IDVO vs. QQQ
Compare and contrast key facts about Amplify International Enhanced Dividend Income ETF (IDVO) and Invesco QQQ (QQQ).
IDVO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDVO is an actively managed fund by Amplify Investments. It was launched on Sep 8, 2022. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDVO or QQQ.
Performance
IDVO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IDVO achieves a 11.45% return, which is significantly lower than QQQ's 23.47% return.
IDVO
11.45%
-2.16%
-1.51%
13.84%
N/A
N/A
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| IDVO | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.20 | 1.80 |
| Sortino Ratio | 1.67 | 2.40 |
| Omega Ratio | 1.21 | 1.32 |
| Calmar Ratio | 1.75 | 2.31 |
| Martin Ratio | 6.72 | 8.39 |
| Ulcer Index | 2.40% | 3.73% |
| Daily Std Dev | 13.43% | 17.41% |
| Max Drawdown | -11.00% | -82.98% |
| Current Drawdown | -2.22% | -2.08% |
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IDVO vs. QQQ - Expense Ratio Comparison
IDVO has a 0.65% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IDVO and QQQ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IDVO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify International Enhanced Dividend Income ETF (IDVO) and Invesco QQQ (QQQ). 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.
Dividends
IDVO vs. QQQ - Dividend Comparison
IDVO's dividend yield for the trailing twelve months is around 5.94%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVO Amplify International Enhanced Dividend Income ETF | 5.94% | 5.71% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IDVO vs. QQQ - Drawdown Comparison
The maximum IDVO drawdown since its inception was -11.00%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IDVO and QQQ. For additional features, visit the drawdowns tool.
Volatility
IDVO vs. QQQ - Volatility Comparison
The current volatility for Amplify International Enhanced Dividend Income ETF (IDVO) is 3.70%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that IDVO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.