QQQH vs. QDVO

Last updated Aug 2, 2026

QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - QQQH is a Nasdaq-100 fund actively managed by Neos, while QDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, QQQH returned 12.06% vs 15.95% for QDVO. Their correlation of 0.87 means they have usually moved in the same direction. QQQH charges 0.68%/yr vs 0.56%/yr for QDVO.

Performance

QQQH vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) 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, QQQH achieves a 3.93% return, which is significantly lower than QDVO's 6.27% return.

QQQH

• 1D: 0.33%
• 1M: -1.82%
• 6M: 3.13%
• YTD: 3.93%
• 1Y: 12.06%
• 3Y*: 16.82%
• 5Y*: 7.35%
• 10Y*: —
• ALL TIME*: 9.61%

QDVO

• 1D: 0.94%
• 1M: -1.24%
• 6M: 6.01%
• YTD: 6.27%
• 1Y: 15.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QDVO Amplify CWP Growth & Income ETF	$7.21M	$7.42M	$8.70M
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	$1.61M	$1.61M	$1.77M

QQQH vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	3.93%	14.17%	7.48%
QDVO Amplify CWP Growth & Income ETF	6.27%	20.16%	9.76%

Correlation

The correlation between QQQH and QDVO is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.87

The correlation between QQQH and QDVO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

QQQH vs. QDVO - Sectors Allocation Comparison

Sectors	QQQH	QDVO
Technology	57.9%	50.7%
Communication Services	11.8%	14.3%
Consumer Cyclical	9.8%	12.4%
Consumer Defensive	6.4%	6.5%
Industrials	4.0%	3.3%
Healthcare	3.6%	6.0%
Utilities	1.2%	0.5%
Basic Materials	1.0%	2.2%
Energy	0.5%	0.5%
Financial Services	0.2%	3.7%
Real Estate	0.1%	-

Return for Risk

QQQH vs. QDVO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQH

QQQH Risk / Return Rank: 40
QQQH Sharpe Ratio Rank: 37
QQQH Sortino Ratio Rank: 35
QQQH Omega Ratio Rank: 36
QQQH Calmar Ratio Rank: 43
QQQH Martin Ratio Rank: 49

QDVO

QDVO Risk / Return Rank: 43
QDVO Sharpe Ratio Rank: 44
QDVO Sortino Ratio Rank: 43
QDVO Omega Ratio Rank: 42
QDVO Calmar Ratio Rank: 40
QDVO Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQH vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) 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.

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.

	QQQH	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.08	-0.16
Sortino ratio: Return per unit of downside risk	1.32	1.57	-0.25
Omega ratio: Gain probability vs. loss probability	1.17	1.19	-0.02
Calmar ratio: Return relative to maximum drawdown	1.53	1.41	+0.12
Martin ratio: Return relative to average drawdown	5.63	4.98	+0.65

QQQH vs. QDVO - Sharpe Ratio Comparison

The current QQQH Sharpe Ratio is 0.93, which is comparable to the QDVO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of QQQH 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.

Drawdowns

QQQH vs. QDVO - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for QQQH and QDVO.

Drawdown Indicators

	QQQH	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-31.24%	-17.75%	-13.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-10.21%	+3.25%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.24%	—	—
Current Drawdown Current decline from peak	-3.71%	-4.12%	+0.41%
Average Drawdown Average peak-to-trough decline	-8.12%	-2.46%	-5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.88%	-0.99%

Volatility

QQQH vs. QDVO - Volatility Comparison

NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Amplify CWP Growth & Income ETF (QDVO) have volatilities of 4.02% and 4.17%, 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

	QQQH	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.17%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	10.30%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	13.25%	-1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	17.39%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	17.39%	-3.93%

QQQH vs. QDVO - Expense Ratio Comparison

QQQH has a 0.68% expense ratio, which is higher than QDVO's 0.56% expense ratio.

Dividends

QQQH vs. QDVO - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 9.18%, less than QDVO's 10.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QDVO Amplify CWP Growth & Income ETF	10.97%	9.92%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	9.18%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%

Frequently Asked Questions

Can I hold both QQQH and QDVO in my portfolio?

QQQH and QDVO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQH or QDVO?

QDVO has higher volatility (4.17%) compared to QQQH (4.02%). In terms of maximum drawdown, QQQH dropped -31.24% vs QDVO's -17.75%.

Which ETF is better, QQQH or QDVO?

On 1-year performance, QDVO leads with 15.95% vs 12.06% for QQQH. On fees, QDVO is cheaper at 0.56% per year. On volatility, QQQH has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQH or QDVO?

Over the 1-year period, QDVO has performed better with a 15.95% return vs 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQH or QDVO?

QDVO is cheaper with a 0.56% expense ratio, compared with 0.68% for QQQH.

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

QDVO has the higher dividend yield at 10.97%, compared with 9.18% for QQQH.

What is the main difference between QQQH and QDVO?

QQQH is categorized as Nasdaq-100, while QDVO is Derivative Income. They also come from different issuers: Neos and Amplify. Their fees differ too: 0.68% for QQQH and 0.56% for QDVO.

Which has better risk-adjusted returns?

QDVO currently has the higher Sharpe Ratio (1.08 vs 0.93), 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.