DIVO vs IVV
Amplify CWP Enhanced Dividend Income ETF vs iShares Core S&P 500 ETF
Which is better, DIVO or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 50.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVO | IVV |
|---|---|---|
| Expense Ratio | 0.56% | 0.03%Best |
| AUM | $7.9B | $876.4B |
| Dividend Yield | 6.60% | 1.06% |
| Holdings | 76 | 508 |
| YTD Return | +8.69% | +11.03%Best |
| 1Y Return | +14.60% | +15.62%Best |
| 3Y Return (annualized) | +15.43% | +20.81%Best |
| 5Y Return (annualized) | +11.01% | +12.61%Best |
| Volatility (annualized) | 12.6%Best | 15.6% |
| Max Drawdown | -31.7%Best | -33.9% |
| $10,000 over 5 years | $16,858 | $18,109Best |
| Top 10 Weight | 50.7% | 37.8%Best |
| Fund Family | Amplify ETFs | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Blend |
| Inception | Dec 13, 2016 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2016 to Sep 16, 2026 (9.8 years).
DIVO vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.8 years both funds cover.
DIVO vs IVV Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF from Amplify ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DIVO returned +14.60% while IVV returned +15.62%. Year to date, DIVO is up 8.69% versus a gain of 11.03% for IVV.
Over three years, DIVO compounded at +15.43% per year against +20.81% for IVV; over five years the annualized figures are +11.01% and +12.61% respectively. Across the full 10-year window we track, IVV has the edge at +14.03% annualized vs +9.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 12.6% for DIVO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.7% for DIVO and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVO charges 0.56% per year while IVV charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, DIVO currently yields 6.60% against 1.06% for IVV.
Holdings Overlap
88.3% of DIVO's money is in holdings IVV also owns. 33.0% of IVV's money is in holdings DIVO also owns.
Most of DIVO is already inside IVV. Owning both mostly buys the same companies twice.
27 positions in common, counted across the 31 positions we hold weights for in DIVO and 490 in IVV, against full books of 76 and 508.
What only one of them owns
Our book lists 455 positions for IVV that do not appear in our book for DIVO (65.6% of the fund), and 3 for DIVO that do not appear in IVV (10.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVO | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.29% | 7.02% | 1.73% |
| MSFTMicrosoft Corp | 6.34% | 5.69% | 0.65% |
| NVDANvidia Corp | 3.87% | 8.07% | 4.20% |
| JPMJpmorgan Chase | 4.90% | 1.44% | 3.46% |
| VVisa Inc Class A | 5.21% | 0.95% | 4.26% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.00% | 0.00% |
| AMGNAmgen Inc. | 5.19% | 0.35% | 4.84% |
| CATCaterpillar, Inc. | 4.95% | 0.55% | 4.40% |
| GSGoldman Sachs Group Inc/The | 4.86% | 0.46% | 4.40% |
| CVXChevron Corp | 4.66% | 0.58% | 4.08% |
88.3% of DIVO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVO or IVV?
DIVO has an expense ratio of 0.56% while IVV charges 0.03%. IVV is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, DIVO or IVV?
Over the past year DIVO returned +14.60% vs +15.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +9.85% vs +14.03% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVO or IVV?
IVV has been the more volatile fund at 15.6% annualized versus 12.6% for DIVO. Worst drawdown: DIVO -31.7% vs IVV -33.9%.
Should I hold both DIVO and IVV?
DIVO and IVV have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVO and IVV?
88.3% of DIVO's money is in holdings IVV also owns. 33.0% of IVV's is in holdings DIVO also owns. They hold 27 positions in common, counted across the 31 positions we hold weights for in DIVO and 490 in IVV.
Which pays a higher dividend, DIVO or IVV?
DIVO yields 6.60% while IVV yields 1.06%, so DIVO currently pays the higher dividend yield.
Is IVV better than DIVO?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 50.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.