GPIX vs. QDVO

Last updated Jun 4, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GPIX returned 25.55% vs 27.43% for QDVO. Their correlation of 0.88 suggests significant overlap in exposure. GPIX charges 0.29%/yr vs 0.56%/yr for QDVO.

Performance

GPIX vs. QDVO - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GPIX having a 9.91% return and QDVO slightly lower at 9.80%.

GPIX

• 1D: -0.48%
• 1M: 4.27%
• YTD: 9.91%
• 6M: 10.34%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

GPIX vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.91%	16.25%	6.40%
QDVO Amplify CWP Growth & Income ETF	9.80%	20.16%	11.80%

Correlation

The correlation between GPIX and QDVO is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.88

The correlation between GPIX and QDVO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

GPIX vs. QDVO - Sectors Allocation Comparison

Sectors	GPIX	QDVO
Technology	35.5%	50.6%
Financial Services	11.6%	4.1%
Communication Services	11.5%	16.8%
Consumer Cyclical	10.1%	12.5%
Healthcare	8.4%	4.6%
Industrials	8.4%	1.7%
Consumer Defensive	4.9%	6.3%
Energy	3.5%	0.8%
Utilities	2.4%	0.7%
Real Estate	2.0%	-
Basic Materials	1.8%	1.8%

Return for Risk

GPIX vs. QDVO — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 75
GPIX Sharpe Ratio Rank: 76
GPIX Sortino Ratio Rank: 75
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 66
GPIX Martin Ratio Rank: 82

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.

GPIX vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs S&P 500 Premium Income ETF (GPIX) 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.

	GPIX	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.26	+0.27
Sortino ratio: Return per unit of downside risk	3.48	3.10	+0.39
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	3.33	2.70	+0.63
Martin ratio: Return relative to average drawdown	16.77	10.98	+5.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPIX vs. QDVO - Sharpe Ratio Comparison

The current GPIX Sharpe Ratio is 2.52, which is comparable to the QDVO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of GPIX 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

	GPIX	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.26	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	1.41	+0.37

Drawdowns

GPIX vs. QDVO - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, roughly equal to the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for GPIX and QDVO.

Drawdown Indicators

	GPIX	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-17.75%	+0.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-10.21%	+2.50%
Current Drawdown Current decline from peak	-0.48%	-0.94%	+0.46%
Average Drawdown Average peak-to-trough decline	-1.48%	-2.37%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.51%	-0.98%

Volatility

GPIX vs. QDVO - Volatility Comparison

The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 2.26%, while Amplify CWP Growth & Income ETF (QDVO) has a volatility of 2.89%. This indicates that GPIX 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

	GPIX	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	2.89%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	8.87%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.17%	12.22%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	17.44%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.80%	17.44%	-3.64%

GPIX vs. QDVO - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is lower than QDVO's 0.56% expense ratio.

Dividends

GPIX vs. QDVO - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.00%, less than QDVO's 10.12% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.00%	8.01%	7.45%	1.40%
QDVO Amplify CWP Growth & Income ETF	10.12%	9.92%	2.79%	0.00%

Frequently Asked Questions

Can I hold both GPIX and QDVO in my portfolio?

GPIX and QDVO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIX or QDVO?

QDVO has higher volatility (2.89%) compared to GPIX (2.26%). In terms of maximum drawdown, GPIX dropped -17.50% vs QDVO's -17.75%.

Which ETF is better, GPIX or QDVO?

On 1-year performance, QDVO leads with 27.43% vs 25.55% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIX or QDVO?

Over the 1-year period, QDVO has performed better with a 27.43% return vs 25.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIX or QDVO?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.56% for QDVO.

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

QDVO has the higher dividend yield at 10.12%, compared with 8.00% for GPIX.

What is the main difference between GPIX and QDVO?

They also come from different issuers: Goldman Sachs and Amplify. Their fees differ too: 0.29% for GPIX and 0.56% for QDVO.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.52 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.