MMA.AX vs. IDVO
MMA.AX (Maronan Metals Limited) is a stock, while IDVO (Amplify CWP International Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 3 years, MMA.AX returned 19.75%/yr vs 19.32%/yr for IDVO. At a correlation of -0.04, they often move in opposite directions.
Performance
MMA.AX vs. IDVO - Performance Comparison
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Different Trading Currencies
MMA.AX is traded in AUD, while IDVO is traded in USD. To make them comparable, the IDVO values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MMA.AX achieves a -5.95% return, which is significantly lower than IDVO's 6.90% return.
MMA.AX
- 1D
- 0.00%
- 1M
- -22.55%
- 6M
- -35.25%
- YTD
- -5.95%
- 1Y
- 68.09%
- 3Y*
- 19.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.72%
IDVO
- 1D
- -0.70%
- 1M
- -0.82%
- 6M
- -0.75%
- YTD
- 6.90%
- 1Y
- 20.93%
- 3Y*
- 19.32%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.15%
MMA.AX vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MMA.AX Maronan Metals Limited | -5.95% | 100.00% | -20.75% | -5.36% | -6.67% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 6.90% | 26.55% | 21.24% | 17.62% | 5.36% |
Correlation
The correlation between MMA.AX and IDVO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.04 |
The correlation between MMA.AX and IDVO shifts across timeframes, from -0.04 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MMA.AX vs. IDVO — Risk / Return Rank
MMA.AX
IDVO
MMA.AX vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Maronan Metals Limited (MMA.AX) 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.
| MMA.AX | IDVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.24 | -1.02 |
| Martin ratioReturn relative to average drawdown | 2.17 | 8.89 | -6.72 |
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Drawdowns
MMA.AX vs. IDVO - Drawdown Comparison
The maximum MMA.AX drawdown since its inception was -55.64%, which is greater than IDVO's maximum drawdown of -10.08%. Use the drawdown chart below to compare losses from any high point for MMA.AX and IDVO.
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Drawdown Indicators
| MMA.AX | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.64% | -10.08% | -45.56% |
Max Drawdown (1Y)Largest decline over 1 year | -55.64% | -9.39% | -46.25% |
Max Drawdown (3Y)Largest decline over 3 years | -55.64% | -10.08% | -45.56% |
Current DrawdownCurrent decline from peak | -40.60% | -2.26% | -38.34% |
Average DrawdownAverage peak-to-trough decline | -33.82% | -1.53% | -32.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.66% | 2.36% | +29.30% |
Volatility
MMA.AX vs. IDVO - Volatility Comparison
Maronan Metals Limited (MMA.AX) has a higher volatility of 21.09% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 2.33%. This indicates that MMA.AX'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.
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Volatility by Period
| MMA.AX | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.09% | 2.33% | +18.76% |
Volatility (6M)Calculated over the trailing 6-month period | 66.07% | 10.02% | +56.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.85% | 12.20% | +78.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.01% | 12.30% | +63.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.01% | 12.30% | +63.71% |
Dividends
MMA.AX vs. IDVO - Dividend Comparison
MMA.AX has not paid dividends to shareholders, while IDVO's dividend yield for the trailing twelve months is around 5.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.69% | 5.42% | 6.14% | 5.72% | 1.96% |
MMA.AX Maronan Metals Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MMA.AX and IDVO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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