Amplify CWP Enhanced Dividend Income ETF
ALTAR
Score™		 4.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 22.6x P/Sales
ratio		 3.8x
P/BV
ratio		 4.4x Div.
yield		 1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category US Equities
Fund Sponsor Amplify
Website www.amplifyetfs.com
Inception date Dec 13, 2016
Assets (mns) $5,665
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives Yes
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $704,965
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RTX CORP 5.2 %
INTL BUSINESS MACHINES CORP 5.2 %
MICROSOFT CORP 5.2 %
AMERICAN EXPRESS CO 5.1 %
CATERPILLAR INC 5.1 %
CME GROUP INC 5.0 %
CASH & OTHER 5.0 %
JPMORGAN CHASE & CO 4.9 %
GOLDMAN SACHS GROUP INC 4.9 %
VISA INC. CLASS A 4.8 %
Total 50.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.5 %
CANADA 2.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.9% 11.8% 12.8% -- 12.7%

Market Correlations
versus... Beta R-squared
S&P500 0.62 81%
MSCI EAFE 0.63 61%
MSCI Emg. Mkts. 0.50 43%

Technical Indicators
Recent close $45.63
30d moving avg. $44.67
Annualized volatility 9.8%
Short interest (ETF) 0.3%
Short interest (Underlying) 0.9%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 731
Turnover 0.6%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $26,326

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 32 potential alternatives to the Amplify CWP Enhanced Dividend Income ETF ETF based on the alternatives' overlap in portfolio holdings with DIVO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DIVO Expense: 55 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DIVO
Ticker Fund
Name		 Overlap1
vs DIVO
(%)		 Expense
ratio
(bp)		 Savings
vs DIVO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DIVO
(%)
DJIA Global X Dow 30 Covered Call ETF 56.4 60 -5 4.9 +0.2
DYLG Global X Dow 30 Covered Call & Growth ETF 56.1 60 -5 5.0 +0.2
CCOR Core Alternative ETF 31.9 107 -52 5.1 +0.4
ACIO Aptus Collared Investment Opportunity ETF 23.6 79 -24 4.0 -0.7
SFLR Innovator Equity Managed Floor ETF 22.5 89 -34 3.8 -1.0
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 22.1 82 -27 6.7 +1.9
PBP Invesco S&P 500 BuyWrite ETF 21.4 49 6 4.4 -0.3
XYLD Global X S&P 500 Covered Call ETF 21.3 60 -5 4.3 -0.5
XRMI Global X S&P 500 Risk Managed Income ETF 21.2 60 -5 4.3 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 21.1 60 -5 4.3 -0.4
XTR Global X S&P 500 Tail Risk ETF 20.9 26 29 4.7 -0.1
XCLR Global X S&P 500 Collar 95-110 ETF 20.8 25 30 4.7 -0.1
EFIV State Street SPDR S&P 500 ESG ETF 20.4 10 45 5.0 +0.3
FTHI First Trust BuyWrite Income ETF 20.3 75 -20 4.7 -0.0
GARP iShares MSCI USA Quality GARP ETF 17.9 15 40 3.9 -0.8
QUSA VistaShares Target 15 USA Quality Income ETF 16.7 95 -40 0.0 -4.7
MMLG First Trust Multi-Manager Large Growth ETF 16.3 85 -30 2.0 -2.7
FTQI First Trust Nasdaq BuyWrite Income ETF 15.6 75 -20 3.6 -1.2
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 13.8 68 -13 3.7 -1.0
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 13.7 35 20 3.9 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 12.8 60 -5 3.7 -1.1
QRMI Global X NASDAQ 100 Risk Managed Income ETF 12.8 60 -5 3.7 -1.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 12.8 60 -5 3.7 -1.1
QTR Global X NASDAQ 100 Tail Risk ETF 12.7 26 29 4.1 -0.6
QCLR Global X NASDAQ 100 Collar 95-110 ETF 12.6 25 30 4.0 -0.7
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 10.6 75 -20 5.9 +1.1
TYLG Global X Information Technology Covered Call & Growth ETF 10.1 60 -5 3.9 -0.9
XVOL Acruence Active Hedge U.S. Equity ETF 8.9 83 -28 4.1 -0.7
THNQ ROBO Global Artificial Intelligence ETF 6.8 68 -13 2.4 -2.3
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 4.1 58 -3 3.0 -1.8
LCG Sterling Capital Focus Equity ETF 3.7 59 -4 3.0 -1.7
IDVO Amplify International Enhanced Dividend Income ETF 2.1 65 -10 5.1 +0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Amplify CWP Enhanced Dividend Income ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.9 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.