IGLD vs. QDVO

Last updated Jun 9, 2026

IGLD (FT Vest Gold Strategy Target Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - IGLD is a Gold fund actively managed by First Trust, while QDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, IGLD returned 23.15% vs 23.86% for QDVO. At a 0.11 correlation, their price movements are largely independent. IGLD charges 0.85%/yr vs 0.56%/yr for QDVO.

Performance

IGLD vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Target Income ETF (IGLD) 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, IGLD achieves a -0.64% return, which is significantly lower than QDVO's 7.53% return.

IGLD

• 1D: 0.22%
• 1M: -7.38%
• YTD: -0.64%
• 6M: 2.24%
• 1Y: 23.15%
• 3Y*: 21.74%
• 5Y*: 12.52%
• 10Y*: —

QDVO

• 1D: 0.40%
• 1M: -0.87%
• YTD: 7.53%
• 6M: 7.16%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGLD vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGLD FT Vest Gold Strategy Target Income ETF	-0.64%	47.46%	4.74%
QDVO Amplify CWP Growth & Income ETF	7.53%	20.16%	11.80%

Correlation

The correlation between IGLD and QDVO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.11

Return for Risk

IGLD vs. QDVO — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 30
IGLD Sharpe Ratio Rank: 30
IGLD Sortino Ratio Rank: 28
IGLD Omega Ratio Rank: 34
IGLD Calmar Ratio Rank: 30
IGLD Martin Ratio Rank: 27

QDVO

QDVO Risk / Return Rank: 60
QDVO Sharpe Ratio Rank: 64
QDVO Sortino Ratio Rank: 63
QDVO Omega Ratio Rank: 63
QDVO Calmar Ratio Rank: 52
QDVO Martin Ratio Rank: 59

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.

IGLD vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) 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.

	IGLD	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.93	-0.94
Sortino ratio: Return per unit of downside risk	1.38	2.63	-1.25
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.14
Calmar ratio: Return relative to maximum drawdown	1.32	2.35	-1.02
Martin ratio: Return relative to average drawdown	3.48	9.49	-6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGLD vs. QDVO - Sharpe Ratio Comparison

The current IGLD Sharpe Ratio is 0.99, which is lower than the QDVO Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IGLD 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

	IGLD	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.93	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.31	-0.42

Drawdowns

IGLD vs. QDVO - Drawdown Comparison

The maximum IGLD drawdown since its inception was -18.59%, roughly equal to the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for IGLD and QDVO.

Drawdown Indicators

	IGLD	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-17.75%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-17.56%	-10.21%	-7.35%
Max Drawdown (3Y) Largest decline over 3 years	-17.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.59%	—	—
Current Drawdown Current decline from peak	-17.10%	-2.99%	-14.11%
Average Drawdown Average peak-to-trough decline	-5.27%	-2.37%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	2.52%	+4.15%

Volatility

IGLD vs. QDVO - Volatility Comparison

FT Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 5.18% compared to Amplify CWP Growth & Income ETF (QDVO) at 3.78%. This indicates that IGLD's price experiences larger fluctuations and is considered to be riskier than QDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGLD	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	3.78%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	21.28%	9.27%	+12.01%
Volatility (1Y) Calculated over the trailing 1-year period	23.50%	12.46%	+11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	17.50%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	17.50%	-2.44%

IGLD vs. QDVO - Expense Ratio Comparison

IGLD has a 0.85% expense ratio, which is higher than QDVO's 0.56% expense ratio.

Dividends

IGLD vs. QDVO - Dividend Comparison

IGLD's dividend yield for the trailing twelve months is around 18.34%, more than QDVO's 10.34% yield.

Position	TTM	2025	2024	2023	2022	2021
IGLD FT Vest Gold Strategy Target Income ETF	18.34%	9.91%	20.81%	7.85%	4.45%	2.24%
QDVO Amplify CWP Growth & Income ETF	10.34%	9.92%	2.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGLD and QDVO in my portfolio?

IGLD and QDVO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGLD or QDVO?

IGLD has higher volatility (5.18%) compared to QDVO (3.78%). In terms of maximum drawdown, IGLD dropped -18.59% vs QDVO's -17.75%.

Which ETF is better, IGLD or QDVO?

On 1-year performance, QDVO leads with 23.86% vs 23.15% for IGLD. On fees, QDVO is cheaper at 0.56% per year. On volatility, QDVO has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGLD or QDVO?

Over the 1-year period, QDVO has performed better with a 23.86% return vs 23.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGLD or QDVO?

QDVO is cheaper with a 0.56% expense ratio, compared with 0.85% for IGLD.

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

IGLD has the higher dividend yield at 18.34%, compared with 10.34% for QDVO.

What is the main difference between IGLD and QDVO?

IGLD is categorized as Gold, while QDVO is Derivative Income. They also come from different issuers: First Trust and Amplify. Their fees differ too: 0.85% for IGLD and 0.56% for QDVO.

Which has better risk-adjusted returns?

QDVO currently has the higher Sharpe Ratio (1.93 vs 0.99), 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.