ETF Versus

DIVO vs VIG

Amplify CWP Enhanced Dividend Income ETF vs Vanguard Dividend Appreciation Index Fund ETF Shares

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
VIG Vanguard

Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.60%. Launched in 2006, the fund has a 20-year track record.

AUM: $97.2B ER: 0.04% Yield: 1.60% Since: Apr 21, 2006

Quick Verdict

VIG is significantly cheaper at 0.04% vs 0.56% expense ratio, saving you approximately $1.014 per $10,000 invested over 10 years. VIG has edged ahead over the past year (11.4% vs 10.3%). Income investors may prefer DIVO for its higher yield (6.5% vs 1.6%).

Key Metrics

Metric DIVO VIG
Expense Ratio 0.56% 0.04%
Dividend Yield 6.5% 1.6%
Fund Family N/A Vanguard
Category US Dividend US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

90 103 116 129 142 155 2021-04 2022-06 2023-09 2024-12 2026-04
DIVO +29.0%
VIG +43.7%

Performance Comparison

Period DIVO VIG Difference
1 Month -3.83% -5.05% +1.22%
3 Months +0.51% -2.23% +2.74%
6 Months +0.67% -0.97% +1.64%
YTD +0.51% -2.23% +2.74%
1 Year +10.34% +11.38% -1.04%
3 Years +25.33% +39.10% -13.77%
5 Years +29.04% +43.71% -14.67%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DIVO Fees VIG Fees You Save
$10.000 10 years $1.094 $80 $1.014
$10.000 20 years $4.603 $344 $4.259
$10.000 30 years $14.531 $1.112 $13.419
$50.000 10 years $5.468 $399 $5.069
$50.000 30 years $72.656 $5.560 $67.095
$100.000 30 years $145.312 $11.121 $134.191

Risk Metrics

Based on 5 years of daily returns

Metric DIVO VIG
Annualized Volatility 12.1% 14.3%
Max Drawdown -16.6% -21.5%
Sharpe Ratio 0.11 0.27

Dividend Comparison

Metric DIVO VIG
Annual Dividend (per share) $2.91 $3.45
Dividend Yield 6.48% 1.60%
Distribution Frequency Monthly Quarterly

Top Holdings

3 of top 10 holdings overlap (30% 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%

VIG Top Holdings

NameWeight
Broadcom Inc.AVGO5.92%
Apple Inc.AAPL3.89%
Eli Lilly and CompanyLLY3.70%
Microsoft CorporationMSFT3.45%
JPMorgan Chase & Co.JPM3.42%
Exxon Mobil CorporationXOM2.87%
Johnson & JohnsonJNJ2.65%
Walmart Inc.WMT2.48%
Visa Inc.V2.23%
Costco Wholesale CorporationCOST1.98%

Which One Should You Choose?

Choose VIG if...

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

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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