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.
DIVO has lagged GPIQ over the trailing twelve months, posting a 11.62% total return against 23.08%. Measured from Oct 2023 — the start of shared available history — GPIQ has compounded at 27.15% a year versus 17.38% for DIVO. DIVO has been the steadier holding, though — annualized volatility of 9.5% against 17.1% for GPIQ. 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 September 30, 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 Oct 2023” measures every fund from October 26, 2023 — 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 past year. 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 past year) — 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.
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 current income while maintaining prospects for capital appreciation by investing at least 80% of net assets in companies included in the Nasdaq-100 and selling call options with exposure to the benchmark.
Bottom lineChoose DIVO if you want selected dividend stocks with tactical calls and accept concentration. Choose GPIQ if you want Nasdaq-100 exposure with a dynamic overwrite and accept concentration risk. Distributions can change and may include return of capital. A payout rate is not total return, and tax character alone does not establish economic loss.
Dividend-stock selection versus Nasdaq-100 exposure
DIVO combines selected dividend-paying stocks with tactical individual-stock calls. GPIQ combines Nasdaq-100 equity exposure with a dynamic call overwrite. Both the equity universe and the option implementation differ.
DIVO
GPIQ
Approach
Selected dividend equities with tactical individual-stock calls
Nasdaq-100 equity exposure with dynamic call writing
Risk review
Manager selection, concentration, and call-writing risk
Nasdaq-100 concentration and call-writing risk
Expense ratio
0.56%
0.29%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. GPIQ generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Goldman Sachs Asset Management is known for offering a comprehensive suite of ETFs spanning traditional and alternative investment strategies across multiple asset classes. The fund lineup encompasses income-focused offerings, factor-based strategies, thematic investments, ESG solutions, international exposure, commodities, bonds, and indexed products, reflecting a broad approach to meeting diverse investor needs. The issuer's portfolio demonstrates significant breadth, with funds serving income investors, factor-based strategists, and those seeking specialized exposure to emerging themes and alternative assets.
See our curated list of related YouTube videos on GPIQ.
DIVO (Amplify CWP Enhanced Dividend Income ETF) and GPIQ (Goldman Sachs Nasdaq-100 Premium Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
GPIQ offers the higher yield at 10.28% vs 4.88% for DIVO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
GPIQ is cheaper with an expense ratio of 0.29% compared to 0.56%.
DIVO is the larger fund by assets ($7.86B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, DIVO would generate roughly $40.67 cash per distribution, while GPIQ would produce $85.67 cash per distribution, at current distribution rates. Both pay monthly distributions.
DIVO yield4.88%
GPIQ yield10.28%
Cash diff on $10K$45.00
Cost & efficiency
Over 10 years on $10,000, DIVO would cost approximately $560 in fees vs $290 for GPIQ (simplified, not compounded). The $270.00 difference may be offset by yield or performance.
DIVO ER0.56%
GPIQ ER0.29%
Strategy & risk
DIVO combines selected dividend-paying stocks with tactical individual-stock calls. GPIQ combines Nasdaq-100 equity exposure with a dynamic call overwrite. Both the equity universe and the option implementation differ. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
DIVO beta0.54
GPIQ beta1.0964
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $7.86B in assets. GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $6.12B in assets.
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Frequently asked questions
Can beta tell me which fund will have fewer option assignments or losses?
No. Beta describes historical benchmark sensitivity. It does not determine option assignment frequency, future drawdowns, or distribution sustainability. Compare actual equity and option positions, including overlap and overwrite amounts. Both funds can lose value and reduce distributions.
What is the difference between DIVO and GPIQ?
DIVO (Amplify CWP Enhanced Dividend Income ETF) writes covered calls on a dividend-stock book. GPIQ (Goldman Sachs Nasdaq-100 Premium Income ETF) overlays Nasdaq-100 exposure for income. The equity universe differs: dividend payers versus Nasdaq-100 names. Cost is 0.56% versus 0.29%; size is $7.86B versus $6.12B. Distributions are 4.88% and 10.28% as of September 2026. Book and overlay, not a one-date yield, are the split.
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