^SPLRCT vs. QDVO

Last updated Jun 4, 2026

^SPLRCT (S&P 500 Information Technology Index) is an index, while QDVO (Amplify CWP Growth & Income ETF) is Derivative Income fund actively managed by Amplify. Over the past year, ^SPLRCT returned 56.77% vs 27.43% for QDVO. Their correlation of 0.87 suggests significant overlap in exposure.

Performance

^SPLRCT vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Information Technology Index (^SPLRCT) and Amplify CWP Growth & Income ETF (QDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^SPLRCT achieves a 27.76% return, which is significantly higher than QDVO's 9.80% return.

^SPLRCT

• 1D: 0.92%
• 1M: 18.40%
• YTD: 27.76%
• 6M: 26.78%
• 1Y: 56.77%
• 3Y*: 35.03%
• 5Y*: 24.69%
• 10Y*: 25.87%

QDVO

• 1D: -0.55%
• 1M: 4.45%
• YTD: 9.80%
• 6M: 9.65%
• 1Y: 27.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

^SPLRCT vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
^SPLRCT S&P 500 Information Technology Index	27.76%	23.31%	7.40%
QDVO Amplify CWP Growth & Income ETF	9.80%	20.16%	11.80%

Correlation

The correlation between ^SPLRCT and QDVO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.87

The correlation between ^SPLRCT and QDVO has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

^SPLRCT vs. QDVO — Risk / Return Rank

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

^SPLRCT

^SPLRCT Risk / Return Rank: 83
^SPLRCT Sharpe Ratio Rank: 92
^SPLRCT Sortino Ratio Rank: 90
^SPLRCT Omega Ratio Rank: 89
^SPLRCT Calmar Ratio Rank: 79
^SPLRCT Martin Ratio Rank: 65

QDVO

QDVO Risk / Return Rank: 62
QDVO Sharpe Ratio Rank: 66
QDVO Sortino Ratio Rank: 65
QDVO Omega Ratio Rank: 64
QDVO Calmar Ratio Rank: 53
QDVO Martin Ratio Rank: 60

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.

^SPLRCT vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Information Technology Index (^SPLRCT) and Amplify CWP Growth & Income ETF (QDVO). 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.

	^SPLRCT	QDVO	Difference
Sharpe ratio Return per unit of total volatility	2.97	2.26	+0.71
Sortino ratio Return per unit of downside risk	3.69	3.10	+0.59
Omega ratio Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio Return relative to maximum drawdown	3.23	2.70	+0.53
Martin ratio Return relative to average drawdown	9.79	10.98	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SPLRCT vs. QDVO - Sharpe Ratio Comparison

The current ^SPLRCT Sharpe Ratio is 2.97, which is higher than the QDVO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of ^SPLRCT and QDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^SPLRCT	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	2.26	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.41	-0.91

Drawdowns

^SPLRCT vs. QDVO - Drawdown Comparison

The maximum ^SPLRCT drawdown since its inception was -82.51%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for ^SPLRCT and QDVO.

Drawdown Indicators

	^SPLRCT	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-82.51%	-17.75%	-64.76%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-10.21%	-8.20%
Max Drawdown (3Y) Largest decline over 3 years	-26.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.27%	—	—
Current Drawdown Current decline from peak	0.00%	-0.94%	+0.94%
Average Drawdown Average peak-to-trough decline	-29.38%	-2.37%	-27.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	2.51%	+3.54%

Volatility

^SPLRCT vs. QDVO - Volatility Comparison

S&P 500 Information Technology Index (^SPLRCT) has a higher volatility of 5.81% compared to Amplify CWP Growth & Income ETF (QDVO) at 2.89%. This indicates that ^SPLRCT's price experiences larger fluctuations and is considered to be riskier than QDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SPLRCT	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	2.89%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	8.87%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	12.22%	+7.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.24%	17.44%	+7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.85%	17.44%	+7.41%

Frequently Asked Questions

Can I hold both ^SPLRCT and QDVO in my portfolio?

^SPLRCT and QDVO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^SPLRCT or QDVO?

^SPLRCT has higher volatility (5.81%) compared to QDVO (2.89%). In terms of maximum drawdown, ^SPLRCT dropped -82.51% vs QDVO's -17.75%.

Which has better risk-adjusted returns?

^SPLRCT currently has the higher Sharpe Ratio (2.97 vs 2.26), 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.