ACEI vs DIVO

ACEIFInnovator Equity Autocallable Income Strategy ETF

DIVOAAmplify CWP Enhanced Dividend Income ETF

In short

ACEI Autocallable notes are a private-bank staple: big coupons, a call trigger, conditional downside cushion. ACEI ladders swaps that replicate that payoff on S&P 500 stocks and puts it in an ETF you can trade any day.

DIVO A hand-picked book of roughly 30 blue-chip dividend payers, with covered calls written tactically on individual names instead of blanketed over an index. Two income engines, paid monthly, running since 2016.

Stated mandate

ACEI The Fund seeks high income and potential to limit downside losses through a laddered portfolio of OTC swaps designed to replicate autocallable notes on common-stock reference assets selected from a U.S. equity index, currently the S&P 500 Index.

DIVO Seeks a high level of risk-adjusted total return through current income and capital appreciation. It primarily uses U.S. dividend-paying equities and tactically writes covered calls on portfolio holdings for additional income.

Why people hold it

• ACEI Packages a payoff normally sold one note at a time: an actively managed, laddered book of OTC swaps replicating autocallable notes on S&P 500 stocks.innovatoretfs.com
• At 0.79%, it charges below the median fee in its active options-income cohort, which is unusual for a strategy this hands-on.
• Built to distribute monthly, with exposures laddered across many reference stocks instead of riding one note and one maturity date.
• Lives in a standard 1940 Act ETF wrapper: daily dealing and fund-level rules, versus the hold-to-maturity bank paper it mimics.innovatoretfs.com

• DIVO Fee of 0.56% a year sits well below the typical options-income fund, and the same tactical covered-call playbook has been running since 2016.
• Calls are written selectively on chosen holdings rather than automatically across the whole portfolio, so names left uncovered keep their room to run.amplifyetfs.com
• Income arrives monthly, sourced from stock dividends plus option premium rather than premium alone.
• Actively traded and multi-billion in size, which tends to keep the spread you pay on the way in and out modest.

Worth knowing

• ACEI Launched in 2025, so the track record is short and any read on its risk behavior rests on limited history.
• Small asset base and thin trading, which can mean wider spreads than the household-name income funds beside it.
• Income tracks OTC swap payoffs and their counterparty terms, not the S&P 500's path, and no target yield is stated, so payout sizes vary.

• DIVO Every call sold hands back part of a big move up in that stock. That capped upside is the price of the extra income.amplifyetfs.com
• About 30 holdings means each name carries real weight, so a single stumble shows up more than it would in a broad index fund.
• Cheaper options-income peers exist (PAPI at 0.29%, TCAL at 0.34%), though they run different selection and overlay rules.

Full ACEI profile⁠

Full DIVO profile⁠