Which paid more, DIVO or OARK?

Over the year to Oct 28, 2026, DIVO paid 6.6% of its starting price in cash and OARK paid 32.3%, so OARK 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 OARK?

With every distribution reinvested, DIVO returned +12.7% and OARK −2.3% over the year to Oct 28, 2026.

Which is cheaper, DIVO or OARK?

DIVO charges 0.56% a year and OARK charges 1.00%, so DIVO is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

DIVO vs OARK: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, OARK paid 32.3% of its price in cash against DIVO’s 6.6%, though DIVO returned more with it reinvested.

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Net assets: $8.1bn on Oct 28, 2026 for Amplify CWP Enhanced Dividend Income ETF, and $40m on Oct 27, 2026 for YieldMax Innovation Option Income Strategy ETF.

DIVO on its own →OARK on its own →

At a glance

6.6%

DIVO cash paid, 1 year

32.3%

OARK cash paid, 1 year

+12.7%

DIVO total return, 1 year

−2.3%

OARK total return, 1 year

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

Data to Oct 28, 2026.

OARK · 1 year to Oct 28, 2026 1.2 pts ahead of ARKK

OARK

−2.3%

ARKK

−3.5%

1.2 pts ahead of ARKK

OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

ARKK

−3.5%

OARK

−2.3%

1.2 pts ahead of ARKK

Total return, distributions reinvested

1.2 pts ahead of ARKK

OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

ARKK

−3.5%

OARK

−2.3%

1.2 pts ahead of ARKK

32.3% of it arrived as cash. Both charts share one scale, with zero at the line. OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

DIVO costs 0.44 points a year less; their one-year returns differ by 15.0 points; DIVO is far larger, $8.0bn against $39m.

Points (pts) are percentage points.

DIVO vs OARK: Dividend Yield & Total Return
Measure	DIVO	OARK
Paid and earned
Measure	DIVO	OARK
Total return, 1 year	+12.7%	−2.3%
Price change, 1 year	rose 5.5%	fell 37.0%
Return of capital, issuer estimate	68% of the Sep 30, 2026 payment
Against its benchmark
Measure	DIVO	OARK
Benchmark	S&P 500, measured through SPY	ARK Innovation ETF, measured through ARKK
Cost and size
Measure	DIVO	OARK
Expense ratio	0.56%	1.00%
Net assets, as of Oct 26, 2026	$8.0bn	$39m
Holdings
Measure	DIVO	OARK
Holdings in common	0%

ETFIQ Distribution Coverage Score · DIVO scores higher How much of what it paid out did its total return cover?

IQ Income Score87.5DIVO16.8OARK

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

DIVO 87.5

OARK 16.8

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 28, 2026. Method

Risk and return

Dec 2, 2022 to Oct 23, 2026 · 203 weekly returns

DIVO OARK

Return

Total return edge DIVO +57.4% +41.0%

Annualized edge DIVO +12.3% +9.2%

Price return edge DIVO +28.6% −74.3%

Risk

Volatility edge DIVO 10.3% 30.1%

Max drawdown edge DIVO −10.6% −34.1%

Downside capture 76.2% 92.8%

Beta 0.73 0.73

Risk-adjusted

Sharpe edge DIVO 0.73 0.29

Sortino edge DIVO 1.09 0.40

Treynor 0.140 0.121

Calmar edge DIVO 1.17 0.27

Against the benchmark

Alpha +0.9% a year −7.9% a year

Alpha t-stat 0.45 −1.75

Information ratio −0.34 −1.01

Tracking error 7.5% 14.0%

Each against its own benchmark: DIVO against SPY, Dec 23, 2016 to Oct 23, 2026; OARK against ARKK, Dec 2, 2022 to Oct 23, 2026.

Reading

DIVO returned more: +57.4% to +41.0%. DIVO swung less: 10.3% to 30.1%. DIVO fell less at its worst: −10.6% to −34.1%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: DIVO vs OARK: Dividend Yield & Total Return
Measure	DIVO	OARK	Edge	How it is measured
Return
Total return	+57.4%	+41.0%	DIVO	Price change plus distributions, reinvested.
Annualized	+12.3%	+9.2%	DIVO	Total return as a yearly rate.
Price return	+28.6%	−74.3%	DIVO	Price change alone, distributions left out.
Risk
Volatility	10.3%	30.1%	DIVO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.0%	22.1%	DIVO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−10.6%	−34.1%	DIVO	Deepest fall from a high to the low after it.
Upside capture	62.8%	50.3%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	76.2%	92.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.73	0.73	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.82	0.91	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.73	0.29	DIVO	Return above Treasury bills per unit of volatility.
Sortino	1.09	0.40	DIVO	Return above Treasury bills per unit of downside deviation.
Treynor	0.140	0.121		Return above Treasury bills per unit of beta.
Calmar	1.17	0.27	DIVO	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	ARKK		The ETF each fund is measured against.
Alpha	+0.9% a year	−7.9% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.45	−1.75	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.9% to +4.6%	−16.8% to +1.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.34	−1.01		Return against its benchmark per unit of tracking error.
Tracking error	7.5%	14.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 203 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, DIVO and OARK hold 0% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DIVO OARK

Only in one fund ↓

Only in DIVO

Invesco Government & Agency Portfolio 12/31/2031 6.17%

Microsoft Corp 5.91%

Amgen Inc 5.52%

Visa Inc 5.21%

Caterpillar Inc 5.12%

Apple Inc 5.02%

Goldman Sachs Group Inc 5.01%

JPMORGAN CHASE & CO. 4.93%

Only in OARK

United States Treasury Note/Bond 3.375% 09/15/2027 29.86%

United States Treasury Note/Bond 2.375% 05/15/2027 24.47%

2ARKK US 11/20/26 C85.01 FLX 4.87%

ARKK US 10/30/26 C84.5 1.40%

ARKK US 10/30/26 C85 0.87%

ARKK US 10/30/26 C83 -1.67%

ARKK US 10/30/26 C82.5 -2.39%

2ARKK US 11/20/26 P85.01 FLX -3.41%

Check overlap with more funds →

Side by side

DIVO Amplify CWP Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly

Issuer Amplify YieldMax

Strategy dividend stocks with call overlay synthetic covered call

Benchmark S&P 500 (SPY) ARK Innovation ETF (ARKK)

Pays monthly weekly

Payout rate, annualized 4.7% 27.5%

Expense ratio 0.56% 1.00%

Cash paid, 1 year 6.6% 32.3%

Price change, 1 year +5.5% −37.0%

Total return, 1 year +12.7% −2.3%

Benchmark return, 1 year +13.6% −3.5%

Ahead or behind −0.9 pts +1.2 pts

Return of capital, latest estimate 68% not published

Age 9.9 years 3.9 years

Net assets, DIVO as of Oct 28, 2026 and OARK as of Oct 27, 2026 $8.1bn $40m

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: DIVO vs OARK: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DIVO	OARK	DIVO	OARK	DIVO	OARK
3 months	+4.2%	+13.7%	1.2%	8.9%	−1.9 pts	−8.3 pts
6 months	+8.4%	+9.8%	2.1%	19.6%	−0.7 pts	−7.3 pts
1 year	+12.7%	−2.3%	6.6%	32.3%	−0.9 pts	+1.2 pts
3 years	+66.6%	+86.2%	19.9%	103.7%	−28.4 pts	−66.3 pts
Since launchNot the same days: DIVO Dec 2016 · OARK Nov 2022	+224.0%	+56.0%	73.2%	90.3%	−76.6 pts	−83.1 pts

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Client brief · page 1 of 2 Report BR-B72159CC29

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

Income paid. DIVO paid 6.6% and OARK 32.3% (cash paid over 1 year, as a share of its price at the start), a gap of 25.7 points.
What each is measured against. DIVO is measured against S&P 500 through SPY and OARK against ARK Innovation ETF through ARKK.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026).

Data as of Oct 28, 2026.

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About each fund

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). That is a tax label, not a measure of erosion.

OARK

Over the year to Oct 28, 2026, OARK paid 32.3% of its starting value in cash distributions while its price fell 37.0%. With every distribution reinvested, the fund returned −2.3%. ARK Innovation ETF (ARKK) returned −3.5% over the same days, so a holder was ahead by 1.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 27.5%, paid weekly.

Questions people ask

Which paid more, DIVO or OARK?: Over the year to Oct 28, 2026, DIVO paid 6.6% of its starting price in cash and OARK paid 32.3%, so OARK 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 OARK?: With every distribution reinvested, DIVO returned +12.7% and OARK −2.3% over the year to Oct 28, 2026.
Which is cheaper, DIVO or OARK?: DIVO charges 0.56% a year and OARK charges 1.00%, so DIVO is cheaper. Fees come from each fund's prospectus.

Other comparisons

DIVO vs XVSP DIVO vs FGSI DIVO vs RECI DIVO vs VOOY OARK vs GPIX OARK vs SPYI OARK vs XYLD OARK vs JEPI

Where to next

S&P 500 (SPY) →ARK Innovation ETF (ARKK) →DIVO on its own →OARK on its own →DIVO dividend history →DIVO holdings →OARK dividend history →OARK holdings →Method →Standards and sources →

Sources and dates

DIVO filings on SEC EDGAR ↗

DIVO prospectus with the expense ratio (SEC) ↗

DIVO 19a-1 distribution notice ↗

Amplify page for DIVO ↗

OARK filings on SEC EDGAR ↗

OARK prospectus with the expense ratio (SEC) ↗

OARK 19a-1 distribution notice ↗

YieldMax page for OARK ↗

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.

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.