DIVO and ISPY 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 ISPY provides ~10% yield targeting yield-focused investor accepting minimal downside protection. 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
ProShares S&P 500 High Income ETF
5.5
Overall Score
| Criteria | DIVO | ISPY |
|---|---|---|
| Overall Score | 6.4 5.5 | |
| Total Return (25%) | 7.1 7.8 | |
| Downside Protection (25%) | 5.3 — | |
| Upside Participation (25%) | 7.7 9.2 | |
| Consistency (15%) | 4.8 4.3 | |
| Expense Ratio (5%) | 5.6 5.6 | |
| Liquidity (5%) | 6.8 5.7 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | ISPY |
|---|---|---|
| Expense Ratio | 0.550% | 0.550% |
| Inception Date | Dec 14, 2016 | Mar 22, 2023 |
| Issuer | Amplify | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 2/5 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
High yield but zero downside protection is a significant red flag — not suitable as a defensive holding
Investor Profile:
Yield-focused investor accepting minimal downside protection