DIVO vs. QQQ

Last updated Jun 9, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. DIVO is actively managed, while QQQ is passively managed. Over the past 5 years, DIVO returned 10.72%/yr vs 16.98%/yr for QQQ. A 0.61 correlation means they provide meaningful diversification when combined. DIVO charges 0.56%/yr vs 0.18%/yr for QQQ.

Performance

DIVO vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, DIVO achieves a 5.28% return, which is significantly lower than QQQ's 16.71% return.

DIVO

• 1D: -0.30%
• 1M: 1.64%
• YTD: 5.28%
• 6M: 5.66%
• 1Y: 17.72%
• 3Y*: 15.15%
• 5Y*: 10.72%
• 10Y*: —

QQQ

• 1D: 1.56%
• 1M: 0.68%
• YTD: 16.71%
• 6M: 15.00%
• 1Y: 35.78%
• 3Y*: 27.15%
• 5Y*: 16.98%
• 10Y*: 21.59%

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

DIVO vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	5.28%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%
QQQ Invesco QQQ ETF	16.71%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between DIVO and QQQ is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016	0.61

The correlation between DIVO and QQQ shifts across timeframes, from 0.51 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

DIVO vs. QQQ - Sectors Allocation Comparison

Sectors	DIVO	QQQ
Financial Services	29.6%	0.2%
Industrials	16.0%	2.8%
Technology	15.6%	53.8%
Consumer Cyclical	11.5%	12.3%
Consumer Defensive	6.9%	7.7%
Energy	6.7%	0.6%
Healthcare	6.6%	4.2%
Basic Materials	4.2%	1.1%
Utilities	1.9%	1.4%
Communication Services	1.0%	15.8%
Real Estate	-	0.1%

Return for Risk

DIVO vs. QQQ — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 66
DIVO Sharpe Ratio Rank: 66
DIVO Sortino Ratio Rank: 72
DIVO Omega Ratio Rank: 63
DIVO Calmar Ratio Rank: 66
DIVO Martin Ratio Rank: 65

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 74
QQQ Sortino Ratio Rank: 67
QQQ Omega Ratio Rank: 70
QQQ Calmar Ratio Rank: 66
QQQ Martin Ratio Rank: 68

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. QQQ - Risk-Adjusted Trends Comparison

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

	DIVO	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.15	-0.19
Sortino ratio: Return per unit of downside risk	2.91	2.77	+0.14
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.99	3.00	-0.01
Martin ratio: Return relative to average drawdown	10.79	11.43	-0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVO vs. QQQ - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 1.96, which is comparable to the QQQ Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of DIVO and QQQ, 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

	DIVO	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	2.15	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.76	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.40	+0.44

Drawdowns

DIVO vs. QQQ - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DIVO and QQQ.

Drawdown Indicators

	DIVO	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-82.97%	+52.93%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-11.96%	+6.01%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-22.77%	+10.65%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-35.12%	+21.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.27%	-4.03%	+2.76%
Average Drawdown Average peak-to-trough decline	-2.61%	-32.77%	+30.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	3.14%	-1.49%

Volatility

DIVO vs. QQQ - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.30%, while Invesco QQQ ETF (QQQ) has a volatility of 6.84%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	6.84%	-4.54%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	13.20%	-6.18%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	16.74%	-7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	22.49%	-10.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	22.36%	-7.52%

DIVO vs. QQQ - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

DIVO vs. QQQ - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.43%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both DIVO and QQQ in my portfolio?

DIVO and QQQ have a correlation of 0.51, 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 QQQ?

QQQ has higher volatility (6.84%) compared to DIVO (2.30%). In terms of maximum drawdown, DIVO dropped -30.04% vs QQQ's -82.97%.

Which ETF is better, DIVO or QQQ?

On 5-year performance, QQQ leads with 16.98% vs 10.72% for DIVO. On fees, QQQ is cheaper at 0.18% per year. On volatility, DIVO has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or QQQ?

Over the 5-year period, QQQ has performed better with a 16.98% return vs 10.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.56% for DIVO.

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

DIVO has the higher dividend yield at 6.43%, compared with 0.39% for QQQ.

What is the main difference between DIVO and QQQ?

DIVO is categorized as Derivative Income, while QQQ is Nasdaq-100. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.56% for DIVO and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.15 vs 1.96), 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.