BALI and DIVO are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers ~8% yield with a focus on cost-conscious investor seeking passive s&p 500 covered call exposure, while DIVO provides ~4.5% yield targeting investor prioritizing quality and predictability over yield maximization. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
iShares S&P 500 BuyWrite ETF
6.8
Overall Score
Amplify CWP Enhanced Dividend Income ETF
6.4
Overall Score
| Criteria | BALI | DIVO |
|---|---|---|
| Overall Score | 6.8 6.4 | |
| Total Return (25%) | 8.7 7.2 | |
| Downside Protection (25%) | 4.0 5.4 | |
| Upside Participation (25%) | 8.7 7.7 | |
| Consistency (15%) | 4.8 4.8 | |
| Expense Ratio (5%) | 9.4 5.6 | |
| Liquidity (5%) | 4.9 6.8 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | DIVO |
|---|---|---|
| Expense Ratio | 0.250% | 0.550% |
| Inception Date | Oct 18, 2022 | Dec 14, 2016 |
| Issuer | BlackRock | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 stars |
The cheapest S&P 500 covered call ETF — but 2-star maturity and very low downside protection are concerns
Investor Profile:
Cost-conscious investor seeking passive S&P 500 covered call exposure
The most mature and defensible in our ranking — DIVO proves portfolio quality matters more than option mechanics
Investor Profile:
Investor prioritizing quality and predictability over yield maximization
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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