SDTY vs. DIVO

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and Amplify CWP Enhanced Dividend Income ETF (DIVO).

SDTY and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDTY is an actively managed fund by YieldMax. It was launched on Feb 5, 2025. DIVO is an actively managed fund by Amplify. It was launched on Dec 13, 2016.

Performance

SDTY vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

SDTY vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	-3.25%	9.83%
DIVO Amplify CWP Enhanced Dividend Income ETF	2.19%	11.32%

Returns By Period

In the year-to-date period, SDTY achieves a -3.25% return, which is significantly lower than DIVO's 2.19% return.

SDTY

• 1D: 0.92%
• 1M: -3.53%
• YTD: -3.25%
• 6M: 0.32%
• 1Y: 14.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVO

• 1D: 0.18%
• 1M: -3.44%
• YTD: 2.19%
• 6M: 5.30%
• 1Y: 17.84%
• 3Y*: 14.21%
• 5Y*: 11.02%
• 10Y*: —

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

SDTY vs. DIVO - Expense Ratio Comparison

SDTY has a 1.01% expense ratio, which is higher than DIVO's 0.56% expense ratio.

SDTY

YieldMax S&P 500 0DTE Covered Call Strategy ETF

DIVO

Amplify CWP Enhanced Dividend Income ETF

Return for Risk

SDTY vs. DIVO — Risk / Return Rank

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

SDTY

SDTY Risk / Return Rank: 44
SDTY Sharpe Ratio Rank: 40
SDTY Sortino Ratio Rank: 38
SDTY Omega Ratio Rank: 49
SDTY Calmar Ratio Rank: 45
SDTY Martin Ratio Rank: 47

DIVO

DIVO Risk / Return Rank: 76
DIVO Sharpe Ratio Rank: 74
DIVO Sortino Ratio Rank: 76
DIVO Omega Ratio Rank: 77
DIVO Calmar Ratio Rank: 72
DIVO Martin Ratio Rank: 80

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.

SDTY vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) 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.

	SDTY	DIVO	Difference
Sharpe ratio Return per unit of total volatility	0.80	1.36	-0.57
Sortino ratio Return per unit of downside risk	1.16	1.99	-0.83
Omega ratio Gain probability vs. loss probability	1.20	1.30	-0.10
Calmar ratio Return relative to maximum drawdown	1.23	1.92	-0.69
Martin ratio Return relative to average drawdown	4.80	9.07	-4.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDTY vs. DIVO - Sharpe Ratio Comparison

The current SDTY Sharpe Ratio is 0.80, which is lower than the DIVO Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of SDTY and DIVO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SDTY	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.36	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.83	-0.52

Correlation

The correlation between SDTY and DIVO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SDTY vs. DIVO - Dividend Comparison

SDTY's dividend yield for the trailing twelve months is around 28.72%, more than DIVO's 6.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	28.72%	22.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.48%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Drawdowns

SDTY vs. DIVO - Drawdown Comparison

The maximum SDTY drawdown since its inception was -18.63%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for SDTY and DIVO.

Drawdown Indicators

	SDTY	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-18.63%	-30.04%	+11.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-9.21%	-2.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.72%	—
Current Drawdown Current decline from peak	-5.42%	-3.96%	-1.46%
Average Drawdown Average peak-to-trough decline	-3.34%	-2.62%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	1.95%	+1.12%

Volatility

SDTY vs. DIVO - Volatility Comparison

YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) has a higher volatility of 4.82% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 3.58%. This indicates that SDTY'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.

Volatility by Period

	SDTY	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	3.58%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	7.01%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	13.13%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	11.93%	+5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	14.93%	+2.57%