DIVO vs JEPI: Which Covered Call ETF Is Better?

DIVO and JEPI 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 JEPI provides ~8.3% yield targeting income investor seeking stability and downside protection over maximum yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

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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

JEPI

JPMorgan Equity Premium Income ETF

S&P 500Inception: May 20, 2020

6.3

Overall Score

CriteriaDIVOJEPI
Overall Score
6.4
6.3
Total Return (25%)
7.2
4.8
Downside Protection (25%)
5.4
8.1
Upside Participation (25%)
7.7
5.9
Consistency (15%)
4.8
5.1
Expense Ratio (5%)
5.6
8.1
Liquidity (5%)
6.8
8.9
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Since Inception

3 Years

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Key Metrics

MetricDIVOJEPI
Expense Ratio0.550%0.350%
Inception DateDec 14, 2016May 20, 2020
IssuerAmplifyJPMorgan
Distribution FrequencyMonthlyMonthly
Maturity Rating5/5 stars5/5 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

JEPI

The reference standard of the sector — not the highest performer but the most resilient

Investor Profile:

Income investor seeking stability and downside protection over maximum yield

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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