Amplify International Enhanced Dividend Income ETF

IDVO

Market cap $1.29B

As a general rule of thumb, I usually expect covered call ETFs to underperform their long-only counterparts.

International developed stocks have spent 2026 quietly embarrassing the S&P 500, and the three ETFs covered here let you collect a paycheck while it happens.

Amplify CWP International Enhanced Dividend Income ETF is rated a buy, offering a compelling distribution yield and relatively better valuations than broad-market US equities. Underlying holdings generally retain earnings for reinvestment, supporting dividend sustainability and long-term growth, with a moderate option overlay for incremental income. IDVO retains the potential for capital appreciation alongside distributions, appealing to both growth- and income-focused investors.

If you bought Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) for the monthly checks, the prospectus detail that matters most this year is the one you probably skimmed: IDVO is unhedged.

The Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) has quietly become one of the more interesting income vehicles in the international space, with the ETF returning 35% over the past year and almost 12% year-to-date.

Amplify CWP International Enhanced Dividend Income ETF (IDVO) is upgraded to Buy for its strong total return and income-focused, tactical covered call strategy. IDVO offers a 5.5% yield, monthly payouts, and broad international diversification with less than 3% US exposure, appealing to income-oriented investors. The fund's partial covered call approach balances premium income and growth, with dynamic management adjusting holdings to macro conditions.

American investors have a long, painful history of underweighting international stocks.

IDVO is an actively managed ETF, both in terms of stock selection and option writing.

The rise of Amplify ETFs is one of the more interesting stories in the U.S. ETF industry. Although it only launched its first ETF under that brand in 2016, its founder, Christian Magoon, was a well-known figure in the ETF space long before that.

As the conflict in Iran continues longer than the timeframe previously outlined by the Trump administration, investors are weighing longer-term impacts to the U.S. economy and markets. Amplify ETFs CEO Christian Magoon and MFS head of ETF capital markets Jamie Harrison join CNBC's Dominic Chu on “ETF Edge” to discuss how traders are handling the volatility.