IDVO vs SPY
Amplify International Enhanced Dividend Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IDVO delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IDVO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $1.3B | $789.1B | |
| Dividend Yield | 6.17% | 1.01% | |
| Holdings | 75 | 505 | |
| YTD Return | +13.71% | +14.47% | |
| 1Y Return | +29.34% | +21.96% | |
| 3Y Return (annualized) | +23.13% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 13.1% | 15.3% | |
| Max Drawdown | -15.5% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 8, 2022 | Jan 22, 1993 |
IDVO vs SPY Performance
Amplify International Enhanced Dividend Income ETF (IDVO) is a ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IDVO returned +29.34% while SPY returned +21.96%. Year to date, IDVO is up 13.71% versus a gain of 14.47% for SPY.
Over three years, IDVO compounded at +23.13% per year against +21.70% for SPY. Across the full 4-year window we track, IDVO has the edge at +21.63% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.1% for IDVO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.5% for IDVO and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IDVO charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, IDVO currently yields 6.17% against 1.01% for SPY.
Holdings Overlap
IDVO and SPY share 0 holdings out of 559 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IDVO or SPY?
IDVO has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IDVO or SPY?
Over the past year IDVO returned +29.34% vs +21.96% for SPY, so IDVO leads on 1-year performance. Over the longest common window we track (4 years), IDVO annualized +21.63% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, IDVO or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.1% for IDVO. Worst drawdown: IDVO -15.5% vs SPY -56.5%.
Should I hold both IDVO and SPY?
IDVO and SPY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IDVO and SPY?
IDVO and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, IDVO or SPY?
IDVO yields 6.17% while SPY yields 1.01%, so IDVO currently pays the higher dividend yield.
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