ETFs / DIVO
What If You Had Invested in DIVO 10 Years Ago?
Amplify CWP Enhanced Dividend Income ETF (DIVO) with real monthly prices, dividends reinvested, through November 2026.
DIVO $46.61 ▼ -0.28% last close, Nov 06, 2026
If you had invested $1,000 in DIVO in December 2016, today it would be worth
$3,179
Same $1,000 in the S&P 500 (SPY): $3,829
If you had put $500 a month into DIVO since December 2016, your $60,000 would be worth today
$112,390
Same plan in the S&P 500 (SPY): $127,335
More options in the What If calculator.
DIVO live price chart
DIVO returns by period
| Period | Total return | Per year | $1,000 became | SPY per year |
|---|---|---|---|---|
| 1 year | +8.6% | +8.6% | $1,086 | +8.8% |
| 3 years | +54.3% | +15.6% | $1,543 | +18.7% |
| 5 years | +65.8% | +10.6% | $1,658 | +11.5% |
| Since 2016 | +217.9% | +12.4% | $3,179 | — |
DIVO year by year
Best full year: 2019 (+24.9%). Worst: 2018 (-3.2%).
| Year | DIVO | SPY | What happened |
|---|---|---|---|
| 2026 (so far) | +9.0% | +8.7% | |
| 2025 | +17.4% | +17.7% | |
| 2024 | +16.2% | +24.9% | |
| 2023 | +7.0% | +26.2% | Large tech stocks led the market. DIVO owns few of them and caps some gains with options, so it rose only about 7%. |
| 2022 | -1.5% | -18.2% | DIVO lost only about 1% while the S&P 500 fell about 18%. Its value-leaning holdings and option income held up well through the rate hikes. |
| 2021 | +22.9% | +28.7% | |
| 2020 | +12.4% | +18.3% | |
| 2019 | +24.9% | +31.2% | |
| 2018 | -3.2% | -4.6% | |
| 2017 | +21.4% | +21.7% |
DIVO: all at once or every month?
Take $12,000: all of it on day one, or $1,000 a month for a year. Across every starting month since 2016 (108 of them), the lump sum was ahead after 12 months in 94 (87%). DIVO has had shallow falls, so waiting rarely paid. The few starts that favored monthly investing came just before the COVID crash and during 2022. The best case for monthly investing was a start in December 2021, when it finished the year 5% ahead.
Worst drop
DIVO's worst fall in this history was -18.5%, milder than the worst falls of most stock funds, from December 2019 to March 2020. It was back at the old high by August 2020, only 5 months after the bottom. $1,000 invested at that peak shrank to about $815 at the low.
The COVID crash. DIVO lost about 19% from the end of 2019 to March 2020, a little less than the S&P 500, and was back at its old high by August, helped by its tilt toward large, financially strong companies.
DIVO dividends
DIVO paid $3.03 per share over the last 12 months, in monthly payments. At $46.61 that is 6.49%, a high yield, so a large part of the return arrives as cash. From 2020 to 2025 the yearly payout grew +12.2% a year, well ahead of inflation. The yearly total fell in 2020, 2022.
| Year | Dividends / share | Change | Yield |
|---|---|---|---|
| 2025 | $2.87 | +50.7% | 6.44% |
| 2024 | $1.90 | +11.3% | 4.70% |
| 2023 | $1.71 | -0.0% | 4.67% |
| 2022 | $1.71 | -6.6% | 4.76% |
| 2021 | $1.83 | +13.7% | 4.79% |
| 2020 | $1.61 | -35.8% | 4.92% |
| 2019 | $2.51 | +78.1% | 8.16% |
| 2018 | $1.41 | +26.8% | 5.27% |
| 2017 | $1.11 | — | 3.83% |
Yield = each year’s dividends divided by the price at the end of the year.
