OILY.TO vs. IDVO

Last updated Jul 21, 2026

OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index, while IDVO is a Derivative Income fund actively managed by Amplify. OILY.TO is passively managed, while IDVO is actively managed. Over the past year, OILY.TO returned 47.35% vs 32.85% for IDVO. At a correlation of -0.00, they often move in opposite directions. OILY.TO charges 0.60%/yr vs 0.65%/yr for IDVO.

Performance

OILY.TO vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

OILY.TO is traded in CAD, while IDVO is traded in USD. To make them comparable, the IDVO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, OILY.TO achieves a 33.44% return, which is significantly higher than IDVO's 14.87% return.

OILY.TO

• 1D: 0.44%
• 1M: 7.27%
• 6M: 27.53%
• YTD: 33.44%
• 1Y: 47.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.35%

IDVO

• 1D: -0.51%
• 1M: -1.56%
• 6M: 5.00%
• YTD: 14.87%
• 1Y: 32.85%
• 3Y*: 23.45%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.40%

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

OILY.TO vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	33.44%	3.96%
IDVO Amplify CWP International Enhanced Dividend Income ETF	14.87%	19.10%

Correlation

The correlation between OILY.TO and IDVO is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	-0.00

Return for Risk

OILY.TO vs. IDVO — Risk / Return Rank

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

OILY.TO

OILY.TO Risk / Return Rank: 82
OILY.TO Sharpe Ratio Rank: 89
OILY.TO Sortino Ratio Rank: 84
OILY.TO Omega Ratio Rank: 83
OILY.TO Calmar Ratio Rank: 79
OILY.TO Martin Ratio Rank: 76

IDVO

IDVO Risk / Return Rank: 76
IDVO Sharpe Ratio Rank: 78
IDVO Sortino Ratio Rank: 74
IDVO Omega Ratio Rank: 76
IDVO Calmar Ratio Rank: 77
IDVO Martin Ratio Rank: 78

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.

OILY.TO vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) 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.

	OILY.TO	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.97	+0.28
Sortino ratio: Return per unit of downside risk	2.88	2.68	+0.20
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	3.06	3.25	-0.20
Martin ratio: Return relative to average drawdown	10.32	12.56	-2.25

OILY.TO vs. IDVO - Sharpe Ratio Comparison

The current OILY.TO Sharpe Ratio is 2.25, which is comparable to the IDVO Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of OILY.TO 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

OILY.TO vs. IDVO - Drawdown Comparison

The maximum OILY.TO drawdown since its inception was -22.70%, which is greater than IDVO's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for OILY.TO and IDVO.

Drawdown Indicators

	OILY.TO	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-15.97%	-6.73%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	-10.14%	-5.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.97%	—
Current Drawdown Current decline from peak	-4.60%	-2.51%	-2.09%
Average Drawdown Average peak-to-trough decline	-4.86%	-1.86%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	2.62%	+1.98%

Volatility

OILY.TO vs. IDVO - Volatility Comparison

Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) has a higher volatility of 8.78% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 3.77%. This indicates that OILY.TO'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

	OILY.TO	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.78%	3.77%	+5.01%
Volatility (6M) Calculated over the trailing 6-month period	17.32%	14.23%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	16.79%	+4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.42%	17.32%	+8.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	17.32%	+8.10%

OILY.TO vs. IDVO - Expense Ratio Comparison

OILY.TO has a 0.60% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

OILY.TO vs. IDVO - Dividend Comparison

OILY.TO's dividend yield for the trailing twelve months is around 13.31%, more than IDVO's 5.69% yield.

Position	TTM	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.69%	5.42%	6.14%	5.72%	1.96%
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	13.31%	11.50%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILY.TO and IDVO in my portfolio?

OILY.TO and IDVO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILY.TO or IDVO?

On fees, OILY.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILY.TO or IDVO?

OILY.TO is cheaper with a 0.60% expense ratio, compared with 0.65% for IDVO.

What is the main difference between OILY.TO and IDVO?

OILY.TO is categorized as Energy Equities, while IDVO is Derivative Income. They also come from different issuers: Evolve and Amplify. Their fees differ too: 0.60% for OILY.TO and 0.65% for IDVO.