ETF Comparison
DIVO vs CGDV: Which Is the Better Pick in 2026?
A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and Capital Group Dividend Value ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| DIVO | CGDV | |
|---|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF | Capital Group Dividend Value ETF |
| Issuer | Amplify ETFs | Capital Group |
| Price | $44.93 | $42.79 |
| Distribution yield | 4.90% | 1.24% |
| Expense ratio | 0.56% | 0.33% |
| AUM | $6.6B | $31.0B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | Basket (Amplify Advanced Dividend Income ETF holdings) | Actively managed basket of U.S. dividend-paying equities |
| Objective | Seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying U.S. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. | Actively managed portfolio seeking dividend-paying U.S. companies with attractive valuations. |
| Asset class | Equity | Equity |
| Inception date | 12/14/2016 | 02/22/2022 |
| Beta | 0.65 | 0.84 |
| Last dividend | $0.18 | $0.11 |
| Ex-dividend date | 03/30/2026 | 03/31/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
DIVO (Amplify CWP Enhanced Dividend Income ETF) and CGDV (Capital Group Dividend Value ETF) are both popular monthly-pay seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying u.s. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. ETFs, but they take different approaches.
DIVO offers the higher yield at 4.90% vs 1.24% for CGDV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
CGDV is cheaper with an expense ratio of 0.33% compared to 0.56%.
They track different benchmarks: DIVO is linked to Basket (Amplify Advanced Dividend Income ETF holdings) while CGDV tracks Actively managed basket of U.S. dividend-paying equities, which means their performance drivers differ.
CGDV is the larger fund by assets ($31.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, DIVO would generate roughly $40.83/month while CGDV would produce $10.33/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, DIVO would cost approximately $560 in fees vs $330 for CGDV (simplified, not compounded). The $230.00 difference may be offset by yield or performance.
Strategy & risk
DIVO tracks Basket (Amplify Advanced Dividend Income ETF holdings) with a seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying u.s. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. approach, while CGDV tracks Actively managed basket of U.S. dividend-paying equities using a actively managed portfolio seeking dividend-paying u.s. companies with attractive valuations. strategy. Beta is 0.65 for DIVO and 0.84 for CGDV, indicating DIVO is less volatile relative to the market.
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $6.6B in assets. CGDV is managed by Capital Group (launched 02/22/2022) with $31.0B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is DIVO or CGDV better for dividend income?
It depends on your goals. DIVO currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between DIVO and CGDV?
DIVO (Amplify CWP Enhanced Dividend Income ETF) tracks Basket (Amplify Advanced Dividend Income ETF holdings) with a seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying u.s. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. strategy, while CGDV (Capital Group Dividend Value ETF) tracks Actively managed basket of U.S. dividend-paying equities with a actively managed portfolio seeking dividend-paying u.s. companies with attractive valuations. approach. They are issued by Amplify ETFs and Capital Group respectively.
Can I hold both DIVO and CGDV?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, DIVO or CGDV?
DIVO has an expense ratio of 0.56% while CGDV charges 0.33%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DIVO vs CGDV generate?
At current yields, $10,000 in DIVO would generate roughly $40.83 per month ($490.00 annually). The same in CGDV would produce about $10.33 per month ($124.00 annually).
More comparisons to explore
People also compare DIVO with
Popular comparisons
Go deeper
Use the full ETF Comparator to add more funds, view radar charts, and generate AI reports.