DIVO and FTHI are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while FTHI provides a 8.97% 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
First Trust BuyWrite Income ETF
5.78
Overall Score
| Criteria | DIVO | FTHI |
|---|---|---|
| Overall Score | 7.09 5.78 | |
| Total Return (25%) | 7.26 3.80 | |
| Downside Protection (25%) | 4.97 5.38 | |
| Upside Participation (25%) | 7.87 6.54 | |
| Consistency (15%) | 9.62 9.93 | |
| Expense Ratio (5%) | 5.62 1.88 | |
| Liquidity (5%) | 6.76 5.27 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | FTHI |
|---|---|---|
| Expense Ratio | 0.560% | 0.750% |
| Inception Date | Dec 14, 2016 | Jan 6, 2014 |
| Issuer | Amplify | First Trust |
| 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.
A 9.0% yield with a 69% overwrite, but the worst drawdown (-23.6%) was nearly identical to SPY's (-23.9%).
Investor Profile:
FTHI holds about 192 U.S.-listed equities of all sizes and writes covered calls on the S&P 500 Index. The overwrite averages 69% of NAV, with calls about 0.6% out of the money and 26 days to expiry on average. First Trust Advisors manages it and the fund 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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