DIVO vs HIGH

DIVOAAmplify CWP Enhanced Dividend Income ETF

HIGHCSimplify Enhanced Income 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.

HIGH Most income ETFs sell calls on stocks they own. HIGH instead runs an algorithm that sells short-dated put and call spreads across equity and bond instruments, aiming for monthly income at roughly half the typical cost in its peer group.

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.

HIGH HIGH seeks monthly income by actively selling short-dated put and call spreads across equity and fixed-income instruments, potentially including indices, ETFs, and individual securities. Its algorithm seeks risk-adjusted returns while managing option-selling tail risk.

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.

• HIGH 0.50% a year, about half the typical options-income fund's fee and below higher-rated peers like DIVO.
• Spreads, not naked options. Each short put or call is paired with a long leg, so the loss on a single trade is bounded. Managing option-selling tail risk is written into the mandate.simplify.us
• Pays monthly, and the strategy reaches across both equity and fixed-income instruments rather than one index sleeve.
• Sits in the upper half of a crowded 50-plus fund options-income group on our review.

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.

• HIGH Trades lightly next to the category's biggest names, so bid-ask spreads can be wider and order size matters more.
• Fully active with no index to check it against. Outcomes ride on the manager's option selection, and payouts move with the premiums the market offers.
• A compact book (about 40 positions, largely options and collateral) launched in 2022, so it behaves less like a stock basket and has a shorter record than older peers.

Full DIVO profile⁠

Full HIGH profile⁠