Data as of Nov 4, 2026.

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Income ETFs

DIVO vs IVVW: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, IVVW paid 17.5% of its price in cash against DIVO’s 6.8% and the two finished level on total return.

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Net assets: $8.0bn on Nov 3, 2026 for Amplify CWP Enhanced Dividend Income ETF, and $349m on Nov 4, 2026 for iShares IVV Premium Income+ ETF.

At a glance
6.8%
DIVO cash paid, 1 year
17.5%
IVVW cash paid, 1 year
+15.2%
DIVO total return, 1 year
+14.8%
IVVW total return, 1 year
DIVO · 1 year to Nov 4, 2026 About even with SPY
DIVO
+15.2%
SPY
+14.8%

About even with SPY

DIVO over 1 year: paid 6.8%, price +7.9%, total +15.2%, SPY +14.8%, +0.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

DIVO

+15.2%

6.8% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

DIVO over 1 year: paid 6.8%, price +7.9%, total +15.2%, SPY +14.8%, +0.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

DIVO

+15.2%

about even with SPY

6.8% of it arrived as cash. Total return, distributions reinvested. DIVO over 1 year: paid 6.8%, price +7.9%, total +15.2%, SPY +14.8%, +0.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
IVVW · 1 year to Nov 4, 2026 About even with SPY
IVVW
+14.8%
SPY
+14.8%

About even with SPY

IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

IVVW

+14.8%

17.5% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

IVVW

+14.8%

17.5% as cash

about even with SPY

17.5% of it arrived as cash. Both charts share one scale, with zero at the line. IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

IVVW costs 0.31 points a year less; their one-year returns differ by 0.4 points; DIVO is far larger, $8.0bn against $344m.

Points (pts) are percentage points.

DIVO vs IVVW: Dividend Yield & Total Return
MeasureDIVOIVVW
Paid and earned
Total return, 1 year+15.2%+14.8%
Price change, 1 yearrose 7.9%fell 4.1%
Return of capital, issuer estimate88% of the Oct 30, 2026 payment49% of the Oct 7, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYS&P 500, measured through SPY
Cost and size
Expense ratio0.56%0.25%
Net assets, as of Nov 3, 2026$8.0bn$344m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · DIVO scores higher How much of what it paid out did its total return cover?
IQ Income Score89.5DIVO47.6IVVW

How much of its payouts the fund's total return covered, ranked against 167 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

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 →

Method

Risk and return

Mar 22, 2024 to Oct 30, 2026 · 136 weekly returns · each against SPY
DIVO IVVW
Return
Total return edge DIVO +41.5% +37.2%
Annualized edge DIVO (slight) +14.2% +12.9%
Price return edge DIVO +22.3% −11.7%
Risk
Volatility edge IVVW (slight) 10.7% 10.0%
Max drawdown edge DIVO −10.6% −15.0%
Downside capture 62.1% 62.0%
Beta 0.60 0.63
Risk-adjusted
Sharpe edge DIVO (slight) 0.89 0.83
Sortino edge DIVO 1.34 1.16
Treynor 0.159 0.133
Calmar edge DIVO 1.34 0.86
Against the benchmark
Alpha +2.3% a year +0.7% a year
Alpha t-stat 0.59 0.28
Information ratio −0.30 −0.55
Tracking error 8.5% 6.9%
Reading

