Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

APLY vs DIVO: which paid, and which earned it?

Over the year APLY paid 32.4% of its price in cash against DIVO’s 6.8%, and returned more with it reinvested.

YieldMax(R) AAPL Option Income Strategy ETF and Amplify CWP Enhanced Dividend Income ETF, side by side, income ETFs on ETFIQ.

32.4%APLY cash paid, 1 year
6.8%DIVO cash paid, 1 year
+26.4%APLY total return, 1 year
+16.3%DIVO total return, 1 year

ETFIQ Return Stability Score: DIVO scores higher

Was the payout funded by returns, or by your own capital?

APLY 45.9DIVO 75.89.1, the lowest in this set97.6, the highest

A percentile among the 61 income ETFs writing on a single company. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

APLY18.6 pts behind AAPL · 1 year to Sep 11, 2026
AAPL+45.0%APLY+26.4%32.4% of it arrived as cash18.6 pts behind AAPLTotal return, distributions reinvestedAAPL+45.0%APLY+26.4%32.4% cash18.6 pts behind AAPL
DIVO1.2 pts behind SPY · 1 year to Sep 11, 2026
SPY+17.5%DIVO+16.3%6.8% as cash1.2 pts behind SPYTotal return, distributions reinvestedSPY+17.5%DIVO+16.3%1.2 pts behind SPY

What they hold in common

By the books each fund has filed, APLY and DIVO hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in APLYOnly in DIVO
TREASURY BILL 27.23%Microsoft Corp 6.27%
TREASURY BILL 19.97%Apple Inc 5.60%
TREASURY BILL 19.80%Caterpillar Inc 5.24%
TREASURY BILL 19.47%Visa Inc 5.14%
TREASURY BILL 13.52%JPMORGAN CHASE & CO. 4.96%
Goldman Sachs Group Inc/The 4.95%
Chevron Corp 4.90%
Amgen Inc 4.61%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 14, 2026.

Performance, window by window

APLY and DIVO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
APLYDIVOAPLYDIVOAPLYDIVO
3 months+8.2%+4.1%8.3%1.2%−6.1 pts+0.8 pts
6 months+21.6%+8.2%18.2%2.5%−11.4 pts−7.8 pts
1 year+26.4%+16.3%32.4%6.8%−18.6 pts−1.2 pts
3 years+52.2%+56.8%69.8%19.0%−38.8 pts−21.1 pts
Since launch+55.8%+221.3%74.3%72.4%−47.0 pts−74.2 pts
Open the live comparison on ETFIQ
APLY and DIVO on the same fields, as of Sep 11, 2026. Source: ETFIQ.
APLY
YieldMax(R) AAPL Option Income Strategy ETF
Synthetic covered call on AAPL, paying weekly
DIVO
Amplify CWP Enhanced Dividend Income ETF
Dividend stocks with call overlay on SPY, paying monthly
IssuerYieldMaxAmplify
Strategysynthetic covered calldividend stocks with call overlay
BenchmarkApple (AAPL)S&P 500 (SPY)
Paysweeklymonthly
Payout rate, annualized19.8%4.9%
Expense ratio1.04%0.56%
Cash paid, 1 year32.4%6.8%
Price change, 1 year−9.6%+8.9%
Total return, 1 year+26.4%+16.3%
Benchmark return, 1 year+45.0%+17.5%
Ahead or behind−18.6 pts−1.2 pts
Return of capital, latest estimate84%not published
Age1242 days3558 days

APLY in plain words

Over the year to Sep 11, 2026, APLY paid 32.4% of its starting value in cash distributions while its price fell 9.6%. With every distribution reinvested, the fund returned +26.4%. Apple (AAPL) returned +45.0% over the same days, so a holder was behind by 18.6 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 19.8%, paid weekly. YieldMax estimates that 84% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

DIVO in plain words

Over the year to Sep 11, 2026, DIVO paid 6.8% of its starting value in cash distributions while its price rose 8.9%. With every distribution reinvested, the fund returned +16.3%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 4.9%, paid monthly.

Questions people ask

Which paid more, APLY or DIVO?
Over the year to Sep 11, 2026, APLY paid 32.4% of its starting price in cash and DIVO paid 6.8%, so APLY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, APLY or DIVO?
With every distribution reinvested, APLY returned +26.4% and DIVO returned +16.3% over the year to Sep 11, 2026, so APLY returned more.
Which is cheaper, APLY or DIVO?
APLY charges 1.04% a year and DIVO charges 0.56%, so DIVO is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

APLY against DIVO, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, APLY against DIVO, data as of Sep 11, 2026. https://etfiq.com/compare/income/aply-vs-divo Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources