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ETF Comparison

DIVO vs FDVV: Which Is the Better Pick in 2026?

A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and Fidelity High Dividend ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs43
Total AUM$16.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Amplify ETFs is known for offering thematic and specialized investment solutions across 22 funds, ranging from digital assets and commodities to dividend and income-focused strategies. Their lineup emphasizes yield generation and alternative themes, with notable funds including DIVO (Amplify Dividend Rotation Fund), HACK (Amplify Cybersecurity ETF), and SWAN (Amplify BlackSwan Growth ETF), alongside crypto-related funds like BITY and SOLM. The issuer distinguishes itself through niche sector exposure and their proprietary YieldSmart technology platform designed to optimize income strategies.

See our curated list of related YouTube videos on DIVO.

ETFs82
Total AUM$191B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Fidelity Investments is a major player in the ETF space, known for offering a comprehensive range of funds across diverse investment strategies and asset classes. Their lineup of 67 ETFs spans allocation, bond, dividend, equity, factor-based, income, index, international, and sector-focused strategies, with notable offerings including their Fidelity Factor and Fidelity Yield Enhanced families designed to capture specific market premiums and enhance income generation. The issuer serves both broad market investors and those seeking specialized exposure, with popular tickers like FBTC (their Bitcoin ETF) and various dividend and income-focused funds catering to different investor objectives and risk profiles.

See our curated list of related YouTube videos on FDVV.

Side-by-side snapshot

DIVOFDVV
Full nameAmplify CWP Enhanced Dividend Income ETFFidelity High Dividend ETF
IssuerAmplify ETFsFidelity Investments
Last Close$46.31 as of July 15, 2026$62.05 as of July 15, 2026
Distribution yield4.74%3.35%
Distribution Safety Score 9289
Expense ratio0.56%0.15%
AUM$7.22B$9.80B
Distribution frequencyMonthlyQuarterly
Underlying indexa basket of Amplify Advanced Dividend Income ETF holdingsFidelity High Dividend Index
ObjectiveSeeks 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.Dividend Income
Asset classEquityEquity
Inception date12/14/201609/12/2016
Beta0.560.79
Last dividend$0.1830$0.5190
Ex-dividend date06/29/202606/18/2026

Bottom lineChoose DIVO if you want higher current income (4.74% vs 3.35% for FDVV). Choose FDVV if you want a quality-dividend tilt rather than the whole market.

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

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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 FDVV (Fidelity High Dividend ETF) are both dividend ETFs, but they take different approaches.

DIVO offers the higher yield at 4.74% vs 3.35% for FDVV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

FDVV is cheaper with an expense ratio of 0.15% compared to 0.56%.

They track different benchmarks: DIVO is linked to a basket of Amplify Advanced Dividend Income ETF holdings while FDVV tracks Fidelity High Dividend Index, which means their performance drivers differ.

FDVV is the larger fund by assets ($9.80B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose DIVO

Amplify CWP Enhanced Dividend Income ETF

  • Want higher current income — DIVO yields 4.74% vs 3.35% for FDVV.
  • Want broad equity exposure.
  • Prefer lower volatility — a beta of 0.6 vs 0.8 for FDVV.

Choose FDVV

Fidelity High Dividend ETF

  • Want a quality-dividend tilt — screened payers rather than the broad index.
  • Want to keep costs low — a 0.15% expense ratio vs 0.56% for DIVO.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, DIVO would generate roughly $39.50/month, while FDVV would produce $27.92/month, at current distribution rates.

DIVO yield4.74%
FDVV yield3.35%
Monthly diff on $10K$11.58

Cost & efficiency

Over 10 years on $10,000, DIVO would cost approximately $560 in fees vs $150 for FDVV (simplified, not compounded). The $410.00 difference may be offset by yield or performance.

DIVO ER0.56%
FDVV ER0.15%

Strategy & risk

DIVO holds a basket of Amplify Advanced Dividend Income ETF holdings with a covered call approach, while FDVV tracks Fidelity High Dividend Index with a dividend income approach. Beta is 0.56 for DIVO and 0.79 for FDVV, indicating DIVO is less volatile relative to the market.

DIVO beta0.56
FDVV beta0.79

Fund details

DIVO is managed by Amplify ETFs (launched 12/14/2016) with $7.22B in assets. FDVV is managed by Fidelity Investments (launched 09/12/2016) with $9.80B in assets.

DIVO AUM$7.22B
FDVV AUM$9.80B

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Frequently asked questions

Is DIVO or FDVV 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 FDVV?

DIVO (Amplify CWP Enhanced Dividend Income ETF) holds a basket of Amplify Advanced Dividend Income ETF holdings with a covered call approach, while FDVV (Fidelity High Dividend ETF) tracks Fidelity High Dividend Index with a dividend income approach. They are issued by Amplify ETFs and Fidelity Investments respectively.

Can I hold both DIVO and FDVV?

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.

Which has lower fees, DIVO or FDVV?

DIVO has an expense ratio of 0.56% while FDVV charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in DIVO vs FDVV generate?

At current rates, $10,000 in DIVO would generate roughly $39.50 per month ($474.00 annually). The same in FDVV would produce about $27.92 per month ($335.00 annually).

More comparisons to explore

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