OPPJ vs. IDVO
OPPJ (WisdomTree Japan Opportunities ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while IDVO is a Derivative Income fund actively managed by Amplify. OPPJ is passively managed, while IDVO is actively managed. Over the past 3 years, OPPJ returned 34.91%/yr vs 23.82%/yr for IDVO. At a 0.46 correlation, their price movements are largely independent. OPPJ charges 0.58%/yr vs 0.65%/yr for IDVO.
Performance
OPPJ vs. IDVO - Performance Comparison
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Returns By Period
In the year-to-date period, OPPJ achieves a 26.16% return, which is significantly higher than IDVO's 14.12% return.
OPPJ
- 1D
- -0.02%
- 1M
- 2.99%
- YTD
- 26.16%
- 6M
- 32.96%
- 1Y
- 64.97%
- 3Y*
- 34.91%
- 5Y*
- 25.18%
- 10Y*
- 17.36%
IDVO
- 1D
- -1.25%
- 1M
- 2.08%
- YTD
- 14.12%
- 6M
- 14.66%
- 1Y
- 35.28%
- 3Y*
- 23.82%
- 5Y*
- —
- 10Y*
- —
OPPJ vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 26.16% | 37.08% | 20.70% | 38.96% | 0.39% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 14.12% | 36.46% | 10.16% | 17.53% | 5.47% |
Correlation
The correlation between OPPJ and IDVO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.46 |
The correlation between OPPJ and IDVO has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
OPPJ vs. IDVO — Risk / Return Rank
OPPJ
IDVO
OPPJ vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) 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.
| OPPJ | IDVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.41 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 3.42 | +3.23 |
| Martin ratioReturn relative to average drawdown | 23.90 | 13.25 | +10.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPPJ | IDVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 2.27 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.38 | -0.62 |
Drawdowns
OPPJ vs. IDVO - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for OPPJ and IDVO.
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Drawdown Indicators
| OPPJ | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -15.46% | -23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -10.37% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -15.46% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -4.27% | -1.25% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -2.30% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.67% | +0.06% |
Volatility
OPPJ vs. IDVO - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) and Amplify CWP International Enhanced Dividend Income ETF (IDVO) have volatilities of 5.08% and 5.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.20% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 13.05% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 15.61% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 16.36% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 16.36% | +3.35% |
OPPJ vs. IDVO - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is lower than IDVO's 0.65% expense ratio.
Dividends
OPPJ vs. IDVO - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than IDVO's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.48% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
OPPJ and IDVO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDVO has higher volatility (5.20%) compared to OPPJ (5.08%). In terms of maximum drawdown, OPPJ dropped -39.30% vs IDVO's -15.46%.
On 3-year performance, OPPJ leads with 34.91% vs 23.82% for IDVO. On fees, OPPJ is cheaper at 0.58% per year. On volatility, OPPJ has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OPPJ has performed better with a 34.91% return vs 23.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.65% for IDVO.
IDVO has the higher dividend yield at 5.48%, compared with 1.50% for OPPJ.
OPPJ is categorized as Japan Equities, while IDVO is Derivative Income. They also come from different issuers: WisdomTree and Amplify. Their fees differ too: 0.58% for OPPJ and 0.65% for IDVO.
OPPJ currently has the higher Sharpe Ratio (3.33 vs 2.27), 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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