ADIV vs IDVO

ADIVDGuinness Atkinson Asia Pacific Dividend Builder ETF

IDVOBAmplify CWP International Enhanced Dividend Income ETF

In short

ADIV A 2006 Asia Pacific dividend fund that became one of the first US mutual funds ever converted into an ETF, in March 2021. Roughly 35 equally weighted dividend payers, actively picked, at 0.78% net of a waiver through June 30, 2029.

IDVO The covered-call income playbook, taken overseas. IDVO holds roughly 90 dividend-paying foreign companies as US-listed ADRs, writes calls on select names rather than the whole book, and pays monthly.

Stated mandate

ADIV The fund seeks dividend income and long-term capital growth by investing primarily in dividend-producing equity securities of companies tied to the Asia Pacific region.

IDVO IDVO primarily seeks current income and secondarily capital appreciation. It uses dividend-paying international ADRs and opportunistic covered-call writing to pursue those objectives.

Why people hold it

• ADIV Guinness Atkinson pioneered the mutual-fund-to-ETF conversion in March 2021, and this 2006-vintage Asia Pacific strategy was one of the two funds it flipped. Same manager approach, new wrapper.sec.govsec.gov 2
• Roughly 35 positions of approximately equal weight, spread across at least four Asia Pacific countries, so no single mega-cap runs the portfolio. The prospectus allows 25 to 75 holdings.sec.gov
• Dual mandate in plain terms: dividend income plus long-term capital growth from Asia Pacific equities, with at least 80% of assets in dividend-paying stocks tied to the region. Pays quarterly.sec.gov

• IDVO At 0.65%, it undercuts the median fee among international dividend-income funds, though peer VDI runs cheaper at 0.39%.
• Calls are written opportunistically on individual holdings rather than as a blanket index overlay, so the entire portfolio isn't capped at once.amplifyetfs.com
• Income is the stated first objective and capital appreciation the second, with cash going out monthly.
• A multi-billion-dollar fund in a thin category, and every holding is a US-listed ADR trading in dollars during US market hours.

Worth knowing

• ADIV Costs 0.78% net of a waiver through June 30, 2029, above the category median; the gross fee is 1.95%. Peers such as VDI (0.39%) and JHID (0.46% net of a waiver through July 31, 2027) run cheaper.
• Thinly traded and modest in size, which can mean wider spreads than the category's biggest names.
• Concentrated by design and exposed to Asia Pacific currencies and emerging markets, so individual holdings and FX moves can swing results more than in a broad global fund.sec.gov

• IDVO The premium has a price: on any name where a call is written, gains above the strike go to the option buyer.amplifyetfs.com
• The ADR universe skews toward large, well-known foreign companies, so the roughly 90 names lean big rather than broad across developed and emerging markets.
• The prospectus discloses that part of a monthly payout can be return of capital, meaning your own money coming back rather than investment income.amplifyetfs.com

Full ADIV profile⁠

Full IDVO profile⁠