And third, we have the Amplify CWP Enhanced Dividend Income ETF, stock ticker DIV O, which has a trailing 12-month yield of about 6.12%, but in reality, the forward-looking yield is even higher, and I'll explain why that's the case here in just a moment.
Now, it's important we understand what type of ETF we're looking at here. We're looking at an option income ETF. And I want to be abundantly clear. There's a lot of bad option income ETFs out there.
A lot of risky ones with very unsustainable yields. This is not one of those ETFs. This one is very different because it's structured in a way to create very sustainable income.
And this is very intentional by the fund managers. And as a result, the dividend is not just sustainable, the performance has been very strong as well. In fact, take a look at the performance over the last year.
Despite the fact it's yielding around 6 to 7%, it's slightly outperformed the S&P 500 on a total return basis. Even if we zoom out over the last 5 years, again, it's actually outperformed the S&P 500 on a total return basis.
That's extremely rare for an option income strategy.