Dividend comparison

DIVO vs QDVO: Which Is Better for Income?

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

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DIVO vs QDVO: key differences
The short answer, from the latest data on this page.
  • Fees. Both charge about 0.56% a year, so cost is not what separates them.
  • Income. QDVO pays more income, yielding 10.69% over the last twelve months versus 6.28% for DIVO. That is about $441 more a year on $10,000. DIVO pays quarterly, QDVO pays monthly.
  • Performance. Over the last 1 year, DIVO returned 8.3% versus 2.1% for QDVO, with dividends reinvested. $10,000 would have grown to $10,828 in DIVO and $10,208 in QDVO.
  • Risk. QDVO has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -17.7%, against -13.7% for DIVO.
  • Diversification. QDVO holds 45 positions and DIVO holds 30.
  • Size. DIVO is the larger fund with $8.0 billion in assets, against $763 million for QDVO.

Bottom line: DIVO fits better if you care most about stronger 1-year returns and smaller drawdowns. QDVO fits better if you care most about more income today and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricDIVO
Amplify CWP Enhanced Dividend Income ETF
QDVO
Amplify CWP Growth & Income ETF
Dividend yield (TTM)6.28%10.69%
Dividend / share (TTM)$3.02$3.15
Payout frequencyQuarterlyMonthly
Last dividend$0.1890 on Sep 30, 2026$0.2787 on Sep 30, 2026
Ex-dividend dateSep 29, 2026Sep 29, 2026
Dividend growth (CAGR)11.9% over 4 yrs—
Price$48.02$29.46
Dividend growth streak3 years—
Beta0.561.02
Max drawdown (5Y)-13.7%-17.7%
Market cap$8.01B$767.2M
ExchangeAMEXAMEX
Expense ratio0.56%0.56%
Assets under management$7.99B$763.0M
Number of holdings3045
Top 10 concentration—58.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

DIVO

$52.35/mo

$628 /yr at 6.28% yield

QDVO

$89.08/mo

$1069 /yr at 10.69% yield

Dividend history
Total dividends paid per share in each calendar year. DIVO pays quarterly; QDVO pays monthly.
YearDIVOQDVO
2025$2.8660$2.8784
2024$1.9013—
2023$1.7085—
2022$1.7074—
2021$1.8280—
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.

What DIVO vs QDVO 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 Aug 22, 2024 would now be worth $12,864 in DIVO and $13,520 in QDVO.
PeriodDIVOQDVO
1 month1.37%-1.41%
3 months3.58%-0.07%
Year to date7.91%1.52%
1 year8.28%2.08%
3 years54.45%—
5 years59.59%—
  • DIVO
  • QDVO
93119144202420252026129135

Both series indexed to 100 on 2024-08-22 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.
  • DIVO
  • QDVO
0%12%25%37%49%Technology17.9%49.2%Financial Services24.1%7.9%Healthcare12.1%8.0%Communication Services4.7%13.5%Consumer Cyclical6.9%10.3%Industrials12.7%3.4%Consumer Defensive6.3%7.0%Energy7.4%0.3%Basic Materials5.8%1.4%Utilities2.0%0.5%Other0.0%
Top 10 holdings
Largest positions by portfolio weight.

QDVO45 holdings total

NameWeight
NVDANVIDIA Corp10.25%
AAPLApple Inc9.59%
GOOGLAlphabet Inc8.39%
MSFTMicrosoft Corp6.61%
AMZNAmazon.com Inc5.24%
METAMeta Platforms Inc3.95%
LLYEli Lilly & Co3.73%
MUMicron Technology Inc3.71%
AMDAdvanced Micro Devices Inc3.29%
AVGOBroadcom Inc3.26%

Quick verdict

DIVO fits better if you care most about stronger 1-year returns and smaller drawdowns. QDVO fits better if you care most about more income today and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is DIVO or QDVO better for dividend income?
It depends on your goals. DIVO currently yields 6.28% Trailing Twelve Months (TTM) while QDVO yields 10.69%. 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 DIVO and QDVO?
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF listed on AMEX. Amplify CWP Growth & Income ETF (QDVO) 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, DIVO or QDVO?
They cost about the same: DIVO charges 0.56% a year and QDVO charges 0.56%.
Which has performed better, DIVO or QDVO?
Over the last 1 year, DIVO has the higher total return with dividends reinvested: DIVO returned 8.3% and QDVO returned 2.1%. Past performance does not predict future returns.
Which is riskier, DIVO or QDVO?
Measured by the worst peak-to-trough decline over the last five years, QDVO has been riskier: DIVO fell as much as 13.7% and QDVO as much as 17.7%. Their betas are 0.56 and 1.02.
How often do DIVO and QDVO pay dividends?
DIVO pays quarterly and QDVO pays monthly.
How much income does $10,000 in DIVO vs QDVO generate?
At current TTM yields, $10,000 in DIVO would generate roughly $52.35 per month ($628 annually). The same amount in QDVO would produce about $89.08 per month ($1069 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both DIVO and QDVO?
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 DIVO vs QDVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how DIVO and QDVO 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.