DIVO
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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.
Updated November 6, 2026
How these figures are calculated: methodology.
Best for
- DIVOInvestors who want a covered-call overlay and will review its coverage.
- QYLDInvestors who want an index-call overwrite.
Price and total return
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Distribution Safety Score
An estimate of distribution reliability, not price or principal safety, a probability, or a guarantee. Score methodology.
QYLD
Generally safe
High confidence
Score snapshot as of . Method 1.11.
Side-by-side snapshot
| Metric |  DIVO |  QYLD |
|---|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF | Global X Nasdaq 100 Covered Call ETF |
| Issuer | Amplify ETFs | Global X |
| Last Close | $46.61 as of November 6, 2026 | $17.11 as of November 6, 2026 |
| Distribution rate | 4.93% | 12.62% |
| Trailing 12-month yield | 6.49% | 12.50% |
| 30-day SEC yield | — | -0.02% |
| Distribution Safety Score™ | 93 | 75 |
| Safety-Adjusted Yield | 4.58% | 9.46% |
| Expense ratio | 0.56% | 0.60% |
| AUM | $7.98B | $8.16B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Actively managed (no tracked index recorded) | Cboe Nasdaq-100 BuyWrite V2 Index |
| Objective | Actively managed fund that 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 monthly income by tracking the Cboe Nasdaq-100 BuyWrite V2 Index, holding the Nasdaq-100 stocks and writing a succession of one-month at-the-money covered call options on the index. |
| Asset class | Equity | Equity |
| Inception date | 12/14/2016 | 12/11/2013 |
| Beta | 0.53 | 0.47 |
| Last dividend | $0.19132 | $0.18 |
| Ex-dividend date | 10/29/2026 | 10/19/2026 |
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 outpaced QYLD over the trailing twelve months, posting a 11.46% total return against 9.06%. The lead holds up over 5 years too: DIVO has compounded at 10.07% a year, against 6.50% for QYLD. DIVO has been the steadier holding, though — annualized volatility of 10.9% against 13.9% for QYLD. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD cumulative | 1Y cumulative | 3Y annualized | 5Y annualized | Since Dec 2016 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|---|---|---|
| DIVO | 9.34% | 11.46% | 16.29% | 10.07% | 12.37% | 10.9% | 1.02 | 1.49 | -12.1% |
| QYLD | 5.56% | 9.06% | 12.76% | 6.50% | 8.85% | 13.9% | 0.58 | 0.80 | -19.1% |
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of November 5, 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 Dec 2016” measures every fund from December 14, 2016 — 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 trailing 3 years. 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 trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate and SEC yield
| Metric | DIVO | QYLD |
|---|---|---|
| Forward distribution rate | 4.93% | 12.62% |
| Trailing 12-month yield | 6.49% | 12.50% |
| 30-day SEC yield | — | -0.02% |
Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Bottom lineChoose DIVO if you want a covered-call overlay and will review its coverage. Choose QYLD if you want an index-call overwrite. DIVO and QYLD both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.
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. QYLD 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.
Learn the mechanics: Return of capital, explained · NAV erosion, explained
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
ETFs47
Total AUM$16.5B
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.
ETFs116
Total AUM$89.1B
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Global X is known for offering a diverse lineup of thematic and income-focused ETFs that cater to both traditional and alternative investment strategies. Their fund families span income generation through covered call strategies and SuperDividend funds, alongside thematic exposure in areas like digital assets, robotics, and emerging markets, complemented by bond and commodities offerings. The issuer provides broad coverage across sector-specific, risk-managed, and growth-oriented strategies, making their lineup particularly notable for investors seeking specialized exposure beyond conventional equity and fixed-income categories.
See our curated list of related YouTube videos on QYLD.
Quick verdict
DIVO (Amplify CWP Enhanced Dividend Income ETF) and QYLD (Global X Nasdaq 100 Covered Call ETF) are both monthly-pay dividend ETFs, but they take different approaches.
QYLD offers the higher yield at 12.62% vs 4.93% 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%.
QYLD is the larger fund by assets ($8.16B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose DIVO
Amplify CWP Enhanced Dividend Income ETF
- Want a covered-call overlay as the option-income approach; review holdings and issuer disclosures.
- Want equity exposure with an options overlay.
- Want to keep costs low — a 0.56% expense ratio vs 0.60% for QYLD.
Choose QYLD
Global X Nasdaq 100 Covered Call ETF
- Want calls written on an index as the option-income approach; review holdings and issuer disclosures.
- Want to maximize current income — QYLD distributes roughly 12.62% from selling options premium, vs 4.93% 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.
Top-holdings overlap
Positions that appear in every fund's top 10. Issuers disclose only the largest weights, so this captures the overlap of the concentrated end of each book — not the full portfolios.
2 shared positions
DIVO 11.0% of its top-10 weight
QYLD 14.9% of its top-10 weight
Deep dive
Yield & income
On a $10,000 investment at current distribution rates, DIVO would pay about $493.00 a year (about $41.08 per monthly distribution), while QYLD would pay about $1,262.00 a year (about $105.17 per monthly distribution). Both pay monthly distributions.
DIVO yield4.93%
QYLD yield12.62%
Annual cash diff on $10K$769.00
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.
