GRNI vs. QDVO
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both Derivative Income funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. GRNI charges 0.99%/yr vs 0.55%/yr for QDVO.
Performance
GRNI vs. QDVO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GRNI having a 9.53% return and QDVO slightly higher at 9.80%.
GRNI
- 1D
- -0.70%
- 1M
- 3.46%
- YTD
- 9.53%
- 6M
- 8.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDVO
- 1D
- -0.55%
- 1M
- 4.45%
- YTD
- 9.80%
- 6M
- 9.65%
- 1Y
- 27.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. QDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 9.53% | 2.85% |
QDVO Amplify CWP Growth & Income ETF | 9.80% | 2.35% |
Correlation
The correlation between GRNI and QDVO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.77 |
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Return for Risk
GRNI vs. QDVO — Risk / Return Rank
GRNI
QDVO
GRNI vs. QDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap & Income ETF (GRNI) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GRNI | QDVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 1.41 | +0.04 |
Drawdowns
GRNI vs. QDVO - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for GRNI and QDVO.
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Drawdown Indicators
| GRNI | QDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -17.75% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.21% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.94% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -2.37% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.51% | — |
Volatility
GRNI vs. QDVO - Volatility Comparison
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Volatility by Period
| GRNI | QDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 12.22% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 17.44% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 17.44% | -0.10% |
GRNI vs. QDVO - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is higher than QDVO's 0.55% expense ratio.
Dividends
GRNI vs. QDVO - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 4.79%, less than QDVO's 10.12% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.79% | 0.83% | 0.00% |
QDVO Amplify CWP Growth & Income ETF | 10.12% | 9.92% | 2.79% |
Frequently Asked Questions
GRNI and QDVO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVO is cheaper with a 0.55% expense ratio, compared with 0.99% for GRNI.
QDVO has the higher dividend yield at 10.12%, compared with 4.79% for GRNI.
They also come from different issuers: Tidal and Amplify. Their fees differ too: 0.99% for GRNI and 0.55% for QDVO.
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