VEGA vs. DIVO
Compare and contrast key facts about AdvisorShares STAR Global Buy-Write ETF (VEGA) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
VEGA and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGA is an actively managed fund by AdvisorShares. It was launched on Sep 17, 2012. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEGA or DIVO.
Key characteristics
| VEGA | DIVO | |
|---|---|---|
| YTD Return | 2.24% | 4.65% |
| 1Y Return | 11.35% | 9.17% |
| 3Y Return (Ann) | 2.15% | 7.31% |
| 5Y Return (Ann) | 5.71% | 11.22% |
| Sharpe Ratio | 1.15 | 1.14 |
| Daily Std Dev | 9.34% | 8.27% |
| Max Drawdown | -28.39% | -30.04% |
| Current Drawdown | -3.16% | -2.80% |
Correlation
The correlation between VEGA and DIVO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VEGA vs. DIVO - Performance Comparison
In the year-to-date period, VEGA achieves a 2.24% return, which is significantly lower than DIVO's 4.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VEGA vs. DIVO - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
VEGA vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) 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.
Dividends
VEGA vs. DIVO - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.10%, less than DIVO's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.10% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.64% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% | 0.00% |
Drawdowns
VEGA vs. DIVO - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.39%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for VEGA and DIVO. For additional features, visit the drawdowns tool.
Volatility
VEGA vs. DIVO - Volatility Comparison
AdvisorShares STAR Global Buy-Write ETF (VEGA) has a higher volatility of 3.25% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.32%. This indicates that VEGA'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.