DIVO ER0.56%
QYLD ER0.60%
Strategy & risk
DIVO is an actively managed ETF built around a derivative overlay strategy, while QYLD tracks Cboe Nasdaq-100 BuyWrite V2 Index with an index covered-call approach. Beta is 0.53 for DIVO and 0.47 for QYLD, making QYLD the less sensitive to market moves of the two by this measure.
DIVO beta0.53
QYLD beta0.47
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $7.98B in assets. QYLD is managed by Global X (launched 12/11/2013) with $8.16B in assets.
DIVO AUM$7.98B
QYLD AUM$8.16B
Frequently asked questions
What is the current distribution rate for DIVO and QYLD?
DIVO currently distributes 4.93% and QYLD 12.62%, based on fund data updated November 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
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) is an actively managed ETF built around a derivative overlay strategy, while QYLD (Global X Nasdaq 100 Covered Call ETF) tracks Cboe Nasdaq-100 BuyWrite V2 Index with an index covered-call approach. They are issued by Amplify ETFs and Global X respectively.
Can I hold both DIVO and QYLD?
Yes. Their disclosed top-10 holdings share only 2 positions, so combining both adds mostly distinct underlying names — see the holdings-overlap section above. Overlap outside the disclosed top 10 can still exist.
Is DIVO or QYLD safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — DIVO scores 93, QYLD scores 75, so DIVO's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
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 distribution rates, $10,000 in DIVO would pay about $493.00 a year (about $41.08 per monthly distribution). $10,000 in QYLD would pay about $1,262.00 a year (about $105.17 per monthly distribution).
Which has performed better historically, DIVO or QYLD?
DIVO has outpaced QYLD over the trailing twelve months, posting a 11.46% total return against 9.06%. The lead holds up over 5 years too: DIVO has compounded at 10.07% a year, against 6.50% for QYLD. DIVO has been the steadier holding, though — annualized volatility of 10.9% against 13.9% for QYLD. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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Dividend dates and history
DIVO vs QYLD — at a glance
Generated October 31, 2026.
Overview
DIVO and QYLD are both actively managed equity ETFs that generate income by holding dividend-paying stocks and systematically selling covered call options against them. The defining difference is their underlying universe: DIVO invests broadly across dividend-paying U.S. stocks and actively selects holdings, while QYLD tracks the Nasdaq-100 index and writes calls on that fixed basket of large-cap tech and growth companies. This makes QYLD a rules-based play on concentrated, high-momentum names, while DIVO offers active managers the discretion to rotate among dividend stocks.
How they differ
QYLD's 12.62% yield more than doubles DIVO's 4.93%, but that gap reflects index composition, not superior option selling skill. QYLD holds mostly Nasdaq-100 constituents—companies that historically grow faster than they pay dividends—so the fund relies more heavily on call premium to hit its payout target. DIVO, by contrast, holds a broader set of actively selected dividend stocks, so underlying yield contributes more to total payout and call premium carries less load. QYLD's $8.16B is slightly larger than DIVO's $7.98B, and both charge similar expense ratios (0.60% vs. 0.56%)—a 4-basis-point difference. QYLD's beta of 0.47 is lower than DIVO's 0.53, reflecting Nasdaq-100 tech concentration relative to DIVO's broader dividend roster.
Who each is best for
- DIVO: Fits income-focused investors who want exposure to U.S. dividend stocks with the flexibility of active management and a payout rate that balances underlying yields with call premium, without concentrating in fast-growing, low-yielding sectors.
- QYLD: Fits investors comfortable with concentrated exposure to large-cap tech and growth stocks who are willing to accept a high call-driven yield in exchange for the mechanical simplicity and lower upside capture of an index-based options overlay.
Key risks to know
- NAV erosion at elevated yields. QYLD's 12.62% yield—well above 10%—means that if underlying Nasdaq-100 returns and call premium fail to sustain payouts, NAV will decline over time. This is the primary driver of capital loss risk in very-high-yield covered call funds and deserves monitoring against realized performance.
- Call cap on upside. Both funds write at-the-money calls, which cap the upside capture if holdings rally sharply. QYLD's indexed approach means it cannot alter strike selection or call timing; DIVO's active management offers some discretion but still limits outsized gains.
- Nasdaq-100 concentration in QYLD. Holding a fixed basket of 100 large-cap tech and growth stocks concentrates sector and single-name risk far more than DIVO's actively managed dividend portfolio. A material correction in growth stocks or a shift away from low-rate environments could pressure QYLD valuations more sharply.
- Options assignment and reinvestment timing. When calls are exercised, both funds must redeploy cash back into stocks or new call positions, often at market prices different from original entry. Frequent assignment can drag returns in rising markets.
Bottom line
If you want a diversified dividend allocation with active oversight and a payout anchored in underlying yield, DIVO's lower rate and broader stock selection fit that profile. If you prioritize maximum income and accept the tradeoff of concentrated tech/growth holdings and higher NAV erosion risk, QYLD's 12.62% yield and index-based mechanics deliver that structure. Past performance doesn't guarantee future results, and each fund's yield sustainability depends on whether underlying stock returns and call premiums justify the payout level.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
These comparisons follow the Dividend Vision methodology.