Dividend comparison

CGDV vs DIVO: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Capital Group Dividend Value ETF and Amplify CWP Enhanced Dividend Income ETF, side by side. Updated October 21, 2026.

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CGDV vs DIVO: key differences
The short answer, from the latest data on this page.
  • Fees. CGDV is cheaper at 0.33% a year versus 0.56% for DIVO. On $10,000 that is $23 a year less in fees.
  • Income. DIVO pays more income, yielding 6.28% over the last twelve months versus 1.23% for CGDV. That is about $506 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 3 years, CGDV returned 94.7% versus 54.5% for DIVO, with dividends reinvested. $10,000 would have grown to $19,473 in CGDV and $15,445 in DIVO.
  • Risk. CGDV has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -21.9%, against -13.7% for DIVO.
  • Diversification. CGDV holds 58 positions and DIVO holds 30.
  • Dividend growth. DIVO grew its yearly payout 11.9% a year over the last 2 years, versus 7.0% for CGDV.
  • Size. CGDV is the larger fund with $38.8 billion in assets, against $8.0 billion for DIVO.

Bottom line: CGDV fits better if you care most about lower fees, stronger 3-year returns and broader diversification. DIVO fits better if you care most about more income today, smaller drawdowns and faster dividend growth.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricCGDV
Capital Group Dividend Value ETF
DIVO
Amplify CWP Enhanced Dividend Income ETF
Dividend yield (TTM)1.23%6.28%
Dividend / share (TTM)$0.60$3.02
Payout frequencyQuarterlyQuarterly
Last dividend$0.1522 on Oct 1, 2026$0.1890 on Sep 30, 2026
Ex-dividend dateSep 30, 2026Sep 29, 2026
Dividend growth (CAGR)7.0% over 2 yrs11.9% over 4 yrs
Price$49.17$48.02
Dividend growth streak2 years3 years
Beta0.900.56
Max drawdown (5Y)-21.9%-13.7%
Market cap$38.84B$8.01B
ExchangeAMEXAMEX
Expense ratio0.33%0.56%
Assets under management$38.84B$7.99B
Number of holdings5830
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

CGDV

$10.21/mo

$123 /yr at 1.23% yield

DIVO

$52.35/mo

$628 /yr at 6.28% yield

Dividend history
Total dividends paid per share in each calendar year. CGDV pays quarterly; DIVO pays quarterly.
YearCGDVDIVO
2025$0.5649$2.8660
2024$0.5636$1.9013
2023$0.4932$1.7085
2022—$1.7074
2021—$1.8280
Strategy: Dividend equity
Rules-based equity funds that screen for companies paying sustainable or rising dividends, aiming at income plus long-term share-price participation. The screen is what defines the fund: yield-ranked indexes deliver more cash now, dividend-growth indexes deliberately exclude the highest payers in favor of durability. Both approaches produce a sector mix that looks nothing like the broad market, typically heavier in financials, healthcare, staples and industrials.

Expect stretches of underperformance versus the broad market whenever leadership comes from the high-growth, low-yield companies these screens exclude.

What CGDV vs DIVO actually do

DIVO
An actively managed ETF holding a concentrated set of blue-chip dividend payers with calls written selectively on individual positions.

The manager runs a hand-picked book of roughly 20 to 30 large-cap dividend stocks rather than tracking an index. Instead of keeping every position covered, calls are written tactically on single names, typically when a holding has run up or its implied volatility is elevated. That preserves far more upside than a blanket index overwrite, but it makes option income lumpy and puts the outcome on manager judgment rather than a published rule.

Suits an investor who wants dividend income lifted by option premium without surrendering most of the appreciation. Less suitable for anyone who wants a fully rules-based product, the lowest fee, or the highest available distribution rate.

Moderate income with growth

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Feb 24, 2022 would now be worth $21,148 in CGDV and $16,157 in DIVO.
PeriodCGDVDIVO
1 month0.43%1.37%
3 months0.78%3.58%
Year to date12.67%7.91%
1 year16.68%8.28%
3 years94.73%54.45%
5 years—59.59%
  • CGDV
  • DIVO
7515323120222023202420252026211162

Both series indexed to 100 on 2022-02-24 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • CGDV
  • DIVO
0%9%19%28%38%Technology37.8%17.9%Financial Services5.1%24.1%Industrials11.8%12.7%Healthcare7.9%12.1%Communication Services11.4%4.7%Consumer Cyclical8.1%6.9%Consumer Defensive5.4%6.3%Energy3.7%7.4%Basic Materials4.2%5.8%Utilities0.9%2.0%Other3.6%0.0%

Quick verdict

CGDV fits better if you care most about lower fees, stronger 3-year returns and broader diversification. DIVO fits better if you care most about more income today, smaller drawdowns and faster dividend growth. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
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Frequently asked questions

Is CGDV or DIVO better for dividend income?
It depends on your goals. CGDV currently yields 1.23% Trailing Twelve Months (TTM) while DIVO yields 6.28%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between CGDV and DIVO?
Capital Group Dividend Value ETF (CGDV) is an ETF listed on AMEX. Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, CGDV or DIVO?
CGDV has the lower expense ratio. CGDV charges 0.33% a year and DIVO charges 0.56%, a difference of $23 a year on a $10,000 investment.
Which has performed better, CGDV or DIVO?
Over the last 3 years, CGDV has the higher total return with dividends reinvested: CGDV returned 94.7% and DIVO returned 54.5%. Past performance does not predict future returns.
Which is riskier, CGDV or DIVO?
Measured by the worst peak-to-trough decline over the last five years, CGDV has been riskier: CGDV fell as much as 21.9% and DIVO as much as 13.7%. Their betas are 0.90 and 0.56.
How often do CGDV and DIVO pay dividends?
Both pay quarterly. The most recent payments were $0.1522 for CGDV and $0.1890 for DIVO.
How much income does $10,000 in CGDV vs DIVO generate?
At current TTM yields, $10,000 in CGDV would generate roughly $10.21 per month ($123 annually). The same amount in DIVO would produce about $52.35 per month ($628 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both CGDV and DIVO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare CGDV vs DIVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how CGDV and DIVO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.