DIVO vs SCHD
Amplify CWP Enhanced Dividend Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | DIVO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.06% | |
| AUM | $7.9B | $108.7B | |
| Dividend Yield | 6.75% | 3.13% | |
| Holdings | 38 | 104 | |
| YTD Return | +12.01% | +29.07% | |
| 1Y Return | +19.44% | +31.45% | |
| 3Y Return (annualized) | +16.92% | +17.18% | |
| 5Y Return (annualized) | +11.32% | +10.30% | |
| Volatility (annualized) | 12.7% | 13.7% | |
| Max Drawdown | -31.7% | -33.4% | |
| Fund Family | Amplify ETFs | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2016 | Oct 20, 2011 |
DIVO vs SCHD Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is a ETF from Amplify ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DIVO returned +19.44% while SCHD returned +31.45%. Year to date, DIVO is up 12.01% versus a gain of 29.07% for SCHD.
Over three years, DIVO compounded at +16.92% per year against +17.18% for SCHD; over five years the annualized figures are +11.32% and +10.30% respectively. Across the full 10-year window we track, SCHD has the edge at +11.64% annualized vs +10.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 12.7% 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVO charges 0.56% per year while SCHD charges 0.06%. On a $10,000 position that is $56 vs $6 annually, a gap of $50 per year that compounds over a long holding period. On income, DIVO currently yields 6.75% against 3.13% for SCHD.
Holdings Overlap
DIVO and SCHD share 7 holdings out of 125 unique holdings combined, representing a 16.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIVO or SCHD?
DIVO has an expense ratio of 0.56% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, DIVO or SCHD?
Over the past year DIVO returned +19.44% vs +31.45% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +10.26% vs +11.64% for SCHD. Past performance does not guarantee future results.
Which is riskier, DIVO or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 12.7% for DIVO. Worst drawdown: DIVO -31.7% vs SCHD -33.4%.
Should I hold both DIVO and SCHD?
DIVO and SCHD have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DIVO and SCHD?
DIVO and SCHD share 7 common holdings with a 16.8% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, DIVO or SCHD?
DIVO yields 6.75% while SCHD yields 3.13%, so DIVO currently pays the higher dividend yield.
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