DIVO and PUTW are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while PUTW provides a n/a 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
WisdomTree PutWrite Strategy Fund
6.13
Overall Score
| Criteria | DIVO | PUTW |
|---|---|---|
| Overall Score | 7.09 6.13 | |
| Total Return (25%) | 7.26 3.71 | |
| Downside Protection (25%) | 4.97 6.98 | |
| Upside Participation (25%) | 7.87 5.96 | |
| Consistency (15%) | 9.62 8.82 | |
| Expense Ratio (5%) | 5.62 7.00 | |
| Liquidity (5%) | 6.76 5.91 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | PUTW |
|---|---|---|
| Expense Ratio | 0.560% | 0.440% |
| Inception Date | Dec 14, 2016 | Feb 24, 2016 |
| Issuer | Amplify | WisdomTree |
| 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.
Put-writing delivered 61% of S&P 500 upside and 63% of the downside, and the April 2025 index change limits how far its history can be trusted.
Investor Profile:
Since April 4, 2025 the fund trades under the ticker WTPI and tracks the Volos US Large Cap Target 2.5% PutWrite Index. It sells put options on SPY and holds U.S. Treasury bills as collateral, 96% T-bills and 4% a Treasury floating-rate fund as of October 2026. The index replaced the earlier CBOE PUT index approach, so earlier history reflects a different strategy. 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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