DIVO vs GPIX: Which Covered Call ETF Is Better?

DIVO and GPIX 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 GPIX provides ~8.6% yield targeting investor seeking s&p 500 covered call with minimum costs. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

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Step 2: Select ETFs to Compare

DIVO

Amplify CWP Enhanced Dividend Income ETF

S&P 500Inception: Dec 14, 2016

6.4

Overall Score

GPIX

Goldman Sachs S&P 500 Premium Income ETF

S&P 500Inception: Mar 1, 2023

6.5

Overall Score

CriteriaDIVOGPIX
Overall Score
6.4
6.5
Total Return (25%)
7.2
8.6
Downside Protection (25%)
5.4
3.3
Upside Participation (25%)
7.7
8.7
Consistency (15%)
4.8
4.4
Expense Ratio (5%)
5.6
8.9
Liquidity (5%)
6.8
5.5
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Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

Pro only

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Key Metrics

MetricDIVOGPIX
Expense Ratio0.550%0.290%
Inception DateDec 14, 2016Mar 1, 2023
IssuerAmplifyGoldman Sachs
Distribution FrequencyMonthlyMonthly
Maturity Rating5/5 stars2/5 stars

Verdicts

DIVO

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

GPIX

Direct competitor to SPYI — GPIX wins on fees, SPYI wins on yield

Investor Profile:

Investor seeking S&P 500 covered call with minimum costs

Full scores for these funds

See where these rank against every SPY fund

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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