DIVO and XYLD are both covered call ETFs tracking the same benchmark, but with different approaches. DIVO offers a 6.49% yield, while XYLD provides a 10.41% 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
Global X S&P 500 Covered Call ETF
5.79
Overall Score
| Criteria | DIVO | XYLD |
|---|---|---|
| Overall Score | 7.09 5.79 | |
| Total Return (25%) | 7.26 3.79 | |
| Downside Protection (25%) | 4.97 5.90 | |
| Upside Participation (25%) | 7.87 6.45 | |
| Consistency (15%) | 9.62 7.61 | |
| Expense Ratio (5%) | 5.62 5.00 | |
| Liquidity (5%) | 6.76 7.23 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | DIVO | XYLD |
|---|---|---|
| Expense Ratio | 0.560% | 0.600% |
| Inception Date | Dec 14, 2016 | Jun 24, 2013 |
| Issuer | Amplify | Global X |
| 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 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.
Investor Profile:
XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.
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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