QQEW vs. DIVO
Compare and contrast key facts about First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
QQEW and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQEW is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Apr 19, 2006. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQEW or DIVO.
Key characteristics
| QQEW | DIVO | |
|---|---|---|
| YTD Return | 6.71% | 14.66% |
| 1Y Return | 20.97% | 20.98% |
| 3Y Return (Ann) | 1.94% | 7.52% |
| 5Y Return (Ann) | 12.96% | 11.66% |
| Sharpe Ratio | 1.58 | 2.54 |
| Sortino Ratio | 2.23 | 3.59 |
| Omega Ratio | 1.28 | 1.46 |
| Calmar Ratio | 1.65 | 3.91 |
| Martin Ratio | 7.75 | 15.83 |
| Ulcer Index | 2.97% | 1.35% |
| Daily Std Dev | 14.56% | 8.42% |
| Max Drawdown | -58.16% | -30.04% |
| Current Drawdown | -3.08% | -3.34% |
Correlation
The correlation between QQEW and DIVO is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQEW vs. DIVO - Performance Comparison
In the year-to-date period, QQEW achieves a 6.71% return, which is significantly lower than DIVO's 14.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQEW vs. DIVO - Expense Ratio Comparison
QQEW has a 0.58% expense ratio, which is higher than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
QQEW vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.
Dividends
QQEW vs. DIVO - Dividend Comparison
QQEW's dividend yield for the trailing twelve months is around 0.72%, less than DIVO's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 0.72% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.61% | 1.05% | 0.46% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.60% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQEW vs. DIVO - Drawdown Comparison
The maximum QQEW drawdown since its inception was -58.16%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for QQEW and DIVO. For additional features, visit the drawdowns tool.
Volatility
QQEW vs. DIVO - Volatility Comparison
First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) has a higher volatility of 3.71% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.47%. This indicates that QQEW's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.