MPLX vs. IDVO

Last updated Jun 20, 2026

MPLX (MPLX LP) 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, MPLX returned 28.75%/yr vs 21.61%/yr for IDVO. At a 0.36 correlation, their price movements are largely independent.

Performance

MPLX vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MPLX LP (MPLX) 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, MPLX achieves a 10.71% return, which is significantly lower than IDVO's 13.34% return.

MPLX

• 1D: 1.66%
• 1M: 0.66%
• YTD: 10.71%
• 6M: 10.03%
• 1Y: 19.67%
• 3Y*: 28.75%
• 5Y*: 24.50%
• 10Y*: 15.31%

IDVO

• 1D: 0.17%
• 1M: 0.36%
• YTD: 13.34%
• 6M: 14.21%
• 1Y: 35.01%
• 3Y*: 21.61%
• 5Y*: —
• 10Y*: —

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

MPLX vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MPLX MPLX LP	10.71%	20.54%	41.72%	22.46%	3.44%
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.34%	36.46%	10.16%	17.53%	6.42%

Correlation

The correlation between MPLX and IDVO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.36

Over the past year, the correlation between MPLX and IDVO has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

MPLX vs. IDVO — Risk / Return Rank

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

MPLX

MPLX Risk / Return Rank: 76
MPLX Sharpe Ratio Rank: 78
MPLX Sortino Ratio Rank: 72
MPLX Omega Ratio Rank: 70
MPLX Calmar Ratio Rank: 80
MPLX Martin Ratio Rank: 79

IDVO

IDVO Risk / Return Rank: 68
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 68
IDVO Calmar Ratio Rank: 69
IDVO Martin Ratio Rank: 71

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.

MPLX vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) 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.

	MPLX	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.09	-0.84
Sortino ratio: Return per unit of downside risk	1.77	2.81	-1.04
Omega ratio: Gain probability vs. loss probability	1.21	1.38	-0.17
Calmar ratio: Return relative to maximum drawdown	2.55	3.28	-0.73
Martin ratio: Return relative to average drawdown	5.92	12.51	-6.59

MPLX vs. IDVO - Sharpe Ratio Comparison

The current MPLX Sharpe Ratio is 1.25, which is lower than the IDVO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of MPLX 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

MPLX vs. IDVO - Drawdown Comparison

The maximum MPLX drawdown since its inception was -85.72%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for MPLX and IDVO.

Drawdown Indicators

	MPLX	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-85.72%	-15.46%	-70.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-10.37%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	-15.46%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.21%	—	—
Current Drawdown Current decline from peak	-2.06%	-1.93%	-0.13%
Average Drawdown Average peak-to-trough decline	-29.91%	-2.30%	-27.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.72%	+0.60%

Volatility

MPLX vs. IDVO - Volatility Comparison

The current volatility for MPLX LP (MPLX) is 4.72%, while Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a volatility of 5.96%. This indicates that MPLX experiences smaller price fluctuations and is considered to be less risky than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPLX	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	5.96%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	13.89%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	16.30%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	16.48%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.63%	16.48%	+14.15%

Dividends

MPLX vs. IDVO - Dividend Comparison

MPLX's dividend yield for the trailing twelve months is around 7.36%, more than IDVO's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.52%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPLX MPLX LP	7.36%	7.39%	7.33%	8.65%	8.80%	11.30%	12.70%	10.41%	8.22%	6.23%	5.86%	4.33%

Frequently Asked Questions

Can I hold both MPLX and IDVO in my portfolio?

MPLX and IDVO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPLX or IDVO?

IDVO has higher volatility (5.96%) compared to MPLX (4.72%). In terms of maximum drawdown, MPLX dropped -85.72% vs IDVO's -15.46%.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.09 vs 1.25), 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.