A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and Amplify CWP Dividend & Option Income ETF covering yield, cost, risk, and income potential.
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 and QDVO.
a basket of Amplify Advanced Dividend Income ETF holdings
U.S. large-cap value / dividend equities with a covered call overlay
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 provide high monthly income with the potential for capital appreciation by investing in quality U.S. dividend-paying equities and writing covered call options on those holdings.
Asset class
Equity
Equity
Inception date
12/14/2016
08/21/2024
Beta
0.56
0.9338
Last dividend
$0.1830
$0.2660
Ex-dividend date
06/29/2026
06/29/2026
Bottom lineChoose DIVO if you want broad equity exposure. Choose QDVO if you want to maximize current income — roughly 10.64%, generated by selling options premium. There's no free lunch: QDVO's payout comes from selling options, which caps upside and can erode the share price over time, while DIVO keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
DIVO (Amplify CWP Enhanced Dividend Income ETF) and QDVO (Amplify CWP Dividend & Option Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
QDVO offers the higher yield at 10.64% vs 4.74% for DIVO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: DIVO is linked to a basket of Amplify Advanced Dividend Income ETF holdings while QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay, which means their performance drivers differ.
DIVO is the larger fund by assets ($7.22B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose DIVO
Amplify CWP Enhanced Dividend Income ETF
Want broad equity exposure.
Prefer lower volatility — a beta of 0.6 vs 0.9 for QDVO.
Choose QDVO
Amplify CWP Dividend & Option Income ETF
Want to maximize current income — QDVO distributes roughly 10.64% from selling options premium, vs 4.74% for DIVO.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
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 QDVO would produce $88.67/month, at current distribution rates. Both pay monthly distributions.
DIVO yield4.74%
QDVO yield10.64%
Monthly diff on $10K$49.17
Cost & efficiency
Over 10 years on $10,000, DIVO would cost approximately $560 in fees vs $560 for QDVO (simplified, not compounded). Both charge the same expense ratio.
DIVO ER0.56%
QDVO ER0.56%
Strategy & risk
DIVO holds a basket of Amplify Advanced Dividend Income ETF holdings with a covered call approach, while QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach. Beta is 0.56 for DIVO and 0.9338 for QDVO, indicating DIVO is less volatile relative to the market.
DIVO beta0.56
QDVO beta0.9338
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $7.22B in assets. QDVO is managed by Amplify ETFs (launched 08/21/2024) with $713M in assets.
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Frequently asked questions
Is DIVO or QDVO better for dividend income?
It depends on your goals. QDVO 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 QDVO?
DIVO (Amplify CWP Enhanced Dividend Income ETF) holds a basket of Amplify Advanced Dividend Income ETF holdings with a covered call approach, while QDVO (Amplify CWP Dividend & Option Income ETF) tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach. They are issued by Amplify ETFs and Amplify ETFs respectively.
Can I hold both DIVO and QDVO?
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 QDVO?
DIVO and QDVO both charge the same expense ratio of 0.56%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.
How much income does $10,000 in DIVO vs QDVO generate?
At current rates, $10,000 in DIVO would generate roughly $39.50 per month ($474.00 annually). The same in QDVO would produce about $88.67 per month ($1,064.00 annually).
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