QQA vs. QDVO

Last updated Jun 4, 2026

QQA (Invesco QQQ Income Advantage ETF) and QDVO (Amplify CWP Growth & Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QQA returned 32.22% vs 27.43% for QDVO. Their correlation of 0.87 suggests significant overlap in exposure. QQA charges 0.29%/yr vs 0.55%/yr for QDVO.

Performance

QQA vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) 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, QQA achieves a 14.57% return, which is significantly higher than QDVO's 9.80% return.

QQA

• 1D: -0.10%
• 1M: 7.03%
• YTD: 14.57%
• 6M: 14.20%
• 1Y: 32.22%
• 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)

QQA vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQA Invesco QQQ Income Advantage ETF	14.57%	17.24%	8.86%
QDVO Amplify CWP Growth & Income ETF	9.80%	20.16%	11.80%

Correlation

The correlation between QQA and QDVO is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.87

The correlation between QQA and QDVO has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

QQA vs. QDVO - Sectors Allocation Comparison

Sectors	QQA	QDVO
Technology	53.8%	50.6%
Communication Services	15.8%	16.8%
Consumer Cyclical	12.3%	12.5%
Consumer Defensive	7.7%	6.3%
Healthcare	4.2%	4.6%
Industrials	2.8%	1.7%
Utilities	1.4%	0.7%
Basic Materials	1.1%	1.8%
Energy	0.6%	0.8%
Financial Services	0.2%	4.1%
Real Estate	0.1%	-

Return for Risk

QQA vs. QDVO — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 77
QQA Sharpe Ratio Rank: 77
QQA Sortino Ratio Rank: 75
QQA Omega Ratio Rank: 76
QQA Calmar Ratio Rank: 73
QQA Martin Ratio Rank: 81

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.

QQA vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) 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.

	QQA	QDVO	Difference
Sharpe ratio Return per unit of total volatility	2.57	2.26	+0.32
Sortino ratio Return per unit of downside risk	3.47	3.10	+0.37
Omega ratio Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio Return relative to maximum drawdown	3.70	2.70	+1.00
Martin ratio Return relative to average drawdown	16.59	10.98	+5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQA vs. QDVO - Sharpe Ratio Comparison

The current QQA Sharpe Ratio is 2.57, which is comparable to the QDVO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of QQA and QDVO, 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

	QQA	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.26	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.41	-0.24

Drawdowns

QQA vs. QDVO - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for QQA and QDVO.

Drawdown Indicators

	QQA	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-17.75%	-1.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-10.21%	+1.45%
Current Drawdown Current decline from peak	-0.10%	-0.94%	+0.84%
Average Drawdown Average peak-to-trough decline	-2.44%	-2.37%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.51%	-0.56%

Volatility

QQA vs. QDVO - Volatility Comparison

Invesco QQQ Income Advantage ETF (QQA) and Amplify CWP Growth & Income ETF (QDVO) have volatilities of 2.91% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQA	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	2.89%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	8.87%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	12.22%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	17.44%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	17.44%	+0.83%

QQA vs. QDVO - Expense Ratio Comparison

QQA has a 0.29% expense ratio, which is lower than QDVO's 0.55% expense ratio.

Dividends

QQA vs. QDVO - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.29%, less than QDVO's 10.12% yield.

Position	TTM	2025	2024
QDVO Amplify CWP Growth & Income ETF	10.12%	9.92%	2.79%
QQA Invesco QQQ Income Advantage ETF	9.29%	9.78%	4.29%

Frequently Asked Questions

Can I hold both QQA and QDVO in my portfolio?

QQA and QDVO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQA or QDVO?

QQA has higher volatility (2.91%) compared to QDVO (2.89%). In terms of maximum drawdown, QQA dropped -19.73% vs QDVO's -17.75%.

Which ETF is better, QQA or QDVO?

On 1-year performance, QQA leads with 32.22% vs 27.43% for QDVO. On fees, QQA is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQA or QDVO?

Over the 1-year period, QQA has performed better with a 32.22% return vs 27.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQA or QDVO?

QQA is cheaper with a 0.29% expense ratio, compared with 0.55% for QDVO.

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

QDVO has the higher dividend yield at 10.12%, compared with 9.29% for QQA.

What is the main difference between QQA and QDVO?

They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.29% for QQA and 0.55% for QDVO.

Which has better risk-adjusted returns?

QQA currently has the higher Sharpe Ratio (2.57 vs 2.26), 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.