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Compare/Updated Oct 26, 2026, refreshed every trading day

DIVO vs SCHD

Amplify CWP Enhanced Dividend Income ETF against Schwab U.S. Dividend Equity ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.

DIVOAmplify CWP Enhanced Dividend Income ETF
$1,647
+64.7% since Oct 28, 2022
$47.57 today-0.9%
SCHDSchwab U.S. Dividend Equity ETF
$1,649
+64.9% since Oct 28, 2022
$35.27 today-0.4%
Growth of $1,000adjusted closes, dividends included
$907$1,112$1,318$1,524$1,7302023202420252026DIVO $1,647SCHD $1,649
DIVOSCHD1000 trading days, Kavout market data
The short answer

SCHD did slightly better over the full period: $1,000 invested on Oct 28, 2022 grew to $1,649, versus $1,647 for DIVO. Its three-year total return was also higher, 67.2% versus 60.0%, and SCHD led over the latest 1-, 3-, 6-month and YTD periods. However, the advantage came with greater risk: SCHD’s 12-month volatility was 11.3% versus DIVO’s 9.4%, and its worst drawdown was -16.1% versus DIVO’s -12.1%. DIVO’s covered-call strategy produced a smoother ride but lagged recently, while SCHD’s much lower 0.06% expense ratio versus DIVO’s 0.56% is another long-term advantage. Their daily returns were positively correlated at 0.814, so diversification benefits are limited, although DIVO’s lower sensitivity and volatility may appeal to investors prioritizing stability.

DIVOAmplify CWP Enhanced Dividend Income ETF
$47.57-0.9% today
  • Price is above its 200-day average ($46); 50-day at $48.
  • RSI 51, neutral. Supertrend says buy. ADX 24, so the trend is developing.
ADX BullishSupertrend Bullish
SCHDSchwab U.S. Dividend Equity ETF
$35.27-0.4% today
  • Price is above its 200-day average ($32); 50-day at $34.
  • RSI 73, overbought. Supertrend says buy. ADX 33, so the trend is strong.
ADX BullishSupertrend BullishUptrendOutperforming the market (SPY)A/D Line in a Uptrend

Head to head

Which has returned more, DIVO or SCHD?

DIVO beat SCHD in 25 of the last 48 months; SCHD won the other 23. The typical monthly gap was 1.52 points.

Total return by period

DIVOSCHD
1 month
+1.8%
+6.6%
3 months
+3.0%
+6.4%
6 months
+7.1%
+14.9%
YTD
+10.8%
+31.8%
1 year
+13.5%
+35.2%
3 years
+60.0%
+67.2%
Since 2022-10
+64.7%
+64.9%

Which is riskier?

Volatility, last 12 months
9.4%
11.3%
Worst drawdown since 2022
-12.1%
-16.1%

DIVO: Feb 13, 2025 to Apr 8, 2025; SCHD: Nov 29, 2024 to Apr 8, 2025

0.814
correlation of daily moves, 4 years
0.65
DIVO move per 1% in SCHD
0.614
correlation, last 12 months

Month by month

DIVO led 25
SCHD led 23

Of the last 48 months. The typical gap was 1.52 points.

When did they diverge?

MonthDIVOSCHDGap
April 2025-1.5%-7.7%+6.13 pts
October 2026+2.3%+8.4%-6.10 pts
January 2026+2.9%+8.7%-5.79 pts
February 2026+2.6%+6.5%-3.95 pts

Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.

Holdings and fees

What do you actually own with DIVO and SCHD?

DIVO
Amplify CWP Enhanced Dividend Income ETF
Expense ratio
0.56%
Fund assets
$8B
Price
$47.57
0.814
correlation
SCHD
Schwab U.S. Dividend Equity ETF
Expense ratio
0.06%
Fund assets
$101B
Price
$35.27

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