DIVO vs ROCY

DIVOAAmplify CWP Enhanced Dividend Income ETF

ROCYAJPMorgan Equity Premium 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.

ROCY JPMorgan's second act in option income: the same S&P 500 team behind JEPI, but the premium comes from selling call spreads instead of notes, so a slice of upside above the short strike stays in play. 0.35% all in.

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.

ROCY Seeks current yield while retaining prospects for capital appreciation and total return. It combines a U.S. large-cap equity portfolio with a call-spread overlay intended to generate monthly distributions 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.

• ROCY Costs 0.35% a year, against a roughly 0.95% median for actively managed options-income funds and DIVO's 0.56%.jpmorgan.com
• Sells a call and buys a higher-strike one, so the ceiling on gains is a band rather than a hard stop above the short strike.jpmorgan.com
• Run by the same U.S. Core Equity and derivatives group behind JEPI and JEPQ, led by Hamilton Reiner.jpmorgan.com
• Stands among the stronger builds in a crowded field of active options-income funds, helped by its low fee and steady risk profile.

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.

• ROCY Launched in 2026, so the record is short and has not been through a full market cycle.
• Writing calls still trims what you keep in a fast rally; the long call softens the ceiling, it does not remove it.jpmorgan.com
• Distributions can include return of capital, which lowers your cost basis instead of adding income.jpmorgan.com

Full DIVO profile⁠

Full ROCY profile⁠