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.
Correlation
The correlation between IDVO and QQQ is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
IDVO vs. QQQ - Performance Comparison
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Key characteristics
IDVO:
4.03%
QQQ:
25.14%
IDVO:
0.00%
QQQ:
-82.98%
IDVO:
0.00%
QQQ:
-9.42%
Returns By Period
IDVO
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
-4.41%
7.39%
-4.80%
11.06%
17.86%
17.08%
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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.
Risk-Adjusted Performance
IDVO vs. QQQ — Risk-Adjusted Performance Rank
IDVO
QQQ
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.
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Dividends
IDVO vs. QQQ - Dividend Comparison
IDVO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVO Amplify International Enhanced Dividend Income ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
IDVO vs. QQQ - Drawdown Comparison
The maximum IDVO drawdown since its inception was 0.00%, 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.
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Volatility
IDVO vs. QQQ - Volatility Comparison
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