DIVO vs VYM
Amplify CWP Enhanced Dividend Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DIVO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.04% | |
| AUM | $7.9B | $81.6B | |
| Dividend Yield | 6.75% | 2.24% | |
| Holdings | 38 | 616 | |
| YTD Return | +12.31% | +15.25% | |
| 1Y Return | +19.76% | +22.18% | |
| 3Y Return (annualized) | +16.80% | +18.83% | |
| 5Y Return (annualized) | +11.35% | +12.09% | |
| Volatility (annualized) | 12.7% | 14.6% | |
| Max Drawdown | -31.7% | -58.8% | |
| Fund Family | Amplify ETFs | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2016 | Nov 10, 2006 |
DIVO vs VYM Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is a ETF from Amplify ETFs and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DIVO returned +19.76% while VYM returned +22.18%. Year to date, DIVO is up 12.31% versus a gain of 15.25% for VYM.
Over three years, DIVO compounded at +16.80% per year against +18.83% for VYM; over five years the annualized figures are +11.35% and +12.09% respectively. Across the full 10-year window we track, DIVO has the edge at +10.29% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.93. 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 VYM charges 0.04%. On a $10,000 position that is $56 vs $4 annually, a gap of $52 per year that compounds over a long holding period. On income, DIVO currently yields 6.75% against 2.24% for VYM.
Holdings Overlap
DIVO and VYM share 19 holdings out of 616 unique holdings combined, representing a 17.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIVO or VYM?
DIVO has an expense ratio of 0.56% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, DIVO or VYM?
Over the past year DIVO returned +19.76% vs +22.18% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +10.29% vs +7.03% for VYM. Past performance does not guarantee future results.
Which is riskier, DIVO or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.7% for DIVO. Worst drawdown: DIVO -31.7% vs VYM -58.8%.
Should I hold both DIVO and VYM?
DIVO and VYM have a monthly-return correlation of 0.93, 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 VYM?
DIVO and VYM share 19 common holdings with a 17.2% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, DIVO or VYM?
DIVO yields 6.75% while VYM yields 2.24%, so DIVO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.