USA vs. DIVO
USA (Liberty All-Star Equity Fund) is a stock, while DIVO (Amplify CWP Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 5 years, USA returned 1.42%/yr vs 10.91%/yr for DIVO. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
USA vs. DIVO - Performance Comparison
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Returns By Period
In the year-to-date period, USA achieves a -3.46% return, which is significantly lower than DIVO's 6.43% return.
USA
- 1D
- -0.52%
- 1M
- 0.17%
- YTD
- -3.46%
- 6M
- -1.58%
- 1Y
- -4.32%
- 3Y*
- 7.82%
- 5Y*
- 1.42%
- 10Y*
- 12.13%
DIVO
- 1D
- 0.72%
- 1M
- 2.73%
- YTD
- 6.43%
- 6M
- 5.62%
- 1Y
- 19.84%
- 3Y*
- 15.47%
- 5Y*
- 10.91%
- 10Y*
- —
USA vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | -3.46% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.43% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Correlation
The correlation between USA and DIVO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.65 |
The correlation between USA and DIVO has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
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Return for Risk
USA vs. DIVO — Risk / Return Rank
USA
DIVO
USA vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) 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.
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.
| USA | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.35 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.12 | -3.44 |
| Martin ratioReturn relative to average drawdown | -0.76 | 11.23 | -11.99 |
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Drawdowns
USA vs. DIVO - Drawdown Comparison
The maximum USA drawdown since its inception was -69.15%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for USA and DIVO.
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Drawdown Indicators
| USA | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.15% | -30.04% | -39.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -5.95% | -9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -12.12% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -13.72% | -20.33% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | — | — |
Current DrawdownCurrent decline from peak | -8.65% | -0.19% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -2.61% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 1.65% | +4.78% |
Volatility
USA vs. DIVO - Volatility Comparison
Liberty All-Star Equity Fund (USA) has a higher volatility of 3.16% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.71%. This indicates that USA'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.
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Volatility by Period
| USA | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.71% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 7.13% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 9.20% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 11.97% | +8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 14.83% | +7.73% |
Dividends
USA vs. DIVO - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 11.85%, more than DIVO's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.36% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
USA Liberty All-Star Equity Fund | 11.85% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
USA and DIVO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (3.16%) compared to DIVO (2.71%). In terms of maximum drawdown, USA dropped -69.15% vs DIVO's -30.04%.
DIVO currently has the higher Sharpe Ratio (2.02 vs -0.36), 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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