ETF Comparison

QDVO vs SCHD: Which Is the Better Pick in 2026?

A head-to-head comparison of Amplify CWP Dividend & Option Income ETF and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

Amplify ETFs

ETFs43

Total AUM$16.3B

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

Amplify ETFs is known for offering thematic and specialized investment solutions across 22 funds, ranging from digital assets and commodities to dividend and income-focused strategies. Their lineup emphasizes yield generation and alternative themes, with notable funds including DIVO (Amplify Dividend Rotation Fund), HACK (Amplify Cybersecurity ETF), and SWAN (Amplify BlackSwan Growth ETF), alongside crypto-related funds like BITY and SOLM. The issuer distinguishes itself through niche sector exposure and their proprietary YieldSmart technology platform designed to optimize income strategies.

See our curated list of related YouTube videos on QDVO.

See all Amplify ETFs ETFs

Schwab

ETFs34

Total AUM$574B

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

Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.

See our curated list of related YouTube videos on SCHD.

See all Schwab ETFs

Side-by-side snapshot

	QDVO	SCHD
Full name	Amplify CWP Dividend & Option Income ETF	Schwab U.S. Dividend Equity ETF
Issuer	Amplify ETFs	Schwab
Last Close	$29.99 as of July 15, 2026	$32.20 as of July 15, 2026
Distribution yield	10.64%	3.14%
Distribution Safety Score	79	100
Expense ratio	0.56%	0.06%
AUM	$713M	$95.2B
Distribution frequency	Monthly	Quarterly
Underlying index	U.S. large-cap value / dividend equities with a covered call overlay	Dow Jones U.S. Dividend 100 Index
Objective	Seeks to provide high monthly income with the potential for capital appreciation by investing in quality U.S. dividend-paying equities and writing covered call options on those holdings.	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	08/21/2024	10/20/2011
Beta	0.9338	0.58
Last dividend	$0.2660	$0.2525
Ex-dividend date	06/29/2026	06/24/2026

Bottom lineChoose QDVO if you want to maximize current income — roughly 10.64%, generated by selling options premium. Choose SCHD if you want a quality-dividend tilt rather than the whole market. There's no free lunch: QDVO's payout comes from selling options, which caps upside and can erode the share price over time, while SCHD keeps full price exposure.

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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.

Quick verdict

QDVO (Amplify CWP Dividend & Option Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both dividend ETFs, but they take different approaches.

QDVO offers the higher yield at 10.64% vs 3.14% 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: QDVO is linked to U.S. large-cap value / dividend equities with a covered call overlay while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.

SCHD is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose QDVO

Amplify CWP Dividend & Option Income ETF

Want to maximize current income — QDVO distributes roughly 10.64% from selling options premium, vs 3.14% for SCHD.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.

Choose SCHD

Schwab U.S. Dividend Equity ETF

Want a quality-dividend tilt — screened payers rather than the broad index.
Want to keep costs low — a 0.06% expense ratio vs 0.56% for QDVO.
Prefer lower volatility — a beta of 0.6 vs 0.9 for QDVO.

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, QDVO would generate roughly $88.67/month, while SCHD would produce $26.17/month, at current distribution rates.

QDVO yield10.64%

SCHD yield3.14%

Monthly diff on $10K$62.50

Cost & efficiency

Over 10 years on $10,000, QDVO would cost approximately $560 in fees vs $60 for SCHD (simplified, not compounded). The $500.00 difference may be offset by yield or performance.

QDVO ER0.56%

SCHD ER0.06%

Strategy & risk

QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 0.9338 for QDVO and 0.58 for SCHD, indicating SCHD is less volatile relative to the market.

QDVO beta0.9338

SCHD beta0.58

Fund details

QDVO is managed by Amplify ETFs (launched 08/21/2024) with $713M in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.

QDVO AUM$713M

SCHD AUM$95.2B

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Frequently asked questions

Is QDVO or SCHD better for dividend income?

It depends on your goals. QDVO 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 QDVO and SCHD?

QDVO (Amplify CWP Dividend & Option Income ETF) tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index. They are issued by Amplify ETFs and Schwab respectively.

Can I hold both QDVO and SCHD?

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.

Which has lower fees, QDVO or SCHD?

QDVO 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 QDVO vs SCHD generate?

At current rates, $10,000 in QDVO would generate roughly $88.67 per month ($1,064.00 annually). The same in SCHD would produce about $26.17 per month ($314.00 annually).

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