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DIVOAmplify CWP Enhanced Dividend Income ETF

Get income9y track recordRanked #327 of 1,650 in this goal

Seeks a high level of risk-adjusted total return through a combination of current income and capital appreciation.

By Amplify ETFs · Launched 2016

Annual Cost

0.56%

#2,977 of 5,854 · average

Fund Size

$7.2B

#354 of 5,854 · large

Dividend YieldGoal

2.26%

Track Record

9 years

#1,483 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,819+18.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 49.1% of fundmoderately concentrated

RTX Corp
5.3%
Goldman Sachs Group Inc/The
5.1%
Microsoft Corp
5.1%
Caterpillar Inc
5.0%
JPMorgan Chase & Co
5.0%
Apple Inc
4.9%
American Express Co
4.9%
Chevron Corp
4.8%
TJX Cos Inc/The
4.7%
Amplify Samsung SOFR ETF
4.4%

Asset allocation

Stocks
91.8%
Cash
8.0%
Other
0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.3%Low

Year-on-year price swings

Max drawdown
-31.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.98Decent risk-adjusted returns
Sortino (3Y)
1.45Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks a high level of risk-adjusted total return through a combination of current income and capital appreciation.
Strategy
Invests primarily in dividend-paying U.S. exchange-traded equity securities, tactically writing covered call options to generate additional income. Focuses on large-cap companies across financials, industrials, and information technology sectors, aiming for consistent dividend growth and capital appreciation.
Inception date
December 13, 2016
Fund family
Amplify ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03