KDEF vs. IDVO

Last updated Jun 23, 2026

KDEF (PLUS Korea Defense Industry Index ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - KDEF is a Aerospace & Defense fund tracking the The Korea Defence Industry Index, while IDVO is a Derivative Income fund actively managed by Amplify. KDEF is passively managed, while IDVO is actively managed. Over the past year, KDEF returned 14.44% vs 35.30% for IDVO. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

KDEF vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PLUS Korea Defense Industry Index ETF (KDEF) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KDEF achieves a 4.98% return, which is significantly lower than IDVO's 13.58% return.

KDEF

• 1D: -5.86%
• 1M: -14.33%
• YTD: 4.98%
• 6M: 7.11%
• 1Y: 14.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDVO

• 1D: 0.21%
• 1M: 0.57%
• YTD: 13.58%
• 6M: 13.59%
• 1Y: 35.30%
• 3Y*: 22.67%
• 5Y*: —
• 10Y*: —

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

KDEF vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025
KDEF PLUS Korea Defense Industry Index ETF	4.98%	116.28%
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.58%	29.49%

Correlation

The correlation between KDEF and IDVO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.39

KDEF vs. IDVO - Sectors Allocation Comparison

Sectors	KDEF	IDVO
Industrials	87.8%	7.2%
Consumer Cyclical	6.6%	3.2%
Healthcare	2.9%	7.8%
Technology	2.7%	10.7%
Basic Materials	-	17.1%
Communication Services	-	10.3%
Consumer Defensive	-	8.2%
Energy	-	12.5%
Financial Services	-	19.9%
Real Estate	-	-
Utilities	-	3.2%

Return for Risk

KDEF vs. IDVO — Risk / Return Rank

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

KDEF

KDEF Risk / Return Rank: 14
KDEF Sharpe Ratio Rank: 13
KDEF Sortino Ratio Rank: 14
KDEF Omega Ratio Rank: 14
KDEF Calmar Ratio Rank: 13
KDEF Martin Ratio Rank: 14

IDVO

IDVO Risk / Return Rank: 70
IDVO Sharpe Ratio Rank: 70
IDVO Sortino Ratio Rank: 66
IDVO Omega Ratio Rank: 70
IDVO Calmar Ratio Rank: 70
IDVO Martin Ratio Rank: 72

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.

KDEF vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PLUS Korea Defense Industry Index ETF (KDEF) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.

	KDEF	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	0.31	2.18	-1.87
Sortino ratio: Return per unit of downside risk	0.75	2.92	-2.17
Omega ratio: Gain probability vs. loss probability	1.09	1.40	-0.31
Calmar ratio: Return relative to maximum drawdown	0.41	3.42	-3.01
Martin ratio: Return relative to average drawdown	1.24	13.02	-11.78

KDEF vs. IDVO - Sharpe Ratio Comparison

The current KDEF Sharpe Ratio is 0.31, which is lower than the IDVO Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of KDEF and IDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KDEF vs. IDVO - Drawdown Comparison

The maximum KDEF drawdown since its inception was -35.55%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for KDEF and IDVO.

Drawdown Indicators

	KDEF	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-15.46%	-20.09%
Max Drawdown (1Y) Largest decline over 1 year	-35.55%	-10.37%	-25.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.46%	—
Current Drawdown Current decline from peak	-30.17%	-1.72%	-28.45%
Average Drawdown Average peak-to-trough decline	-7.22%	-2.30%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.63%	2.72%	+8.91%

Volatility

KDEF vs. IDVO - Volatility Comparison

PLUS Korea Defense Industry Index ETF (KDEF) has a higher volatility of 20.06% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 5.82%. This indicates that KDEF's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KDEF	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.06%	5.82%	+14.24%
Volatility (6M) Calculated over the trailing 6-month period	39.43%	13.85%	+25.58%
Volatility (1Y) Calculated over the trailing 1-year period	46.97%	16.31%	+30.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.94%	16.47%	+31.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.94%	16.47%	+31.47%

KDEF vs. IDVO - Expense Ratio Comparison

Both KDEF and IDVO have an expense ratio of 0.65%.

Dividends

KDEF vs. IDVO - Dividend Comparison

KDEF's dividend yield for the trailing twelve months is around 6.55%, more than IDVO's 5.50% yield.

Position	TTM	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.50%	5.42%	6.14%	5.72%	1.96%
KDEF PLUS Korea Defense Industry Index ETF	6.55%	5.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KDEF and IDVO in my portfolio?

KDEF and IDVO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KDEF or IDVO?

KDEF has higher volatility (20.06%) compared to IDVO (5.82%). In terms of maximum drawdown, KDEF dropped -35.55% vs IDVO's -15.46%.

Which ETF is better, KDEF or IDVO?

On 1-year performance, IDVO leads with 35.30% vs 14.44% for KDEF. Both ETFs have the same 0.65% expense ratio. On volatility, IDVO has been the lower-risk option at 5.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KDEF or IDVO?

Over the 1-year period, IDVO has performed better with a 35.30% return vs 14.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KDEF or IDVO?

KDEF and IDVO have the same expense ratio: 0.65% per year.

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

KDEF has the higher dividend yield at 6.55%, compared with 5.50% for IDVO.

What is the main difference between KDEF and IDVO?

KDEF is categorized as Aerospace & Defense, while IDVO is Derivative Income. They also come from different issuers: PLUS and Amplify.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.18 vs 0.31), 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.