TAC vs. IDVO
TAC (TransAlta Corp) is a stock, while IDVO (Amplify CWP International Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 3 years, TAC returned 12.38%/yr vs 21.20%/yr for IDVO. At a 0.41 correlation, their price movements are largely independent.
Performance
TAC vs. IDVO - Performance Comparison
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Returns By Period
In the year-to-date period, TAC achieves a 5.51% return, which is significantly lower than IDVO's 13.48% return.
TAC
- 1D
- -2.79%
- 1M
- -2.00%
- 6M
- 7.99%
- YTD
- 5.51%
- 1Y
- 12.38%
- 3Y*
- 12.38%
- 5Y*
- 8.11%
- 10Y*
- 12.63%
IDVO
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 5.53%
- YTD
- 13.48%
- 1Y
- 31.59%
- 3Y*
- 21.20%
- 5Y*
- —
- 10Y*
- —
TAC vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TAC TransAlta Corp | 5.51% | -9.24% | 73.96% | -5.50% | -1.95% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 13.48% | 36.46% | 10.16% | 17.53% | 6.42% |
Correlation
The correlation between TAC and IDVO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.41 |
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Return for Risk
TAC vs. IDVO — Risk / Return Rank
TAC
IDVO
TAC vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TransAlta Corp (TAC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAC | IDVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.35 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 3.06 | -2.68 |
| Martin ratioReturn relative to average drawdown | 0.60 | 11.29 | -10.69 |
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Drawdowns
TAC vs. IDVO - Drawdown Comparison
The maximum TAC drawdown since its inception was -88.12%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for TAC and IDVO.
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Drawdown Indicators
| TAC | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.12% | -15.46% | -72.66% |
Max Drawdown (1Y)Largest decline over 1 year | -33.10% | -10.37% | -22.73% |
Max Drawdown (3Y)Largest decline over 3 years | -43.26% | -15.46% | -27.80% |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.11% | — | — |
Current DrawdownCurrent decline from peak | -24.75% | -1.81% | -22.94% |
Average DrawdownAverage peak-to-trough decline | -40.50% | -2.30% | -38.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.66% | 2.80% | +17.86% |
Volatility
TAC vs. IDVO - Volatility Comparison
TransAlta Corp (TAC) has a higher volatility of 7.56% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 3.53%. This indicates that TAC's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAC | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 3.53% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 29.76% | 13.79% | +15.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.82% | 16.40% | +23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 16.41% | +18.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.50% | 16.41% | +19.09% |
Dividends
TAC vs. IDVO - Dividend Comparison
TAC's dividend yield for the trailing twelve months is around 1.45%, less than IDVO's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.63% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAC TransAlta Corp | 1.45% | 1.44% | 1.24% | 2.13% | 1.76% | 1.38% | 1.69% | 1.68% | 3.20% | 2.69% | 2.74% | 20.34% |
Frequently Asked Questions
TAC and IDVO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAC has higher volatility (7.56%) compared to IDVO (3.53%). In terms of maximum drawdown, TAC dropped -88.12% vs IDVO's -15.46%.
IDVO currently has the higher Sharpe Ratio (1.94 vs 0.31), 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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