BALI and DIVO are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while DIVO provides a 6.49% yield. 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 U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
Amplify CWP Enhanced Dividend Income ETF
7.09
Overall Score
| Criteria | BALI | DIVO |
|---|---|---|
| Overall Score | 7.26 7.09 | |
| Total Return (25%) | 9.07 7.26 | |
| Downside Protection (25%) | 3.93 4.97 | |
| Upside Participation (25%) | 8.88 7.87 | |
| Consistency (15%) | 7.19 9.62 | |
| Expense Ratio (5%) | 9.38 5.62 | |
| Liquidity (5%) | 4.90 6.76 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | DIVO |
|---|---|---|
| Expense Ratio | 0.350% | 0.560% |
| Inception Date | Oct 18, 2022 | Dec 14, 2016 |
| Issuer | BlackRock | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 stars |
Keeps 89% of S&P 500 upside for a 7.8% yield, but with 36 months of history and 80% down capture the downside protection is modest.
Investor Profile:
BALI is an actively managed BlackRock fund run by its Systematic Active Equity team (Robert Fisher, Travis Cooke, Raffaele Savi). It holds about 203 large-cap U.S. stocks, with technology at 36.8% of assets. It sells call options on a large-cap equity index to collect premium and pays monthly. Its benchmark is the S&P 500.
A dividend-growth portfolio that cut its worst drawdown to -18.5% (SPY -23.9%) while paying 6.5%, lower than most S&P 500 income peers.
Investor Profile:
DIVO is an actively managed fund sub-advised by Capital Wealth Planning. It holds a concentrated portfolio of large-cap companies with a record of dividend and earnings growth, 31 positions as of October 2026. Covered calls are written tactically on individual stocks, and the share of the portfolio covered is not disclosed. It pays monthly.
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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