Data as of Oct 28, 2026.

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Income ETFs

BALI vs DIVO: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, BALI paid 8.3% of its price in cash against DIVO’s 6.6%, and returned more with it reinvested.

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Net assets: $1.6bn on Oct 27, 2026 for iShares U.S. Large Cap Premium Income Active ETF, and $8.1bn on Oct 28, 2026 for Amplify CWP Enhanced Dividend Income ETF.

At a glance
8.3%
BALI cash paid, 1 year
6.6%
DIVO cash paid, 1 year
+17.6%
BALI total return, 1 year
+12.7%
DIVO total return, 1 year
BALI · 1 year to Oct 28, 2026 4 pts ahead of SPY
BALI
+17.6%
SPY
+13.6%

4 pts ahead of SPY

BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.

SPY

+13.6%

BALI

+17.6%

8.3% of it arrived as cash

4 pts ahead of SPY

Total return, distributions reinvested

4 pts ahead of SPY

BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.

SPY

+13.6%

BALI

+17.6%

4 pts ahead of SPY

8.3% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.
DIVO · 1 year to Oct 28, 2026 0.9 pts behind SPY
DIVO
+12.7%
SPY
+13.6%

0.9 pts behind SPY

DIVO over 1 year: paid 6.6%, price +5.5%, total +12.7%, SPY +13.6%, −0.9 pts. Data to Oct 28, 2026.

SPY

+13.6%

DIVO

+12.7%

6.6% of it arrived as cash

0.9 pts behind SPY

Total return, distributions reinvested

0.9 pts behind SPY

DIVO over 1 year: paid 6.6%, price +5.5%, total +12.7%, SPY +13.6%, −0.9 pts. Data to Oct 28, 2026.

SPY

+13.6%

DIVO

+12.7%

0.9 pts behind SPY

6.6% of it arrived as cash. Both charts share one scale, 0 to +17.6%. DIVO over 1 year: paid 6.6%, price +5.5%, total +12.7%, SPY +13.6%, −0.9 pts. Data to Oct 28, 2026.

Both charts share one scale, 0 to +17.6%. Data to Oct 28, 2026.

Pair scorecard

BALI costs 0.21 points a year less; their one-year returns differ by 4.9 points; DIVO is 5.0 times larger.

Points (pts) are percentage points.

BALI vs DIVO: Dividend Yield & Total Return
MeasureBALIDIVO
Paid and earned
Total return, 1 year+17.6%+12.7%
Price change, 1 yearrose 8.4%rose 5.5%
Return of capital, issuer estimate0% of the Oct 6, 2026 payment68% of the Sep 30, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYS&P 500, measured through SPY
Against its benchmark, same daysahead by 4.0 ptsbehind by 0.9 pts
Cost and size
Expense ratio0.35%0.56%
Net assets, as of Oct 26, 2026$1.6bn$8.0bn
Holdings
Holdings in common28%
ETFIQ Distribution Coverage Score · BALI scores higher How much of what it paid out did its total return cover?
IQ Income Score92.4BALI87.5DIVO

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

A percentile among the 164 income ETFs not writing on a single company. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method

Risk and return

Oct 6, 2023 to Oct 23, 2026 · 159 weekly returns · each against SPY
BALI DIVO
Return
Total return edge BALI +76.2% +62.4%
Annualized edge BALI +20.3% +17.2%
Price return edge Tie +37.8% +38.1%
Risk
Volatility edge DIVO 12.3% 10.4%
Max drawdown edge DIVO −15.3% −10.6%
Downside capture 86.6% 60.3%
Beta 0.85 0.60
Risk-adjusted
Sharpe edge BALI (slight) 1.21 1.15
Sortino edge BALI (slight) 1.87 1.77
Treynor 0.174 0.201
Calmar edge DIVO 1.33 1.63
Against the benchmark
Alpha +0.9% a year +2.2% a year
Alpha t-stat 0.71 0.63
Information ratio −0.53 −0.54
Tracking error 3.0% 8.3%
Reading

BALI returned more: +76.2% to +62.4%. DIVO swung less: 10.4% to 12.3%. DIVO fell less at its worst: −10.6% to −15.3%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: BALI vs DIVO: Dividend Yield & Total Return
MeasureBALIDIVOSPYEdgeHow it is measured
Return
Total return+76.2%+62.4%BALIPrice change plus distributions, reinvested.
Annualized+20.3%+17.2%BALITotal return as a yearly rate.
Price return+37.8%+38.1%TiePrice change alone, distributions left out.
Risk
Volatility12.3%10.4%DIVOSpread of weekly returns, annualized. Lower is steadier.
Downside deviation7.9%6.7%DIVOLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−15.3%−10.6%DIVODeepest fall from a high to the low after it.
Upside capture81.0%53.1%100.0%BALIShare of its benchmark's rise caught in the weeks it rose.
Downside capture86.6%60.3%100.0%DIVOShare of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.850.601.00DIVO lowerHow far it moves for each 1% its benchmark moves.
R squared0.970.671.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe1.211.15BALI (slight)Return above Treasury bills per unit of volatility.
Sortino1.871.77BALI (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.1740.2010.164DIVOReturn above Treasury bills per unit of beta.
Calmar1.331.63DIVOAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSPYSPYSPYThe ETF each fund is measured against.
Alpha+0.9% a year+2.2% a year0.0%Not significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.710.63Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−1.5% to +3.3%−4.7% to +9.1%Both include zeroThe 95% range for the yearly alpha.
Information ratio−0.53−0.54TieReturn against its benchmark per unit of tracking error.
Tracking error3.0%8.3%0.0%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 159 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

28%

By the books each fund has filed, BALI and DIVO hold 28% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.

