DIVO vs VOO
DIVO vs VOO
Amplify CWP Enhanced Dividend Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DIVO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $7.6B | $979.0B | |
| Dividend Yield | 6.89% | 1.09% | |
| Holdings | 35 | 509 | |
| YTD Return | +9.87% | +13.53% | |
| 1Y Return | +18.88% | +23.65% | |
| 3Y Return (annualized) | +15.24% | +21.27% | |
| 5Y Return (annualized) | +11.11% | +13.52% | |
| Volatility (annualized) | 12.6% | 14.1% | |
| Max Drawdown | -31.7% | -34.3% | |
| Fund Family | Amplify ETFs | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2016 | Sep 7, 2010 |
DIVO vs VOO Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is a ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DIVO returned +18.88% while VOO returned +23.65%. Year to date, DIVO is up 9.87% versus a gain of 13.53% for VOO.
Over three years, DIVO compounded at +15.24% per year against +21.27% for VOO; over five years the annualized figures are +11.11% and +13.52% respectively. Across the full 10-year window we track, VOO has the edge at +13.57% annualized vs +10.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVO charges 0.56% per year while VOO 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 6.89% against 1.09% for VOO.
Holdings Overlap
DIVO and VOO share 27 holdings out of 510 unique holdings combined, representing a 22.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DIVO | Weight in VOO | Difference |
|---|---|---|---|
| AAPL | 5.58% | 6.59% | 1.01% |
| NVDA | 2.97% | 7.51% | 4.54% |
| MSFT | 4.96% | 4.30% | 0.66% |
| CAT | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| GS | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| AXP | Pro | Pro | Pro |
| TJX | Pro | Pro | Pro |
See all 10 holdings DIVO shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DIVO or VOO?
DIVO has an expense ratio of 0.56% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, DIVO or VOO?
Over the past year DIVO returned +18.88% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +10.10% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, DIVO or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.6% for DIVO. Worst drawdown: DIVO -31.7% vs VOO -34.3%.
Should I hold both DIVO and VOO?
DIVO and VOO have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIVO and VOO?
DIVO and VOO share 27 common holdings with a 22.9% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, DIVO or VOO?
DIVO yields 6.89% while VOO yields 1.09%, so DIVO currently pays the higher dividend yield.
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