QDVO vs. TDAQ

Last updated Apr 1, 2026

Compare and contrast key facts about Amplify CWP Growth & Income ETF (QDVO) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ).

QDVO and TDAQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDVO is an actively managed fund by Amplify. It was launched on Aug 22, 2024. TDAQ is an actively managed fund by TappAlpha. It was launched on Sep 4, 2025.

Performance

QDVO vs. TDAQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Growth & Income ETF (QDVO) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). The values are adjusted to include any dividend payments, if applicable.

QDVO vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)	2025
QDVO Amplify CWP Growth & Income ETF	-5.75%	5.08%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	-5.75%	8.90%

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with QDVO at -5.75% and TDAQ at -5.75%.

QDVO

• 1D: 3.02%
• 1M: -3.55%
• YTD: -5.75%
• 6M: -3.27%
• 1Y: 20.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDAQ

• 1D: 3.47%
• 1M: -5.19%
• YTD: -5.75%
• 6M: -2.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDVO vs. TDAQ - Expense Ratio Comparison

QDVO has a 0.55% expense ratio, which is lower than TDAQ's 0.68% expense ratio.

TDAQ

TappAlpha Innovation 100 Growth & Daily Income ETF

QDVO

Amplify CWP Growth & Income ETF

Return for Risk

QDVO vs. TDAQ — Risk / Return Rank

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

QDVO

QDVO Risk / Return Rank: 74
QDVO Sharpe Ratio Rank: 67
QDVO Sortino Ratio Rank: 74
QDVO Omega Ratio Rank: 72
QDVO Calmar Ratio Rank: 80
QDVO Martin Ratio Rank: 78

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. TDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Growth & Income ETF (QDVO) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). 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	TDAQ	Difference
Sharpe ratio Return per unit of total volatility	1.12	—	—
Sortino ratio Return per unit of downside risk	1.77	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	2.07	—	—
Martin ratio Return relative to average drawdown	7.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QDVO	TDAQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.27	+0.62

Correlation

The correlation between QDVO and TDAQ is 0.89, 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.

Dividends

QDVO vs. TDAQ - Dividend Comparison

QDVO's dividend yield for the trailing twelve months is around 11.26%, more than TDAQ's 9.40% yield.

	TTM	2025	2024
QDVO Amplify CWP Growth & Income ETF	11.26%	9.92%	2.79%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	9.40%	4.32%	0.00%

Drawdowns

QDVO vs. TDAQ - Drawdown Comparison

The maximum QDVO drawdown since its inception was -17.75%, which is greater than TDAQ's maximum drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for QDVO and TDAQ.

Drawdown Indicators

	QDVO	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-11.31%	-6.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	—	—
Current Drawdown Current decline from peak	-7.50%	-8.23%	+0.73%
Average Drawdown Average peak-to-trough decline	-2.50%	-2.58%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	—	—

Volatility

Volatility by Period

	QDVO	TDAQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	17.55%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	17.55%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	17.55%	+0.47%