PAVE vs. IDVO

Last updated Jun 9, 2026

PAVE (Global X US Infrastructure Development ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - PAVE is a Industrials Equities fund tracking the INDXX U.S. Infrastructure Development Index, while IDVO is a Derivative Income fund actively managed by Amplify. PAVE is passively managed, while IDVO is actively managed. Over the past 3 years, PAVE returned 25.22%/yr vs 22.06%/yr for IDVO. A 0.68 correlation means they provide meaningful diversification when combined. PAVE charges 0.47%/yr vs 0.65%/yr for IDVO.

Performance

PAVE vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X US Infrastructure Development ETF (PAVE) 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, PAVE achieves a 18.25% return, which is significantly higher than IDVO's 11.49% return.

PAVE

• 1D: -0.30%
• 1M: -0.49%
• YTD: 18.25%
• 6M: 17.47%
• 1Y: 33.79%
• 3Y*: 25.22%
• 5Y*: 17.22%
• 10Y*: —

IDVO

• 1D: 0.24%
• 1M: -2.10%
• YTD: 11.49%
• 6M: 12.59%
• 1Y: 31.78%
• 3Y*: 22.06%
• 5Y*: —
• 10Y*: —

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

PAVE vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PAVE Global X US Infrastructure Development ETF	18.25%	19.36%	17.92%	31.01%	3.02%
IDVO Amplify CWP International Enhanced Dividend Income ETF	11.49%	36.46%	10.16%	17.53%	6.42%

Correlation

The correlation between PAVE and IDVO is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.68

The correlation between PAVE and IDVO has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.

PAVE vs. IDVO - Sectors Allocation Comparison

Sectors	PAVE	IDVO
Industrials	74.8%	9.8%
Basic Materials	20.3%	15.7%
Utilities	3.2%	6.4%
Technology	1.1%	8.7%
Consumer Defensive	0.3%	7.5%
Energy	0.2%	12.1%
Communication Services	-	9.1%
Consumer Cyclical	-	4.2%
Financial Services	-	18.3%
Healthcare	-	8.3%
Real Estate	-	-

Return for Risk

PAVE vs. IDVO — Risk / Return Rank

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

PAVE

PAVE Risk / Return Rank: 60
PAVE Sharpe Ratio Rank: 59
PAVE Sortino Ratio Rank: 62
PAVE Omega Ratio Rank: 54
PAVE Calmar Ratio Rank: 63
PAVE Martin Ratio Rank: 63

IDVO

IDVO Risk / Return Rank: 67
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 67
IDVO Calmar Ratio Rank: 68
IDVO Martin Ratio Rank: 70

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.

PAVE vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) 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.

	PAVE	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.00	-0.20
Sortino ratio: Return per unit of downside risk	2.58	2.67	-0.09
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.85	3.08	-0.23
Martin ratio: Return relative to average drawdown	10.42	11.84	-1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAVE vs. IDVO - Sharpe Ratio Comparison

The current PAVE Sharpe Ratio is 1.80, which is comparable to the IDVO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of PAVE 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.

Sharpe Ratios by Period

	PAVE	IDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	2.00	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.32	-0.65

Drawdowns

PAVE vs. IDVO - Drawdown Comparison

The maximum PAVE drawdown since its inception was -44.08%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for PAVE and IDVO.

Drawdown Indicators

	PAVE	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-44.08%	-15.46%	-28.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.91%	-10.37%	-1.54%
Max Drawdown (3Y) Largest decline over 3 years	-26.23%	-15.46%	-10.77%
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	—	—
Current Drawdown Current decline from peak	-3.15%	-3.52%	+0.37%
Average Drawdown Average peak-to-trough decline	-6.23%	-2.30%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.69%	+0.56%

Volatility

PAVE vs. IDVO - Volatility Comparison

Global X US Infrastructure Development ETF (PAVE) and Amplify CWP International Enhanced Dividend Income ETF (IDVO) have volatilities of 5.44% and 5.30%, 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.

Volatility by Period

	PAVE	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	5.30%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	15.24%	13.50%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	16.02%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	16.43%	+5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.38%	16.43%	+7.95%

PAVE vs. IDVO - Expense Ratio Comparison

PAVE has a 0.47% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

PAVE vs. IDVO - Dividend Comparison

PAVE's dividend yield for the trailing twelve months is around 0.78%, less than IDVO's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.61%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%
PAVE Global X US Infrastructure Development ETF	0.78%	0.92%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%

Frequently Asked Questions

Can I hold both PAVE and IDVO in my portfolio?

PAVE and IDVO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAVE or IDVO?

PAVE has higher volatility (5.44%) compared to IDVO (5.30%). In terms of maximum drawdown, PAVE dropped -44.08% vs IDVO's -15.46%.

Which ETF is better, PAVE or IDVO?

On 3-year performance, PAVE leads with 25.22% vs 22.06% for IDVO. On fees, PAVE is cheaper at 0.47% per year. On volatility, IDVO has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAVE or IDVO?

Over the 3-year period, PAVE has performed better with a 25.22% return vs 22.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAVE or IDVO?

PAVE is cheaper with a 0.47% expense ratio, compared with 0.65% for IDVO.

Which ETF pays a higher dividend yield, PAVE or IDVO?

IDVO has the higher dividend yield at 5.61%, compared with 0.78% for PAVE.

What is the main difference between PAVE and IDVO?

PAVE is categorized as Industrials Equities, while IDVO is Derivative Income. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.47% for PAVE and 0.65% for IDVO.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.00 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.