Which is cheaper, DIVO or PCOV?

DIVO charges 0.56% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

DIVO vs PCOV: Dividend Yield & Total Return

DIVO and PCOV both write options for income.

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Net assets: $8.0bn on Nov 3, 2026 for Amplify CWP Enhanced Dividend Income ETF, and $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.

DIVO on its own →PCOV on its own →

At a glance

6.8%

DIVO cash paid, 1 year

1.9%

PCOV cash paid, since launch, Aug 19, 2026

+15.2%

DIVO total return, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

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.

PCOV · since launch to Nov 4, 2026 Not measured

PCOV

−0.1%

none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.22 points a year less; DIVO is far larger, $8.0bn against $10m.

Points (pts) are percentage points.

DIVO vs PCOV: Dividend Yield & Total Return
Measure	DIVO	PCOV
Paid and earned
Measure	DIVO	PCOV
Total return, 1 year	+15.2%	not published
Price change	rose 7.9% (1 year)	fell 2.0% (since Aug 19, 2026)
Return of capital, issuer estimate	88% of the Oct 30, 2026 payment
Against its benchmark
Measure	DIVO	PCOV
Benchmark	S&P 500, measured through SPY	not published
Cost and size
Measure	DIVO	PCOV
Expense ratio	0.56%	0.34%
Net assets, as of Nov 3, 2026	$8.0bn	$10m
Holdings
Measure	DIVO	PCOV
Holdings in common	not published

Method

Side by side

DIVO Amplify CWP Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly PCOV Principal Equity Premium Income ETF · Covered call

Issuer Amplify Principal

Strategy dividend stocks with call overlay covered call

Benchmark S&P 500 (SPY) none

Pays monthly not established

Payout rate, annualized 4.8% 7.2%

Expense ratio 0.56% 0.34%

Cash paid, 1 year 6.8% 1.9% (since launch, Aug 19, 2026)

Price change, 1 year +7.9% −2.0% (since launch, Aug 19, 2026)

Total return, 1 year +15.2% −0.1% (since launch, Aug 19, 2026)

Benchmark return, 1 year +14.8% not published

Ahead or behind +0.4 pts not available

Return of capital, latest estimate 88% not published

Age 9.9 years 77 days

Net assets, DIVO as of Nov 3, 2026 and PCOV as of Nov 2, 2026 $8.0bn $10m

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 PCOV: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DIVO	PCOV	DIVO	PCOV	DIVO	PCOV
3 months	+1.5%	–	1.2%	–	+1.6 pts	–
6 months	+7.7%	–	2.5%	–	+2.7 pts	–
1 year	+15.2%	–	6.8%	–	+0.4 pts	–
3 years	+61.8%	–	19.8%	–	−21.1 pts	–
Since launchNot the same days: DIVO Dec 2016 · PCOV Aug 2026	+226.1%	−0.1%	73.9%	1.9%	−71.7 pts	not measured

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Alert

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.

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

Questions people ask

Which is cheaper, DIVO or PCOV?: DIVO charges 0.56% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

DIVO vs FDND DIVO vs XSHP DIVO vs YQQQ DIVO vs DYLG PCOV vs GPIX PCOV vs SPYI PCOV vs JEPI PCOV vs DUBS

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →DIVO on its own →PCOV on its own →DIVO dividend history →DIVO holdings →PCOV dividend history →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 ↗

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

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

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DIVO against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/divo-vs-pcov

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