ETF Comparison
DIVO vs QYLD: Which Is the Better Pick in 2026?
A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and Global X Nasdaq 100 Covered Call ETF covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| DIVO | QYLD | |
|---|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF | Global X Nasdaq 100 Covered Call ETF |
| Issuer | Amplify ETFs | Global X |
| Price | $44.94 | $17.35 |
| Distribution yield | 5.12% | 11.93% |
| Expense ratio | 0.56% | 0.60% |
| AUM | $6.6B | $8.1B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Basket (Amplify Advanced Dividend Income ETF holdings) | NASDAQ 100 |
| 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. | Covered Call |
| Asset class | Equity | Equity |
| Inception date | 12/14/2016 | 12/11/2013 |
| Beta | 0.66 | 0.48 |
| Last dividend | $0.18 | $0.17 |
| Ex-dividend date | 03/30/2026 | 03/23/2026 |
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 QYLD (Global X Nasdaq 100 Covered Call ETF) 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.
QYLD offers the higher yield at 11.93% vs 5.12% for DIVO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
DIVO is cheaper with an expense ratio of 0.56% compared to 0.60%.
They track different benchmarks: DIVO is linked to Basket (Amplify Advanced Dividend Income ETF holdings) while QYLD tracks NASDAQ 100, which means their performance drivers differ.
QYLD is the larger fund by assets ($8.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, DIVO would generate roughly $42.67/month while QYLD would produce $99.42/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 $600 for QYLD (simplified, not compounded). The $40.00 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 QYLD tracks NASDAQ 100 using a covered call strategy. Beta is 0.66 for DIVO and 0.48 for QYLD, indicating QYLD is less volatile relative to the market.
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $6.6B in assets. QYLD is managed by Global X (launched 12/11/2013) with $8.1B 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 QYLD better for dividend income?
It depends on your goals. QYLD 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 QYLD?
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 QYLD (Global X Nasdaq 100 Covered Call ETF) tracks NASDAQ 100 with a covered call approach. They are issued by Amplify ETFs and Global X respectively.
Can I hold both DIVO and QYLD?
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 QYLD?
DIVO has an expense ratio of 0.56% while QYLD charges 0.60%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DIVO vs QYLD generate?
At current yields, $10,000 in DIVO would generate roughly $42.67 per month ($512.00 annually). The same in QYLD would produce about $99.42 per month ($1,193.00 annually).
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