DIVO vs SCHD
Amplify CWP Enhanced Dividend Income ETF vs Schwab U.S. Dividend Equity ETF
Last updated: 2026-04-10
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund issued by Amplify that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a high expense ratio of 0.56%. The fund offers a high dividend yield of 6.39%. Launched in 2016, the fund has a 10-year track record.
Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund issued by Schwab that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 3.44%. Launched in 2011, the fund has a 15-year track record.
Quick Verdict
SCHD is significantly cheaper at 0.06% vs 0.56% expense ratio, saving you approximately $974 per $10,000 invested over 10 years. Over the past year, SCHD has significantly outperformed with a 22.8% return vs 17.2%. Income investors may prefer DIVO for its higher yield (6.4% vs 3.4%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 10 holdings overlap (0% overlap in top holdings)
DIVO Top Holdings
| Name | Weight |
|---|---|
| RTX CorporationRTX | 5.46% |
| Caterpillar Inc.CAT | 5.38% |
| The Goldman Sachs Group, Inc.GS | 5.13% |
| Microsoft CorporationMSFT | 5.05% |
| JPMorgan Chase & Co.JPM | 5.04% |
| American Express CompanyAXP | 4.97% |
| Apple Inc.AAPL | 4.85% |
| The TJX Companies, Inc.TJX | 4.63% |
| Amplify Samsung SOFR ETF#SOFR | 4.31% |
| The Home Depot, Inc.HD | 4.24% |
SCHD Top Holdings
| Name | Weight |
|---|---|
| Chevron CorporationCVX | 4.41% |
| ConocoPhillipsCOP | 4.28% |
| Merck & Co., Inc.MRK | 4.15% |
| The Coca-Cola CompanyKO | 4.08% |
| Texas Instruments IncorporatedTXN | 4.07% |
| UnitedHealth Group IncorporatedUNH | 3.98% |
| Verizon Communications Inc.VZ | 3.96% |
| PepsiCo, Inc.PEP | 3.95% |
| Abbott LaboratoriesABT | 3.73% |
| Amgen Inc.AMGN | 3.73% |
Which One Should You Choose?
Choose SCHD if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose SCHD if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose DIVO if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.