$IDVO ETF Overview: Returns, Expense Ratio, Holdings, and Alternative ETFs
A global active ETF that pursues high-level monthly income by combining quality dividend stocks from regions outside the United States with a covered call strategy.
SubscribeWhat is this ETF?
It invests in 30 to 50 quality companies selected from large- and mid-cap stocks outside the United States that pay steady dividends. The core of the strategy is generating additional income by selling call options on individual holdings alongside the stock purchases.
It is well suited for income-oriented investors seeking exposure to global growth stocks outside the U.S. market while targeting high monthly dividend payouts and lower volatility.
The ETF was launched in 2022 by Amplify ETFs and is managed using an active strategy.
How does it invest?
| Item | Details |
|---|---|
| Benchmark Index | N/A (Actively Managed) |
| Management Style | Active (Combined with Covered Call) |
| Rebalancing Frequency | As needed (Active adjustments) |
| Dividend Schedule | Monthly dividend |
| Total Expense Ratio | 0.65% |
The fund selectively invests in global companies with attractive dividend yields and solid fundamentals, and tactically sells call options based on market conditions. This structure helps defend performance through option premium income even when the index stalls or declines modestly.
- Covered call strategy specialized in non-U.S. dividend stocks
- Strong cash flow generated by combining dividends with option premiums
Size and Costs
Assets under management (AUM) stand at $1.4B, and the total expense ratio is 0.65% annually.
As the global version of the U.S.-focused DIVO, it offers the advantage of diversifying a U.S.-concentrated portfolio while capturing dividend income from quality overseas companies.
Performance and Flows
1-Year Price Performance
Dividend & Yield
52-Week Price RangeSupported by a rebound in global tech stocks and stabilizing commodity prices, large-cap European and Asian companies have shown recovery, allowing the fund to maintain solid performance combining capital gains with dividend income.
With debates over U.S. market overvaluation coinciding with demand for global diversification, investor interest in overseas high-dividend assets has been rising, and inflows have continued.
Strengths and Weaknesses
It offers stable monthly dividends and strong global diversification benefits, but the nature of the covered call strategy can cap upside during sharp equity rallies.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products
The VYMI shown in the table is a representative low-cost passive product focused on international high-dividend stocks, while VIGI emphasizes dividend growth. Investors can compare these with similar active strategies such as DFAI and choose a product that matches their own risk appetite. For investors who want to combine overseas high dividends with U.S. high dividends, pairing it with SCHD can also be an effective approach.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VYMI | Vanguard International High Dividend Yield ETF | $101.40 | -0.5% | $21.8B | 0.07% | 3.67% | +18.5% |
 DFAI | Dimensional International Core Equity Market ETF | $41.39 | -1.0% | $18.3B | 0.18% | 2.45% | +12.8% |
 DFIC | Dimensional International Core Equity 2 ETF | $37.47 | -1.1% | $15.3B | 0.22% | 2.55% | +13.5% |
 DFAX | Dimensional World ex U.S. Core Equity 2 ETF | $35.82 | -1.6% | $12.2B | 0.28% | 2.5% | +12.6% |
 VIGI | Vanguard International Dividend Appreciation ETF | $98.17 | -0.3% | $9.2B | 0.07% | 2.13% | +10.1% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 FAF | First American Financial Corp | 0.10% | $63.82 | +0.2% | $6.5B | 9.0 | 3.64% |
| TSM | Taiwan Semiconductor Manufacturing ADR | 0.10% | $406.13 | -6.0% | $2.11T | 26.1 | 1.01% |
| NTR | Nutrien Ltd | 0.04% | $69.42 | +1.4% | $33.1B | 14.1 | 3.16% |
| BMO | Bank of Montreal | 0.07% | $171.13 | -2.7% | $118.9B | 19.3 | 2.85% |
| ASML | ASML Holding NV | 0.03% | $1565.90 | -6.5% | $603.5B | 38.6 | 0.66% |
| AZN | Astrazeneca plc | 0.03% | $186.65 | +7.0% | $289.5B | 27.9 | 1.79% |
| MUFG | Mitsubishi UFJ Financial Group Inc ADR | 0.03% | $21.56 | -1.7% | $242.7B | 14.1 | 2.94% |
 SIEB | Siebert Financial Corp | 0.03% | $1.87 | +2.2% | $79.0M | - | - |
Investor Checklist
Below are the key points to check before considering an investment in IDVO. Understanding the synergy between global dividend stocks and covered calls is essential.
| Checklist | Details to Confirm | Current Status |
|---|---|---|
| 💵 Dividend Sustainability | Review dividend payment history of holdings and performance of the options strategy | Needs verification |
| 🌏 Regional Exposure | Monitor changes in country-level allocations across Europe, Asia, and other regions | Appropriate level |
| 📊 Call Option Coverage | Size of call options sold relative to total assets and flexibility of the strategy | Stable |
| 💰 Fee Efficiency | Assess whether active management performance justifies the higher fees | Maintained |
There is a risk of dividend cuts if overseas companies' earnings deteriorate during a global economic slowdown, and the possibility of foreign exchange losses stemming from a stronger dollar is also a key risk factor to consider before investing.
For asset-allocation investors who want to secure stable monthly cash flow while participating in the growth of quality stocks outside the U.S., this fund can serve as an effective global income solution.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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