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QDVOAmplify CWP Growth & Income ETF

Get income1y track recordRanked #584 of 1,622 in this goal

Seeks capital appreciation as primary objective and high current income as secondary objective.

By Amplify ETFs · Launched 2024

Annual Cost

0.56%

#2,867 of 5,562 · average

Fund Size

$731M

#1,296 of 5,562 · large

Dividend YieldGoal

0.25%

Track Record

1 year

#3,755 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,411+24.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 9 holdings = 59.9% of fundmoderately concentrated

NVIDIA CorpNVDA
10.5%
Apple IncAAPL
10.1%
Alphabet Inc Class AGOOGL
8.9%
Microsoft CorpMSFT
8.1%
Amazon.com IncAMZN
6.8%
Broadcom IncAVGO
4.8%
Tesla IncTSLA
4.2%
Meta Platforms Inc Class AMETA
3.4%
Advanced Micro Devices IncAMD
3.1%

Asset allocation

Stocks
93.2%
Cash
6.1%
Other
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.6%Moderate

Year-on-year price swings

Max drawdown
-17.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks capital appreciation as primary objective and high current income as secondary objective.
Strategy
Invests primarily in sectors such as communication services, consumer discretionary, and information technology. Classified as a non-diversified company under the Investment Company Act.
Inception date
August 21, 2024
Fund family
Amplify ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19