DIVO vs SPYI: Yield, Cost and Returns Compared
As of Nov 5, 2026, SPYI yields more: 12.20% (dividend yield) against 6.40% for DIVO. DIVO is cheaper to own at 0.56% a year vs 0.68%. Over the same 4 years (Aug 2022 to Oct 2026), SPYI returned 14.8% a year with distributions reinvested, and DIVO 13.7%.
DIVOAmplify CWP Enhanced Dividend Income ETF6.40%dividend yield
SPYINeos S&P 500(R) High Income ETF12.20%dividend yield| Compared | DIVO | SPYI |
|---|---|---|
| YieldDividend yield | 6.40% | 12.20% |
| Expense ratio | 0.56% | 0.68% |
| Total return, 1 yr | +12.5% | +11.9% |
| Total return, 3 yr (a year) | +17.6% | +18.0% |
| Total return, 5 yr (a year) | +10.5% | — |
| Worst drop since Aug 2022 | -6.8% | -7.8% |
| Share price since Aug 2022 | +37% | +7% |
| Pays | Monthly | Monthly |
| Issuer | Amplify | Neos |
| Assets | $8.0B | $12.5B |
| Started | 2016 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
SPYI
12.20%
Lower cost
DIVO
0.56%
Better total return
SPYI
14.8%/yr
Smaller worst drop
DIVO
-6.8%
Key facts: DIVO vs SPYI
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, DIVO yields 6.40% (dividend yield) and SPYI yields 12.20% (dividend yield).
- DIVO's expense ratio is 0.56% and SPYI's is 0.68%: $56 vs $68 a year on $10,000.
- From Aug 2022 to Oct 2026, $10,000 in DIVO grew to $17,062 (13.7% a year) and $10,000 in SPYI to $17,743 (14.8% a year), distributions reinvested.
- Their worst month-end drops over that time: -6.8% for DIVO and -7.8% for SPYI.
- 2 of DIVO's top ten holdings are also in SPYI's top ten, an overlap of at least 11% of the fund.
Cite this page
SmarterDividends, "DIVO vs SPYI: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/divo-vs-spyi
$10,000 in each, Aug 2022 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
DIVO became
$17,062
13.7% a year
SPYI became
$17,743
14.8% a year
Year by year
| Year | DIVO | SPYI |
|---|---|---|
| 2025 | +17.4% | +16.7% |
| 2024 | +16.2% | +19.0% |
| 2023 | +7.0% | +18.1% |
Total return each calendar year, distributions reinvested.
Top holdings
2 of the top ten overlap, at least 11% of each fund.
DIVO
- MSFT Microsoft Corp5.9%
- AMGN Amgen Inc5.7%
- V Visa Inc Class A5.4%
- AGPXX Invesco Shrt-Trm Inv Gov&Agcy Instl5.3%
- AAPL Apple Inc5.1%
- JPM JPMorgan Chase & Co4.9%
- GS The Goldman Sachs Group Inc4.9%
- CAT Caterpillar Inc4.5%
- SOFR Amplify Samsung SOFR ETF4.2%
- AXP American Express Co4.1%
SPYI
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.0%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
DIVO vs SPYI: questions
Is DIVO or SPYI better?
It depends on the job. SPYI pays more today (12.20% vs 6.40%), DIVO costs less, and SPYI has the better total return over Aug 2022 to Oct 2026, with DIVO holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, DIVO or SPYI?
SPYI, at 12.20% against 6.40% for DIVO as of Nov 5, 2026. On $10,000 that's about $1,220 vs $640 a year at today's rates.
Which has the better total return?
SPYI. From Aug 2022 to Oct 2026, it returned 14.8% a year with distributions reinvested, against 13.7% for DIVO. $10,000 became $17,743 vs $17,062.
Which is cheaper, DIVO or SPYI?
DIVO, with a 0.56% expense ratio against 0.68%.
Do DIVO and SPYI hold the same things?
Partly. 2 of their top ten holdings match (MSFT, AAPL), at least 11% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. DIVO leads on 4 of 6 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.