DIVO
Amplify CWP Enhanced Dividend Income ETF
The Amplify YieldShares CWP Dividend & Option Income ETF is an actively-managed ETF that aims to provide income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy.
US
EQUITY
Active
MANAGEMENT STYLE
3.7 B
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Amplify |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 13, 2016 |
| Assets (mns) | $3,732 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| UNITEDHEALTH GROUP INC | 5.5 % |
| MICROSOFT CORP | 5.5 % |
| VISA INC. CLASS A | 5.4 % |
| CATERPILLAR INC | 5.3 % |
| HONEYWELL INTERNATIONAL INC | 5.1 % |
| HOME DEPOT INC | 5.1 % |
| CME GROUP INC | 5.1 % |
| CASH & OTHER | 5.0 % |
| GOLDMAN SACHS GROUP INC | 4.9 % |
| AMGEN INC | 4.9 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 446 |
| Wgt avg mkt cap (mns) | $652,439 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.5% | 26.0% | 13.0% | 10.9% | 12.7% | -- | 12.9% | Volatility | 8.7% | 8.6% | 9.6% | 12.0% | 16.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 78% |
| MSCI EAFE | 0.61 | 65% |
| MSCI Emg Mkts | 0.38 | 25% |
Liquidity Measures
| Avg. volume (000) | 321 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $37,275 |
Technical Indicators
| Recent close | $40.41 |
| 30d moving avg. | $42.23 |
| Annualized volatility | 13.2% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DIVO |
Expenses vs. DIVO |
ALTAR Score™ vs. DIVO |
|---|---|---|---|---|
| DJIA | Global X Dow 30 Covered Call ETF | 58.3% | +5 bp | -0.8% |
| DYLG | Global X Dow 30 Covered Call & Growth ETF | 58.1% | +5 bp | -0.7% |
| CCOR | Core Alternative ETF | 24.5% | +52 bp | -0.8% |
| SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 24.1% | +27 bp | +0.3% |
| ACIO | Aptus Collared Investment Opportunity ETF | 20.7% | +24 bp | -1.4% |
| SFLR | Innovator Equity Managed Floor ETF | 19.3% | +34 bp | -1.5% |
| PBP | Invesco S&P 500 BuyWrite ETF | 19.2% | -6 bp | -1.0% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 19.2% | +5 bp | -1.1% |
| XYLD | Global X S&P 500 Covered Call ETF | 19.2% | +5 bp | -1.1% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 19.0% | +5 bp | -1.1% |
Risk and Returns: DIVO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DIVO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
DIVO
5.6%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. DIVO's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places DIVO in the 49th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DIVOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| DIVO (55 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DIVO | 55.0 | 10.7 | 65.7 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .