TBF vs. DIVO
Compare and contrast key facts about ProShares Short 20+ Year Treasury (TBF) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
TBF and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBF is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-100%). It was launched on Aug 20, 2009. DIVO is an actively managed fund by Amplify. It was launched on Dec 13, 2016.
Performance
TBF vs. DIVO - Performance Comparison
Loading graphics...
TBF vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBF ProShares Short 20+ Year Treasury | 1.01% | 1.27% | 16.33% | 2.43% | 42.37% | 1.33% | -19.35% | -10.96% | 3.26% | -8.46% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 2.19% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Returns By Period
In the year-to-date period, TBF achieves a 1.01% return, which is significantly lower than DIVO's 2.19% return.
TBF
- 1D
- 0.17%
- 1M
- 3.85%
- YTD
- 1.01%
- 6M
- 3.77%
- 1Y
- 6.81%
- 3Y*
- 9.02%
- 5Y*
- 9.20%
- 10Y*
- 2.36%
DIVO
- 1D
- 0.18%
- 1M
- -3.44%
- YTD
- 2.19%
- 6M
- 5.30%
- 1Y
- 17.84%
- 3Y*
- 14.21%
- 5Y*
- 11.02%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TBF vs. DIVO - Expense Ratio Comparison
TBF has a 0.94% expense ratio, which is higher than DIVO's 0.56% expense ratio.
Return for Risk
TBF vs. DIVO — Risk / Return Rank
TBF
DIVO
TBF vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 20+ Year Treasury (TBF) 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.
| TBF | DIVO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.36 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.00 | 1.99 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.92 | -1.20 |
Martin ratioReturn relative to average drawdown | 1.45 | 9.07 | -7.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TBF | DIVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.36 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.93 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.83 | -1.05 |
Correlation
The correlation between TBF and DIVO is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TBF vs. DIVO - Dividend Comparison
TBF's dividend yield for the trailing twelve months is around 2.88%, less than DIVO's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBF ProShares Short 20+ Year Treasury | 2.88% | 3.39% | 4.06% | 4.99% | 0.36% | 0.00% | 0.22% | 1.68% | 0.88% | 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
TBF vs. DIVO - Drawdown Comparison
The maximum TBF drawdown since its inception was -70.40%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for TBF and DIVO.
Loading graphics...
Drawdown Indicators
| TBF | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.40% | -30.04% | -40.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -9.21% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -13.72% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.39% | — | — |
Current DrawdownCurrent decline from peak | -44.16% | -3.96% | -40.20% |
Average DrawdownAverage peak-to-trough decline | -47.47% | -2.62% | -44.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 1.95% | +2.09% |
Volatility
TBF vs. DIVO - Volatility Comparison
ProShares Short 20+ Year Treasury (TBF) and Amplify CWP Enhanced Dividend Income ETF (DIVO) have volatilities of 3.61% and 3.58%, 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.
Loading graphics...
Volatility by Period
| TBF | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 3.58% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 7.01% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 13.13% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 11.93% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.54% | 14.93% | -0.39% |