% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWMY and DIVO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMY has higher volatility (3.81%) compared to DIVO (2.57%). In terms of maximum drawdown, IWMY dropped -18.72% vs DIVO's -30.04%.
On 1-year performance, IWMY leads with 21.52% vs 18.65% for DIVO. On fees, DIVO is cheaper at 0.56% per year. On volatility, DIVO has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWMY has performed better with a 21.52% return vs 18.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVO is cheaper with a 0.56% expense ratio, compared with 1.05% for IWMY.
IWMY has the higher dividend yield at 41.16%, compared with 6.34% for DIVO.
IWMY is categorized as Options Trading, while DIVO is Derivative Income. They also come from different issuers: Defiance and Amplify. Their fees differ too: 1.05% for IWMY and 0.56% for DIVO.
DIVO currently has the higher Sharpe Ratio (2.02 vs 1.33), 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.
Find the right allocation for IWMY 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