PSP vs. DIVO
Compare and contrast key facts about Invesco Global Listed Private Equity ETF (PSP) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
PSP and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSP or DIVO.
Key characteristics
| PSP | DIVO | |
|---|---|---|
| YTD Return | 3.66% | 5.90% |
| 1Y Return | 34.86% | 13.68% |
| 3Y Return (Ann) | -1.15% | 7.46% |
| 5Y Return (Ann) | 6.89% | 11.28% |
| Sharpe Ratio | 1.81 | 1.55 |
| Daily Std Dev | 17.63% | 8.22% |
| Max Drawdown | -85.40% | -30.04% |
| Current Drawdown | -14.05% | -1.64% |
Correlation
The correlation between PSP and DIVO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PSP vs. DIVO - Performance Comparison
In the year-to-date period, PSP achieves a 3.66% return, which is significantly lower than DIVO's 5.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSP vs. DIVO - Expense Ratio Comparison
PSP has a 1.44% expense ratio, which is higher than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
PSP vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.
Dividends
PSP vs. DIVO - Dividend Comparison
PSP's dividend yield for the trailing twelve months is around 4.69%, more than DIVO's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | 4.69% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% | 4.94% | 13.48% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.59% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSP vs. DIVO - Drawdown Comparison
The maximum PSP drawdown since its inception was -85.40%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for PSP and DIVO. For additional features, visit the drawdowns tool.
Volatility
PSP vs. DIVO - Volatility Comparison
Invesco Global Listed Private Equity ETF (PSP) has a higher volatility of 5.15% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.55%. This indicates that PSP's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.