WTPI vs. DIVO
WTPI (WisdomTree Equity Premium Income Fund) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both Derivative Income funds. WTPI is passively managed, while DIVO is actively managed. Over the past 5 years, WTPI returned 9.62%/yr vs 11.01%/yr for DIVO. A 0.65 correlation means they provide meaningful diversification when combined. WTPI charges 0.44%/yr vs 0.56%/yr for DIVO.
Performance
WTPI vs. DIVO - Performance Comparison
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Returns By Period
In the year-to-date period, WTPI achieves a 4.36% return, which is significantly lower than DIVO's 5.44% return.
WTPI
- 1D
- -0.18%
- 1M
- 0.45%
- YTD
- 4.36%
- 6M
- 3.64%
- 1Y
- 18.38%
- 3Y*
- 13.18%
- 5Y*
- 9.62%
- 10Y*
- 8.33%
DIVO
- 1D
- 0.26%
- 1M
- 0.01%
- YTD
- 5.44%
- 6M
- 4.30%
- 1Y
- 18.55%
- 3Y*
- 15.16%
- 5Y*
- 11.01%
- 10Y*
- —
WTPI vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 4.36% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 5.44% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Correlation
The correlation between WTPI 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 | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.65 |
The correlation between WTPI and DIVO has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
WTPI vs. DIVO — Risk / Return Rank
WTPI
DIVO
WTPI vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.13 | -0.55 |
| Martin ratioReturn relative to average drawdown | 12.19 | 11.22 | +0.97 |
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Drawdowns
WTPI vs. DIVO - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for WTPI and DIVO.
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Drawdown Indicators
| WTPI | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -30.04% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -5.95% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -12.12% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -13.72% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.56% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -2.60% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.66% | -0.15% |
Volatility
WTPI vs. DIVO - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 3.19% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.95%. This indicates that WTPI'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
| WTPI | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.95% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.14% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 9.22% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 11.95% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 14.83% | -1.57% |
WTPI vs. DIVO - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than DIVO's 0.56% expense ratio.
Dividends
WTPI vs. DIVO - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.05%, more than DIVO's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.42% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% |
WTPI WisdomTree Equity Premium Income Fund | 12.05% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
WTPI 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.
WTPI has higher volatility (3.19%) compared to DIVO (2.95%). In terms of maximum drawdown, WTPI dropped -28.40% vs DIVO's -30.04%.
On 5-year performance, DIVO leads with 11.01% vs 9.62% for WTPI. On fees, WTPI is cheaper at 0.44% per year. On volatility, DIVO has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVO has performed better with a 11.01% return vs 9.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTPI is cheaper with a 0.44% expense ratio, compared with 0.56% for DIVO.
WTPI has the higher dividend yield at 12.05%, compared with 6.42% for DIVO.
They also come from different issuers: WisdomTree and Amplify. Their fees differ too: 0.44% for WTPI and 0.56% for DIVO.
DIVO currently has the higher Sharpe Ratio (2.02 vs 2.00), 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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