QLDY vs. QDVO

Last updated Jun 4, 2026

QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - QLDY is a Nasdaq-100 fund actively managed by Defiance, while QDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. QLDY charges 1.04%/yr vs 0.56%/yr for QDVO.

Performance

QLDY vs. QDVO - Performance Comparison

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

Returns By Period

In the year-to-date period, QLDY achieves a 19.28% return, which is significantly higher than QDVO's 9.80% return.

QLDY

• 1D: 0.03%
• 1M: 11.63%
• YTD: 19.28%
• 6M: 16.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDVO

• 1D: -0.55%
• 1M: 4.45%
• YTD: 9.80%
• 6M: 9.65%
• 1Y: 27.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLDY vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025
QLDY Defiance Nasdaq 100 LightningSpread Income ETF	19.28%	1.50%
QDVO Amplify CWP Growth & Income ETF	9.80%	3.24%

Correlation

The correlation between QLDY and QDVO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025	0.90

Return for Risk

QLDY vs. QDVO — Risk / Return Rank

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

QDVO

QDVO Risk / Return Rank: 62
QDVO Sharpe Ratio Rank: 66
QDVO Sortino Ratio Rank: 65
QDVO Omega Ratio Rank: 64
QDVO Calmar Ratio Rank: 53
QDVO Martin Ratio Rank: 60

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.

QLDY vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and Amplify CWP Growth & Income ETF (QDVO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QLDY	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	1.41	+0.19

Drawdowns

QLDY vs. QDVO - Drawdown Comparison

The maximum QLDY drawdown since its inception was -17.44%, roughly equal to the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for QLDY and QDVO.

Drawdown Indicators

	QLDY	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-17.75%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.21%	—
Current Drawdown Current decline from peak	0.00%	-0.94%	+0.94%
Average Drawdown Average peak-to-trough decline	-4.25%	-2.37%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.51%	—

Volatility

Volatility by Period

	QLDY	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.57%	12.22%	+7.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.57%	17.44%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	17.44%	+2.13%

QLDY vs. QDVO - Expense Ratio Comparison

QLDY has a 1.04% expense ratio, which is higher than QDVO's 0.56% expense ratio.

Dividends

QLDY vs. QDVO - Dividend Comparison

QLDY's dividend yield for the trailing twelve months is around 21.47%, more than QDVO's 10.12% yield.

Position	TTM	2025	2024
QDVO Amplify CWP Growth & Income ETF	10.12%	9.92%	2.79%
QLDY Defiance Nasdaq 100 LightningSpread Income ETF	21.47%	9.34%	0.00%

Frequently Asked Questions

Can I hold both QLDY and QDVO in my portfolio?

With a correlation of 0.90, QLDY and QDVO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QLDY or QDVO?

On fees, QDVO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QLDY or QDVO?

QDVO is cheaper with a 0.56% expense ratio, compared with 1.04% for QLDY.

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

QLDY has the higher dividend yield at 21.47%, compared with 10.12% for QDVO.

What is the main difference between QLDY and QDVO?

QLDY is categorized as Nasdaq-100, while QDVO is Derivative Income. They also come from different issuers: Defiance and Amplify. Their fees differ too: 1.04% for QLDY and 0.56% for QDVO.