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FHAIX vs. QDVO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FHAIX vs. QDVO

Last updated Jun 4, 2026

FHAIX (Franklin High Income Fund) and QDVO (Amplify CWP Growth & Income ETF) are both funds - FHAIX is a High Yield Bonds fund managed by Franklin Templeton, while QDVO is a Derivative Income fund actively managed by Amplify. Over the past year, FHAIX returned 6.52% vs 27.43% for QDVO. At a 0.34 correlation, their price movements are largely independent. FHAIX charges 0.77%/yr vs 0.56%/yr for QDVO.

Performance

FHAIX vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin High Income Fund (FHAIX) and Amplify CWP Growth & Income ETF (QDVO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FHAIX achieves a 0.95% return, which is significantly lower than QDVO's 9.80% return.

FHAIX

1D
0.00%
1M
0.52%
YTD
0.95%
6M
1.46%
1Y
6.52%
3Y*
8.35%
5Y*
4.28%
10Y*
5.93%

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)

FHAIX vs. QDVO - Yearly Performance Comparison

2026 (YTD)20252024
FHAIX
Franklin High Income Fund		0.95%7.28%1.48%
QDVO
Amplify CWP Growth & Income ETF		9.80%20.16%11.80%

Correlation

The correlation between FHAIX and QDVO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Aug 23, 2024

0.34

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin High Income Fund

Amplify CWP Growth & Income ETF

Often compared with FHAIX:
FHAIX vs. DSLFHAIX vs. GUHYXFHAIX vs. FQTIXFHAIX vs. FIQSXFHAIX vs. VOOFHAIX vs. PRFRXFHAIX vs. VGLT
Often compared with QDVO:
QDVO vs. DIVOQDVO vs. QQQIQDVO vs. JEPQQDVO vs. GPIQQDVO vs. QQQQDVO vs. SPYQDVO vs. SCHG

Return for Risk

FHAIX vs. QDVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHAIX
FHAIX Risk / Return Rank: 4242
Overall Rank
FHAIX Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FHAIX Sortino Ratio Rank: 2828
Sortino Ratio Rank
FHAIX Omega Ratio Rank: 6464
Omega Ratio Rank
FHAIX Calmar Ratio Rank: 3737
Calmar Ratio Rank
FHAIX Martin Ratio Rank: 5757
Martin Ratio Rank
QDVO
QDVO Risk / Return Rank: 6262
Overall Rank
QDVO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
QDVO Sortino Ratio Rank: 6565
Sortino Ratio Rank
QDVO Omega Ratio Rank: 6464
Omega Ratio Rank
QDVO Calmar Ratio Rank: 5353
Calmar Ratio Rank
QDVO Martin Ratio Rank: 6060
Martin Ratio Rank
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.

FHAIX vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) 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.

FHAIXQDVODifference
Sharpe ratioReturn per unit of total volatility
1.46
2.26

-0.80

Sortino ratioReturn per unit of downside risk
2.19
3.10

-0.91

Omega ratioGain probability vs. loss probability

1.45

1.40

+0.05

Calmar ratioReturn relative to maximum drawdown

2.31

2.70

-0.39

Martin ratioReturn relative to average drawdown

11.37

10.98

+0.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHAIX vs. QDVO - Sharpe Ratio Comparison

The current FHAIX Sharpe Ratio is 1.46, which is lower than the QDVO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FHAIX 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.

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Sharpe Ratios by Period

FHAIXQDVODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

2.26

-0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.95

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

1.41

-0.39

Drawdowns

FHAIX vs. QDVO - Drawdown Comparison

The maximum FHAIX drawdown since its inception was -31.52%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for FHAIX and QDVO.

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Drawdown Indicators

FHAIXQDVODifference

Max Drawdown

Largest peak-to-trough decline

-31.52%

-17.75%

-13.77%

Max Drawdown (1Y)

Largest decline over 1 year

-2.84%

-10.21%

+7.37%

Max Drawdown (3Y)

Largest decline over 3 years

-4.55%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-14.32%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-19.49%

—

—

Current Drawdown

Current decline from peak

-0.12%

-0.94%

+0.82%

Average Drawdown

Average peak-to-trough decline

-3.07%

-2.37%

-0.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

2.51%

-1.94%

Volatility

FHAIX vs. QDVO - Volatility Comparison

The current volatility for Franklin High Income Fund (FHAIX) is 1.41%, while Amplify CWP Growth & Income ETF (QDVO) has a volatility of 2.89%. This indicates that FHAIX 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.

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Volatility by Period

FHAIXQDVODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

2.89%

-1.48%

Volatility (6M)

Calculated over the trailing 6-month period

3.48%

8.87%

-5.39%

Volatility (1Y)

Calculated over the trailing 1-year period

4.50%

12.22%

-7.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.86%

17.44%

-11.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.24%

17.44%

-11.20%

FHAIX vs. QDVO - Expense Ratio Comparison

FHAIX has a 0.77% expense ratio, which is higher than QDVO's 0.56% expense ratio.

Dividends

FHAIX vs. QDVO - Dividend Comparison

FHAIX's dividend yield for the trailing twelve months is around 5.79%, less than QDVO's 10.12% yield.

PositionTTM20252024202320222021202020192018201720162015
FHAIX
Franklin High Income Fund		5.79%4.71%6.37%6.09%5.97%5.63%5.19%5.45%5.99%5.49%5.84%7.19%
QDVO
Amplify CWP Growth & Income ETF		10.12%9.92%2.79%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FHAIX and QDVO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QDVO has higher volatility (2.89%) compared to FHAIX (1.41%). In terms of maximum drawdown, FHAIX dropped -31.52% vs QDVO's -17.75%.

QDVO currently has the higher Sharpe Ratio (2.26 vs 1.46), 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.

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