QDVO vs. JEPQ

Last updated Jun 23, 2026

QDVO (Amplify CWP Growth & Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - QDVO is a Derivative Income fund actively managed by Amplify, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. QDVO is actively managed, while JEPQ is passively managed. Over the past year, QDVO returned 23.90% vs 29.42% for JEPQ. Their correlation of 0.89 suggests significant overlap in exposure. QDVO charges 0.56%/yr vs 0.35%/yr for JEPQ.

Performance

QDVO vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, QDVO achieves a 6.92% return, which is significantly lower than JEPQ's 10.59% return.

QDVO

• 1D: -0.84%
• 1M: -2.34%
• YTD: 6.92%
• 6M: 6.48%
• 1Y: 23.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.07%
• 1M: 2.89%
• YTD: 10.59%
• 6M: 10.22%
• 1Y: 29.42%
• 3Y*: 20.80%
• 5Y*: —
• 10Y*: —

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

QDVO vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDVO Amplify CWP Growth & Income ETF	6.92%	20.16%	9.76%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.59%	15.18%	9.43%

Correlation

The correlation between QDVO and JEPQ is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.89

The correlation between QDVO and JEPQ has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

QDVO vs. JEPQ - Sectors Allocation Comparison

Sectors	QDVO	JEPQ
Technology	50.4%	58.9%
Communication Services	15.4%	13.9%
Consumer Cyclical	12.9%	11.8%
Consumer Defensive	6.2%	6.0%
Healthcare	4.9%	3.9%
Financial Services	3.8%	0.3%
Industrials	2.9%	2.8%
Basic Materials	2.2%	0.9%
Energy	0.9%	0.3%
Utilities	0.4%	1.1%
Real Estate	-	0.2%

Return for Risk

QDVO vs. JEPQ — Risk / Return Rank

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

QDVO

QDVO Risk / Return Rank: 55
QDVO Sharpe Ratio Rank: 59
QDVO Sortino Ratio Rank: 56
QDVO Omega Ratio Rank: 57
QDVO Calmar Ratio Rank: 49
QDVO Martin Ratio Rank: 54

JEPQ

JEPQ Risk / Return Rank: 75
JEPQ Sharpe Ratio Rank: 75
JEPQ Sortino Ratio Rank: 70
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 82

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Growth & Income ETF (QDVO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.30	-0.40
Sortino ratio: Return per unit of downside risk	2.60	3.05	-0.45
Omega ratio: Gain probability vs. loss probability	1.34	1.46	-0.12
Calmar ratio: Return relative to maximum drawdown	2.35	3.35	-1.00
Martin ratio: Return relative to average drawdown	9.20	15.94	-6.74

QDVO vs. JEPQ - Sharpe Ratio Comparison

The current QDVO Sharpe Ratio is 1.90, which is comparable to the JEPQ Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of QDVO and JEPQ, 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. JEPQ - Drawdown Comparison

The maximum QDVO drawdown since its inception was -17.75%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for QDVO and JEPQ.

Drawdown Indicators

	QDVO	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-20.07%	+2.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-8.82%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-3.54%	0.00%	-3.54%
Average Drawdown Average peak-to-trough decline	-2.40%	-3.40%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	1.85%	+0.75%

Volatility

QDVO vs. JEPQ - Volatility Comparison

The current volatility for Amplify CWP Growth & Income ETF (QDVO) is 4.32%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.68%. This indicates that QDVO experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDVO	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	5.68%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	10.33%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.64%	12.85%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	16.75%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	16.75%	+0.78%

QDVO vs. JEPQ - Expense Ratio Comparison

QDVO has a 0.56% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

QDVO vs. JEPQ - Dividend Comparison

QDVO's dividend yield for the trailing twelve months is around 10.40%, more than JEPQ's 9.97% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.97%	10.53%	9.65%	10.03%	9.44%
QDVO Amplify CWP Growth & Income ETF	10.40%	9.92%	2.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QDVO and JEPQ in my portfolio?

QDVO and JEPQ have a correlation of 0.87, 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 JEPQ?

JEPQ has higher volatility (5.68%) compared to QDVO (4.32%). In terms of maximum drawdown, QDVO dropped -17.75% vs JEPQ's -20.07%.

Which ETF is better, QDVO or JEPQ?

On 1-year performance, JEPQ leads with 29.42% vs 23.90% for QDVO. On fees, JEPQ is cheaper at 0.35% per year. On volatility, QDVO has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDVO or JEPQ?

Over the 1-year period, JEPQ has performed better with a 29.42% return vs 23.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDVO or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.56% for QDVO.

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

QDVO has the higher dividend yield at 10.40%, compared with 9.97% for JEPQ.

What is the main difference between QDVO and JEPQ?

QDVO is categorized as Derivative Income, while JEPQ is Nasdaq-100. They also come from different issuers: Amplify and JPMorgan. Their fees differ too: 0.56% for QDVO and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.30 vs 1.90), 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.