Amplify CWP Enhanced Dividend Income ETF

DIVO

Market cap $6.05B

For income investors who are tired of “safe” 2% or 3% yields, the current market offers a variety of different ETFs that are paying well above 5%.

When you are living on Social Security, it goes without saying that every dollar matters, and finding a way to supplement income can go a long way to not just covering basic expenses, but also helping out when emergency medical expenses happen.

Amplify ETFs had an impressive year in 2025, outperforming the broader market in both asset growth rate and performance across its thematic and income-oriented suites.  The firm ended the year with 39 ETFs in its lineup and a total of $17 billion in assets under management.

The Amplify CWP Enhanced Dividend Income ETF offers a compelling mix of steady yield and capital appreciation, outperforming peers in recent months. DIVO's diversified, rotationally favored holdings and lower tech exposure have driven recent outperformance versus SPY and QDVO. The fund's covered call strategy supports a stable, growing distribution, with a current yield around 5.4% at prevailing prices.

JEPQ yields 11.6% by selling covered calls on large-cap growth stocks and distributing option premiums to investors. VYMI offers 3.64% yield with exposure to 1,534 international dividend stocks including Nestlé and Toyota.

DIVO, QDVO, and QQQH offer high-yield income with strategies designed to minimize NAV erosion versus typical option ETFs. DIVO targets blue-chip dividend growers, uses OTM covered calls on 20–30% of assets, and has delivered a 198.8% total return since inception. QDVO focuses on growth stocks, writes OTM options on 30–50% of assets, and currently yields 9.8%, but has a limited track record.

For most investors, this is a game to stick in for the long haul. That includes novice investors with decades ahead of them before they clock out for the last time and even retirees.

After spending decades working hard and saving, retirees want their portfolios to get them through.

From the novice investor to retirees, earning a powerful and consistent stream of monthly income is a primary goal.

The market seems to once again disregard the increasingly challenging economic and geopolitical backdrop. Despite rich valuations and higher risks, we are seeing a continued rise across the major Mag-7-based indices. However, the ETF inflows show no signs of stopping, and the argument of sitting on the sidelines due to stretched valuations sounds really like a broken record.