TDAX vs. IDVO

Last updated Jun 25, 2026

TDAX (TDAQ Lift ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while IDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. TDAX charges 0.98%/yr vs 0.65%/yr for IDVO.

Performance

TDAX vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDAX

• 1D: -1.09%
• 1M: -4.01%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDVO

• 1D: -0.86%
• 1M: -1.94%
• YTD: 10.75%
• 6M: 9.93%
• 1Y: 29.13%
• 3Y*: 21.64%
• 5Y*: —
• 10Y*: —

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

TDAX vs. IDVO - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	12.52%
IDVO Amplify CWP International Enhanced Dividend Income ETF	6.50%

Correlation

The correlation between TDAX and IDVO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.69

Return for Risk

TDAX vs. IDVO — Risk / Return Rank

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

TDAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDVO

IDVO Risk / Return Rank: 61
IDVO Sharpe Ratio Rank: 59
IDVO Sortino Ratio Rank: 57
IDVO Omega Ratio Rank: 60
IDVO Calmar Ratio Rank: 63
IDVO Martin Ratio Rank: 65

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.

TDAX vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.

	TDAX	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.82	—
Martin ratio: Return relative to average drawdown	—	10.66	—

Drawdowns

TDAX vs. IDVO - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, roughly equal to the maximum IDVO drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for TDAX and IDVO.

Drawdown Indicators

	TDAX	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-15.46%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.46%	—
Current Drawdown Current decline from peak	-7.58%	-4.17%	-3.41%
Average Drawdown Average peak-to-trough decline	-3.78%	-2.30%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.74%	—

Volatility

Volatility by Period

	TDAX	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.95%	16.40%	+10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.95%	16.48%	+10.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.95%	16.48%	+10.47%

TDAX vs. IDVO - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than IDVO's 0.65% expense ratio.

Dividends

TDAX vs. IDVO - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 9.01%, more than IDVO's 5.65% yield.

Position	TTM	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.65%	5.42%	6.14%	5.72%	1.96%
TDAX TDAQ Lift ETF	9.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and IDVO in my portfolio?

TDAX and IDVO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDAX or IDVO?

On fees, IDVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAX or IDVO?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.98% for TDAX.

Which ETF pays a higher dividend yield, TDAX or IDVO?

TDAX has the higher dividend yield at 9.01%, compared with 5.65% for IDVO.

What is the main difference between TDAX and IDVO?

TDAX is categorized as Leveraged Equities, while IDVO is Derivative Income. They also come from different issuers: TappAlpha and Amplify. Their fees differ too: 0.98% for TDAX and 0.65% for IDVO.