WEEL vs. DIVO

Last updated Jun 24, 2026

WEEL (Peerless Option Income Wheel ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, WEEL returned 16.22% vs 17.37% for DIVO. A 0.62 correlation means they provide meaningful diversification when combined. WEEL charges 0.99%/yr vs 0.56%/yr for DIVO.

Performance

WEEL vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peerless Option Income Wheel ETF (WEEL) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEEL achieves a 4.37% return, which is significantly lower than DIVO's 5.40% return.

WEEL

• 1D: -0.05%
• 1M: -0.50%
• YTD: 4.37%
• 6M: 4.65%
• 1Y: 16.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVO

• 1D: -0.04%
• 1M: -0.03%
• YTD: 5.40%
• 6M: 4.24%
• 1Y: 17.37%
• 3Y*: 15.15%
• 5Y*: 10.94%
• 10Y*: —

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

WEEL vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEEL Peerless Option Income Wheel ETF	4.37%	17.73%	3.10%
DIVO Amplify CWP Enhanced Dividend Income ETF	5.40%	17.40%	6.72%

Correlation

The correlation between WEEL and DIVO is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since May 16, 2024	0.62

The correlation between WEEL and DIVO has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

WEEL vs. DIVO - Sectors Allocation Comparison

Sectors	WEEL	DIVO
Financial Services	23.3%	30.3%
Healthcare	17.2%	6.8%
Consumer Cyclical	12.6%	10.9%
Technology	11.6%	14.6%
Basic Materials	9.4%	4.3%
Utilities	8.5%	1.9%
Communication Services	5.5%	1.0%
Real Estate	4.5%	-
Energy	2.8%	7.0%
Industrials	2.6%	16.1%
Consumer Defensive	2.0%	7.4%

Return for Risk

WEEL vs. DIVO — Risk / Return Rank

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

WEEL

WEEL Risk / Return Rank: 74
WEEL Sharpe Ratio Rank: 65
WEEL Sortino Ratio Rank: 72
WEEL Omega Ratio Rank: 72
WEEL Calmar Ratio Rank: 74
WEEL Martin Ratio Rank: 85

DIVO

DIVO Risk / Return Rank: 60
DIVO Sharpe Ratio Rank: 59
DIVO Sortino Ratio Rank: 62
DIVO Omega Ratio Rank: 55
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 61

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.

WEEL vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) 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.

	WEEL	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.90	+0.08
Sortino ratio: Return per unit of downside risk	2.99	2.81	+0.18
Omega ratio: Gain probability vs. loss probability	1.39	1.33	+0.06
Calmar ratio: Return relative to maximum drawdown	3.54	2.93	+0.60
Martin ratio: Return relative to average drawdown	16.45	10.48	+5.96

WEEL vs. DIVO - Sharpe Ratio Comparison

The current WEEL Sharpe Ratio is 1.98, which is comparable to the DIVO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of WEEL and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEEL vs. DIVO - Drawdown Comparison

The maximum WEEL drawdown since its inception was -17.45%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for WEEL and DIVO.

Drawdown Indicators

	WEEL	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-30.04%	+12.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-5.95%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.72%	—
Current Drawdown Current decline from peak	-1.49%	-1.61%	+0.12%
Average Drawdown Average peak-to-trough decline	-1.44%	-2.60%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.66%	-0.67%

Volatility

WEEL vs. DIVO - Volatility Comparison

Peerless Option Income Wheel ETF (WEEL) and Amplify CWP Enhanced Dividend Income ETF (DIVO) have volatilities of 2.94% and 2.94%, 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.

Volatility by Period

	WEEL	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.94%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	6.39%	7.14%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	9.21%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	11.95%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.81%	14.82%	-2.01%

WEEL vs. DIVO - Expense Ratio Comparison

WEEL has a 0.99% expense ratio, which is higher than DIVO's 0.56% expense ratio.

Dividends

WEEL vs. DIVO - Dividend Comparison

WEEL's dividend yield for the trailing twelve months is around 12.56%, more than DIVO's 6.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.43%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
WEEL Peerless Option Income Wheel ETF	12.56%	12.72%	6.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEEL and DIVO in my portfolio?

WEEL and DIVO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEL or DIVO?

DIVO has higher volatility (2.94%) compared to WEEL (2.94%). In terms of maximum drawdown, WEEL dropped -17.45% vs DIVO's -30.04%.

Which ETF is better, WEEL or DIVO?

On 1-year performance, DIVO leads with 17.37% vs 16.22% for WEEL. On fees, DIVO is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEL or DIVO?

Over the 1-year period, DIVO has performed better with a 17.37% return vs 16.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEL or DIVO?

DIVO is cheaper with a 0.56% expense ratio, compared with 0.99% for WEEL.

Which ETF pays a higher dividend yield, WEEL or DIVO?

WEEL has the higher dividend yield at 12.56%, compared with 6.43% for DIVO.

What is the main difference between WEEL and DIVO?

They also come from different issuers: Peerless ETFs and Amplify. Their fees differ too: 0.99% for WEEL and 0.56% for DIVO.

Which has better risk-adjusted returns?

WEEL currently has the higher Sharpe Ratio (1.98 vs 1.90), 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.