SPYI and IDVO 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 IDVO provides ~6.5% yield targeting income investors seeking international diversification with covered call overlay. 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
6.2
Overall Score
Amplify CWP International Enhanced Dividend Income ETF
7.9
Overall Score
| Criteria | SPYI | IDVO |
|---|---|---|
| Overall Score | 6.2 7.9 | |
| Total Return (25%) | 7.1 10.0 | |
| Downside Protection (25%) | 5.5 7.0 | |
| Upside Participation (25%) | 7.5 9.5 | |
| Consistency (15%) | 4.3 5.1 | |
| Expense Ratio (5%) | 4.0 4.4 | |
| Liquidity (5%) | 7.4 6.4 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | IDVO |
|---|---|---|
| Expense Ratio | 0.680% | 0.650% |
| Inception Date | Aug 30, 2022 | Jan 1, 2022 |
| Issuer | NEOS | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 3/5 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
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
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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