GPIX and DIVO are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers a 8.22% yield, while DIVO provides a 6.49% 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
Goldman Sachs S&P 500 Premium Income ETF
7.60
Overall Score
Amplify CWP Enhanced Dividend Income ETF
7.09
Overall Score
| Criteria | GPIX | DIVO |
|---|---|---|
| Overall Score | 7.60 7.09 | |
| Total Return (25%) | 8.82 7.26 | |
| Downside Protection (25%) | 4.10 4.97 | |
| Upside Participation (25%) | 8.76 7.87 | |
| Consistency (15%) | 9.70 9.62 | |
| Expense Ratio (5%) | 8.88 5.62 | |
| Liquidity (5%) | 5.54 6.76 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | DIVO |
|---|---|---|
| Expense Ratio | 0.290% | 0.560% |
| Inception Date | Mar 1, 2023 | Dec 14, 2016 |
| Issuer | Goldman Sachs | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 5/5 stars |
Matched SPY's 2026 return (+12.7%) while paying 8.2%, but yields 3.7 points less than SPYI.
Investor Profile:
GPIX is an actively managed Goldman Sachs fund that holds 488 stocks in the S&P 500. It sells call options on a variable share of the portfolio, between 25% and 75%, which keeps part of the portfolio exposed to rallies. It pays monthly and charges 0.29%.
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.
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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