QYLD vs DIVO: returns, risk and drawdowns compared
Global X NASDAQ 100 Covered Call ETF against Amplify CWP Enhanced Dividend Income ETF, over the same 9 years (January 2017 to October 2026) with dividends reinvested.
Data updated October 2026
From January 2017 to October 2026, QYLD returned 9.8% a year and DIVO 12.7% a year on average, so DIVO came out ahead by 2.9% a year. DIVO was the more volatile of the two (12.5% against 11.5% a year), and the deepest falls from a month-end high were 22.7% for QYLD and 18.5% for DIVO.
The correlation of monthly returns was 0.73: they usually moved together. Over 83 rolling 3-year periods, QYLD did better in 10% and DIVO in 90%.
Side by side
| QYLD | DIVO | |
|---|---|---|
| Annual return (CAGR) | +9.8% | +12.7% |
| Total return | +152% | +225% |
| Annual volatility | 11.5% | 12.5% |
| Maximum drawdown (month-end) | −22.7% | −18.5% |
| Worst month | −9.0% | −9.1% |
| Best month | +10.0% | +12.8% |
| Positive months | 72% | 69% |
| Best year | 2023: +22.8% | 2019: +24.9% |
| Worst year | 2022: −19.1% | 2018: −3.2% |
| 1-year return | +20.5% | +15.3% |
| 5 years, a year | +8.5% | +11.0% |
| 10 years, a year | +9.9% | — |
| Trading currency | USD | USD |
First nine rows: the same 118 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: QYLD vs DIVO
Returns by calendar year
| Year | QYLD | DIVO |
|---|---|---|
| 2025 | +9.3% | +17.4% |
| 2024 | +19.4% | +16.2% |
| 2023 | +22.8% | +7.0% |
| 2022 | −19.1% | −1.5% |
| 2021 | +10.4% | +22.9% |
| 2020 | +8.7% | +12.4% |
| 2019 | +22.7% | +24.9% |
| 2018 | −3.1% | −3.2% |
| 2017 | +18.8% | +21.4% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, QYLD or DIVO?
From January 2017 to October 2026, QYLD returned +9.8% a year and DIVO +12.7% a year, with dividends reinvested. Over rolling 3-year periods QYLD did better in 10% of cases. Past returns do not predict future returns.
Which is riskier, QYLD or DIVO?
Over the same months annual volatility was 11.5% for QYLD and 12.5% for DIVO; the deepest fall from a month-end high was 22.7% and 18.5%, and the worst single month −9.0% and −9.1%.
How correlated are QYLD and DIVO?
The correlation of their monthly returns was 0.73: they usually moved together. Combining them has historically given some diversification.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.