# QDVO Bid-Ask Spread, Liquidity and NAV Premium

> As of Nov 12, 2026, QDVO’s median bid-ask spread over 30 days was 0.17%. A $10,000 order costs about $8.50 one way.

Data as of Nov 12, 2026. Rebuilt every trading night.

As of Nov 12, 2026. Rebuilt every trading night.

## QDVO bid-ask spread and liquidity

As of Nov 12, 2026, QDVO’s median bid-ask spread over 30 days was 0.17%.

### IQ Liquidity Score

Not scored, 3 of 6 measured.

A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built

Cost to trade, 53.5 0.17% median spread, 30 days to Nov 12, 2026 Capacity, 6.2 Holdings can absorb $1.5m a day, Nov 11, 2026 Price fidelity Not measured: 18 days of closing premium are held, under the 20 needed Primary market, 65.0 3 active dealers of 3; largest 50% of creations and redemptions, N-CEN to Sep 30, 2024 Bad-day behaviour Not measured: 1 of the 10 worst days and 17 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2)

### Cost for your order

| Order | Dollars | Percent | Basis |
| --- | --- | --- | --- |
| $1,000 | $0.85 | 0.085% | spread |
| $10,000 | $8.50 | 0.085% | spread |
| $100,000 | $322 | 0.32% | estimate |
| $1,000,000 | $8,329 | 0.83% | estimate |

### Premium or discount to NAV

- Latest close, Nov 12, 2026: −0.14%

- 95% of days within: ±0.24%

- Days more than 1% from NAV: 0 of 18

- Widest: +0.24%, Oct 28, 2026

Close against the NAV its issuer struck the same day, 18 days from Oct 9, 2026 to Nov 12, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Its holdings can absorb $1.5m a day, measured on its own holdings, as of Nov 11, 2026. The holding that sets the limit is Amplify Samsung SOFR ETF (SOFR), 2.63% of the fund.

### Dealers

3 active of 3 authorized participants; the largest did 50% of creations and redemptions, in the year to Sep 30, 2024 (Form N-CEN filed Dec 11, 2024).

The active authorized participants, largest first, by share of the dollars created and redeemed: Jane Street Capital, LLC (50.2%), Goldman Sachs & Co. LLC (31.2%), Merrill Lynch Professional Clearing Corp. (18.6%).

### How to trade QDVO

Order type Limit: midpoint + 3¢ to buy, midpoint − 3¢ to sell. At the Nov 12 close of $28.44, that’s $28.47 to buy and $28.41 to sell. When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. Size Up to $15,295 is 1% of what its holdings can absorb in a day, for a buy or a sell. Watch The premium. On 95% of days it is within ±0.24%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.

### What retail orders paid

In Sep 2026, retail market orders in QDVO paid $1.97 one way on $10,000, against $6.34 at the quote. 90% of shares filled better than the quote.

| Orders | One way on $10,000 |
| --- | --- |
| All wholesalers read | $1.97 |
| Vanguard customers | −$0.71 |
| Fidelity customers | $0.42 |
| Schwab customers | $2.33 |
| Robinhood customers | $4.17 |

| Month | One way on $10,000 |
| --- | --- |
| Aug 2025 (old format) | $2.70 |
| Sep 2025 (old format) | $1.22 |
| Oct 2025 (old format) | $1.35 |
| Nov 2025 (old format) | $1.33 |
| Dec 2025 (old format) | $1.06 |
| Jan 2026 (old format) | $0.80 |
| Feb 2026 (old format) | $2.03 |
| Mar 2026 (old format) | $2.20 |
| Apr 2026 (old format) | $1.41 |
| May 2026 (old format) | $1.01 |
| Jun 2026 (old format) | $1.00 |
| Jul 2026 (old format) | $2.22 |
| Aug 2026 | $1.48 |
| Sep 2026 | $1.97 |

QDVO ranked 1048th of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.0059% of the market-order dollars in 4 retail brokers’ reports. Retail activity ranking

### Where it trades

In Q2 2026, 76% of QDVO’s shares traded off exchange on the median day. Odd lots, under 100 shares, were 14.8% of its exchange volume.

### Coming with trade data

Spread through the day, buyers against sellers, large trades and the closing auction’s share, each once ETFIQ has trade and quote data.

### Questions people ask

What is QDVO’s bid-ask spread? 0.17% of the midpoint, the median over the 30 days to Nov 12, 2026, as its issuer states it. Half of it is about 3¢ a share at the Nov 12 close. Does QDVO trade at a premium or discount to NAV? It closed −0.14% from its NAV on Nov 12, 2026. On 95% of the 18 days to then it was within ±0.24%, and it closed more than 1% from NAV on 0 of them. Who is the AP for QDVO? QDVO’s latest Form N-CEN, for the period ending Sep 30, 2024, lists 3 authorized participants (APs), and 3 created or redeemed shares. The largest were Jane Street Capital, LLC (50.2%), Goldman Sachs & Co. LLC (31.2%), Merrill Lynch Professional Clearing Corp. (18.6%) of the dollars its APs created and redeemed. Who is the LMM for QDVO? QDVO’s lead market maker (LMM) on NYSE Arca is Citadel Securities LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026. What does it cost to trade $10,000 of QDVO? About $8.50 one way, 0.085%: half its 30-day median spread. In and out costs twice that. How do I place a limit order for QDVO? Set the limit at the midpoint + 3¢ to buy, or the midpoint − 3¢ to sell, in your broker’s quote. At the Nov 12 close of $28.44, that’s $28.47 to buy and $28.41 to sell.

### Sources and dates

- Spread: Amplify (fund page), 30 days to Nov 12, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Oct 9, 2026 to Nov 12, 2026.

- Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Nov 11, 2026.

- Dealers: Form N-CEN, the year to Sep 30, 2024, accession 0001145549-24-078539.

- Retail orders: SEC Rule 605 reports, Sep 2026, from Charles Schwab, G1 Execution Services, Fidelity Brokerage Services, Robinhood, HRT Financial, Jane Street Capital, Vanguard. Computed by ETFIQ. Citadel Securities refused ETFIQ’s request, so its orders are not counted.

- Where it trades: SEC MIDAS, Q2 2026, against the fund’s daily volume from Tiingo.

### Where to next

The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, QDVO trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/qdvo/trading/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/qdvo/trading/