From Mar 2024 to Oct 2026, DIVO returned more: +41.5% to +37.2%. IVVW swung slightly less: 10.0% to 10.7%. DIVO fell less at its worst: −10.6% to −15.0%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: DIVO vs IVVW: Dividend Yield & Total Return
MeasureDIVOIVVWSPYEdgeHow it is measured
Return
Total return+41.5%+37.2%DIVOPrice change plus distributions, reinvested.
Annualized+14.2%+12.9%DIVO (slight)Total return as a yearly rate.
Price return+22.3%−11.7%DIVOPrice change alone, distributions left out.
Risk
Volatility10.7%10.0%IVVW (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation7.1%7.1%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−10.6%−15.0%DIVODeepest fall from a high to the low after it.
Upside capture54.2%51.5%100.0%DIVO (slight)Share of its benchmark's rise caught in the weeks it rose.
Downside capture62.1%62.0%100.0%TieShare of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.600.631.00DIVO lowerHow far it moves for each 1% its benchmark moves.
R squared0.660.821.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.890.83DIVO (slight)Return above Treasury bills per unit of volatility.
Sortino1.341.16DIVOReturn above Treasury bills per unit of downside deviation.
Treynor0.1590.1330.121DIVOReturn above Treasury bills per unit of beta.
Calmar1.340.86DIVOAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSPYSPYSPYThe ETF each fund is measured against.
Alpha+2.3% a year+0.7% a year0.0%Not significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.590.28Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−5.4% to +10.0%−4.5% to +6.0%Both include zeroThe 95% range for the yearly alpha.
Information ratio−0.30−0.55DIVOReturn against its benchmark per unit of tracking error.
Tracking error8.5%6.9%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, 136 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, DIVO and IVVW hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DIVO IVVW
Only in one fund ↓
Only in DIVO
Microsoft Corp 6.15%
Amgen Inc 5.81%
Visa Inc 5.64%
Invesco Government & Agency Portfolio 12/31/2031 5.35%
JPMORGAN CHASE & CO. 5.08%
Apple Inc 5.07%
Goldman Sachs Group Inc 4.99%
American Express Co 4.23%
Only in IVVW
ISHARES CORE S&P ETF TRUST 100.36%
NOV26 SPX C @ 7821.5 0.00%
NOV26 SPX C @ 7821.5 -0.03%
NOV26 SPX C @ 7699.92 -0.18%
NOV26 SPX C @ 7655.87 -0.29%
Check overlap with more funds →

Side by side

DIVO Amplify CWP Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly IVVW iShares IVV Premium Income+ ETF · Covered call on SPY, paying monthly
Strategy dividend stocks with call overlay covered call
Benchmark S&P 500 (SPY) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 4.8% 15.7%
Expense ratio 0.56% 0.25%
Cash paid, 1 year 6.8% 17.5%
Price change, 1 year +7.9% −4.1%
Total return, 1 year +15.2% +14.8%
Benchmark return, 1 year +14.8% +14.8%
Ahead or behind +0.4 pts 0.0 pts
Return of capital, latest estimate 88% 49%
Age 9.9 years 2.6 years
Net assets, DIVO as of Nov 3, 2026 and IVVW as of Nov 4, 2026 $8.0bn $349m

As of Nov 4, 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: DIVO vs IVVW: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowDIVOIVVWDIVOIVVWDIVOIVVW
3 months+1.5%+2.0%1.2%3.9%+1.6 pts+2.2 pts
6 months+7.7%+8.0%2.5%7.8%+2.7 pts+3.0 pts
1 year+15.2%+14.8%6.8%17.5%+0.4 pts0.0 pts
3 years+61.8%–19.8%–−21.1 pts–
Since launchNot the same days: DIVO Dec 2016 · IVVW Mar 2024+226.1%+40.5%73.9%42.6%−71.7 pts−14.4 pts

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About each fund
DIVO

Over the year to Nov 4, 2026, DIVO paid 6.8% of its starting value in cash distributions while its price rose 7.9%. With every distribution reinvested, the fund returned +15.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 4.8%, paid monthly. Amplify estimates that 88% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

IVVW

Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +14.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. iShares estimates that 49% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, DIVO or IVVW?
Over the year to Nov 4, 2026, DIVO paid 6.8% of its starting price in cash and IVVW paid 17.5%, so IVVW paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, DIVO or IVVW?
With every distribution reinvested, DIVO returned +15.2% and IVVW +14.8% over the year to Nov 4, 2026.
Which is cheaper, DIVO or IVVW?
DIVO charges 0.56% a year and IVVW charges 0.25%, so IVVW 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, DIVO against IVVW, data as of Nov 4, 2026. https://etfiq.com/compare/income/divo-vs-ivvw

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