Dividend comparison
QYLD vs DIVO: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Global X - Nasdaq 100 Covered Call ETF and Amplify CWP Enhanced Dividend Income ETF, side by side. Updated October 21, 2026.
- Fees. DIVO is cheaper at 0.56% a year versus 0.60% for QYLD. On $10,000 that is $4 a year less in fees.
- Income. QYLD pays more income, yielding 11.66% over the last twelve months versus 6.28% for DIVO. That is about $537 more a year on $10,000. QYLD pays monthly, DIVO pays quarterly.
- Performance. Over the last 5 years, DIVO returned 59.6% versus 34.3% for QYLD, with dividends reinvested. $10,000 would have grown to $15,959 in DIVO and $13,431 in QYLD.
- Risk. QYLD has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -24.5%, against -13.7% for DIVO.
- Diversification. QYLD holds 102 positions and DIVO holds 30.
- Dividend growth. DIVO grew its yearly payout 11.9% a year over the last 4 years, versus -2.0% for QYLD.
Bottom line: QYLD fits better if you care most about more income today and broader diversification. DIVO fits better if you care most about lower fees, stronger 5-year returns, smaller drawdowns and faster dividend growth.
| Metric | QYLD Global X - Nasdaq 100 Covered Call ETF | DIVO Amplify CWP Enhanced Dividend Income ETF |
|---|---|---|
| Dividend yield (TTM) | 11.66% | 6.28% |
| Dividend / share (TTM) | $2.13 | $3.02 |
| Payout frequency | Monthly | Quarterly |
| Last dividend | $0.1767 on Sep 24, 2026 | $0.1890 on Sep 30, 2026 |
| Ex-dividend date | Oct 19, 2026 | Sep 29, 2026 |
| Next payment | $0.1830 on Oct 22, 2026 | — |
| Dividend growth (CAGR) | -2.0% over 4 yrs | 11.9% over 4 yrs |
| Price | $18.28 | $48.02 |
| Dividend growth streak | — | 3 years |
| Beta | 0.48 | 0.56 |
| Max drawdown (5Y) | -24.5% | -13.7% |
| Market cap | $8.38B | $8.01B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | 0.60% | 0.56% |
| Assets under management | $8.36B | $7.99B |
| Number of holdings | 102 | 30 |
| Top 10 concentration | 48.9% | — |
QYLD
$97.14/mo
$1166 /yr at 11.66% yield
DIVO
$52.35/mo
$628 /yr at 6.28% yield
| Year | QYLD | DIVO |
|---|---|---|
| 2025 | $2.3793 | $2.8660 |
| 2024 | $2.1045 | $1.9013 |
| 2023 | $2.0380 | $1.7085 |
| 2022 | $2.5261 | $1.7074 |
| 2021 | $2.5810 | $1.8280 |
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 QYLD vs DIVO actually do
It follows the Cboe Nasdaq-100 BuyWrite V2 Index: hold the constituents, then write a one-month index call struck at roughly the current level. Writing at the money collects the maximum premium but leaves almost no room to participate when the index rises, so in an up year the fund keeps the premium and forfeits the move. Global X's stated guideline caps the monthly distribution at the lower of half the premiums received or 1% of net asset value, with the excess reinvested.
Suits an investor whose priority is the largest, steadiest monthly payment available from Nasdaq exposure and who does not need the principal to grow. It is a poor long-horizon holding: surrendering nearly all upside on a high-growth index while paying out the premium has historically left the share price grinding lower over full cycles.
Maximum current income, capped upside
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
| Period | QYLD | DIVO |
|---|---|---|
| 1 month | -0.49% | 1.37% |
| 3 months | 2.64% | 3.58% |
| Year to date | 3.45% | 7.91% |
| 1 year | 6.96% | 8.28% |
| 3 years | 42.70% | 54.45% |
| 5 years | 34.31% | 59.59% |
- QYLD
- DIVO
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
- QYLD
- DIVO
Quick verdict
QYLD fits better if you care most about more income today and broader diversification. DIVO fits better if you care most about lower fees, stronger 5-year returns, smaller drawdowns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Frequently asked questions
Is QYLD or DIVO better for dividend income?
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Which has performed better, QYLD or DIVO?
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How often do QYLD and DIVO pay dividends?
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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.