DIVO and ISPY are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while ISPY provides a 5.26% 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
ProShares S&P 500 High Income ETF
5.61
Overall Score
| Criteria | DIVO | ISPY |
|---|---|---|
| Overall Score | 7.09 5.61 | |
| Total Return (25%) | 7.26 7.63 | |
| Downside Protection (25%) | 4.97 — | |
| Upside Participation (25%) | 7.87 8.95 | |
| Consistency (15%) | 9.62 6.00 | |
| Expense Ratio (5%) | 5.62 5.62 | |
| Liquidity (5%) | 6.76 5.74 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | ISPY |
|---|---|---|
| Expense Ratio | 0.560% | 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 |
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.
Daily calls leave 89% of S&P 500 upside but 111% of the downside, for a 5.3% yield.
Investor Profile:
ISPY holds 514 S&P 500 stocks and describes its approach as a covered call strategy using daily options. It aims for monthly income and long-term returns in line with the S&P 500, and its page compares it with the S&P 500 Daily Covered Call Index. The page does not say whether the options are on an index or an ETF, or how much of the portfolio is covered.
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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