DIVO and BALI are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers ~4.5% yield with a focus on investor prioritizing quality and predictability over yield maximization, while BALI provides ~8% yield targeting cost-conscious investor seeking passive s&p 500 covered call exposure. 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
Amplify CWP Enhanced Dividend Income ETF
6.4
Overall Score
iShares S&P 500 BuyWrite ETF
6.2
Overall Score
| Criteria | DIVO | BALI |
|---|---|---|
| Overall Score | 6.4 6.2 | |
| Total Return (25%) | 7.1 8.5 | |
| Downside Protection (25%) | 5.3 1.6 | |
| Upside Participation (25%) | 7.7 8.9 | |
| Consistency (15%) | 4.8 5.2 | |
| Expense Ratio (5%) | 5.6 9.4 | |
| Liquidity (5%) | 6.8 4.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | BALI |
|---|---|---|
| Expense Ratio | 0.550% | 0.250% |
| Inception Date | Dec 14, 2016 | Oct 18, 2022 |
| Issuer | Amplify | BlackRock |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
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
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