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QYLD vs. DIVO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QYLD vs. DIVO

Last updated Aug 4, 2026
Documentation

QYLD (Global X NASDAQ 100 Covered Call ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while DIVO is a Derivative Income fund actively managed by Amplify. QYLD is passively managed, while DIVO is actively managed. Over the past 5 years, QYLD returned 7.94%/yr vs 10.88%/yr for DIVO. Their 0.56 correlation means they have sometimes moved together and sometimes differently. QYLD charges 0.60%/yr vs 0.56%/yr for DIVO.

Performance

QYLD vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Covered Call ETF (QYLD) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with QYLD having a 8.73% return and DIVO slightly higher at 8.84%.

QYLD

1D
0.99%
1M
0.00%
6M
6.38%
YTD
8.73%
1Y
21.85%
3Y*
13.13%
5Y*
7.94%
10Y*
9.65%
ALL TIME*
8.64%

DIVO

1D
0.43%
1M
1.83%
6M
4.60%
YTD
8.84%
1Y
18.65%
3Y*
15.15%
5Y*
10.88%
10Y*
—
ALL TIME*
12.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DIVO

Amplify CWP Enhanced Dividend Income ETF
$39.53M$36.43M$38.60M

QYLD

Global X NASDAQ 100 Covered Call ETF
$81.92M$78.72M$98.91M

QYLD vs. DIVO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QYLD
Global X NASDAQ 100 Covered Call ETF		8.73%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%
DIVO
Amplify CWP Enhanced Dividend Income ETF		8.84%17.40%16.22%6.95%-1.46%22.87%12.40%24.90%-3.18%21.41%

Correlation

The correlation between QYLD and DIVO is 0.46, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.46

Correlation (3Y)
Balances recent behavior with more history.

0.51

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.60

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2016

0.56

The correlation between QYLD and DIVO shifts across timeframes, from 0.46 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

QYLD vs. DIVO - Sectors Allocation Comparison

Sectors
QYLD
DIVO

Technology

61.4%
17.4%

Communication Services

12.5%
1.0%

Consumer Cyclical

10.2%
11.4%

Consumer Defensive

6.7%
8.2%

Industrials

4.4%
16.7%

Healthcare

3.8%
8.2%

Utilities

1.3%
2.2%

Basic Materials

1.1%
4.5%

Energy

0.5%
7.2%

Financial Services

0.2%
23.2%

Real Estate

0.1%

-

Technology

QYLD
61.4%
DIVO
17.4%

Communication Services

QYLD
12.5%
DIVO
1.0%

Consumer Cyclical

QYLD
10.2%
DIVO
11.4%

Consumer Defensive

QYLD
6.7%
DIVO
8.2%

Industrials

QYLD
4.4%
DIVO
16.7%

Healthcare

QYLD
3.8%
DIVO
8.2%

Utilities

QYLD
1.3%
DIVO
2.2%

Basic Materials

QYLD
1.1%
DIVO
4.5%

Energy

QYLD
0.5%
DIVO
7.2%

Financial Services

QYLD
0.2%
DIVO
23.2%

Real Estate

QYLD
0.1%
DIVO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X NASDAQ 100 Covered Call ETF

Amplify CWP Enhanced Dividend Income ETF

Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG
Often compared with DIVO:
DIVO vs. JEPIDIVO vs. SCHDDIVO vs. QDVODIVO vs. JEPQDIVO vs. IDVODIVO vs. DGRODIVO vs. DIV

Return for Risk

QYLD vs. DIVO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QYLD
QYLD Risk / Return Rank: 8787
Overall Rank
QYLD Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 8383
Sortino Ratio Rank
QYLD Omega Ratio Rank: 8888
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8989
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9393
Martin Ratio Rank
DIVO
DIVO Risk / Return Rank: 8484
Overall Rank
DIVO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
DIVO Sortino Ratio Rank: 8787
Sortino Ratio Rank
DIVO Omega Ratio Rank: 8383
Omega Ratio Rank
DIVO Calmar Ratio Rank: 8383
Calmar Ratio Rank
DIVO Martin Ratio Rank: 8282
Martin Ratio Rank
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.

QYLD vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) 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.

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.

QYLDDIVODifference
Sharpe ratioReturn per unit of total volatility
1.95
2.02

-0.06

Sortino ratioReturn per unit of downside risk
2.78
2.98

-0.20

Omega ratioGain probability vs. loss probability

1.40

1.36

+0.04

Calmar ratioReturn relative to maximum drawdown

3.80

3.15

+0.65

Martin ratioReturn relative to average drawdown

17.57

11.15

+6.42

QYLD vs. DIVO - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 1.95, which is comparable to the DIVO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of QYLD and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QYLD vs. DIVO - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for QYLD and DIVO.

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Drawdown Indicators

QYLDDIVODifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-30.04%

+5.29%

Max Drawdown (1Y)

Largest decline over 1 year

-5.78%

-5.95%

+0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-12.12%

-6.94%

Max Drawdown (5Y)

Largest decline over 5 years

-24.61%

-13.72%

-10.89%

Max Drawdown (10Y)

Largest decline over 10 years

-24.75%

—

—

Current Drawdown

Current decline from peak

-2.00%

0.00%

-2.00%

Average Drawdown

Average peak-to-trough decline

-3.81%

-2.58%

-1.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.25%

1.68%

-0.43%

Volatility

QYLD vs. DIVO - Volatility Comparison

Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 5.17% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.57%. This indicates that QYLD'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.

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Volatility by Period

QYLDDIVODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.17%

2.57%

+2.60%

Volatility (6M)

Calculated over the trailing 6-month period

10.07%

7.23%

+2.84%

Volatility (1Y)

Calculated over the trailing 1-year period

11.26%

9.30%

+1.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.05%

11.92%

+3.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.64%

14.77%

+0.87%

QYLD vs. DIVO - Expense Ratio Comparison

QYLD has a 0.60% expense ratio, which is higher than DIVO's 0.56% expense ratio.

Dividends

QYLD vs. DIVO - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.78%, more than DIVO's 6.34% yield.

PositionTTM20252024202320222021202020192018201720162015
DIVO
Amplify CWP Enhanced Dividend Income ETF		6.34%6.44%4.70%4.67%4.76%4.79%4.91%8.16%5.27%3.83%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.78%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Frequently Asked Questions

QYLD and DIVO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QYLD has higher volatility (5.17%) compared to DIVO (2.57%). In terms of maximum drawdown, QYLD dropped -24.75% vs DIVO's -30.04%.

On 5-year performance, DIVO leads with 10.88% vs 7.94% for QYLD. On fees, DIVO is cheaper at 0.56% per year. On volatility, DIVO has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DIVO has performed better with a 10.88% return vs 7.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DIVO is cheaper with a 0.56% expense ratio, compared with 0.60% for QYLD.

QYLD has the higher dividend yield at 11.78%, compared with 6.34% for DIVO.

QYLD is categorized as Nasdaq-100, while DIVO is Derivative Income. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.60% for QYLD and 0.56% for DIVO.

DIVO currently has the higher Sharpe Ratio (2.02 vs 1.95), 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.

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