

I have a soft spot for the Schwab U.S. Dividend Equity ETF (SCHD).

As a general rule of thumb, I usually expect covered call ETFs to underperform their long-only counterparts.
International developed stocks have spent 2026 quietly embarrassing the S&P 500, and the three ETFs covered here let you collect a paycheck while it happens.

Amplify CWP International Enhanced Dividend Income ETF is rated a buy, offering a compelling distribution yield and relatively better valuations than broad-market US equities. Underlying holdings generally retain earnings for reinvestment, supporting dividend sustainability and long-term growth, with a moderate option overlay for incremental income. IDVO retains the potential for capital appreciation alongside distributions, appealing to both growth- and income-focused investors.

If you bought Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) for the monthly checks, the prospectus detail that matters most this year is the one you probably skimmed: IDVO is unhedged.

The Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) has quietly become one of the more interesting income vehicles in the international space, with the ETF returning 35% over the past year and almost 12% year-to-date.

Amplify CWP International Enhanced Dividend Income ETF (IDVO) is upgraded to Buy for its strong total return and income-focused, tactical covered call strategy. IDVO offers a 5.5% yield, monthly payouts, and broad international diversification with less than 3% US exposure, appealing to income-oriented investors. The fund's partial covered call approach balances premium income and growth, with dynamic management adjusting holdings to macro conditions.

American investors have a long, painful history of underweighting international stocks.
SEC filings for IDVO aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.