QDVO vs. GOOGL
QDVO (Amplify CWP Growth & Income ETF) is Derivative Income fund actively managed by Amplify, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past year, QDVO returned 23.86% vs 110.03% for GOOGL. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
QDVO vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, QDVO achieves a 7.53% return, which is significantly lower than GOOGL's 16.22% return.
QDVO
- 1D
- 0.40%
- 1M
- -0.87%
- YTD
- 7.53%
- 6M
- 7.16%
- 1Y
- 23.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOGL
- 1D
- -1.36%
- 1M
- -9.30%
- YTD
- 16.22%
- 6M
- 15.96%
- 1Y
- 110.03%
- 3Y*
- 44.20%
- 5Y*
- 24.94%
- 10Y*
- 25.89%
QDVO vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QDVO Amplify CWP Growth & Income ETF | 7.53% | 20.16% | 9.76% |
GOOGL Alphabet Inc. Class A | 16.22% | 65.99% | 14.42% |
Correlation
The correlation between QDVO and GOOGL is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.59 |
The correlation between QDVO and GOOGL has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
QDVO vs. GOOGL — Risk / Return Rank
QDVO
GOOGL
QDVO vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Growth & Income ETF (QDVO) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.61 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 5.43 | -3.09 |
| Martin ratioReturn relative to average drawdown | 9.49 | 19.79 | -10.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDVO | GOOGL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 3.78 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.84 | +0.48 |
Drawdowns
QDVO vs. GOOGL - Drawdown Comparison
The maximum QDVO drawdown since its inception was -17.75%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for QDVO and GOOGL.
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Drawdown Indicators
| QDVO | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.75% | -65.29% | +47.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -20.37% | +10.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.32% | — |
Current DrawdownCurrent decline from peak | -2.99% | -9.71% | +6.72% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -13.02% | +10.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 5.58% | -3.06% |
Volatility
QDVO vs. GOOGL - Volatility Comparison
The current volatility for Amplify CWP Growth & Income ETF (QDVO) is 3.78%, while Alphabet Inc. Class A (GOOGL) has a volatility of 8.68%. This indicates that QDVO experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVO | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 8.68% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 20.90% | -11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 29.33% | -16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 31.33% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 29.13% | -11.63% |
Dividends
QDVO vs. GOOGL - Dividend Comparison
QDVO's dividend yield for the trailing twelve months is around 10.34%, more than GOOGL's 0.29% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.29% | 0.27% | 0.32% |
QDVO Amplify CWP Growth & Income ETF | 10.34% | 9.92% | 2.79% |
Frequently Asked Questions
QDVO and GOOGL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (8.68%) compared to QDVO (3.78%). In terms of maximum drawdown, QDVO dropped -17.75% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.78 vs 1.93), 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.
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