Dividend comparison

DIVO vs XDTE: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Amplify CWP Enhanced Dividend Income ETF and Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

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DIVO vs XDTE: key differences
The short answer, from the latest data on this page.
  • Fees. DIVO is cheaper at 0.56% a year versus 0.97% for XDTE. On $10,000 that is $41 a year less in fees.
  • Income. XDTE pays more income, yielding 30.05% over the last twelve months versus 6.28% for DIVO. That is about $2,377 more a year on $10,000. DIVO pays quarterly, XDTE pays weekly.
  • Performance. Over the last 1 year, DIVO returned 8.3% versus -11.3% for XDTE, with dividends reinvested. $10,000 would have grown to $10,828 in DIVO and $8,872 in XDTE.
  • Risk. XDTE has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -19.1%, against -13.7% for DIVO.
  • Diversification. DIVO holds 30 positions and XDTE holds 6.
  • Size. DIVO is the larger fund with $8.0 billion in assets, against $324 million for XDTE.

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

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
XDTE
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
Dividend yield (TTM)6.28%30.05%
Dividend / share (TTM)$3.02$11.46
Payout frequencyQuarterlyWeekly
Last dividend$0.1890 on Sep 30, 2026$0.1440 on Oct 16, 2026
Ex-dividend dateSep 29, 2026Oct 15, 2026
Dividend growth (CAGR)11.9% over 4 yrs—
Price$48.02$38.14
Dividend growth streak3 years—
Beta0.560.92
Max drawdown (5Y)-13.7%-19.1%
Market cap$8.01B$322.3M
ExchangeAMEXCBOE
Expense ratio0.56%0.97%
Assets under management$7.99B$324.2M
Number of holdings306
Top 10 concentration—192.2%
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

XDTE

$250.41/mo

$3005 /yr at 30.05% yield

Dividend history
Total dividends paid per share in each calendar year. DIVO pays quarterly; XDTE pays weekly.
YearDIVOXDTE
2025$2.8660$13.4830
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 XDTE 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 Mar 7, 2024 would now be worth $13,823 in DIVO and $11,281 in XDTE.
PeriodDIVOXDTE
1 month1.37%-0.57%
3 months3.58%-0.88%
Year to date7.91%-3.86%
1 year8.28%-11.28%
3 years54.45%—
5 years59.59%—
  • DIVO
  • XDTE
94119144202420252026138113

Both series indexed to 100 on 2024-03-07 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
  • XDTE
0%10%20%29%39%Technology17.9%39.0%Financial Services24.1%11.1%Industrials12.7%7.8%Healthcare12.1%8.3%Consumer Cyclical6.9%9.9%Communication Services4.7%10.6%Consumer Defensive6.3%4.5%Energy7.4%3.1%Basic Materials5.8%1.7%Utilities2.0%2.1%Other0.0%1.8%
Top 10 holdings
Largest positions by portfolio weight.

XDTE6 holdings total

NameWeight
4SPY 271119C00077430SPY 11/19/2027 77.43 C89.76%
4SPX 270319C00678800SPX 03/19/2027 678.8 C67.92%
4SPX 270611C00678800SPX 06/11/2027 678.8 C24.55%
WEEKRoundhill Weekly T-Bill ETF7.48%
FGXXXFirst American Government Obligations Fund 12/01/20312.52%

Quick verdict

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

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Frequently asked questions

Is DIVO or XDTE better for dividend income?
It depends on your goals. DIVO currently yields 6.28% Trailing Twelve Months (TTM) while XDTE yields 30.05%. 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 XDTE?
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF listed on AMEX. Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, DIVO or XDTE?
DIVO has the lower expense ratio. DIVO charges 0.56% a year and XDTE charges 0.97%, a difference of $41 a year on a $10,000 investment.
Which has performed better, DIVO or XDTE?
Over the last 1 year, DIVO has the higher total return with dividends reinvested: DIVO returned 8.3% and XDTE returned -11.3%. Past performance does not predict future returns.
Which is riskier, DIVO or XDTE?
Measured by the worst peak-to-trough decline over the last five years, XDTE has been riskier: DIVO fell as much as 13.7% and XDTE as much as 19.1%. Their betas are 0.56 and 0.92.
How often do DIVO and XDTE pay dividends?
DIVO pays quarterly and XDTE pays weekly.
How much income does $10,000 in DIVO vs XDTE generate?
At current TTM yields, $10,000 in DIVO would generate roughly $52.35 per month ($628 annually). The same amount in XDTE would produce about $250.41 per month ($3005 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both DIVO and XDTE?
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 XDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how DIVO and XDTE 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.