QDVO ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Amplify CWP Growth & Income ETF invests in large-cap US growth stocks and adds monthly distributions through partial call option writing. It is an actively managed product that pursues both growth and income. Distributions, growth participation, and fees are the key points to check, comparing it with covered call ETF dividends is a useful selection criterion, and its trading ticker is QDVO.
SubscribeWhat Is the Amplify CWP Growth & Income ETF?
This is an actively managed growth and income ETF that invests in large-cap US growth stocks while selling call options on some holdings to add option premium income. It pursues both capital growth and monthly distributions.
It suits growth and income oriented investors who want to keep some of the upside of large-cap growth stocks while also receiving regular distribution income.
It is an ETF run with an active management approach by Amplify.
How Does the Amplify CWP Growth & Income ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | Active (does not track a benchmark) |
| Management Style | Active (partial covered call) |
| Rebalancing Frequency | As needed (options management) |
| Dividend Frequency | Monthly |
| Total Expense Ratio | 0.56% |
The fund invests in large-cap growth stocks selected based on earnings growth, cash flow, and relative performance, and applies a tactical covered call strategy by selling call options on only part of the portfolio. Because call options are not written on the entire portfolio, it keeps some upside participation while generating the source of monthly distributions from option premiums.
- A tactical approach that writes call options on only part of the portfolio
- A structure that aims for growth participation and income together
Amplify CWP Growth & Income ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $751.0M, and the total expense ratio is 0.56% per year.
It keeps more upside participation than a full covered call ETF, but because of option writing, its upside may be somewhat limited compared with a standard growth ETF.
Amplify CWP Growth & Income ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangePerformance varies with the movement of the underlying large-cap growth stocks and with market volatility. Higher volatility raises option premiums and increases the source of distributions, but in strong rallies, upside participation tends to be limited to the extent that call options are written.
Money tends to flow into tactical covered call ETFs during periods of strong demand for both growth and income, while in strong growth-stock markets, capital that prioritizes upside participation sometimes shifts to standard growth ETFs.
Amplify CWP Growth & Income ETF Pros and Cons
Its strength is that it pursues growth participation and monthly distributions together, while partially limited upside and the fee burden are its drawbacks.
💪 Key Strengths
⚠️ Points to Watch
Amplify CWP Growth & Income ETF Alternative ETFs and Related Products
VUG, IWF, SCHG, and others shown in the table are passive growth ETFs that invest in large-cap growth stocks at low fees without call options. Tactical covered call products from the same issuer include DIVO, which is based on dividend stocks, and IDVO, which is based on international equities, and you can also compare covered call income products such as JEPQ, which is based on the Nasdaq 100. These differ in underlying assets, option weighting, and distribution level, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VUG | Vanguard Morningstar Growth ETF | $84.03 | -1.2% | $220.8B | 0.03% | 0.41% | +1.1% |
 IWF | iShares Russell 1000 Growth ETF | $116.22 | -1.2% | $120.4B | 0.18% | 0.37% | -4.3% |
 IVW | iShares S&P 500 Growth ETF | $133.05 | -1.1% | $74.4B | 0.18% | 0.36% | +6.6% |
 SCHG | Schwab U.S. Large-Cap Growth ETF | $33.98 | -1.0% | $61.7B | 0.04% | 0.41% | +1.8% |
 SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | $115.21 | -1.0% | $54.0B | 0.04% | 0.51% | +6.6% |
Amplify CWP Growth & Income ETF Investor Checkpoints
Here are the points to review before investing in QDVO. As a tactical covered call ETF, it is important to check distribution sustainability, the degree of upside participation, the fee level, and the option management approach in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Cumulative impact of active option management fees | Somewhat high |
| 💰 Distribution Level | Possibility of distribution changes depending on the option environment | May vary |
| 📈 Upside Participation | Degree of upside participation given partial call options | Partly retained |
| 📉 Growth Stock Volatility | Check volatility based on large-cap growth stocks | Needs review |
Upside participation in bull markets is limited to the extent that call options are written, and the distribution level may change depending on the option environment. In down markets, the fund bears the full downside risk of large-cap growth stocks.
It is a tactical covered call ETF suited to growth and income oriented investors who want to keep some upside participation in large-cap growth stocks while also receiving regular distributions. If upside participation is the priority, a standard growth ETF may be the better alternative, and if income is the priority, QDVO can be the alternative.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
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