ETF Comparison
DIVO vs DGRW: Which Is the Better Pick in 2026?
A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and WisdomTree U.S. Quality Dividend Growth Fund covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| DIVO | DGRW | |
|---|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF | WisdomTree U.S. Quality Dividend Growth Fund |
| Issuer | Amplify ETFs | WisdomTree |
| Price | $44.93 | $88.09 |
| Distribution yield | 4.90% | 1.34% |
| Expense ratio | 0.56% | 0.28% |
| AUM | $6.6B | $16.2B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Basket (Amplify Advanced Dividend Income ETF holdings) | Basket (WisdomTree U.S. Dividend Growth Fund stocks) |
| 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. | Seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index, a fundamentally weighted index of dividend-paying U.S. common stocks with growth characteristics. |
| Asset class | Equity | Equity |
| Inception date | 12/14/2016 | 05/22/2013 |
| Beta | 0.65 | 0.87 |
| Last dividend | $0.18 | $0.17 |
| Ex-dividend date | 03/30/2026 | 03/26/2026 |
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 DGRW (WisdomTree U.S. Quality Dividend Growth Fund) 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 1.34% for DGRW. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
DGRW is cheaper with an expense ratio of 0.28% compared to 0.56%.
They track different benchmarks: DIVO is linked to Basket (Amplify Advanced Dividend Income ETF holdings) while DGRW tracks Basket (WisdomTree U.S. Dividend Growth Fund stocks), which means their performance drivers differ.
DGRW is the larger fund by assets ($16.2B), 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 DGRW would produce $11.17/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 $280 for DGRW (simplified, not compounded). The $280.00 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 DGRW tracks Basket (WisdomTree U.S. Dividend Growth Fund stocks) using a seeks to track the price and yield performance, before fees and expenses, of the wisdomtree u.s. quality dividend growth index, a fundamentally weighted index of dividend-paying u.s. common stocks with growth characteristics. strategy. Beta is 0.65 for DIVO and 0.87 for DGRW, 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. DGRW is managed by WisdomTree (launched 05/22/2013) with $16.2B 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 DGRW 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 DGRW?
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 DGRW (WisdomTree U.S. Quality Dividend Growth Fund) tracks Basket (WisdomTree U.S. Dividend Growth Fund stocks) with a seeks to track the price and yield performance, before fees and expenses, of the wisdomtree u.s. quality dividend growth index, a fundamentally weighted index of dividend-paying u.s. common stocks with growth characteristics. approach. They are issued by Amplify ETFs and WisdomTree respectively.
Can I hold both DIVO and DGRW?
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 DGRW?
DIVO has an expense ratio of 0.56% while DGRW charges 0.28%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DIVO vs DGRW generate?
At current yields, $10,000 in DIVO would generate roughly $40.83 per month ($490.00 annually). The same in DGRW would produce about $11.17 per month ($134.00 annually).
More comparisons to explore
People also compare DIVO with
People also compare DGRW with
Popular comparisons
Go deeper
Use the full ETF Comparator to add more funds, view radar charts, and generate AI reports.