ETF Comparison
DIVO vs SCHD: Which Is the Better Pick in 2026?
A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| DIVO | SCHD | |
|---|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF | Schwab U.S. Dividend Equity ETF |
| Issuer | Amplify ETFs | Schwab |
| Price | $44.93 | $30.51 |
| Distribution yield | 4.90% | 3.30% |
| Expense ratio | 0.56% | 0.06% |
| AUM | $6.6B | $85.9B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | Basket (Amplify Advanced Dividend Income ETF holdings) | Dow Jones U.S. Dividend 100 Index |
| 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 track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios. |
| Asset class | Equity | Equity |
| Inception date | 12/14/2016 | 10/20/2011 |
| Beta | 0.65 | 0.65 |
| Last dividend | $0.18 | $0.26 |
| Ex-dividend date | 03/30/2026 | 03/25/2026 |
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 SCHD (Schwab U.S. Dividend Equity 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.
DIVO offers the higher yield at 4.90% vs 3.30% for SCHD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHD is cheaper with an expense ratio of 0.06% compared to 0.56%.
They track different benchmarks: DIVO is linked to Basket (Amplify Advanced Dividend Income ETF holdings) while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.
SCHD is the larger fund by assets ($85.9B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, DIVO would generate roughly $40.83/month while SCHD would produce $27.50/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 $60 for SCHD (simplified, not compounded). The $500.00 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 SCHD tracks Dow Jones U.S. Dividend 100 Index using a seeks to track as closely as possible, before fees and expenses, the total return of the dow jones u.s. dividend 100 index, which measures the performance of high dividend yielding stocks issued by u.s. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios. strategy. Beta is 0.65 for DIVO and 0.65 for SCHD, indicating SCHD is less volatile relative to the market.
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $6.6B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $85.9B 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 SCHD 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 SCHD?
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 SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index with a seeks to track as closely as possible, before fees and expenses, the total return of the dow jones u.s. dividend 100 index, which measures the performance of high dividend yielding stocks issued by u.s. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios. approach. They are issued by Amplify ETFs and Schwab respectively.
Can I hold both DIVO and SCHD?
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 SCHD?
DIVO has an expense ratio of 0.56% while SCHD charges 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DIVO vs SCHD generate?
At current yields, $10,000 in DIVO would generate roughly $40.83 per month ($490.00 annually). The same in SCHD would produce about $27.50 per month ($330.00 annually).
More comparisons to explore
People also compare DIVO with
People also compare SCHD with
Popular comparisons
Go deeper
Use the full ETF Comparator to add more funds, view radar charts, and generate AI reports.