GTIP vs. QDVO

Last updated Jun 4, 2026

GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - GTIP is a Inflation-Protected Bonds fund tracking the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while QDVO is a Derivative Income fund actively managed by Amplify. GTIP is passively managed, while QDVO is actively managed. Over the past year, GTIP returned 5.10% vs 27.43% for QDVO. At a 0.06 correlation, their price movements are largely independent. GTIP charges 0.12%/yr vs 0.56%/yr for QDVO.

Performance

GTIP vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) 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, GTIP achieves a 1.70% return, which is significantly lower than QDVO's 9.80% return.

GTIP

• 1D: -0.08%
• 1M: 0.04%
• YTD: 1.70%
• 6M: 1.11%
• 1Y: 5.10%
• 3Y*: 4.01%
• 5Y*: 1.09%
• 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)

GTIP vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF	1.70%	6.63%	-1.36%
QDVO Amplify CWP Growth & Income ETF	9.80%	20.16%	11.80%

Correlation

The correlation between GTIP and QDVO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.06

Return for Risk

GTIP vs. QDVO — Risk / Return Rank

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

GTIP

GTIP Risk / Return Rank: 47
GTIP Sharpe Ratio Rank: 44
GTIP Sortino Ratio Rank: 47
GTIP Omega Ratio Rank: 43
GTIP Calmar Ratio Rank: 51
GTIP Martin Ratio Rank: 48

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.

GTIP vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) 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.

	GTIP	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.26	-0.72
Sortino ratio: Return per unit of downside risk	2.33	3.10	-0.76
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.54	2.70	-0.16
Martin ratio: Return relative to average drawdown	8.00	10.98	-2.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTIP vs. QDVO - Sharpe Ratio Comparison

The current GTIP Sharpe Ratio is 1.53, which is lower than the QDVO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of GTIP 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

	GTIP	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.26	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.41	-0.85

Drawdowns

GTIP vs. QDVO - Drawdown Comparison

The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for GTIP and QDVO.

Drawdown Indicators

	GTIP	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-17.75%	+3.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	-10.21%	+8.19%
Max Drawdown (3Y) Largest decline over 3 years	-4.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.31%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.94%	+0.77%
Average Drawdown Average peak-to-trough decline	-4.24%	-2.37%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	2.51%	-1.87%

Volatility

GTIP vs. QDVO - Volatility Comparison

The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 0.97%, while Amplify CWP Growth & Income ETF (QDVO) has a volatility of 2.89%. This indicates that GTIP 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

	GTIP	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	2.89%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	2.32%	8.87%	-6.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	12.22%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.07%	17.44%	-11.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.01%	17.44%	-11.43%

GTIP vs. QDVO - Expense Ratio Comparison

GTIP has a 0.12% expense ratio, which is lower than QDVO's 0.56% expense ratio.

Dividends

GTIP vs. QDVO - Dividend Comparison

GTIP's dividend yield for the trailing twelve months is around 4.69%, less than QDVO's 10.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF	4.69%	4.58%	3.52%	2.77%	6.47%	3.82%	1.04%	2.34%	0.66%
QDVO Amplify CWP Growth & Income ETF	10.12%	9.92%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTIP and QDVO in my portfolio?

GTIP and QDVO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTIP or QDVO?

QDVO has higher volatility (2.89%) compared to GTIP (0.97%). In terms of maximum drawdown, GTIP dropped -14.31% vs QDVO's -17.75%.

Which ETF is better, GTIP or QDVO?

On 1-year performance, QDVO leads with 27.43% vs 5.10% for GTIP. On fees, GTIP is cheaper at 0.12% per year. On volatility, GTIP has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTIP or QDVO?

Over the 1-year period, QDVO has performed better with a 27.43% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTIP or QDVO?

GTIP is cheaper with a 0.12% expense ratio, compared with 0.56% for QDVO.

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

QDVO has the higher dividend yield at 10.12%, compared with 4.69% for GTIP.

What is the main difference between GTIP and QDVO?

GTIP is categorized as Inflation-Protected Bonds, while QDVO is Derivative Income. They also come from different issuers: Goldman Sachs and Amplify. Their fees differ too: 0.12% for GTIP and 0.56% for QDVO.

Which has better risk-adjusted returns?

QDVO currently has the higher Sharpe Ratio (2.26 vs 1.53), 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.