IWMI and QDVO are both covered call ETFs tracking the same benchmark, but with different approaches. IWMI offers ~13% yield with a focus on investor seeking tax-efficient small cap income exposure, while QDVO provides ~5.8% yield targeting growth investors who want some income without fully sacrificing upside participation. 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
NEOS Russell 2000 High Income ETF
6.5
Overall Score
Amplify CWP Growth & Income ETF
7.2
Overall Score
| Criteria | IWMI | QDVO |
|---|---|---|
| Overall Score | 6.5 7.2 | |
| Total Return (25%) | 8.6 10.0 | |
| Downside Protection (25%) | 5.1 3.9 | |
| Upside Participation (25%) | 8.0 10.0 | |
| Consistency (15%) | 4.2 4.5 | |
| Expense Ratio (5%) | 4.0 5.6 | |
| Liquidity (5%) | 4.9 5.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | IWMI | QDVO |
|---|---|---|
| Expense Ratio | 0.680% | 0.550% |
| Inception Date | Sep 14, 2023 | Jan 1, 2022 |
| Issuer | NEOS | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 3/5 stars |
Structurally superior to RYLD — but 2-star maturity means limited track record to verify
Investor Profile:
Investor seeking tax-efficient small cap income exposure
The aggressive sibling of DIVO. Higher risk, higher upside potential. Not for conservative income investors.
Investor Profile:
Growth investors who want some income without fully sacrificing upside participation