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ETF Comparison

IDVO vs SCHY: Extra Cash Abroad, or Just the Screen?

A head-to-head of Amplify's International Enhanced Dividend Income ETF and Schwab's International Dividend Equity ETF covering design and cost.

Data updated September 21, 2026

Best for

  • IDVOInvestors who want higher current income (6.06% vs 4.37% for SCHY).
  • SCHYInvestors who want a quality-dividend tilt rather than the whole market.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

IDVO has outpaced SCHY over the trailing twelve months, posting a 22.11% total return against 20.83%. The lead holds up over 3 years too: IDVO has compounded at 23.73% a year, against 16.58% for SCHY. SCHY has been the steadier holding, though — annualized volatility of 12.1% against 15.9% for IDVO. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1Y3YSince Sep 2022Volatility Sharpe Sortino Max drawdown
IDVO13.75%22.11%23.73%21.16%15.9%1.071.52-15.5%
SCHY10.74%20.83%16.58%15.57%12.1%0.901.29-12.2%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 21, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Sep 2022” measures every fund from September 8, 2022 — 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.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricIDVOSCHY
Full nameAmplify International Enhanced Dividend Income ETFSchwab International Dividend Equity ETF
IssuerAmplify ETFsSchwab
Underlying indexa basket of Amplify Interest Rate Hedged Dividend Income ETF holdingsDow Jones International Dividend 100 Index
Last Close$42.89 as of September 21, 2026$32.70 as of September 21, 2026
Distribution rate6.06%4.37%
Distribution Safety Score™ 9097
Safety-Adjusted Yield 5.45%4.24%
Expense ratio0.65%0.08%
AUM$1.42B$2.60B
Distribution frequencyMonthlyQuarterly
ObjectiveSeeks to provide income from international dividend-paying stocks through ADRs and by opportunistically writing covered calls on those securities. Invests in high-quality international large and mid-cap companies with a history of dividend and earnings growth.Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones International Dividend 100 Index.
Asset classEquityEquity
Inception date09/08/202204/29/2021
Beta0.530.81
Last dividend$0.2165$0.357
Ex-dividend date08/28/202606/24/2026

Bottom lineChoose IDVO if you want higher current income (6.06% vs 4.37% for SCHY). Choose SCHY if you want a quality-dividend tilt rather than the whole market.

IDVO vs SCHY: international overlay or screen?

IDVO writes calls on international dividend stocks. SCHY is the international dividend screen itself.

IDVOSCHY
What it isInternational dividend stocks plus callsInternational dividend-quality screen
Expense ratio0.65%0.08%
Distribution rate6.06%4.37%
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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Amplify ETFs
ETFs46
Total AUM$16.7B

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 IDVO.

See all Amplify ETFs ETFs
Schwab
ETFs33
Total AUM$610B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.

See our curated list of related YouTube videos on SCHY.

See all Schwab ETFs

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Quick verdict

IDVO (Amplify International Enhanced Dividend Income ETF) and SCHY (Schwab International Dividend Equity ETF) are both dividend ETFs, but they take different approaches.

IDVO offers the higher yield at 6.06% vs 4.37% for SCHY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHY is cheaper with an expense ratio of 0.08% compared to 0.65%.

They have different reference exposures: IDVO is linked to a basket of Amplify Interest Rate Hedged Dividend Income ETF holdings while SCHY is linked to Dow Jones International Dividend 100 Index, which means their performance drivers differ.

SCHY is the larger fund by assets ($2.60B), but assets alone do not establish trading costs or liquidity.

Who should choose each?

Choose IDVO

Amplify International Enhanced Dividend Income ETF

  • Want higher current income — IDVO yields 6.06% vs 4.37% for SCHY.
  • Want broad equity exposure.
  • Prefer lower volatility — a beta of 0.5 vs 0.8 for SCHY.

Choose SCHY

Schwab International Dividend Equity ETF

  • Want a quality-dividend tilt — screened payers rather than the broad index.
  • Want to keep costs low — a 0.08% expense ratio vs 0.65% for IDVO.

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, IDVO would generate roughly $50.50/month, while SCHY would produce $36.42/month, at current distribution rates.

IDVO yield6.06%
SCHY yield4.37%
Monthly diff on $10K$14.08

Cost & efficiency

Over 10 years on $10,000, IDVO would cost approximately $650 in fees vs $80 for SCHY (simplified, not compounded). The $570.00 difference may be offset by yield or performance.

