QDVO vs SPY
Amplify CWP Growth & Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QDVO or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. QDVO led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 57.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QDVO | SPY |
|---|---|---|
| Expense Ratio | 0.56% | 0.09%Best |
| AUM | $787M | $823.2B |
| Dividend Yield | 11.44% | 0.99% |
| Holdings | 97 | 1,515 |
| YTD Return | +11.49% | +13.53%Best |
| 1Y Return | +14.59% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 13.3% | 12.1%Best |
| Max Drawdown | -18.6%Best | -18.8% |
| $10,000 over 2.1 years | $14,727Best | $14,098 |
| Top 10 Weight | 57.9% | 38.2%Best |
| Fund Family | Amplify ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 22, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 22, 2024 to Oct 14, 2026 (2.1 years).
QDVO vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
QDVO vs SPY Performance
Amplify CWP Growth & Income ETF (QDVO) is an ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QDVO returned +14.59% while SPY returned +17.47%. Year to date, QDVO is up 11.49% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QDVO has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 12.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.6% for QDVO and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QDVO charges 0.56% per year while SPY charges 0.09%. On a $10,000 position that is $56 vs $9 annually, a gap of $47 per year that compounds over a long holding period. On income, QDVO currently yields 11.44% against 0.99% for SPY.
Holdings Overlap
94.4% of QDVO's money is in holdings SPY also owns. 48.2% of SPY's money is in holdings QDVO also owns.
Most of QDVO is already inside SPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 40 positions we hold weights for in QDVO and 504 in SPY, against full books of 97 and 1,515.
What only one of them owns
Our book lists 462 positions for SPY that do not appear in our book for QDVO (50.9% of the fund), and 6 for QDVO that do not appear in SPY (6.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QDVO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.80% | 7.78% | 3.02% |
| AAPLApple, Inc | 9.01% | 7.45% | 1.56% |
| MSFTMicrosoft Corp | 6.00% | 5.71% | 0.29% |
| GOOGLAlphabet Inc | 8.14% | 3.12% | 5.02% |
| AMZNAmazon.Com Inc | 5.09% | 3.78% | 1.31% |
| METAMeta Platforms Inc | 3.95% | 2.22% | 1.73% |
| MUMicron Technology, Inc. | 4.53% | 1.59% | 2.94% |
| AVGOBroadcom Inc | 3.33% | 2.48% | 0.85% |
| AMDAdvanced Micro Devices Inc | 3.75% | 1.22% | 2.53% |
| LLYEli Lilly & Co. | 3.34% | 1.37% | 1.97% |
94.4% of QDVO is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QDVO or SPY?
QDVO has an expense ratio of 0.56% while SPY charges 0.09%. SPY is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, QDVO or SPY?
Over the past year QDVO returned +14.59% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QDVO annualized +20.24% vs +17.77% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QDVO or SPY?
QDVO has been the more volatile fund at 13.3% annualized versus 12.1% for SPY. Worst drawdown: QDVO -18.6% vs SPY -18.8%.
Should I hold both QDVO and SPY?
QDVO and SPY have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QDVO and SPY?
94.4% of QDVO's money is in holdings SPY also owns. 48.2% of SPY's is in holdings QDVO also owns. They hold 34 positions in common, counted across the 40 positions we hold weights for in QDVO and 504 in SPY.
Which pays a higher dividend, QDVO or SPY?
QDVO yields 11.44% while SPY yields 0.99%, so QDVO currently pays the higher dividend yield.
Is SPY better than QDVO?
SPY has a lower expense ratio. QDVO led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 57.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.