DIVO dividend history: last 12 payments
| Ex-dividend date | Amount | Change |
|---|---|---|
| Oct 29, 2026 | $0.1910 | +1.1% |
| Sep 29, 2026 | $0.1890 | -3.1% |
| Aug 28, 2026 | $0.1950 | +3.7% |
| Jul 30, 2026 | $0.1880 | +2.7% |
| Jun 29, 2026 | $0.1830 | -0.5% |
| May 28, 2026 | $0.1840 | +1.7% |
| Apr 29, 2026 | $0.1810 | +1.1% |
| Mar 30, 2026 | $0.1790 | -3.8% |
| Feb 26, 2026 | $0.1860 | +1.6% |
| Jan 29, 2026 | $0.1830 | -80.8% |
| Dec 30, 2025 | $0.9530 | +345.3% |
| Nov 26, 2025 | $0.2140 | — |
How much DIVO do you need for $1,000 a month?
About $184,838, or roughly 3,966 shares at $46.61. That uses DIVO's last 12 months of dividends ($3.03 a share, a 6.49% yield) and is before tax.
| Income | Invest | Shares | Paid as |
|---|---|---|---|
| $500 | $92,419 | 1,983 | $500/mo |
| $1,000 | $184,838 | 3,966 | $1,000/mo |
| $2,000 | $369,676 | 7,931 | $2,000/mo |
DIVO pays every month, but the amount moves around: over the last year single payments ranged from $0.1790 to $0.9530 a share. Plan on the yearly total, not on any one month.
The payout grew 12.2% a year over the last five years, a pace that is hard to count on for the next ten, so no projection here.
Check the price too. Not counting dividends, DIVO went from $38.19 at the end of 2021 to $46.61 today (+22.0%). The price has held up, so the income did not come at the cost of the share price.
DIVO's payout mixes qualified dividends from its stocks with option income, which is taxed differently, so part of it does not get the lower qualified-dividend rate. The fund's year-end tax report shows the split.
Want to build toward it with monthly buys? Try the dividend calculator with DIVO's numbers filled in.
About DIVO
| Issuer | Amplify ETFs (managed by Capital Wealth Planning) |
| Launched | December 2016 |
| Tracks | None (actively managed) |
| Expense ratio | 0.56% |
| Holdings | About 25 to 35 large U.S. dividend stocks |
Fund details as of 2025. Check the issuer for the current expense ratio and holdings.
DIVO is an actively managed fund holding a small group of large, mostly blue-chip U.S. companies with a record of raising dividends. Its managers also sell call options on some of those stocks when they expect the price to stall for a while.
That puts it between a plain dividend fund like SCHD and a full covered-call fund like JEPI or QYLD. It sells calls on single stocks rather than the whole index, and only on part of the portfolio, so more of the upside stays in the fund. The monthly payout mixes the companies' dividends with that option income.
How its options work
Rather than selling calls on the whole market every month like QYLD, DIVO's managers sell them on individual holdings, usually when they think a stock has run up or will trade sideways. That brings in less option income than a full covered-call fund but leaves most of the upside in place, which is why DIVO's total return has stayed much closer to the market's than QYLD's.
DIVO or JEPI?
Both pay monthly and aim for a smoother ride. JEPI holds a broad, low-volatility portfolio and gets much of its income from options, so it pays more and grows less. DIVO holds a concentrated list of dividend growers and leans more on their dividends. Since JEPI launched in 2020, DIVO has kept clearly more of the market's gains.
Questions about DIVO
Did DIVO beat the S&P 500?
No. Over the last 5 years it trailed by 0.9 percentage points a year: +10.6% a year for DIVO against +11.5% for SPY, dividends reinvested. Its worst fall was milder than SPY's over the same history (-18.5% against -23.9%).
Who manages DIVO?
Capital Wealth Planning, an investment firm in Naples, Florida, picks the stocks and the options; Amplify ETFs is the fund's sponsor. Because it is actively managed, results depend on the managers' choices rather than an index.