JEPI and DIVO are both covered call ETFs tracking the same benchmark, but with different approaches. JEPI offers a 8.20% 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
JPMorgan Equity Premium Income ETF
6.90
Overall Score
Amplify CWP Enhanced Dividend Income ETF
7.09
Overall Score
| Criteria | JEPI | DIVO |
|---|---|---|
| Overall Score | 6.90 7.09 | |
| Total Return (25%) | 5.05 7.26 | |
| Downside Protection (25%) | 8.27 4.97 | |
| Upside Participation (25%) | 6.00 7.87 | |
| Consistency (15%) | 8.12 9.62 | |
| Expense Ratio (5%) | 8.12 5.62 | |
| Liquidity (5%) | 8.89 6.76 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPI | DIVO |
|---|---|---|
| Expense Ratio | 0.350% | 0.560% |
| Inception Date | May 20, 2020 | Dec 14, 2016 |
| Issuer | JPMorgan | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
Cut volatility by a third (10.0% vs 15.7%) and the 2022 loss to -3.5%, but captured only 60% of S&P 500 upside, so five-year return is half of SPY's.
Investor Profile:
JEPI is an actively managed JPMorgan fund that holds a low-volatility basket of about 142 large-cap U.S. stocks. It earns option income through equity-linked notes (ELNs) on the S&P 500, about 15% of the portfolio against a 20% regulatory cap. The ELNs are unsecured bank obligations spread across at least six issuers. It pays monthly and charges 0.35%.
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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