SPYI and DIVO are both covered call ETFs tracking the same benchmark, but with different approaches. SPYI offers ~11.7% yield with a focus on investor in taxable accounts seeking tax-efficient income, while DIVO provides ~4.5% yield targeting investor prioritizing quality and predictability over yield maximization. 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 S&P 500 High Income ETF
6.1
Overall Score
Amplify CWP Enhanced Dividend Income ETF
6.4
Overall Score
| Criteria | SPYI | DIVO |
|---|---|---|
| Overall Score | 6.1 6.4 | |
| Total Return (25%) | 6.9 7.1 | |
| Downside Protection (25%) | 5.3 5.3 | |
| Upside Participation (25%) | 7.4 7.7 | |
| Consistency (15%) | 4.3 4.8 | |
| Expense Ratio (5%) | 4.0 5.6 | |
| Liquidity (5%) | 7.4 6.8 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | DIVO |
|---|---|---|
| Expense Ratio | 0.680% | 0.550% |
| Inception Date | Aug 30, 2022 | Dec 14, 2016 |
| Issuer | NEOS | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 stars |
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
The most mature and defensible in our ranking — DIVO proves portfolio quality matters more than option mechanics
Investor Profile:
Investor prioritizing quality and predictability over yield maximization