SCHD vs. DIVO

Last updated Apr 3, 2026

Compare and contrast key facts about Schwab U.S. Dividend Equity ETF (SCHD) and Amplify CWP Enhanced Dividend Income ETF (DIVO).

SCHD and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. DIVO is an actively managed fund by Amplify. It was launched on Dec 13, 2016.

Performance

SCHD vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

SCHD vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHD Schwab U.S. Dividend Equity ETF	12.35%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%
DIVO Amplify CWP Enhanced Dividend Income ETF	2.35%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%

Returns By Period

In the year-to-date period, SCHD achieves a 12.35% return, which is significantly higher than DIVO's 2.35% return.

SCHD

• 1D: 0.16%
• 1M: -2.44%
• YTD: 12.35%
• 6M: 13.88%
• 1Y: 13.89%
• 3Y*: 11.70%
• 5Y*: 8.35%
• 10Y*: 12.30%

DIVO

• 1D: 0.16%
• 1M: -2.94%
• YTD: 2.35%
• 6M: 5.61%
• 1Y: 17.36%
• 3Y*: 13.86%
• 5Y*: 11.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHD vs. DIVO - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than DIVO's 0.56% expense ratio.

DIVO

Amplify CWP Enhanced Dividend Income ETF

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

SCHD vs. DIVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHD

SCHD Risk / Return Rank: 40
SCHD Sharpe Ratio Rank: 44
SCHD Sortino Ratio Rank: 45
SCHD Omega Ratio Rank: 44
SCHD Calmar Ratio Rank: 34
SCHD Martin Ratio Rank: 34

DIVO

DIVO Risk / Return Rank: 72
DIVO Sharpe Ratio Rank: 70
DIVO Sortino Ratio Rank: 72
DIVO Omega Ratio Rank: 73
DIVO Calmar Ratio Rank: 66
DIVO Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHD vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and Amplify CWP Enhanced Dividend Income ETF (DIVO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SCHD	DIVO	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.33	-0.44
Sortino ratio Return per unit of downside risk	1.34	1.94	-0.61
Omega ratio Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio Return relative to maximum drawdown	1.09	1.96	-0.87
Martin ratio Return relative to average drawdown	3.69	9.17	-5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHD vs. DIVO - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 0.89, which is lower than the DIVO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SCHD and DIVO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCHD	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.33	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.93	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.83	0.00

Correlation

The correlation between SCHD and DIVO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SCHD vs. DIVO - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.45%, less than DIVO's 6.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.47%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%	0.00%	0.00%

Drawdowns

SCHD vs. DIVO - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for SCHD and DIVO.

Drawdown Indicators

	SCHD	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-30.04%	-3.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-6.35%	-2.67%
Max Drawdown (5Y) Largest decline over 5 years	-16.85%	-13.72%	-3.13%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	—	—
Current Drawdown Current decline from peak	-3.27%	-3.81%	+0.54%
Average Drawdown Average peak-to-trough decline	-3.34%	-2.62%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	1.97%	+1.79%

Volatility

SCHD vs. DIVO - Volatility Comparison

The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 2.35%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 3.57%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHD	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	3.57%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	7.01%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	13.13%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	11.92%	+2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	14.92%	+1.77%