IDVO ER0.65%
SCHY ER0.08%

Strategy & risk

IDVO holds a basket of Amplify Interest Rate Hedged Dividend Income ETF holdings with an international approach, while SCHY tracks Dow Jones International Dividend 100 Index with a dividend approach. Beta is 0.53 for IDVO and 0.81 for SCHY, making IDVO the less volatile of the two by this measure.

IDVO beta0.53
SCHY beta0.81

Fund details

IDVO is managed by Amplify ETFs (launched 09/08/2022) with $1.42B in assets. SCHY is managed by Schwab (launched 04/29/2021) with $2.60B in assets.

IDVO AUM$1.42B
SCHY AUM$2.60B
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Frequently asked questions

What is the difference between IDVO and SCHY?

IDVO (Amplify International Enhanced Dividend Income ETF) holds international dividend stocks and writes calls for extra cash — 6.06% monthly. SCHY (Schwab International Dividend Equity ETF) screens international dividend payers and distributes 4.37% quarterly. Cost is 0.65% versus 0.08%. Overlay cash versus the screen itself is the decision. Figures as of September 2026.

What is the current distribution rate for IDVO and SCHY?

IDVO currently distributes 6.06% and SCHY 4.37%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is IDVO or SCHY better for dividend income?

It depends on your goals. IDVO 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.

Can I hold both IDVO and SCHY?

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.

Is IDVO or SCHY safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SCHY scores 97, IDVO scores 90, so SCHY's payout currently looks the more resilient of the two. IDVO has also shown lower price volatility (beta 0.53 vs 0.81 for SCHY). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, IDVO or SCHY?

IDVO has an expense ratio of 0.65% while SCHY charges 0.08%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in IDVO vs SCHY generate?

At current rates, $10,000 in IDVO would generate roughly $50.50 per month ($606.00 annually). The same in SCHY would produce about $36.42 per month ($437.00 annually).

Which has performed better historically, IDVO or SCHY?

IDVO has outpaced SCHY over the trailing twelve months, posting a 22.11% total return against 20.83%. The lead holds up over 3 years too: IDVO has compounded at 23.73% a year, against 16.58% for SCHY. SCHY has been the steadier holding, though — annualized volatility of 12.1% against 15.9% for IDVO. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

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IDVO vs SCHY — at a glance

Generated September 19, 2026.

The result is a sharp tradeoff between higher income generation and lower cost.

How they differ

The core distinction is strategy. IDVO pursues an active, enhanced-income approach using covered calls on its holdings to supplement dividends, targeting a 6.06% distribution rate paid monthly. SCHY is a straightforward index tracker with a 4.37% yield distributed quarterly. On cost, SCHY's 0.08% expense ratio undercuts IDVO's 0.65% by a wide margin—a 57-basis-point difference that compounds over time. IDVO's smaller $1.42B ($1.42B versus $2.60B) reflects its narrower, more specialized mandate, while its lower beta of 0.53 suggests the covered-call overlay and active selection may dampen volatility compared to SCHY's 0.81.

Who each is best for

  • IDVO: Fits investors seeking maximum current income from international dividends and who are comfortable with the trade-offs of an active strategy—accepting higher fees and the opportunity cost of covered calls (which cap upside on rallies) in exchange for enhanced monthly cash flow.
  • SCHY: Fits investors who want broad, low-friction exposure to international dividend payers and prefer a transparent, low-cost index approach with quarterly distributions and minimal tax drag from frequent trading.

Key risks to know

  • Call cap on upside: IDVO's covered-call strategy caps gains on the underlying stocks when share prices rise. In a strong rally, this structural feature will underperform an unhedged international dividend fund by design.
  • Yield sustainability: IDVO's 6.06% distribution rate relies partly on call premium income, which varies with volatility. A sharp drop in implied volatility could pressure future distributions without a corresponding cut in underlying dividends.
  • Interest rate and currency exposure: Both funds hold international equities sensitive to foreign exchange moves and interest-rate changes in developed and emerging markets abroad. A strengthening U.S. dollar or foreign rate hikes can weigh on returns.
  • Index concentration: SCHY's underlying Dow Jones International Dividend 100 Index may have narrow sector or geographic tilt toward high-yielding regions, creating concentration risk beyond what a broad market index would carry.

Bottom line

If you prioritize monthly cash flow and are willing to accept higher fees and capped upside in exchange for active management and options-based income, IDVO offers a structured path to 6.06% yields. If you want broad international dividend exposure with minimal cost and maximum simplicity, SCHY's 0.08% expense ratio and passive replication approach deliver that at a lower price. Past performance does not guarantee future results.

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.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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