DIVO: Amplify CWP Enhanced Dividend Income ETF
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund (ETF) run by Amplify ETFs. This fund owns a small group of large US companies that pay dividends, picked by its managers. It charges 0.56% a year. From December 2016 to October 2026 it returned about 12.7% a year, and its worst drop was −30.0%.
Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.56%
- about $56 on $10,000
- Return per year
- 12.7%
- since December 2016
- Worst drop
- −30.0%
- since 2016
- Started trading
- Dec 2016
- Amplify ETFs
Key points
- Expense ratio: 0.56% a year (about $56 on $10,000).
- Started trading on December 13, 2016.
- Worst drop since 2016: −30.0%.
- No Tactfolio classic strategies hold it.
What does DIVO hold?#
This fund owns a small group of large US companies that pay dividends, picked by its managers. It sometimes sells options on those stocks to earn extra income. With about 30 holdings, it is less spread out than an index fund.
It does not track an index. Its managers choose what it holds. It had 30 holdings as of October 16, 2026, according to Amplify ETFs.
| Fact | DIVO |
|---|---|
| Full name | Amplify CWP Enhanced Dividend Income ETF |
| Issuer | Amplify ETFs |
| Expense ratio | 0.56% a year |
| Started trading | December 13, 2016 |
| Tracks | No index (actively managed) |
| Type | US stocks, ETF |
| Holdings | 30 holdings as of October 16, 2026 |
| Facts checked | October 17, 2026 on the Amplify ETFs fund page |
What is the DIVO expense ratio?#
DIVO charges 0.56% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.56% fee comes to about $56 a year.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
How has DIVO done since 2016?#
From December 2016 to October 2026, DIVO returned about 12.7% a year. Say you put in $10,000 at the start. It would have been worth about $32,326 at the end, with every dividend reinvested.
| Measure | DIVO |
|---|---|
| Total return | 223.3% |
| Return per year (CAGR) | 12.7% |
| Worst drop from a high | −30.0% |
| Volatility (how much it swings) | 14.7% |
| Last 12 months | 16.4% |
| Last 3 years, per year | 17.0% |
| Last 5 years, per year | 11.2% |
Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
DIVO returns by year#
| Year | DIVO return |
|---|---|
| 2026 (part of the year) | 11.4% |
| 2025 | 17.4% |
| 2024 | 16.2% |
| 2023 | 7.0% |
| 2022 | −1.5% |
| 2021 | 22.9% |
| 2020 | 12.4% |
| 2019 | 24.9% |
| 2018 | −3.2% |
| 2017 | 21.4% |
| 2016 (part of the year) | −0.5% |
What was DIVO’s worst drop?#
A drawdown is how far a fund falls from its last high point. DIVO’s worst fall was −30.0%, from January 17, 2020 to March 23, 2020. It got back to that high on August 12, 2020.
The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
Which Tactfolio strategies hold DIVO?#
No classic strategy holds DIVO yet. You can add it to your own rules in the builder and see how they would have done.
How does DIVO compare with similar ETFs?#
Funds that can stand in for DIVO:
- GPIX: Goldman Sachs S&P 500 Premium Income ETF, 0.29% a year
- JEPI: JPMorgan Equity Premium Income ETF, 0.35% a year
- JEPQ: JPMorgan Nasdaq Equity Premium Income ETF, 0.35% a year
- QYLD: Global X NASDAQ 100 Covered Call ETF, 0.6% a year
See all 8 DIVO alternatives, compared on the same dates as DIVO.
Test DIVO in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add DIVO, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for DIVO. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.
Fund facts come from Amplify ETFs. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of DIVO?#
DIVO charges 0.56% a year, according to Amplify ETFs as of October 17, 2026. That is about $56 a year for every $10,000 you hold.
When did DIVO start trading?#
DIVO started trading on December 13, 2016. It is run by Amplify ETFs.
What does DIVO track?#
DIVO does not track an index. Its managers choose what it holds.
How much has DIVO returned per year?#
From December 2016 to October 2026, DIVO returned about 12.7% a year with dividends reinvested. Its worst drop was −30.0%. Past returns do not tell you what it will do next.
Which strategies use DIVO?#
None of Tactfolio’s classic strategies hold DIVO yet. You can test it in your own rules in the builder.