DIVO and ETV 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 ETV provides ~8% yield targeting income investor comfortable with cef structure seeking long track record. 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
Eaton Vance Tax-Managed Buy-Write Opportunities
5.5
Overall Score
| Criteria | DIVO | ETV |
|---|---|---|
| Overall Score | 6.4 5.5 | |
| Total Return (25%) | 7.3 5.8 | |
| Downside Protection (25%) | 5.3 3.5 | |
| Upside Participation (25%) | 7.8 8.2 | |
| Consistency (15%) | 4.8 5.0 | |
| Expense Ratio (5%) | 5.6 1.4 | |
| Liquidity (5%) | 6.8 5.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | ETV |
|---|---|---|
| Expense Ratio | 0.550% | 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 |
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
Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees
Investor Profile:
Income investor comfortable with CEF structure seeking long track record