DIVO vs JOYT

DIVOAAmplify CWP Enhanced Dividend Income ETF

JOYTAJPMorgan Equity and Options Total Return 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.

JOYT JOYT sells options against a concentrated book of large-cap U.S. stocks, but the premium is aimed at total return and lower volatility rather than a monthly paycheck. Distributions land once or twice a year.

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.

JOYT JOYT seeks total return with lower volatility than the overall U.S. large-cap market through dividends, options premium, and capital appreciation. It uses an actively managed portfolio of primarily established large-cap U.S. equities and an options overlay intended to diversify returns and reduce volatility.

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.

• JOYT 0.35% a year, roughly a third of the median for its active options-overlay peers. Unusual pricing for a fund where a manager is both picking the stocks and writing the options.
• About 110 large-cap U.S. names, actively chosen, with an options overlay layered on top to diversify returns and damp volatility versus the broad U.S. large-cap market.
• Sits among the stronger implementations in a crowded field of active options-overlay funds, and the portfolio it actually holds matches the mandate in its documents.

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.

• JOYT Launched in 2025, so there is no record through a full market cycle yet.
• Thinly traded with modest assets, so spreads can run wider than at the category's largest funds.
• Payouts arrive annually or semiannually, not monthly, so the premium is largely working inside the fund rather than landing in your account.

Full DIVO profile⁠

Full JOYT profile⁠