QDVO: CWP Growth & Income ETF
ETF Education Report: CWP Growth & Income ETF (QDVO)
What this ETF is trying to do
The CWP Growth & Income ETF (ticker: QDVO) is an exchange-traded fund listed on the NYSE. Based on its name and holdings, it aims to provide a mix of growth and income. It holds a variety of companies across different industries.
Top Holdings
This report includes a partial list of the fund's largest holdings. Please note that holdings can change over time. As of the latest update, the top holdings include:
• NVIDIA CORP (10.47%)
• APPLE INC (8.51%)
• ALPHABET INC CLASS A (8.28%)
• MICROSOFT CORP (6.01%)
• AMAZON.COM INC (5.39%)
• MICRON TECHNOLOGY INC (4.01%)
• TESLA INC (3.72%)
• BROADCOM INC (3.64%)
• ELI LILLY AND CO (3.40%)
• META PLATFORMS INC CLASS A (3.15%)
What the numbers show
It is important to understand the difference between "price return" and "total return." Price return only tracks how much the share price moves. Total return includes both the price change and the money paid out through distributions.
• Year-to-Date (YTD): The price return is approximately 2.96%, while the total return is approximately 10.63%.
• One-Year: The price return is approximately 2.47%, while the total return is approximately 14.22%.
To visualize this, the estimated price from roughly one year ago was $29.16. The current price is $29.88.
Income and distribution explanation
This ETF has a distribution yield of approximately 10.58%. This number describes the cash distributions relative to the ETF price. The fund usually pays out money monthly, with 12 payments recorded over the last year.
While a high distribution yield provides cash income, it is not the same as total return. Investors should remember that receiving regular cash payments does not guarantee that the value of their original investment will stay the same.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be a sign of erosion, they are not always the same thing.
For this ETF, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The fund shows a significant difference between price return and total return, meaning distributions contribute heavily to the overall performance.
• The erosion-risk score suggests a stable trend.
Cons
• High distribution yields can sometimes be misleading if the share price is not also growing.
• The total return data for the last three years was not supplied.
Beginner takeaway
When looking at QDVO, it is helpful to look at both the share price and the distributions. The total return figures show that much of the fund's performance comes from the cash it pays out, rather than just the change in the stock price. Always remember that high yields are just one part of an ETF's overall story.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 10.98% |
| 2 | APPLE INC | AAPL | 8.93% |
| 3 | ALPHABET INC CLASS A | GOOGL | 8.21% |
| 4 | MICROSOFT CORP | MSFT | 6.07% |
| 5 | AMAZON.COM INC | AMZN | 5.15% |
| 6 | MICRON TECHNOLOGY INC | MU | 4.23% |
| 7 | META PLATFORMS INC CLASS A | META | 3.94% |
| 8 | ADVANCED MICRO DEVICES INC | AMD | 3.88% |
| 9 | BROADCOM INC | AVGO | 3.57% |
| 10 | ELI LILLY AND CO | LLY | 3.29% |