DIVO and PBP are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while PBP provides a 11.36% 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
Invesco S&P 500 BuyWrite ETF
5.76
Overall Score
| Criteria | DIVO | PBP |
|---|---|---|
| Overall Score | 7.09 5.76 | |
| Total Return (25%) | 7.26 2.53 | |
| Downside Protection (25%) | 4.97 8.47 | |
| Upside Participation (25%) | 7.87 5.37 | |
| Consistency (15%) | 9.62 7.22 | |
| Expense Ratio (5%) | 5.62 6.38 | |
| Liquidity (5%) | 6.76 5.41 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | PBP |
|---|---|---|
| Expense Ratio | 0.560% | 0.490% |
| Inception Date | Dec 14, 2016 | Dec 20, 2007 |
| Issuer | Amplify | Invesco |
| 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.
Cut volatility to 8.9% (SPY 15.7%) and pays 11.4%, but it captured 54% of S&P 500 upside and 58% of the downside.
Investor Profile:
PBP tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, about 507 positions, and sells at-the-money one-month call options on the S&P 500 index. The rules are mechanical, with no active manager decisions. It 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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