DIVO vs SPYI: Performance, Holdings, Fees & Risk
DIVO and SPYI are ETFs, but they can differ materially in exposure, yield, fees and risk. DIVO is Amplify CWP Enhanced Dividend Income ETF, while SPYI is Neos S&P 500(R) High Income ETF. SPYI is broader by holdings count, with 508 positions versus 42 for DIVO. DIVO is more concentrated at the top, based on top-10 holdings weight.
What is the main difference between DIVO and SPYI?
SPYI holds 508 positions to DIVO's 42, and 28% of their weight is in the same securities.
| Metric | DIVO | SPYI |
|---|---|---|
| Fund | ||
| Expense ratio | 0.56% | 0.68% |
| Holdings | 42 | 508 |
| Top-10 concentration | 49.8% | 38% |
| Distribution yieldTrailing 12 months | 6.28% | 11.81% |
| Average volume | 801,828 | 2,718,949 |
| Performance | ||
| 1Y return | +9.4% | +3.4% |
| YTD return | +7.9% | +2.2% |
| Risk | ||
| Annualized volatility | 9.7% | 11.1% |
| Max drawdown (1Y) | -6.7% | -10.1% |
| Beta | 0.52 | 0.82 |
| Sharpe ratio | 0.49 | -0.04 |
| Sortino ratio | 0.78 | -0.06 |
| AlgovestIQ | ||
| AIQ Score | 60/100 | 60/100 |
| AIQ Edge Score | 8/10 | 8/10 |
| Momentum | 79/100 | 69/100 |
| Risk Resilience | 76/100 | 81/100 |
AlgovestIQ AIQ Comparison
Amplify CWP Enhanced Dividend Income ETF vs Neos S&P 500(R) High Income ETF
DIVO and SPYI are effectively level
DIVO and SPYI are effectively level on the AIQ Score; the factor table below shows where each one holds its advantage.
Amplify CWP Enhanced Dividend Income ETF
Neos S&P 500(R) High Income ETF
The Algovestiq AIQ Score does not currently separate DIVO and SPYI as of Oct 21, 2026. Both names are scored on the same 0–100 scale across Quality, Value, Momentum and Risk Resilience, and the factor table below shows where each one holds its advantage.
Compare Amplify CWP Enhanced Dividend Income ETF and Neos S&P 500(R) High Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
DIVO vs SPYI: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | DIVO | SPYI | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.56% | 0.68% | DIVO |
| Broader diversificationNumber of holdings | 42 | 508 | SPYI |
| Lower concentrationWeight of the 10 largest holdings | 49.8% | 38% | SPYI |
| Higher incomeTrailing 12-month distribution yield | 6.28% | 11.81% | SPYI |
| Smaller drawdownsMax drawdown, 1 year | -6.7% | -10.1% | DIVO |
| Lower volatilityAnnualized volatility, 1 year | 9.7% | 11.1% | DIVO |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare DIVO and SPYI against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum79 vs 69DIVO +10
- Quality57 vs 62SPYI +5
- Risk Resilience76 vs 81SPYI +5
- Value40 vs 40Even
Neither name separates cleanly on the covered dimensions.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
No factor moved materially.
New signals
- Keltner Channel Breakout — bullish, volatility, short horizon
Largest factor move: Momentum +17
New signals
- Uptrend Structure Active — bullish, trend, long horizon
DIVO's lead narrowed by 4 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — DIVO and SPYI both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | DIVO | SPYI | Why it matters |
|---|---|---|---|
| Expense ratio | 0.56% | 0.68% | Lower is better — it compounds against you every year you hold. |
| Holdings | 42 | 508 | More holdings means broader diversification, not better returns. |
| Average volume | 801,828 | 2,718,949 | Liquidity — matters most if you trade size. |
| Annualized volatility | 9.7% | 11.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -6.7% | -10.1% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.49 | -0.04 | Return per unit of risk. Higher is better. |
| Beta | 0.52 | 0.82 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
DIVO and SPYI share 27.57% of their weighted exposure across 28 common holdings.
13 holdings are unique to DIVO, and 479 holdings are unique to SPYI. Owning both is genuinely additive — most of the capital sits in different securities.
