QDVO vs. FYEE

Last updated Jun 5, 2026

QDVO (Amplify CWP Growth & Income ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QDVO returned 26.60% vs 24.81% for FYEE. Their correlation of 0.82 suggests significant overlap in exposure. QDVO charges 0.56%/yr vs 0.28%/yr for FYEE.

Performance

QDVO vs. FYEE - Performance Comparison

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

Returns By Period

In the year-to-date period, QDVO achieves a 9.91% return, which is significantly higher than FYEE's 7.28% return.

QDVO

• 1D: 0.10%
• 1M: 3.95%
• YTD: 9.91%
• 6M: 9.61%
• 1Y: 26.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: 0.23%
• 1M: 2.96%
• YTD: 7.28%
• 6M: 8.57%
• 1Y: 24.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDVO vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDVO Amplify CWP Growth & Income ETF	9.91%	20.16%	11.80%
FYEE Fidelity Yield Enhanced Equity ETF	7.28%	15.76%	7.16%

Correlation

The correlation between QDVO and FYEE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.82

The correlation between QDVO and FYEE has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

Return for Risk

QDVO vs. FYEE — Risk / Return Rank

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

QDVO

QDVO Risk / Return Rank: 63
QDVO Sharpe Ratio Rank: 68
QDVO Sortino Ratio Rank: 67
QDVO Omega Ratio Rank: 66
QDVO Calmar Ratio Rank: 54
QDVO Martin Ratio Rank: 60

FYEE

FYEE Risk / Return Rank: 80
FYEE Sharpe Ratio Rank: 81
FYEE Sortino Ratio Rank: 79
FYEE Omega Ratio Rank: 86
FYEE Calmar Ratio Rank: 69
FYEE Martin Ratio Rank: 85

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.

QDVO vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Growth & Income ETF (QDVO) and Fidelity Yield Enhanced Equity ETF (FYEE). 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.

	QDVO	FYEE	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.59	-0.40
Sortino ratio: Return per unit of downside risk	3.02	3.49	-0.48
Omega ratio: Gain probability vs. loss probability	1.39	1.52	-0.13
Calmar ratio: Return relative to maximum drawdown	2.62	3.37	-0.75
Martin ratio: Return relative to average drawdown	10.64	17.26	-6.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVO vs. FYEE - Sharpe Ratio Comparison

The current QDVO Sharpe Ratio is 2.19, which is comparable to the FYEE Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of QDVO and FYEE, 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

	QDVO	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.59	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	1.25	+0.16

Drawdowns

QDVO vs. FYEE - Drawdown Comparison

The maximum QDVO drawdown since its inception was -17.75%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for QDVO and FYEE.

Drawdown Indicators

	QDVO	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-18.79%	+1.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-7.39%	-2.82%
Current Drawdown Current decline from peak	-0.84%	-0.07%	-0.77%
Average Drawdown Average peak-to-trough decline	-2.36%	-2.25%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.44%	+1.07%

Volatility

QDVO vs. FYEE - Volatility Comparison

Amplify CWP Growth & Income ETF (QDVO) has a higher volatility of 2.86% compared to Fidelity Yield Enhanced Equity ETF (FYEE) at 1.39%. This indicates that QDVO's price experiences larger fluctuations and is considered to be riskier than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDVO	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	1.39%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	7.25%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	9.63%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	13.83%	+3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	13.83%	+3.59%

QDVO vs. FYEE - Expense Ratio Comparison

QDVO has a 0.56% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

QDVO vs. FYEE - Dividend Comparison

QDVO's dividend yield for the trailing twelve months is around 10.11%, more than FYEE's 7.55% yield.

Position	TTM	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	7.55%	7.08%	5.45%
QDVO Amplify CWP Growth & Income ETF	10.11%	9.92%	2.79%

Frequently Asked Questions

Can I hold both QDVO and FYEE in my portfolio?

QDVO and FYEE have a correlation of 0.82, 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 FYEE?

QDVO has higher volatility (2.86%) compared to FYEE (1.39%). In terms of maximum drawdown, QDVO dropped -17.75% vs FYEE's -18.79%.

Which ETF is better, QDVO or FYEE?

On 1-year performance, QDVO leads with 26.60% vs 24.81% for FYEE. On fees, FYEE is cheaper at 0.28% per year. On volatility, FYEE has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDVO or FYEE?

Over the 1-year period, QDVO has performed better with a 26.60% return vs 24.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDVO or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.56% for QDVO.

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

QDVO has the higher dividend yield at 10.11%, compared with 7.55% for FYEE.

What is the main difference between QDVO and FYEE?

They also come from different issuers: Amplify and Fidelity. Their fees differ too: 0.56% for QDVO and 0.28% for FYEE.

Which has better risk-adjusted returns?

FYEE currently has the higher Sharpe Ratio (2.59 vs 2.19), 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.