MD vs. DIVO
MD (MEDNAX, Inc.) is a stock, while DIVO (Amplify CWP Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 5 years, MD returned -1.07%/yr vs 10.82%/yr for DIVO. At a 0.37 correlation, their price movements are largely independent.
Performance
MD vs. DIVO - Performance Comparison
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Returns By Period
In the year-to-date period, MD achieves a 23.14% return, which is significantly higher than DIVO's 7.50% return.
MD
- 1D
- 1.78%
- 1M
- 9.07%
- 6M
- 16.19%
- YTD
- 23.14%
- 1Y
- 105.46%
- 3Y*
- 24.23%
- 5Y*
- -1.07%
- 10Y*
- -9.92%
DIVO
- 1D
- 0.47%
- 1M
- 0.36%
- 6M
- 5.18%
- YTD
- 7.50%
- 1Y
- 17.03%
- 3Y*
- 15.12%
- 5Y*
- 10.82%
- 10Y*
- —
MD vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MD MEDNAX, Inc. | 23.14% | 63.03% | 41.08% | -37.42% | -45.39% | 10.88% | -11.69% | -15.79% | -38.25% | -19.83% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 7.50% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Correlation
The correlation between MD and DIVO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.37 |
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Return for Risk
MD vs. DIVO — Risk / Return Rank
MD
DIVO
MD vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MEDNAX, Inc. (MD) 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.
| MD | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 2.88 | +1.61 |
| Martin ratioReturn relative to average drawdown | 10.75 | 10.14 | +0.61 |
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Drawdowns
MD vs. DIVO - Drawdown Comparison
The maximum MD drawdown since its inception was -92.08%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for MD and DIVO.
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Drawdown Indicators
| MD | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.08% | -30.04% | -62.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.65% | -5.95% | -17.70% |
Max Drawdown (3Y)Largest decline over 3 years | -54.69% | -12.12% | -42.57% |
Max Drawdown (5Y)Largest decline over 5 years | -80.74% | -13.72% | -67.02% |
Max Drawdown (10Y)Largest decline over 10 years | -91.08% | — | — |
Current DrawdownCurrent decline from peak | -69.18% | 0.00% | -69.18% |
Average DrawdownAverage peak-to-trough decline | -38.85% | -2.59% | -36.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 1.68% | +8.17% |
Volatility
MD vs. DIVO - Volatility Comparison
MEDNAX, Inc. (MD) has a higher volatility of 13.40% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.42%. This indicates that MD'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.
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Volatility by Period
| MD | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 2.42% | +10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 28.58% | 7.05% | +21.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.77% | 9.15% | +35.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.46% | 11.93% | +32.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.12% | 14.79% | +31.33% |
Dividends
MD vs. DIVO - Dividend Comparison
MD has not paid dividends to shareholders, while DIVO's dividend yield for the trailing twelve months is around 6.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.36% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% |
MD MEDNAX, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MD and DIVO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MD has higher volatility (13.40%) compared to DIVO (2.42%). In terms of maximum drawdown, MD dropped -92.08% vs DIVO's -30.04%.
MD currently has the higher Sharpe Ratio (2.37 vs 1.87), 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.
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