Dividend comparison
DIVO vs SCHD: Which Is Better for Income?
Side-by-side yield, projected income, and dividend fundamentals for Amplify CWP Enhanced Dividend Income ETF and Schwab U.S. Dividend Equity ETF. Updated July 26, 2026.
| Metric | DIVO Amplify CWP Enhanced Dividend Income ETF | SCHD Schwab U.S. Dividend Equity ETF |
|---|---|---|
| Dividend yield (TTM) | — | — |
| Dividend / share (TTM) | — | — |
| Price | $46.67 | $33.29 |
| Payout ratio (TTM) | — | — |
| Dividend growth streak | 3 years | 13 years |
| Beta | 0.56 | 0.58 |
| Market cap | $7.19B | $96.24B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.56% | 0.06% |
| Assets under management | $7.49B | $102.62B |
| Number of holdings | 33 | 103 |
| Top 10 concentration | — | 41.5% |
DIVO
—/mo
Yield data unavailable
SCHD
—/mo
Yield data unavailable
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 SCHD actually do
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
It tracks the Dow Jones U.S. Dividend 100 Index, which first requires at least ten consecutive years of dividends, then ranks the survivors on a composite of cash flow to total debt, return on equity, dividend yield and five-year dividend growth. The top 100 are held at market-cap weights with a 4% cap per stock and 25% per sector, reconstituted annually and rebalanced quarterly. Those quality screens push the portfolio toward mature value sectors and largely out of high-growth technology, which is the single biggest reason its return diverges from the S&P 500 in either direction.
Suits an investor who wants a growing dividend stream plus share-price participation and can sit out technology-led rallies without changing course. Not a match for someone who needs the highest available current yield or wants full market exposure.
Core dividend holding
| Period | DIVO | SCHD |
|---|---|---|
| 1 month | 1.88% | 4.95% |
| 3 months | 2.62% | 7.53% |
| Year to date | 4.88% | 23.34% |
| 1 year | 10.49% | 26.48% |
| 3 years | 41.77% | 47.89% |
| 5 years | 57.78% | 57.55% |
- DIVO
- SCHD
Both series indexed to 100 on 2021-07-24 using the adjusted closing price series. Past performance does not guarantee future results.
- DIVO
- SCHD
Quick verdict
Compare the metrics above, then add both tickers to a Dividend Wealth portfolio to see combined income forecasts and diversification impact.
Frequently asked questions
Is DIVO or SCHD better for dividend income?
What is the difference between DIVO and SCHD?
Can I hold both DIVO and SCHD?
Where can I compare DIVO vs SCHD with my full portfolio?
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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.