PY vs. DIVO
Compare and contrast key facts about Principal Value ETF (PY) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
PY and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PY is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Shareholder Yield Index. It was launched on Mar 21, 2016. 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: PY or DIVO.
Key characteristics
| PY | DIVO | |
|---|---|---|
| YTD Return | 20.10% | 18.65% |
| 1Y Return | 30.27% | 24.09% |
| 3Y Return (Ann) | 7.91% | 8.99% |
| 5Y Return (Ann) | 12.66% | 11.99% |
| Sharpe Ratio | 2.67 | 2.76 |
| Sortino Ratio | 3.72 | 4.01 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 4.62 | 4.43 |
| Martin Ratio | 16.07 | 17.84 |
| Ulcer Index | 1.94% | 1.36% |
| Daily Std Dev | 11.68% | 8.76% |
| Max Drawdown | -45.44% | -30.04% |
| Current Drawdown | -0.62% | -0.83% |
Correlation
The correlation between PY 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
PY vs. DIVO - Performance Comparison
In the year-to-date period, PY achieves a 20.10% return, which is significantly higher than DIVO's 18.65% 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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PY vs. DIVO - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
PY vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) 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
PY vs. DIVO - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 2.14%, less than DIVO's 4.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | 2.14% | 2.68% | 3.02% | 2.83% | 2.95% | 2.29% | 2.35% | 1.69% | 1.95% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.45% | 4.67% | 4.76% | 4.79% | 4.92% | 8.16% | 5.27% | 3.83% | 0.00% |
Drawdowns
PY vs. DIVO - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for PY and DIVO. For additional features, visit the drawdowns tool.
Volatility
PY vs. DIVO - Volatility Comparison
Principal Value ETF (PY) has a higher volatility of 4.11% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 3.30%. This indicates that PY'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.