DIVO vs DUBS

DIVOAAmplify CWP Enhanced Dividend Income ETF

DUBSAAptus Large Cap Enhanced Yield ETF

In short

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.

DUBS Same name, new engine: DUBS traded the equity-linked notes it launched with in 2023 for large-cap equity held through other ETFs, plus a total return swap sleeve. 0.40%, no fee waiver involved.

Stated mandate

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.

DUBS The fund seeks capital appreciation and current income. It actively manages a hybrid strategy that primarily owns U.S.-listed large-cap equities and uses equity-linked notes to generate income.

Why people hold it

• 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.

• DUBS Fee is 0.40%, with no waiver propping it up, and below this options-income group's median. It undercuts DIVO at 0.56% and HELO at 0.50%.
• The core is plain large-cap beta: filings call for at least 80% of net assets in large-cap equity, held mainly through other large-cap ETFs chosen on exposure, cost and size.sec.gov
• Does what the label says: US large-cap exposure in the S&P 500 cap range, with the derivative sleeve bolted on rather than running the show. Distributions land quarterly.sec.gov

Worth knowing

• 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.

• DUBS The engine changed mid-life: the note sleeve it launched with in 2023 gave way to total return swaps, so older numbers on screens came from a different strategy.sec.gov
• That swap sleeve leans on counterparties honoring their contracts and on how the systematic strategy inside them behaves.sec.gov
• Thinly traded for this category, so spreads can run wider and larger orders are worth pricing with limits.

Full DIVO profile⁠

Full DUBS profile⁠