IDVO and SPYI are both covered call ETFs tracking the same benchmark, but with different approaches. IDVO offers ~6.5% yield with a focus on income investors seeking international diversification with covered call overlay, while SPYI provides ~11.7% yield targeting investor in taxable accounts seeking tax-efficient income. 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 International Enhanced Dividend Income ETF
7.9
Overall Score
NEOS S&P 500 High Income ETF
6.2
Overall Score
| Criteria | IDVO | SPYI |
|---|---|---|
| Overall Score | 7.9 6.2 | |
| Total Return (25%) | 10.0 7.1 | |
| Downside Protection (25%) | 7.0 5.5 | |
| Upside Participation (25%) | 9.5 7.5 | |
| Consistency (15%) | 5.1 4.3 | |
| Expense Ratio (5%) | 4.4 4.0 | |
| Liquidity (5%) | 6.4 7.4 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | IDVO | SPYI |
|---|---|---|
| Expense Ratio | 0.650% | 0.680% |
| Inception Date | Jan 1, 2022 | Aug 30, 2022 |
| Issuer | Amplify | NEOS |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 3/5 stars |
Unique international exposure in a covered call wrapper. Best used as a diversifier alongside US-focused funds.
Investor Profile:
Income investors seeking international diversification with covered call overlay
The optimal choice for taxable accounts — the Section 1256 tax advantage is underappreciated by the market
Investor Profile:
Investor in taxable accounts seeking tax-efficient income
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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