Correlation
The correlation between MGRO and QDVO is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MGRO vs. QDVO
Compare and contrast key facts about VanEck Morningstar Wide Moat Growth ETF (MGRO) and Amplify CWP Growth & Income ETF (QDVO).
MGRO and QDVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGRO is a passively managed fund by VanEck that tracks the performance of the Morningstar US Broad Growth Wide Moat Focus Index - Benchmark TR Gross. It was launched on Mar 26, 2024. QDVO is an actively managed fund by Amplify. It was launched on Aug 22, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGRO or QDVO.
Performance
MGRO vs. QDVO - Performance Comparison
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Key characteristics
MGRO:
21.04%
QDVO:
22.60%
MGRO:
-23.81%
QDVO:
-17.75%
MGRO:
-8.16%
QDVO:
-1.31%
Returns By Period
In the year-to-date period, MGRO achieves a -2.51% return, which is significantly lower than QDVO's 2.25% return.
MGRO
-2.51%
5.44%
-5.55%
7.85%
N/A
N/A
N/A
QDVO
2.25%
6.88%
2.24%
N/A
N/A
N/A
N/A
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MGRO vs. QDVO - Expense Ratio Comparison
MGRO has a 0.49% expense ratio, which is lower than QDVO's 0.55% expense ratio.
Risk-Adjusted Performance
MGRO vs. QDVO — Risk-Adjusted Performance Rank
MGRO
QDVO
MGRO vs. QDVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Growth ETF (MGRO) 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.
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Dividends
MGRO vs. QDVO - Dividend Comparison
MGRO's dividend yield for the trailing twelve months is around 0.35%, less than QDVO's 6.91% yield.
| TTM | 2024 | |
|---|---|---|
MGRO VanEck Morningstar Wide Moat Growth ETF | 0.35% | 0.34% |
QDVO Amplify CWP Growth & Income ETF | 6.91% | 2.78% |
Drawdowns
MGRO vs. QDVO - Drawdown Comparison
The maximum MGRO drawdown since its inception was -23.81%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for MGRO and QDVO.
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Volatility
MGRO vs. QDVO - Volatility Comparison
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