ETF Versus

DIVO vs DVY

Amplify CWP Enhanced Dividend Income ETF vs iShares Select Dividend ETF

Last updated: 2026-04-02

Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a high expense ratio of 0.56%. The fund offers a high dividend yield of 6.48%. Launched in 2016, the fund has a 10-year track record.

AUM: $6.5B ER: 0.56% Yield: 6.48% Since: Dec 14, 2016
DVY iShares

iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003

Quick Verdict

DVY is significantly cheaper at 0.38% vs 0.56% expense ratio, saving you approximately $346 per $10,000 invested over 10 years. DVY has edged ahead over the past year (12.6% vs 10.3%). Income investors may prefer DIVO for its higher yield (6.5% vs 3.5%).

Key Metrics

Metric DIVO DVY
Expense Ratio 0.56% 0.38%
Dividend Yield 6.5% 3.5%
Fund Family N/A iShares
Category US Dividend US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 96 107 118 129 140 2021-04 2022-06 2023-09 2024-12 2026-04
DIVO +29.0%
DVY +30.7%

Performance Comparison

Period DIVO DVY Difference
1 Month -3.83% -3.15% -0.68%
3 Months +0.51% +5.89% -5.38%
6 Months +0.67% +5.53% -4.86%
YTD +0.51% +5.89% -5.38%
1 Year +10.34% +12.56% -2.22%
3 Years +25.33% +28.73% -3.40%
5 Years +29.04% +30.67% -1.63%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DIVO Fees DVY Fees You Save
$10.000 10 years $1.094 $748 $346
$10.000 20 years $4.603 $3.173 $1.430
$10.000 30 years $14.531 $10.097 $4.434
$50.000 10 years $5.468 $3.739 $1.730
$50.000 30 years $72.656 $50.486 $22.170
$100.000 30 years $145.312 $100.972 $44.340

Risk Metrics

Based on 5 years of daily returns

Metric DIVO DVY
Annualized Volatility 12.1% 15.5%
Max Drawdown -16.6% -22.1%
Sharpe Ratio 0.11 0.13

Dividend Comparison

Metric DIVO DVY
Annual Dividend (per share) $2.91 $5.24
Dividend Yield 6.48% 3.47%
Distribution Frequency Monthly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

DIVO Top Holdings

NameWeight
RTX CorporationRTX5.23%
The Goldman Sachs Group, Inc.GS5.04%
JPMorgan Chase & Co.JPM5.00%
Chevron CorporationCVX4.99%
American Express CompanyAXP4.86%
Caterpillar Inc.CAT4.84%
Apple Inc.AAPL4.81%
Microsoft CorporationMSFT4.69%
The TJX Companies, Inc.TJX4.65%
Amplify Samsung SOFR ETF#SOFR4.47%

DVY Top Holdings

NameWeight
Pfizer Inc.PFE2.33%
Altria Group, Inc.MO2.17%
Verizon Communications Inc.VZ2.01%
ONEOK, Inc.OKE1.93%
Prudential Financial, Inc.PRU1.81%
T. Rowe Price Group, Inc.TROW1.75%
LyondellBasell Industries N.V.LYB1.70%
General Mills, Inc.GIS1.62%
Edison InternationalEIX1.60%
Kimberly-Clark CorporationKMB1.57%

Which One Should You Choose?

Choose DVY if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose DVY if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose DIVO if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Either works if...

you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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