0 half 100%

half

28% in common

Positions both hold · largest shared weight first BALI DIVO
MICROSOFT 5.42% 5.91%
APPLE 6.30% 5.02%
NVIDIA 7.15% 3.98%
ALPHABET CLASS A 2.33% 2.99%
CHEVRON 1.79% 3.97%
VISA CLASS A 1.55% 5.21%
JPMORGAN CHASE & CO 1.15% 4.93%
UNITEDHEALTH GROUP 1.06% 3.06%
MERCK & CO INC 0.90% 3.34%
VERIZON COMMUNICATIONS INC 0.90% 1.03%
CATERPILLAR INC 0.82% 5.12%
ABBVIE 0.77% 1.20%
Only in one fund ↓
Only in BALI
AMAZON.COM INC 3.28%
ALPHABET CLASS C 2.16%
BROADCOM INC 2.14%
EXXONMOBIL HOLDINGS CORP 1.91%
BERKSHIRE HATHAWAY INC CLASS B 1.79%
COSTCO WHOLESALE CORP 1.69%
META PLATFORMS CLASS A 1.59%
PROCTER & GAMBLE 1.59%
Only in DIVO
Invesco Government & Agency Portfolio 12/31/2031 6.17%
Goldman Sachs Group Inc 5.01%
Amplify Samsung SOFR ETF 4.13%
American Express Co 4.07%
State Street Consumer Discretionary Select Sector SPDR ETF 3.68%
RTX Corp 3.21%
State Street SPDR Dow Jones Industrial Average ETF Trust 3.18%
FedEx Corp 3.08%
Check overlap with more funds →

Side by side

BALI iShares U.S. Large Cap Premium Income Active ETF · Covered call on SPY, paying monthly DIVO Amplify CWP Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly
Strategy covered call dividend stocks with call overlay
Benchmark S&P 500 (SPY) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 6.1% 4.7%
Expense ratio 0.35% 0.56%
Cash paid, 1 year 8.3% 6.6%
Price change, 1 year +8.4% +5.5%
Total return, 1 year +17.6% +12.7%
Benchmark return, 1 year +13.6% +13.6%
Ahead or behind +4.0 pts −0.9 pts
Return of capital, latest estimate 0% 68%
Age 3.1 years 9.9 years
Net assets, BALI as of Oct 27, 2026 and DIVO as of Oct 28, 2026 $1.6bn $8.1bn

As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BALI vs DIVO: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowBALIDIVOBALIDIVOBALIDIVO
3 months+5.9%+4.2%1.7%1.2%−0.3 pts−1.9 pts
6 months+10.4%+8.4%3.9%2.1%+1.3 pts−0.7 pts
1 year+17.6%+12.7%8.3%6.6%+4.0 pts−0.9 pts
3 years+85.1%+66.6%30.9%19.9%−9.9 pts−28.4 pts
Since launchNot the same days: BALI Sep 2023 · DIVO Dec 2016+78.9%+224.0%29.9%73.2%−8.0 pts−76.6 pts

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Client brief · page 1 of 2 Report BR-6AAE4808B2

BALI and DIVO are built for the same job. How do they differ in cost, holdings and results?

  1. Holdings in common. 28% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).
  2. One-year total return. Over 1 year to Oct 28, 2026 BALI returned +17.6% and DIVO +12.7% with distributions reinvested, a gap of 4.9 points.
  3. Cost. BALI charges 0.35% of assets a year and DIVO 0.56%, a gap of 0.21 points.

Data as of Oct 28, 2026.

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About each fund
BALI

Over the year to Oct 28, 2026, BALI paid 8.3% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +17.6%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 4.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.1%, paid monthly. iShares estimates that 0% of the distribution paid Oct 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

DIVO

Over the year to Oct 28, 2026, DIVO paid 6.6% of its starting value in cash distributions while its price rose 5.5%. With every distribution reinvested, the fund returned +12.7%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 0.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 4.7%, paid monthly. Amplify estimates that 68% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, BALI or DIVO?
Over the year to Oct 28, 2026, BALI paid 8.3% of its starting price in cash and DIVO paid 6.6%, so BALI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BALI or DIVO?
With every distribution reinvested, BALI returned +17.6% and DIVO +12.7% over the year to Oct 28, 2026.
Which is cheaper, BALI or DIVO?
BALI charges 0.35% a year and DIVO charges 0.56%, so BALI is cheaper. Fees come from each fund's prospectus.
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, BALI against DIVO, data as of Oct 28, 2026. https://etfiq.com/compare/income/bali-vs-divo

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