DIVO and ETV are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while ETV provides a 7.99% 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
Amplify CWP Enhanced Dividend Income ETF
7.09
Overall Score
Eaton Vance Tax-Managed Buy-Write Opportunities
5.96
Overall Score
| Criteria | DIVO | ETV |
|---|---|---|
| Overall Score | 7.09 5.96 | |
| Total Return (25%) | 7.26 5.09 | |
| Downside Protection (25%) | 4.97 3.71 | |
| Upside Participation (25%) | 7.87 7.82 | |
| Consistency (15%) | 9.62 9.89 | |
| Expense Ratio (5%) | 5.62 1.38 | |
| Liquidity (5%) | 6.76 4.98 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | ETV |
|---|---|---|
| Expense Ratio | 0.560% | 0.890% |
| Inception Date | Dec 14, 2016 | Sep 30, 2005 |
| Issuer | Amplify | Eaton Vance |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
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.
The call overlay costs upside (78% captured) without cushioning losses (95% down capture), and a 1.08% expense ratio adds to the drag.
Investor Profile:
ETV is a closed-end fund that holds two stock segments: one seeks to beat the S&P 500, the other the Nasdaq-100. It sells index call options continuously on at least 80% of each segment, with S&P 500 calls on the first and Nasdaq-100 calls on the second. The fund is tax-managed, uses no leverage, and pays monthly. Its shares trade at a discount to NAV of about 9%.
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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