DIVO and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while RSPA provides a 9.42% 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 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | DIVO | RSPA |
|---|---|---|
| Overall Score | 7.09 6.25 | |
| Total Return (25%) | 7.26 5.78 | |
| Downside Protection (25%) | 4.97 3.65 | |
| Upside Participation (25%) | 7.87 6.84 | |
| Consistency (15%) | 9.62 10.00 | |
| Expense Ratio (5%) | 5.62 7.62 | |
| Liquidity (5%) | 6.76 6.01 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | RSPA |
|---|---|---|
| Expense Ratio | 0.560% | 0.390% |
| Inception Date | Dec 14, 2016 | Jul 1, 2024 |
| Issuer | Amplify | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 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.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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