QDVO: This Tactical Covered Call ETF Continues Delivering Double Digit Yields

2026-05-31 09:00:00 ET

The Amplify CWP Growth & Income ETF ( QDVO ) has quickly become one of my favorite income vehicles in the market and the more I dig into the numbers the more conviction I have in its strategy. QDVO is one of the newer income-focused ETFs available after Amplify's success with the Amplify CWP Enhanced Dividend Income ETF ( DIVO ) and it's already pulled in $730 million in net assets since going public in August 2024. One of the most appealing parts is that QDVO continues to deliver a double digit distribution yield while keeping a portion of the portfolio uncapped so it can also produce modest appreciation when the markets move higher. That combination of recurring income and appreciation is exactly what I look for and it is why I have stayed bullish on QDVO in this market environment. This is not a fund that hands you a big yield and quietly bleeds your principal to pay for it. QDVO runs a tactical covered call overlay on a concentrated book of large-cap growth names. The aspect that is beneficial is that the managers are not bound to write calls on the entire portfolio at all times which means QDVO can lean into rallies instead of capping every dollar of upside the way a fully systematic covered call fund does. I believe that this approach will continue to replicate its previous metrics going forward....

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