DIVO is the more concentrated of the two: its ten largest positions are 49.81% of the fund, against 37.98% for SPYI (42 holdings vs 508). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | DIVO | SPYI | Shared |
|---|---|---|---|
| AAPLApple Inc | 5.59% | 7.27% | 5.59% |
| MSFTMicrosoft Corp | 6.25% | 5.57% | 5.57% |
| NVDANVIDIA Corp | 3.86% | 8.02% | 3.86% |
| GOOGLAlphabet Inc | 3.02% | 2.96% | 2.96% |
| JPMJPMORGAN CHASE & CO. | 4.94% | 1.42% | 1.42% |
| VVisa Inc | 5.12% | 0.92% | 0.92% |
| WMTWalmart Inc | 2.86% | 0.71% | 0.71% |
| CVXChevron Corp | 4.88% | 0.6% | 0.6% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What DIVO adds that SPYI doesn’t
| Holding | DIVO | SPYI |
|---|---|---|
| CATCaterpillar Inc | 5.22% | 0.57% |
| VVisa Inc | 5.12% | 0.92% |
| JPMJPMORGAN CHASE & CO. | 4.94% | 1.42% |
| GSGoldman Sachs Group Inc/The | 4.94% | 0.45% |
| CVXChevron Corp | 4.88% | 0.6% |
| AMGNAmgen Inc | 4.59% | 0.31% |
What SPYI adds that DIVO doesn’t
| Holding | SPYI | DIVO |
|---|---|---|
| NVDANVIDIA Corp | 8.02% | 3.86% |
| AMZNAmazon.com Inc | 3.81% | Not held |
| AVGOBroadcom Inc | 2.6% | Not held |
| GOOGAlphabet Inc | 2.41% | Not held |
| METAMeta Platforms Inc | 2.14% | Not held |
| MUMicron Technology Inc | 1.65% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
DIVO vs SPYI: five-year payout growth
DIVO grew its split-adjusted payout at 12.25% a year over 2020-2025. SPYI began paying distributions in 2022, so it has no 2020-2025 growth rate to compare. DIVO: The 2020 payout was 35.8% below 2019, so the growth rate measures a recovery from a weak starting year. DIVO: The payout jumped 50.7% in 2025, a single step rather than steady compounding - often an index or mandate change. DIVO: A single payment in an endpoint year was 6.4x the fund's median payment, so one distribution carries much of the result.
| Dividend metric | DIVO | SPYI |
|---|---|---|
| 2025 annual payout | $2.866 | $6.146 |
| Peer rank | #4 of 33 | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
How each independent group of evidence reads the pair.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 60 vs 60 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 40 vs 40 |
| Technicals | DIVO | Price vs 50-day 0.9% vs -0.4%; vs 200-day 3.5% vs 1.9% |
| Risk Resilience | SPYI | Risk Resilience 76 vs 81 |
| Analyst expectations | Not covered | Not covered |
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 0 points. (argues the conclusion is provisional)
- Only 0 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20SPYI lead: Weakening — the AIQ differential moved from 5 to 0 points over 30 sessions.
- Today
- Level
- 60 vs 60
- 7 sessions ago
- SPYI +1
- 58 vs 59
- 30 sessions ago
- SPYI +5
- 49 vs 54
- 90 sessions ago
- Not covered
The lead changed hands once in this window, most recently on Oct 19 when DIVO moved ahead of SPYI.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
6 bullish / 1 bearish / 2 neutral, conflicted
Only DIVO
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
4 bullish / 1 bearish / 2 neutral, conflicted
Only SPYI
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 6 more signals that do not separate them: Bollinger Band Squeeze, Golden Cross Active, ATR Contraction - Coiling, EMA Ribbon Expansion Bullish, 52-Week High Proximity, Uptrend Structure Active.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.31%, AIQ 0 points).
Price is down while the AIQ Score moved up 4 points over the same session — price and model disagree (price -0.54%, AIQ +4 points).
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
DIVO leads 6 of 6 windows| Metric | DIVO | SPYI |
|---|---|---|
| 1 week (5 sessions) | 1% | -0.8% |
| 1 month (20 sessions) | 1.4% | 0% |
| 3 months (63 sessions) | 2.9% | 1.6% |
| 6 months (126 sessions) | 4.8% | 2.7% |
| Year to date | 7.9% | 2.2% |
| 1 year (252 sessions) | 9.4% | 3.4% |
Technicals
DIVO has the stronger structure| Metric | DIVO | SPYI |
|---|---|---|
| RSI (14) | 84.1 | 59.5 |
| ADX (14) | 22.5 | 14.2 |
| Price vs 50-day | 0.9% | -0.4% |
| Price vs 200-day | 3.5% | 1.9% |
| Volatility (1M, annualized) | 7.3% | 7% |
Risk
SPYI is the more resilient| Metric | DIVO | SPYI |
|---|---|---|
| Beta | 0.52 | 0.82 |
| Sharpe ratio | 0.49 | -0.04 |
| Sortino ratio | 0.78 | -0.06 |
| Max drawdown | -6.7% | -10.1% |
| Current drawdown | -1.6% | -1.3% |
| Annualized volatility | 9.7% | 11.1% |
| Value at risk (95%) | -1% | -1.3% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between DIVO and SPYI?
SPYI holds 508 positions to DIVO's 42, and 28% of their weight is in the same securities.
How much do DIVO and SPYI overlap?
DIVO and SPYI share 27.57% of their weighted exposure across 28 common holdings. 13 holdings are unique to DIVO, and 479 holdings are unique to SPYI. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, DIVO or SPYI?
SPYI holds more positions: 508 versus 42 for DIVO.
Which has the lower expense ratio?
DIVO has the lower expense ratio, 0.56% a year against 0.68% for SPYI.
Which ETF has the higher distribution yield?
SPYI, with a trailing 12-month distribution yield of 11.81% against 6.28% for DIVO.
Which ETF has been more volatile?
SPYI has been more volatile over the past year, at 11.1% annualized against 9.7% for DIVO.
Which ETF has had the smaller drawdown?
DIVO fell less from peak to trough over the past year: -6.7% against -10.1% for SPYI.
Compare DIVO and SPYI with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.