DIVO vs. QDVO

Last updated Jul 29, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both Derivative Income funds from Amplify. Both are actively managed. Over the past year, DIVO returned 16.70% vs 13.15% for QDVO. Their 0.52 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.56% expense ratio.

Performance

DIVO vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) 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, DIVO achieves a 8.56% return, which is significantly higher than QDVO's 5.21% return.

DIVO

• 1D: 0.86%
• 1M: 3.65%
• 6M: 5.76%
• YTD: 8.56%
• 1Y: 16.70%
• 3Y*: 14.61%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 12.66%

QDVO

• 1D: -0.10%
• 1M: 0.23%
• 6M: 3.92%
• YTD: 5.21%
• 1Y: 13.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVO Amplify CWP Enhanced Dividend Income ETF	$35.76M	$34.78M	$38.04M
QDVO Amplify CWP Growth & Income ETF	$6.83M	$7.91M	$8.75M

DIVO vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVO Amplify CWP Enhanced Dividend Income ETF	8.56%	17.40%	3.43%
QDVO Amplify CWP Growth & Income ETF	5.21%	20.16%	9.76%

Correlation

The correlation between DIVO and QDVO is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.52

The correlation between DIVO and QDVO has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

DIVO vs. QDVO - Sectors Allocation Comparison

Sectors	DIVO	QDVO
Financial Services	23.2%	3.7%
Technology	17.4%	50.7%
Industrials	16.7%	3.3%
Consumer Cyclical	11.4%	12.4%
Consumer Defensive	8.2%	6.5%
Healthcare	8.2%	6.0%
Energy	7.2%	0.5%
Basic Materials	4.5%	2.2%
Utilities	2.2%	0.5%
Communication Services	1.0%	14.3%
Real Estate	-	-

Return for Risk

DIVO vs. QDVO — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 79
DIVO Sharpe Ratio Rank: 80
DIVO Sortino Ratio Rank: 84
DIVO Omega Ratio Rank: 77
DIVO Calmar Ratio Rank: 77
DIVO Martin Ratio Rank: 78

QDVO

QDVO Risk / Return Rank: 39
QDVO Sharpe Ratio Rank: 40
QDVO Sortino Ratio Rank: 40
QDVO Omega Ratio Rank: 38
QDVO Calmar Ratio Rank: 37
QDVO Martin Ratio Rank: 43

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.

DIVO vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) 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.

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.

	DIVO	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.01	+0.82
Sortino ratio: Return per unit of downside risk	2.73	1.48	+1.25
Omega ratio: Gain probability vs. loss probability	1.32	1.18	+0.14
Calmar ratio: Return relative to maximum drawdown	2.82	1.29	+1.53
Martin ratio: Return relative to average drawdown	9.98	4.67	+5.31

DIVO vs. QDVO - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.83, which is higher than the QDVO Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of DIVO 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.

Drawdowns

DIVO vs. QDVO - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for DIVO and QDVO.

Drawdown Indicators

	DIVO	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-17.75%	-12.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-10.21%	+4.26%
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	0.00%	-5.08%	+5.08%
Average Drawdown Average peak-to-trough decline	-2.58%	-2.45%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.82%	-1.14%

Volatility

DIVO vs. QDVO - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.24%, while Amplify CWP Growth & Income ETF (QDVO) has a volatility of 4.17%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than QDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	4.17%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	7.04%	10.04%	-3.00%
Volatility (1Y) Calculated over the trailing 1-year period	9.17%	13.03%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	17.36%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	17.36%	-2.59%

DIVO vs. QDVO - Expense Ratio Comparison

Both DIVO and QDVO have an expense ratio of 0.56%.

Dividends

DIVO vs. QDVO - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.30%, less than QDVO's 10.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.30%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
QDVO Amplify CWP Growth & Income ETF	10.80%	9.92%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVO and QDVO in my portfolio?

DIVO and QDVO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVO or QDVO?

QDVO has higher volatility (4.17%) compared to DIVO (2.24%). In terms of maximum drawdown, DIVO dropped -30.04% vs QDVO's -17.75%.

Which ETF is better, DIVO or QDVO?

On 1-year performance, DIVO leads with 16.70% vs 13.15% for QDVO. Both ETFs have the same 0.56% expense ratio. On volatility, DIVO has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or QDVO?

Over the 1-year period, DIVO has performed better with a 16.70% return vs 13.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or QDVO?

DIVO and QDVO have the same expense ratio: 0.56% per year.

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

QDVO has the higher dividend yield at 10.80%, compared with 6.30% for DIVO.

Which has better risk-adjusted returns?

DIVO currently has the higher Sharpe Ratio (1.83 vs 1.01), 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.