SPYC vs. QDVO

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify US Equity PLUS Convexity ETF (SPYC) and Amplify CWP Growth & Income ETF (QDVO).

SPYC and QDVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYC is an actively managed fund by Simplify. It was launched on Sep 3, 2020. QDVO is an actively managed fund by Amplify. It was launched on Aug 22, 2024.

Performance

SPYC vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity PLUS Convexity ETF (SPYC) and Amplify CWP Growth & Income ETF (QDVO). The values are adjusted to include any dividend payments, if applicable.

SPYC vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPYC Simplify US Equity PLUS Convexity ETF	-7.42%	15.31%	2.79%
QDVO Amplify CWP Growth & Income ETF	-5.75%	20.16%	11.80%

Returns By Period

In the year-to-date period, SPYC achieves a -7.42% return, which is significantly lower than QDVO's -5.75% return.

SPYC

• 1D: 2.25%
• 1M: -5.96%
• YTD: -7.42%
• 6M: -7.45%
• 1Y: 15.71%
• 3Y*: 15.02%
• 5Y*: 7.96%
• 10Y*: —

QDVO

• 1D: 3.02%
• 1M: -3.55%
• YTD: -5.75%
• 6M: -3.27%
• 1Y: 20.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPYC vs. QDVO - Expense Ratio Comparison

SPYC has a 0.28% expense ratio, which is lower than QDVO's 0.55% expense ratio.

QDVO

Amplify CWP Growth & Income ETF

SPYC

Simplify US Equity PLUS Convexity ETF

Return for Risk

SPYC vs. QDVO — Risk / Return Rank

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

SPYC

SPYC Risk / Return Rank: 42
SPYC Sharpe Ratio Rank: 33
SPYC Sortino Ratio Rank: 47
SPYC Omega Ratio Rank: 42
SPYC Calmar Ratio Rank: 49
SPYC Martin Ratio Rank: 41

QDVO

QDVO Risk / Return Rank: 74
QDVO Sharpe Ratio Rank: 67
QDVO Sortino Ratio Rank: 74
QDVO Omega Ratio Rank: 72
QDVO Calmar Ratio Rank: 80
QDVO Martin Ratio Rank: 78

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.

SPYC vs. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Convexity ETF (SPYC) 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.

	SPYC	QDVO	Difference
Sharpe ratio Return per unit of total volatility	0.58	1.12	-0.54
Sortino ratio Return per unit of downside risk	1.23	1.77	-0.54
Omega ratio Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio Return relative to maximum drawdown	1.21	2.07	-0.86
Martin ratio Return relative to average drawdown	3.74	7.80	-4.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYC vs. QDVO - Sharpe Ratio Comparison

The current SPYC Sharpe Ratio is 0.58, which is lower than the QDVO Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of SPYC and QDVO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPYC	QDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.12	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.89	-0.38

Correlation

The correlation between SPYC and QDVO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPYC vs. QDVO - Dividend Comparison

SPYC's dividend yield for the trailing twelve months is around 1.01%, less than QDVO's 11.26% yield.

	TTM	2025	2024	2023	2022	2021	2020
SPYC Simplify US Equity PLUS Convexity ETF	1.01%	0.89%	1.02%	1.76%	1.34%	1.01%	0.40%
QDVO Amplify CWP Growth & Income ETF	11.26%	9.92%	2.79%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SPYC vs. QDVO - Drawdown Comparison

The maximum SPYC drawdown since its inception was -28.51%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for SPYC and QDVO.

Drawdown Indicators

	SPYC	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-28.51%	-17.75%	-10.76%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	-10.24%	-3.23%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	—	—
Current Drawdown Current decline from peak	-11.52%	-7.50%	-4.02%
Average Drawdown Average peak-to-trough decline	-8.40%	-2.50%	-5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	2.71%	+1.65%

Volatility

SPYC vs. QDVO - Volatility Comparison

The current volatility for Simplify US Equity PLUS Convexity ETF (SPYC) is 3.98%, while Amplify CWP Growth & Income ETF (QDVO) has a volatility of 5.31%. This indicates that SPYC experiences smaller price fluctuations and is considered to be less risky than QDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYC	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	5.31%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	9.74%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	26.98%	18.60%	+8.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.05%	18.02%	+2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	18.02%	+1.79%