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 -5.04%/yr vs 10.57%/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 13.23% return, which is significantly higher than DIVO's 5.03% return.
MD
- 1D
- 1.51%
- 1M
- 13.92%
- YTD
- 13.23%
- 6M
- 11.20%
- 1Y
- 79.67%
- 3Y*
- 21.09%
- 5Y*
- -5.04%
- 10Y*
- -10.07%
DIVO
- 1D
- -0.35%
- 1M
- -0.38%
- YTD
- 5.03%
- 6M
- 3.45%
- 1Y
- 16.38%
- 3Y*
- 15.01%
- 5Y*
- 10.57%
- 10Y*
- —
MD vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MD MEDNAX, Inc. | 13.23% | 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 | 5.03% | 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 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
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 | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 2.77 | +0.62 |
| Martin ratioReturn relative to average drawdown | 7.77 | 9.86 | -2.09 |
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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 | -91.13% | — | — |
Current DrawdownCurrent decline from peak | -71.66% | -1.95% | -69.71% |
Average DrawdownAverage peak-to-trough decline | -38.79% | -2.60% | -36.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 1.67% | +8.62% |
Volatility
MD vs. DIVO - Volatility Comparison
MEDNAX, Inc. (MD) has a higher volatility of 7.05% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.90%. 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 | 7.05% | 2.90% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 26.28% | 7.14% | +19.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.61% | 9.17% | +34.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.18% | 11.95% | +32.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.99% | 14.82% | +31.17% |
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 6.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.45% | 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 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MD has higher volatility (7.05%) compared to DIVO (2.90%). In terms of maximum drawdown, MD dropped -92.08% vs DIVO's -30.04%.
MD currently has the higher Sharpe Ratio (1.84 vs 1.80), 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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