A head-to-head comparison of Capital Group Dividend Value ETF and Amplify CWP Enhanced Dividend Income ETF covering yield, cost, risk, and income potential.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
CGDV has outpaced DIVO over the trailing twelve months, posting a 17.51% total return against 12.22%. The lead holds up over 3 years too: CGDV has compounded at 24.94% a year, against 16.71% for DIVO. DIVO has been the steadier holding, though — annualized volatility of 10.8% against 13.7% for CGDV. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 2, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Feb 2022” measures every fund from February 24, 2022 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Actively managed basket of U.S. dividend-paying equities
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Objective
Actively managed portfolio seeking dividend-paying U.S. companies with attractive valuations.
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.
Bottom lineChoose CGDV if you want a quality-dividend tilt rather than the whole market. Choose DIVO if you want higher current income (4.85% vs 1.83% for CGDV).
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Capital Group is one of the largest ETF providers, known for offering diversified fund solutions across multiple asset classes and investment strategies. The company manages 291 ETFs organized across seven fund families including Allocation, American Funds, Bond, Dividend, Equity, International, and Municipal, enabling investors to build comprehensive portfolios from income-focused to growth-oriented strategies. Capital Group's broad lineup and established presence across equity, fixed income, and diversified allocation categories position it as a significant player serving both individual and institutional investors with varied investment objectives.
See our curated list of related YouTube videos on CGDV.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Amplify ETFs is known for offering specialized, thematic investment solutions across diverse market segments including digital assets, commodities, and dividend strategies. The issuer's lineup spans multiple fund families covering income-focused strategies, covered call approaches, commodity exposure, and thematic sectors such as cybersecurity, blockchain, gaming, and sustainable investing. Notable for tickers like BLOK (blockchain), HACK (cybersecurity), and DIVO (dividend), Amplify combines traditional income strategies with alternative themes and emerging asset classes, appealing to investors seeking both yield and exposure to innovation-driven sectors.
See our curated list of related YouTube videos on DIVO.
CGDV (Capital Group Dividend Value ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both dividend ETFs, but they take different approaches.
DIVO offers the higher yield at 4.85% vs 1.83% 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%.
CGDV is the larger fund by assets ($39.0B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose CGDV
Capital Group Dividend Value ETF
Want a quality-dividend tilt — screened payers rather than the broad index.
Want to keep costs low — a 0.33% expense ratio vs 0.56% for DIVO.
Choose DIVO
Amplify CWP Enhanced Dividend Income ETF
Want higher current income — DIVO yields 4.85% vs 1.83% for CGDV.
Want broad equity exposure.
Prefer lower volatility — a beta of 0.5 vs 0.8 for CGDV.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track CGDV & DIVO for free
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On a $10,000 investment, CGDV would generate roughly $45.75 cash per distribution, while DIVO would produce $40.42 cash per distribution, at current distribution rates.
CGDV yield1.83%
DIVO yield4.85%
Cash diff on $10K$5.33
Cost & efficiency
Over 10 years on $10,000, CGDV would cost approximately $330 in fees vs $560 for DIVO (simplified, not compounded). The $230.00 difference may be offset by yield or performance.
CGDV ER0.33%
DIVO ER0.56%
Strategy & risk
CGDV is actively managed around Actively managed basket of U.S. dividend-paying equities exposure with a dividend approach, while DIVO is an ETF built around a derivative overlay strategy. Beta is 0.83 for CGDV and 0.54 for DIVO, making DIVO the less volatile of the two by this measure.
CGDV beta0.83
DIVO beta0.54
Fund details
CGDV is managed by Capital Group (launched 02/22/2022) with $39.0B in assets. DIVO is managed by Amplify ETFs (launched 12/14/2016) with $7.86B in assets.
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Frequently asked questions
What is the current distribution rate for CGDV and DIVO?
CGDV currently distributes 1.83% and DIVO 4.85%, based on fund data updated October 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is CGDV or DIVO 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 CGDV and DIVO?
CGDV (Capital Group Dividend Value ETF) is actively managed around Actively managed basket of U.S. dividend-paying equities exposure with a dividend approach, while DIVO (Amplify CWP Enhanced Dividend Income ETF) is an ETF built around a derivative overlay strategy. They are issued by Capital Group and Amplify ETFs respectively.
Can I hold both CGDV and DIVO?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Is CGDV or DIVO safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — CGDV scores 99, DIVO scores 93, so CGDV's payout currently looks the more resilient of the two. DIVO has also shown lower price volatility (beta 0.54 vs 0.83 for CGDV). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
Which has lower fees, CGDV or DIVO?
CGDV has an expense ratio of 0.33% while DIVO charges 0.56%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in CGDV vs DIVO generate?
At current rates, $10,000 in CGDV would generate roughly $45.75 cash per distribution ($183.00 annually). The same in DIVO would produce about $40.42 cash per distribution ($485.00 annually).
Which has performed better historically, CGDV or DIVO?
CGDV has outpaced DIVO over the trailing twelve months, posting a 17.51% total return against 12.22%. The lead holds up over 3 years too: CGDV has compounded at 24.94% a year, against 16.71% for DIVO. DIVO has been the steadier holding, though — annualized volatility of 10.8% against 13.7% for CGDV. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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