DYMIX vs. QDVO

Last updated Jun 3, 2026

DYMIX (Dynamic Alpha Macro Fund Institutional) and QDVO (Amplify CWP Growth & Income ETF) are both funds - DYMIX is a Macro Trading fund actively managed by Dynamic Alpha Funds, while QDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, DYMIX returned 29.08% vs 28.72% for QDVO. At a 0.25 correlation, their price movements are largely independent. DYMIX charges 1.98%/yr vs 0.55%/yr for QDVO.

Performance

DYMIX vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic Alpha Macro Fund Institutional (DYMIX) 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, DYMIX achieves a 7.54% return, which is significantly lower than QDVO's 10.41% return.

DYMIX

• 1D: -0.07%
• 1M: 0.96%
• YTD: 7.54%
• 6M: 10.68%
• 1Y: 29.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDVO

• 1D: -0.23%
• 1M: 4.93%
• YTD: 10.41%
• 6M: 10.07%
• 1Y: 28.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DYMIX vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DYMIX Dynamic Alpha Macro Fund Institutional	7.54%	25.51%	2.74%
QDVO Amplify CWP Growth & Income ETF	10.41%	20.16%	11.80%

Correlation

The correlation between DYMIX and QDVO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.25

Return for Risk

DYMIX vs. QDVO — Risk / Return Rank

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

DYMIX

DYMIX Risk / Return Rank: 35
DYMIX Sharpe Ratio Rank: 42
DYMIX Sortino Ratio Rank: 38
DYMIX Omega Ratio Rank: 41
DYMIX Calmar Ratio Rank: 35
DYMIX Martin Ratio Rank: 19

QDVO

QDVO Risk / Return Rank: 67
QDVO Sharpe Ratio Rank: 71
QDVO Sortino Ratio Rank: 70
QDVO Omega Ratio Rank: 69
QDVO Calmar Ratio Rank: 58
QDVO Martin Ratio Rank: 65

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.

DYMIX vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Alpha Macro Fund Institutional (DYMIX) 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.

	DYMIX	QDVO	Difference
Sharpe ratio Return per unit of total volatility	1.91	2.36	-0.45
Sortino ratio Return per unit of downside risk	2.60	3.23	-0.63
Omega ratio Gain probability vs. loss probability	1.34	1.42	-0.08
Calmar ratio Return relative to maximum drawdown	2.28	2.91	-0.64
Martin ratio Return relative to average drawdown	5.31	11.88	-6.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DYMIX vs. QDVO - Sharpe Ratio Comparison

The current DYMIX Sharpe Ratio is 1.91, which is comparable to the QDVO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of DYMIX 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

	DYMIX	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.36	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	1.44	+0.28

Drawdowns

DYMIX vs. QDVO - Drawdown Comparison

The maximum DYMIX drawdown since its inception was -12.95%, smaller than the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for DYMIX and QDVO.

Drawdown Indicators

	DYMIX	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-17.75%	+4.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.95%	-10.21%	-2.74%
Current Drawdown Current decline from peak	-9.38%	-0.39%	-8.99%
Average Drawdown Average peak-to-trough decline	-3.76%	-2.37%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	2.50%	+3.06%

Volatility

DYMIX vs. QDVO - Volatility Comparison

Dynamic Alpha Macro Fund Institutional (DYMIX) and Amplify CWP Growth & Income ETF (QDVO) have volatilities of 2.80% and 2.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYMIX	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	2.79%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	8.87%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.35%	12.22%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.44%	17.46%	-3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.44%	17.46%	-3.02%

DYMIX vs. QDVO - Expense Ratio Comparison

DYMIX has a 1.98% expense ratio, which is higher than QDVO's 0.55% expense ratio.

Dividends

DYMIX vs. QDVO - Dividend Comparison

DYMIX's dividend yield for the trailing twelve months is around 6.34%, less than QDVO's 10.07% yield.

Position	TTM	2025	2024	2023
DYMIX Dynamic Alpha Macro Fund Institutional	6.34%	6.82%	7.12%	0.42%
QDVO Amplify CWP Growth & Income ETF	10.07%	9.92%	2.79%	0.00%

Frequently Asked Questions

Can I hold both DYMIX and QDVO in my portfolio?

DYMIX and QDVO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYMIX or QDVO?

DYMIX has higher volatility (2.80%) compared to QDVO (2.79%). In terms of maximum drawdown, DYMIX dropped -12.95% vs QDVO's -17.75%.

Which has better risk-adjusted returns?

QDVO currently has the higher Sharpe Ratio (2.36 vs 1.91), 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.