QDVO vs. AMDW

Last updated Aug 4, 2026

QDVO (Amplify CWP Growth & Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QDVO returned 17.64% vs 214.50% for AMDW. Their 0.63 correlation means they have sometimes moved together and sometimes differently. QDVO charges 0.56%/yr vs 0.99%/yr for AMDW.

Performance

QDVO vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Growth & Income ETF (QDVO) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDVO achieves a 7.82% return, which is significantly lower than AMDW's 150.89% return.

QDVO

• 1D: 1.45%
• 1M: 0.19%
• 6M: 7.29%
• YTD: 7.82%
• 1Y: 17.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.83%

AMDW

• 1D: 1.68%
• 1M: -8.62%
• 6M: 113.70%
• YTD: 150.89%
• 1Y: 214.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 231.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDW Roundhill AMD WeeklyPay ETF	$10.29M	$9.36M	$8.60M
QDVO Amplify CWP Growth & Income ETF	$7.16M	$7.33M	$8.68M

QDVO vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
QDVO Amplify CWP Growth & Income ETF	7.82%	8.53%
AMDW Roundhill AMD WeeklyPay ETF	150.89%	36.56%

Correlation

The correlation between QDVO and AMDW is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.63

The correlation between QDVO and AMDW has been stable across timeframes, ranging from 0.63 to 0.63 - a consistent structural relationship.

QDVO vs. AMDW - Sectors Allocation Comparison

Sectors	QDVO	AMDW
Technology	50.7%	19.3%
Communication Services	14.3%	-
Consumer Cyclical	12.4%	-
Consumer Defensive	6.5%	-
Healthcare	6.0%	-
Financial Services	3.7%	-
Industrials	3.3%	-
Basic Materials	2.2%	-
Utilities	0.5%	-
Energy	0.5%	-
Real Estate	-	-

Return for Risk

QDVO vs. AMDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QDVO

QDVO Risk / Return Rank: 52
QDVO Sharpe Ratio Rank: 54
QDVO Sortino Ratio Rank: 54
QDVO Omega Ratio Rank: 52
QDVO Calmar Ratio Rank: 48
QDVO Martin Ratio Rank: 51

AMDW

AMDW Risk / Return Rank: 89
AMDW Sharpe Ratio Rank: 93
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 83
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QDVO vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Growth & Income ETF (QDVO) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QDVO	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.52	-1.19
Sortino ratio: Return per unit of downside risk	1.91	3.02	-1.10
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.74	6.23	-4.50
Martin ratio: Return relative to average drawdown	6.13	12.22	-6.10

QDVO vs. AMDW - Sharpe Ratio Comparison

The current QDVO Sharpe Ratio is 1.34, which is lower than the AMDW Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of QDVO and AMDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDVO vs. AMDW - Drawdown Comparison

The maximum QDVO drawdown since its inception was -17.75%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for QDVO and AMDW.

Drawdown Indicators

	QDVO	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-34.64%	+16.89%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-34.64%	+24.43%
Current Drawdown Current decline from peak	-2.73%	-20.07%	+17.34%
Average Drawdown Average peak-to-trough decline	-2.46%	-13.99%	+11.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	17.63%	-14.75%

Volatility

QDVO vs. AMDW - Volatility Comparison

The current volatility for Amplify CWP Growth & Income ETF (QDVO) is 4.42%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 28.57%. This indicates that QDVO experiences smaller price fluctuations and is considered to be less risky than AMDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDVO	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	28.57%	-24.15%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	66.95%	-56.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	85.77%	-72.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	84.89%	-67.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	84.89%	-67.49%

QDVO vs. AMDW - Expense Ratio Comparison

QDVO has a 0.56% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

QDVO vs. AMDW - Dividend Comparison

QDVO's dividend yield for the trailing twelve months is around 10.81%, less than AMDW's 55.51% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	54.81%	34.78%	0.00%
QDVO Amplify CWP Growth & Income ETF	10.81%	9.92%	2.79%

Frequently Asked Questions

Can I hold both QDVO and AMDW in my portfolio?

QDVO and AMDW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDVO or AMDW?

AMDW has higher volatility (28.57%) compared to QDVO (4.42%). In terms of maximum drawdown, QDVO dropped -17.75% vs AMDW's -34.64%.

Which ETF is better, QDVO or AMDW?

On 1-year performance, AMDW leads with 214.50% vs 17.64% for QDVO. On fees, QDVO is cheaper at 0.56% per year. On volatility, QDVO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDVO or AMDW?

Over the 1-year period, AMDW has performed better with a 214.50% return vs 17.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDVO or AMDW?

QDVO is cheaper with a 0.56% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 55.51%, compared with 10.81% for QDVO.

What is the main difference between QDVO and AMDW?

They also come from different issuers: Amplify and Roundhill. Their fees differ too: 0.56% for QDVO and 0.99% for AMDW.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.52 vs 1.34), 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.