Computed head-to-head · 6 dimensions
DIVO vs SPHD
Amplify CWP Enhanced Dividend Income ETF versus Invesco S&P 500 High Dividend Low Volatility ETF — yield, safety, growth trend, cost, scale, and tax treatment.
SPHD wins 3–2 on our six-dimension comparison, but DIVO can still be the better fit depending on your priorities — see each dimension below.
DIVO or SPHD — which is better?
SPHD wins this comparison 3–2 across 6 dimensions. SPHD yields 4.31% — higher than DIVO's 2.33% — and carries a 6.8/10 dividend safety score (Solid) vs 7.3/10 for DIVO (Solid). SPHD wins 3–2 on our six-dimension comparison, but DIVO can still be the better fit depending on your priorities — see each dimension below.
On yield alone, SPHD generates 4.31% vs 2.33% — a 1.98% difference that translates to $1,980 more per year on a $100,000 investment. On dividend safety, DIVO scores 7.3/10 (Solid) vs 6.8/10 (Solid) for SPHD — investors prioritizing income reliability should weight that gap alongside the yield difference.
Scorecard at a glance
| Dimension | DIVO | SPHD | Winner |
|---|---|---|---|
| Yield | 2.33% | 4.31% | SPHD wins |
| Dividend safety | 7.3/10 | 6.8/10 | DIVO wins |
| Growth trend | — | — | Tie |
| Expense ratio | 56.00% | 30.00% | SPHD wins |
| Scale | $7.7B | $3.3B | DIVO wins |
| Tax efficiency | Ordinary income | Qualified-eligible | SPHD wins |
| Overall | 2 wins | 3 wins | SPHD wins |
Dimension by dimension
SPHD wins on yield (4.31% vs 2.33%)
On a $10,000 investment that's about $198 more in annual dividend income before taxes — though higher yield often comes with higher risk.
SPHD's higher yield (4.31%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus DIVO's 2.33% — especially if the higher yield is driven by covered calls or a falling share price.
DIVO wins on safety (7.3/10 vs 6.8/10)
Our score combines yield zone, payout ratio, trend vs 5-year average, instrument type, and size. DIVO scores better on the weighted average of those factors.
DIVO (7.3/10) scores 0.5 points higher than SPHD (6.8/10). A higher safety score means lower historical indicators of dividend cut risk — payout ratio, yield zone, and trend all factor in.
Yield-trend comparison unavailable
One or both tickers are missing 5-year average yield data.
SPHD is cheaper (30.00% vs 56.00%)
On a $10,000 position the lower expense ratio saves about $2600/year — small annually but compounds significantly over 20+ years.
On $10,000 invested, SPHD's lower expense ratio saves roughly $26/year in fees versus DIVO. Over 20 years that compounds to a meaningful drag — expense ratios are one of the few costs investors fully control.
DIVO is 2.4× larger by AUM
Larger funds tend to have tighter spreads, deeper liquidity, and lower closure risk.
SPHD is more tax-efficient in a taxable account
DIVO's distributions are typically taxed as ordinary income (covered call ETF, REIT, or mREIT) — versus qualified dividends from SPHD which get the lower long-term capital gains rate.
Full breakdown per ticker: are DIVO dividends qualified and are SPHD dividends qualified — each with the after-tax income at every federal bracket.
How we compare these
Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.
This is educational, not investment advice. Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.
Frequently asked
DIVO or SPHD — which is better?
SPHD is better on our scoring, winning 3–2 across six dimensions: yield, dividend safety, growth, cost, scale, and tax treatment. SPHD wins 3–2 on our six-dimension comparison, but DIVO can still be the better fit depending on your priorities — see each dimension below.
Which is better for income, DIVO or SPHD?
SPHD wins 3–2 on our six-dimension comparison, but DIVO can still be the better fit depending on your priorities — see each dimension below.
DIVO vs SPHD: which has a higher dividend yield?
DIVO yields 2.33% and SPHD yields 4.31%. On a $10,000 investment that's about $198 more in annual dividend income before taxes — though higher yield often comes with higher risk.
Is DIVO or SPHD a safer dividend in 2026?
DIVO scores 7.3/10 (Solid) on the Infnits dividend safety scale. SPHD scores 6.8/10 (Solid). DIVO is the safer pick on our scoring model.
Which has better dividend growth, DIVO or SPHD?
One or both tickers are missing 5-year average yield data.
DIVO vs SPHD: which is more tax-efficient?
DIVO's distributions are typically taxed as ordinary income (covered call ETF, REIT, or mREIT) — versus qualified dividends from SPHD which get the lower long-term capital gains rate.
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Compare both against your actual holdings
Put DIVO and SPHD into the free analyzer with the rest of your portfolio. You'll see what each one contributes to your annual income, your weighted safety score, and whether adding SPHD diversifies you or just duplicates what you hold. No account, no download.