ETF Comparison
DIVO vs VYM: Which Is the Better Pick in 2026?
A head-to-head comparison of Amplify CWP Enhanced Dividend Income ETF and Vanguard High Dividend Yield Index Fund ETF Shares covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| DIVO | VYM | |
|---|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF | Vanguard High Dividend Yield Index Fund ETF Shares |
| Issuer | Amplify ETFs | Vanguard |
| Price | $44.94 | $149.09 |
| Distribution yield | 5.12% | 2.37% |
| Expense ratio | 0.56% | 0.04% |
| AUM | $6.6B | $88.7B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | Basket (Amplify Advanced Dividend Income ETF holdings) | Basket (Vanguard High Dividend Yield ETF holdings) |
| 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 the performance of the FTSE High Dividend Yield Index, which offers exposure to dividend-paying large-cap companies that exhibit value characteristics within the U.S. equity market. The index includes stocks with a history of paying above-average dividends. |
| Asset class | Equity | Equity |
| Inception date | 12/14/2016 | 11/10/2006 |
| Beta | 0.66 | 0.77 |
| Last dividend | $0.18 | $0.86 |
| Ex-dividend date | 03/30/2026 | 03/20/2026 |
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 VYM (Vanguard High Dividend Yield Index Fund ETF Shares) 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 5.12% vs 2.37% for VYM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
VYM is cheaper with an expense ratio of 0.04% compared to 0.56%.
They track different benchmarks: DIVO is linked to Basket (Amplify Advanced Dividend Income ETF holdings) while VYM tracks Basket (Vanguard High Dividend Yield ETF holdings), which means their performance drivers differ.
VYM is the larger fund by assets ($88.7B), 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 VYM would produce $19.75/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 $40 for VYM (simplified, not compounded). The $520.00 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 VYM tracks Basket (Vanguard High Dividend Yield ETF holdings) using a seeks to track the performance of the ftse high dividend yield index, which offers exposure to dividend-paying large-cap companies that exhibit value characteristics within the u.s. equity market. the index includes stocks with a history of paying above-average dividends. strategy. Beta is 0.66 for DIVO and 0.77 for VYM, indicating DIVO is less volatile relative to the market.
Fund details
DIVO is managed by Amplify ETFs (launched 12/14/2016) with $6.6B in assets. VYM is managed by Vanguard (launched 11/10/2006) with $88.7B 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 VYM 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 VYM?
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 VYM (Vanguard High Dividend Yield Index Fund ETF Shares) tracks Basket (Vanguard High Dividend Yield ETF holdings) with a seeks to track the performance of the ftse high dividend yield index, which offers exposure to dividend-paying large-cap companies that exhibit value characteristics within the u.s. equity market. the index includes stocks with a history of paying above-average dividends. approach. They are issued by Amplify ETFs and Vanguard respectively.
Can I hold both DIVO and VYM?
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 VYM?
DIVO has an expense ratio of 0.56% while VYM charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DIVO vs VYM generate?
At current yields, $10,000 in DIVO would generate roughly $42.67 per month ($512.00 annually). The same in VYM would produce about $19.75 per month ($237.00 annually).
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