Data as of .
DIVO vs PAPI: which paid, and which earned it?
Over the year PAPI paid 7.9% of its price in cash against DIVO’s 6.8%, though DIVO returned more with it reinvested.
ETFIQ Return Stability Score: DIVO scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. 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
What they hold in common
By the books each fund has filed, DIVO and PAPI hold 6% of their money in the same securities at the same weight.
| Holding | DIVO | PAPI |
|---|---|---|
| International Business Machines Corp | 1.01% | 0.65% |
| Alphabet Inc | 3.15% | 0.59% |
| Merck & Co Inc | 3.51% | 0.59% |
| Archer-Daniels-Midland Co | 1.92% | 0.58% |
| Coca-Cola Co/The | 1.95% | 0.56% |
| RTX Corp | 3.20% | 0.52% |
| Duke Energy Corp | 1.81% | 0.51% |
| TJX Cos Inc/The | 1.58% | 0.51% |
| Verizon Communications Inc | 1.05% | 0.48% |
| Chevron Corp | 4.67% | 0.45% |
| CME Group Inc | 3.14% | 0.40% |
| Microsoft Corp | 5.97% | 0.39% |
| Only in DIVO | Only in PAPI |
|---|---|
| Apple Inc 5.49% | Corning, Inc. 1.01% |
| Caterpillar Inc 5.34% | TD SYNNEX Corp. 0.81% |
| Visa Inc 5.15% | Cisco Systems, Inc. 0.77% |
| Invesco Government & Agency Portfolio 12/31/2031 5.02% | Power Integrations, Inc. 0.73% |
| JPMORGAN CHASE & CO. 4.90% | Royalty Pharma plc 0.73% |
| Goldman Sachs Group Inc/The 4.76% | Millicom International Cellular SA 0.72% |
| Amgen Inc 4.74% | Avnet, Inc. 0.71% |
| State Street Consumer Discretionary Select Sector SPDR ETF 4.53% | Texas Instruments, Inc. 0.71% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DIVO | PAPI | DIVO | PAPI | DIVO | PAPI | |
| 3 months | +4.5% | +4.7% | 1.2% | 2.0% | +2.3 pts | +2.5 pts |
| 6 months | +9.4% | +5.6% | 2.5% | 4.0% | −8.6 pts | −12.4 pts |
| 1 year | +14.6% | +12.8% | 6.8% | 7.9% | −2.0 pts | −3.8 pts |
| 3 years | +56.1% | not published | 19.1% | not published | −22.3 pts | not published |
| Since launch | +218.8% | +35.6% | 72.4% | 22.5% | −76.3 pts | −49.6 pts |
| DIVO Amplify CWP Enhanced Dividend Income ETF Dividend stocks with call overlay on SPY, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Amplify | Parametric |
| Strategy | dividend stocks with call overlay | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 4.9% | 7.2% |
| Expense ratio | 0.56% | 0.29% |
| Cash paid, 1 year | 6.8% | 7.9% |
| Price change, 1 year | +7.3% | +4.5% |
| Total return, 1 year | +14.6% | +12.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −2.0 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 3565 days | 1065 days |
| Net assets | $7.8bn | $400m |
DIVO in plain words
Over the year to Sep 18, 2026, DIVO paid 6.8% of its starting value in cash distributions while its price rose 7.3%. With every distribution reinvested, the fund returned +14.6%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 2.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.9%, paid monthly.
PAPI in plain words
Over the year to Sep 18, 2026, PAPI paid 7.9% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +12.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.2%, paid monthly.
Questions people ask
- Which paid more, DIVO or PAPI?
- Over the year to Sep 18, 2026, DIVO paid 6.8% of its starting price in cash and PAPI paid 7.9%, so PAPI 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 PAPI?
- With every distribution reinvested, DIVO returned +14.6% and PAPI returned +12.8% over the year to Sep 18, 2026, so DIVO returned more.
- Which is cheaper, DIVO or PAPI?
- DIVO charges 0.56% a year and PAPI charges 0.29%, so PAPI 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.
Cite this page. ETFIQ, DIVO against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/divo-vs-papi Free to use with attribution; the underlying files are at Open data.