Amplify CWP Enhanced Dividend Income ETF (DIVO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DIVO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DIVO
DIVO charges 0.56% annually. There are 50 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | DIVO vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | DIVO vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | DIVO vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | DIVO vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | DIVO vs TLTX |
Best Risk-Adjusted Alternatives to DIVO
DIVO has a PortfoliosLab risk / return rank of 84. There are 32 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | DIVO vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | DIVO vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | DIVO vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | DIVO vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | DIVO vs RYLD |
Top Performing DIVO Alternatives (YTD)
DIVO is at 8.84% YTD. There are 109 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | DIVO vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | DIVO vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | DIVO vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | DIVO vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | DIVO vs SOXY |
Lowest Volatility Alternatives to DIVO
DIVO has 9.30% 1-year volatility. There are 31 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | DIVO vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | DIVO vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | DIVO vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | DIVO vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | DIVO vs BUYW |
Lowest Drawdown Alternatives to DIVO
DIVO has a 1-year max drawdown of -5.95%. There are 24 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | DIVO vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | DIVO vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | DIVO vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | DIVO vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | DIVO vs THTA |
Other ETFs from Amplify
The 10 most viewed Amplify ETFs shown here include QDVO, IDVO, SILJ and span 15 categories. AUM among these funds goes as high as $3B.
Often Compared With DIVO
Investors most often compare DIVO with JEPI, SCHD, JEPQ. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare DIVO with Any Fund or Stock
Compare DIVO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DIVO with funds that move differently
Amplify CWP Enhanced Dividend Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DIVO.
Explore DIVO Diversifiers